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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 March 24, 2021

8 Smart Home Gadgets You Need in Your House

8 Smart Home Gadgets You Need in Your House

We’ve all done it. We’ve gone out and bought useless gadgets that we don’t really need, just because they seemed really cool at the time. Then, we are stuck with a bunch of junk, and end up tossing it or trying to sell it on Ebay.

On the other hand, there are some pretty awesome tech inventions that are actually useful. For instance, many of the latest home gadgets do some of your work for you, from adjusting the home thermostat to locking your front door. And, if used as designed, these tools should really help to make your life a lot easier—and that’s not just a claim from some infomercial trying to sell you yet another useless gadget.

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Take a look at some of the most popular “smart gadgets” on the market:

1. Smart Door Locks

A smart lock lets you lock and unlock your doors by using your smartphone, a special key fob, or biometrics. These locks are keyless, and much more difficult for intruders to break into, making your home a lot safer. You can even use a special app to let people into your home if you are not there to greet them.

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2. Smart Kitchen Tools

Wouldn’t you just love to have a pot of coffee waiting for you when you get home from work? What about a “smart pan” that tells you exactly when you need to flip that omelet? From meat thermometers to kitchen scales, you’ll find a variety of “smart” gadgets designed to make culinary geeks salivate.

3. Mini Home Speaker Play:1

If you love big sound, but hate how much space big speakers take up, and if you want a stereo system that is no bigger than your fist, check out the Play:1 mini speaker. All you have to do is plug it in, connect, and then you can stream without worrying about any interruptions or interface. You can even add onto it, and have different music playing in different rooms.

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4. Wi-Fi Security Cameras

These are the latest in home security, and they connect to the Wi-Fi in your home. You can use your mobile devices to monitor what is going on in your home at all times, no matter where you are. Options include motion sensors, two-way audio, and different recording options.

5. Nest Thermostat

This is a thermostat that lives with you. It can sense seasonal changes, temperature changes, etc., and it will adjust itself automatically. You will never have to fiddle with a thermostat dial or keypad again, because this one basically does all of the work for you. It can also help you to save as much as 12% on heating bills, and 15% on cooling bills.

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6. Smart Lighting

Control your home lighting from your remote device. This is great if you are out and want to make sure that there are some lights on. It is designed to be energy efficient, so it will pay for itself over time because you won’t have to spend so much on your monthly energy bills.

7. Google Chromecast Ultra

Whether you love movies, television shows, music, etc., you can stream it all using Google Chromecast Ultra. Stream all of the entertainment you love in up to 4K UHD and HDR, for just $69 monthly.

8. Canary

This home security system will automatically contact emergency services when they are needed. This system offers both video and audio surveillance, so there will be evidence if there are any break-ins on your property. You can also use it to check up on what’s happening at home when you are not there, including to make sure the kids are doing their homework.

Featured photo credit: Karolina via kaboompics.com

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