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Want a New Car, Without the Hassle of Owning a New Car? Try Leasing

Want a New Car, Without the Hassle of Owning a New Car? Try Leasing

These days, many people are leasing vehicles rather than buying them. For a lot of people, this is a much easier and less expensive option. While leasing does have some drawbacks, there are numerous advantages. Let’s take a look at the great reasons to lease and some things to consider before leasing a vehicle.

Advantages and Disadvantages

According to an expert from eAutoLease, “The benefits of leasing are numerous; a new car every two to three years, low monthly payments, full warranty, etc.” There are actually many benefits to leasing a vehicle rather than buying one. Let’s take a look at those benefits, as well as some of the disadvantages of leasing.

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  • Liability – When you lease a vehicle, you are only paying for part of that vehicle. Therefore, you have less liability in the event of an accident. However, you will likely be required to have gap coverage. This is a higher rate of insurance which many auto buyers choose as well. With this coverage, you will have a full payoff if the vehicle is destroyed or stolen, which is going to give you better peace of mind. Just remember, it is more costly to have this coverage, so it is something to seriously consider before leasing, as it is not always as advantageous as it may sound.
  • Taxes and Business Write-Offs – Because you aren’t paying the full purchase price of the vehicle, the taxes are going to be lower than if you were to buy a vehicle. You will only have to pay taxes on the payments you make. You can also use your vehicle for business and claim it as a business write-off on your taxes. For business owners, this is actually a lot easier than writing off a vehicle that has been purchased outright.
  • Maintenance – One of the greatest advantages of leasing a vehicle is the fact that you don’t have nearly as much vehicle maintenance to worry about. But, this doesn’t mean that you are off the hook if you need to have certain repairs done. You need to find out exactly what is covered in the maintenance plan and what you will have to be responsible for yourself. Remember, if you are in an accident, you are going to be liable for any repairs that need to be made, and you may be required to have repairs at a dealership, which is very expensive. Roadside assistance will be included, so you at least won’t have to pay for boosts, towing, etc.
  • Credit Approval – Getting credit approval to lease a vehicle is generally a lot easier than getting credit approval to buy a new vehicle outright. This is because you don’t have to ask for as much money, and lenders are more likely to provide credit even if you have poor or no credit to begin with.

Things to Consider

Before leasing a vehicle, there are several things that you need to consider. While there are many advantages to leasing, there can be some disadvantages as well.

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  • Look at Your Income – Even though leasing payments are much lower than financing payments, you still need to make sure that your monthly cash flow will allow you to comfortably make those payments.
  • How Much You Drive – If you do a lot of driving, you can expect to have to pay more for mileage on your leased vehicle. Many leasing companies will charge up to 20 cents for each additional mile that is not in the original lease agreement.
  • How You Treat Vehicles – Some people are harder on vehicles than others. If you find that your cars are always getting scratches and dings, it may not be best for you to lease. There will be wear and tear fees, and the more you damage the vehicle, the more you are going to have to pay.
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Jane Hurst

Writer, editor

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Last Updated on July 10, 2020

How to Take Control of Your Life with Better Boundaries

How to Take Control of Your Life with Better Boundaries

We all have them—those hurtful, frustrating, offensive, manipulative people in our lives. No matter how hard we try to surround ourselves with positive and kind people, there will always be those who will disrespect, insult, berate, and misuse you if we allow them to.

We may, for a variety of reasons, not be able to avoid them, but we can determine how we interact with them and how we allow them to interact with us.

So, how to take control of your life and stop being pushed around?

Learning to set clear firm boundaries with the people in our lives at work and in our personal lives is the best way to protect ourselves from the negative effects of this kind of behavior.

What Boundaries Are (And What They’re Not)

Boundaries are limits

—they are not threats or ultimatums. Boundaries inform or teach. They are not a form of punishment.

Boundaries are firm lines—determined by you—which cannot be crossed by those around you. They are guidelines for how you will allow others to treat you and what kind of behaviors you will expect.

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Healthy personal boundaries help protect you from physical or emotional pain. You may also need to set firm boundaries at work to ensure you and your time are not disrespected. Don’t allow others to take advantage of your kindness and generosity.

