The idea of leasing has rapidly gained pace in the country. More and more
companies are preferring it to buying. The basic tenet of leasing is that
you pay a monthly fee for using a vehicle over a specified period. The
vehicle is still owned by the leasing company who take possession once
the lease period lapse. A car is an enabler to doing business (a tool of production,
like a Jembe if you are a farmer, a banking hall if you are a banker or a gun if you
are a policeman). A banker does not need to own a building in every town he establishes
a branch. He hires one. Neither does a farmer need to own a plough to till his
land. He can hire one. In business, you don’t have to divert capital from your core
area of operation for expensive asset acquisition. You pay for exactly what you use.
