If you're unsure whether leasing or financing your car will best suit your needs, in this section, we've outlined some of the benefits of each.

Here are some of the issues to consider when deciding to finance your motor vehicle:

• If you like to keep your vehicle for many years, financing might be a better option for you.
• Tax advantage in most cases
• In financing you are building equity towards ownership.
• Include operating costs (fuel, servicing, etc)

Some of the reasons to consider leasing include:

• Finance available on the total purchase price.
• There is little or no down payment required with leasing.
• GST credits available.
• Leasing provides a low cost way to drive a new vehicle.
• Include operating costs (fuel, servicing, etc).
• You pay for only the use of the vehicle, not the ownership. Tax advantages may apply if the vehicle is used for business purposes.
• A lower monthly payment means more disposable income is available for other purposes.
• You enjoy the flexibility of structuring the lease to fit your lifestyle.
• You can have a greater selection of vehicles.
• If you enjoy driving a new vehicle every few years with new vehicle warranty protection, then you should consider leasing.

* Please consult your tax adviser on all matters to determine how you would be affected. SGEFS is not a tax adviser or consultant and does not offer tax advice.