Clear boundaries communicate to others that you demand respect and consideration—that you are willing to stand up for yourself and that you will not be a doormat for anyone. They are a “no trespassing” sign that makes it very clear when a line has been crossed and that there will be consequences for doing so.

Boundaries are not set with the intention of changing other people. They may change how people interact with you, but they are more about enforcing your needs than attempting to change the general behavior and attitude of others.

How to Establish Boundaries and Take Control of Your Life

Here are some ways that you can establish boundaries and take control of your life.

1. Self-Awareness Comes First

Before you can establish boundaries with others, you first need to understand what your needs are.

You are entitled to respect. You have the right to protect yourself from inappropriate or offensive behavior. Setting boundaries is a way of honoring your needs.

To set appropriate boundaries, you need to be clear about what healthy behaviors look like—what healthy relationships look like.

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You first have to become more aware of your feelings and honest with yourself about your expectations and what you feel is appropriate behavior:

  • Where do you need to establish better boundaries?
  • When do you feel disrespected?
  • When do you feel violated, frustrated, or angered by the behavior of others?
  • In what situations do you feel you are being mistreated or taken advantage of?
  • When do you want to be alone?
  • How much space do you need?

You need to honor your own needs and boundaries before you can expect others to honor them. This allows you to take control of your life.

2. Clear Communication Is Essential

Inform others clearly and directly what your expectations are. It is essential to have clear communication if you want others to respect your boundaries. Explain in an honest and respectful tone what you find offensive or unacceptable.

Many people simply aren’t aware that they are behaving inappropriately. They may never have been taught proper manners or consideration for others.

3. Be Specific but Don’t Blame

Taking a blaming or punishing attitude automatically puts people on the defensive. People will not listen when they feel attacked. It’s part of human nature.

That said, you do not need to overexplain or defend yourself. Boundaries are not open to compromise.

Sample language:

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  • “You may not…yell or raise your voice to me…”
  • “I need…to be treated with respect…”
  • “It’s not okay when…you take things from my desk without asking…”
  • “I won’t…do your work…cover for you anymore…”
  • “It’s not acceptable when…you ridicule or insult me…”
  • “I am uncomfortable when…you use offensive language”
  • “I will no longer be able to…lend you money…”

Being able to communicate these without sounding accusatory is essential if you want others to respect your boundaries so you can take control of your life.

4. Consequences Are Often Necessary

Determine what the appropriate consequences will be when boundaries are crossed. If it’s appropriate, be clear about those consequences upfront when communicating those boundaries to others.

Follow through. People won’t respect your boundaries if you don’t enforce them.

Standing our ground and forcing consequences doesn’t come easily to us. We want to be nice. We want people to like us, but we shouldn’t have to trade our self-respect to gain friends or to achieve success.

We may be tempted to let minor disrespect slide to avoid conflict, but as the familiar saying goes, “if you give people an inch, they’ll take a mile.”

It’s much easier to address offensive or inappropriate behavior now than to wait until that behavior has gotten completely out of hand.

It’s also important to remember that positive reinforcement is even more powerful than negative consequences. When people do alter the way they treat you, acknowledge it. Let people know that you notice and appreciate their efforts.

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Final Thoughts

Respect is always a valid reason for setting a boundary. Don’t defend yourself or your needs. Boundaries are often necessary to protect your time, your space, and your feelings. And these are essential if you want to take control of your life.

Start with the easiest boundaries first. Setting boundaries is a skill that needs to be practiced. Enlist support from others if necessary. Inform people immediately when they have crossed the line.

Don’t wait. Communicate politely and directly. Be clear about the consequences and follow them through.

The better you become at setting your own boundaries, the better you become at recognizing and respecting the boundaries of others.

Remember that establishing boundaries is your right. You are entitled to respect. You can’t control how other people behave, but you do have control over the way you allow people to treat you.

Learning to set boundaries is not always easy, but with time, it will become more comfortable. You may eventually find that boundaries become automatic and you no longer need to consciously set them.

They will simply become a natural extension of your self-respect.

Featured photo credit: Thomas Kelley via unsplash.com

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