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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 November 11, 2019

How to Improve Memory and Boost Your Brainpower

How to Improve Memory and Boost Your Brainpower

Have you ever noticed that some people are able to effortlessly remember even the most mundane details and quickly comprehend new things? Well, you can too!

To unlock the full potential of your brain, you need to keep it active and acute. Wasting time on your couch watching mindless television shows or scrolling through facebook is not going to help.

Besides getting out flashcards, what can you do to help remember things better and learn new things more quickly? Check out these 10 effective ways on how to improve memory:

1. Exercise and Get Your Body Moving

Exercising doesn’t just exercise the body, it also helps to exercise your brain. Obesity and the myriad of diseases that eventually set in as a result of being overweight can cause serious harm to the brain.

Furthermore, without regular exercise, plaque starts to build up in your arteries, and your blood vessels begin to lose the ability to effectively pump blood. Plaque buildup leads to heart attacks and it also reduces the amount of oxygen and nutrients that your blood carries to your brain. When the nutrients don’t make it there, the brain’s ability to function is compromised.

To prevent this from happening, make sure you get moving every day. Even if it’s just a brisk walk, it’ll help you maintain and increase your mental acuity. Brisk walking, swimming and dancing are all excellent activities. Take a look at these 5 Ways to Find Time for Exercise.

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2. Eliminate Stressors and Seek Help If You’re Depressed

Anything that causes you major stress, like anger or anxiety, will in time begin to eat away the parts of your brain that are responsible for memory. Amongst the most brain-damaging stressors is depression, which is actually often misdiagnosed a a memory problem since one of its primary symptoms is the inability to concentrate.

If you can’t concentrate, then you might feel like you are constantly forgetting things. Depression increases the levels of cortisol in your bloodstream which elevates the cortisol levels in the brain. Doctors have found that increased cortisol diminishes certain areas of the brain, especially the hippocampus which is where short-term memories are stored.

Prolonged depression can thus destroy your brain’s ability to remember anything new. Seek professional help to combat your depression – your brain will thank you.

3. Get a Good Night’s Sleep and Take Naps

Getting a consistent 7 to 8 hours of sleep each night will increase your memory. During sleep, the brain firms up memories of recently acquired information.

Getting enough sleep will help you get through the full spectrum of nocturnal cycles that are essential to optimal brain and body functioning during the waking hours. Taking a nap throughout the day, especially after learning something new, can also help you to retain those memories as well as recharge your brain and keep it sharper longer.

4. Feed Your Brain

Fifty to sixty percent of the brain’s overall weight is pure fat, which is used to insulate its billions of nerve cells. The better insulated a cell is, the faster it can send messages and the quicker you will be thinking.

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This is precisely why parents are advised to feed their young children whole milk and to restrict dieting – their brains’ need fat to grow and work properly. Skimping on fats can be devastating even to the adult brain.

Thus, eating foods that contain a healthy mix of fats is vital for long-term memory. Some excellent food choices include fish (especially anchovies, mackerel and wild salmon) and dark leafy green vegetables. Here’re more brain food choices: 12 Foods that Can Improve Your Brain Power

Deep-fried foods obviously contain fat but their lack of nutritional value is not going to help your brain or your body, so think healthy foods and fats.

5. Eat Breakfast and Make Sure It Includes an Egg

According to Larry McCleary, M.D., author of  The Brain Trust Program, an egg is the ideal breakfast. Eggs contain B vitamins which help nerve cells to burn glucose, antioxidants that protect neurons against damage; and omega-3 fatty acids that keep nerve cells firing at optimal speed.

Other foods to add to your breakfast include fruits, veggies and lean proteins. Avoid trans fats and high fructose corn syrup. Trans fats diminish the brain cells’ ability to communicate with each other and HFCS can actually shrink the brain by damaging cells.

Having a healthy breakfast in the morning has been shown to improve performance throughout the day. If you’re too busy to have a healthy breakfast, this maybe just right for you: 33 Quick And Healthy Breakfasts For Busy Mornings

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6. Write it Down

If there’s something you want to remember, writing it down can help.

It may sound like a no-brainer, but do you really know why? Writing it down creates oxygenated blood flow to areas of your brain that a responsible for your memories and literally exercises those parts of it. Here’s How Writing Things Down Can Change Your Life.

You can start a journal, write yourself emails or even start keeping a blog – all of these activities will help to improve your capacity to remember and memorize information.

7. Listen to Music

Research shows that certain types of music are very helpful in recalling memories. Information that is learned while listening to a particular song or collection can often be recalled by thinking of the song or “playing” it mentally. Songs and music can serve as cues for pulling up particular memories.

8. Visual Concepts

In order to remember things, many people need to visualize the information they are studying.

Pay attention to photographers, charts and other graphics that might appear in your textbook; or if you’re not studying a book, try to pull up a mental image of what it is you are trying to remember. It might also help to draw your own charts or figures, or utilize colors and highlighters to group related ideas in your notes.

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Here, you can learn How to Become a Person Who Can Visualize Results.

9. Teach Someone Else

Reading material out loud has been shown to significantly improve memory of the material. Expanding further upon this idea is the fact that psychologists and educators have found that by having students teach new concepts to others, it helps to enhance understanding and recall.

Teach new concepts and information to a friend or study partner, and you’ll find you remember the information a lot better.

10. Do Crossword Puzzles, Read or Play Cards

Studies have shown that doing crossword puzzles, read or play cards on a daily basis not only keep your brain active but also help to delay memory loss, especially in those who develop dementia.

So pick up the daily newspaper and work on that crossword puzzle, read a book or enjoy a game of solitaire.

Pick one to two of these tips first and start applying them to your everyday life. Very soon you’ll find yourself having better memories and a clearer head!

More About Boosting Memory

Featured photo credit: Pexels via pexels.com

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