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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 May 15, 2019

How to Tap Into the Power of Positivity

How to Tap Into the Power of Positivity

As it appears, the human mind is not capable of not thinking, at least on the subconscious level. Our mind is always occupied by thoughts, whether we want to or not, and they influence our every action.

“Happiness cannot come from without, it comes from within.” – Helen Keller

When we are still children, our thoughts seem to be purely positive. Have you ever been around a 4-year old who doesn’t like a painting he or she drew? I haven’t. Instead, I see glee, exciting and pride in children’s eyes. But as the years go by, we clutter our mind with doubts, fears and self-deprecating thoughts.

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Just imagine then how much we limit ourselves in every aspect of our lives if we give negative thoughts too much power! We’ll never go after that job we’ve always wanted because our nay-saying thoughts make us doubt our abilities. We’ll never ask that person we like out on a date because we always think we’re not good enough.

We’ll never risk quitting our job in order to pursue the life and the work of our dreams because we can’t get over our mental barrier that insists we’re too weak, too unimportant and too dumb. We’ll never lose those pounds that risk our health because we believe we’re not capable of pushing our limits. We’ll never be able to fully see our inner potential because we simply don’t dare to question the voices in our head.

But enough is enough! It’s time to stop these limiting beliefs and come to a place of sanity, love and excitement about life, work and ourselves.

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So…how exactly are we to achieve that?

It’s not as hard as it may seem; you just have to practice, practice, practice. Here are a few ideas on how you can get started.

1. Learn to substitute every negative thought with a positive one.

Every time a negative thought crawls into your mind, replace it with a positive thought. It’s just like someone writes a phrase you don’t like on a blackboard and then you get up, erase it and write something much more to your liking.

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2. See the positive side of every situation, even when you are surrounded by pure negativity.

This one is a bit harder to put into practice, which does not mean it’s impossible.

You can find positivity in everything by mentally holding on to something positive, whether this be family, friends, your faith, nature, someone’s sparkling eyes or whatever other glimmer of beauty. If you seek it, you will find it.

3. At least once a day, take a moment and think of 5 things you are grateful for.

This will lighten your mood and give you some perspective of what is really important in life and how many blessings surround you already.

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4. Change the mental images you allow to enter your mind.

How you see yourself and your surroundings make a huge difference to your thinking. It is like watching a DVD that saddens and frustrates you, completely pulling you down. Eject that old DVD, throw it away and insert a new, better, more hopeful one instead.

So, instead of dwelling on dark, negative thoughts, consciously build and focus on positive, light and colorful images, thoughts and situations in your mind a few times a day.

If you are persistent and keep on working on yourself, your mind will automatically reject its negative thoughts and welcome the positive ones.

And remember: You are (or will become) what you think you are. This is reason enough to be proactive about whatever is going on in your head.

Featured photo credit: Kyaw Tun via unsplash.com

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