To all car owners, could you please share your thoughts whether it's better to buy a new car using Hire Purchase (HP) or Leasing?
I've read in some really old posts that most people prefer HP here in HK. But few (new car) dealers are saying that leasing is now more popular. Is that true?
I understand that since the rate on HP is higher, you incur higher total interest, hence your total cash outlay will be more but your monthly bill is lower vs. leasing. Any other pros & cons between the two? Appreciate any one's comment.