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Car Leasing Made Simple – Advantages & Disadvantages

Car Leasing Made Simple – Advantages & Disadvantages

These days our cars mean everything to us, they’re our most favourable mode of transport that gives us our independency to come and go when and where we please. However with the price of a decent car these days on the increase there has got to be a better way of obtaining a car without paying a small fortune, and there is!

Car leasing is an affordable scheme that allows you to pay monthly instalments under a contract period for using a brand new car. This means there are no large upfront costs and you can pretty much start driving straight away. In previous years you had to physically go into a showroom and speak to one of the sales team to sort out a lease, however these days you can now sort out a car lease over the internet. Its car leasing made simple!

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If you buy your lease over the internet you are protected under the Distance Selling Act, which regulates consumer contracts under the sales of goods or services without face to face contact. When purchasing a lease online make sure you have all the companies details just as a precaution, and always look for the padlock sign to make sure the site it legitimate and the connection is secure.

When trying to get the best price on a lease agreement, ensure you have the full contract details and there isn’t any hidden extras. It’s common to forget VAT so find out whether that’s inclusive in the price, which will guard you from any unknown additional charges.

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So what are the advantages and disadvantages of a new car lease?

Advantages

Stating the obvious, it means you get a brand new car and can start driving it almost straight away. You can choose whatever colour of vehicle you wish and anything else to suit your specification. Given that it’s a new car it will have all the latest features and safety functions, and it will be accident free and mechanically sound. A full manufacturer’s warranty is included so you will have service support.

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One of the best advantages of leasing a car is that there is a low initial payment so you don’t need to empty all funds just to make the payment. A bonus advantage is how easy it is to sort out at the end of the lease, the vehicle will be collected so there’s no hard sell, and you can even trade it in for an upgrade on a new lease.

Disadvantages

As the car is brand new the cost will be higher than it would be for a used model, and insurance could also be potentially higher as well. As the lease is a binding contract any early termination could become costly, and you must return the car in good condition or penalties will be applied. Lastly if you were to go over the agreed annual mileage, you will have to pay excess fees which again can figure out pretty costly.

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Aside from these advantages and disadvantages, there are many reasons to lease a car. You might be someone who really looks after your cars and knows how much you travel on an average annual mileage anyway. You might be someone who can comfortably manage the monthly payments from a regular income. You might even be someone who just likes to keep up to date with the latest features, and for that reason you change your car every 3 years anyway.

Sometimes people need a car for work, especially as more and more companies are expanding and are moving out of the city. In this scenario a company car might not be an option so a lease would really support your day to day travel from point A to point B.

So as you can see, like everything else car leasing has its advantages and disadvantages, but it’s all about what works for you.

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Roxanne Tanner

Digital Media Blogger

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Last Updated on August 4, 2020

8 Benefits of a Minimalist Lifestyle That Get You to Live With Less

8 Benefits of a Minimalist Lifestyle That Get You to Live With Less

Minimalism is a way to put a stop to the gluttony of the world around us. It’s the opposite of every advertisement we see plastered on the radio and TV. We live in a society that prides itself on the accumulation of stuff; we eat up consumerism, material possessions, clutter, debt, distractions and noise.

What we don’t seem to have is any meaning left in our world.

By adopting a minimalist lifestyle, you can throw out what you don’t need in order to focus on what you do need.

I know first hand how little we actually need to survive. I was fortunate enough to live in a van for four months while traveling throughout Australia. This experience taught me valuable lessons about what really matters and how little we really need all this stuff we surround ourselves with.

Less is more.

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Living a minimalist lifestyle is reducing.There are a few obvious benefits of minimalism such as less cleaning and stress, a more organized household and more money to be found, but there are also a few deep, life-changing benefits.

What we don’t usually realize is that when we reduce, we reduce a lot more than just stuff.

Consider just some of the benefits of living with fewer possessions:

1. Create Room for What’s Important

When we purge our junk drawers and closets we create space and peace. We lose that claustrophobic feeling and we can actually breathe again. Create the room to fill up our lives with meaning instead of stuff.

2. More Freedom

The accumulation of stuff is like an anchor, it ties us down. We are always terrified of losing all our ‘stuff’. Let it go and you will experience a freedom like never before: a freedom from greed, debt, obsession and overworking.

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3. Focus on Health and Hobbies

When you spend less time at Home Depot trying unsuccessfully to keep up with the Joneses, you create an opening to do the things you love, things that you never seem to have time for.

Everyone is always saying they don’t have enough time, but how many people really stop and look at what they are spending their time doing?

You could be enjoying a day with your kids, hitting up the gym, practicing yoga, reading a good book or traveling. Whatever it is that you love you could be doing, but instead you are stuck at Sears shopping for more stuff.

4. Less Focus on Material Possessions

All the stuff we surround ourselves with is merely a distraction, we are filling a void. Money can’t buy happiness, but it can buy comfort. After the initial comfort is satisfied, that’s where our obsession with money should end.

We are bombarded by the media presenting promises of happiness through materialistic measures. It’s no wonder we struggle everyday. Resist those urges. It’s an empty path, it won’t make you happy.

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It’s hard not to get roped into the consumerism trap. I need constant reminders that it’s a false sense of happiness. I enjoy stuff, but I also recognize that I don’t need it.

5. More Peace of Mind

When we cling onto material possessions we create stress because we are always afraid of losing these things. By simplifying your life you can lose your attachment to these things and ultimately create a calm, peaceful mind.

The less things you have to worry about, the more peace you have, and it’s as simple as that.

6. More Happiness

When de-cluttering your life, happiness naturally comes because you gravitate towards the things that matter most. You see clearly the false promises in all the clutter, it’s like a broken shield against life’s true essence.

You will also find happiness in being more efficient, you will find concentration by having refocused your priorities, you will find joy by enjoying slowing down.

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7. Less Fear of Failure

When you look at Buddhist monks, they have no fear, and they have no fear because they don’t have anything to lose.

In whatever you wish to pursue doing you can excel, if you aren’t plagued with the fear of losing all your worldly possessions. Obviously you need to take the appropriate steps to put a roof over your head, but also know that you have little to fear except fear itself.

8. More Confidence

The entire minimalist lifestyle promotes individuality and self reliance. This will make you more confident in your pursuit of happiness.

What’s Next? Go Minimalism.

If you’re ready to start living a minimalist lifestyle, these articles can help you to kickstart:

Featured photo credit: Unsplash via unsplash.com

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