It has been said, “If it appreciates, buy it; if it depreciates, rent it”.
You would never purchase a house if you knew for a fact that that within four years it would be worth less than half its original value – but South Africans do that with vehicles every single day.
If you are the type of person who acquires a vehicle with the intention of keeping it for over six years then by all means you should finance it with a fully amortizing loan or even pay cash.
However, if you would like to drive a new vehicle more often take time to review some of the most common objections we hear with respect to renting.