Can You Save Money By Leasing a Car?

For a long time, we have all been wired to believe that buying a house is more convenient than renting. The same may also apply to a car. Many reasons support purchasing a car but have you ever considered the advantages of leasing over buying? Here are some of them.

Reasons-why-Leasing-is-Better-than-Buying-a-CarReasons why Leasing is Better than Buying a Car

To begin with, one needs not plan a long-term devotion. Many leases have 24, 36, 48 and 60-month terms. You do not have to get stuck with a car that you do not like forever. Leasing also favors those who do not like long-term commitments.

Moreover, there is no need to cater for significant repairs. Buying a car means you have to personally foot the maintenance and repair costs and sad enough you might end up stuck with a faulty vehicle. Leasing lasts a few months, and most leased cars are relatively new and therefore fall under the warranty of the manufacturer.

Furthermore, the monthly payments will be cheaper. When leasing a vehicle, you do not have to pay the whole price of the car. You only need to pay the depreciation cost and an additional small fee. Leases also require only a tiny down payment than when buying a car. 

Leasing also gives you a chance to dodge dealership. When heading to a dealership, you may be presented with inappropriate information that might be a bit confusing. Leasing allows you to avoid dealership and only deal with brokers who are trained to help with the leasing procedure.

Also, there are no resell hassles. Once your leased term is over, you just return the car to the dealer. There is no need to get worried about finding a new buyer and meeting up with strangers handling somewhat tedious craigslist inquiries. There are few precautions here though. If you do a lot of driving and is likely to subject the car to a lot of wear and tear, you might just as well buy a car. This consideration is because the mileage and wear and tear expenses will be included in the monthly fee. This can be particularly useful for Uber car hire as some jobs like this can be temporary

Last but not least, it is possible to enjoy many tax write-offs that include a portion of depreciation if you utilize the car for business purposes. These deductions are not available to people who buy a car on loan.

Terms of Leasing a Car

Before leasing a car, you need to acquaint yourself with the terms used when renting a car. We have words like, depreciation which constitutes the most significant part of a lease payment. Typically, the value of a car depreciates by 50% over a 3-year period. Other terms include Capitalized cost, capitalized cost reduction, Adjusted Capitalized Cost, acquisition fee, just to name but a few.

In a nutshell, leasing a car is by far the most advantageous way of getting you a car. You can also read this guide to get the best tips on where, how and additional information on car leasing.

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How to Help Your Teen Prepare for Graduation

The end of high school is an exciting time. Teens legally become adults at age 18, and it’s right around that time that they finish high school and decide what to do next with their lives. As their parent, you’re likely feeling a little bit sentimental right about now. Weren’t they just running around in diapers?

While they might legally be an adult any day now, that doesn’t mean that they’re prepared to handle life on their own–yet. You as their parent have a few opportunities to show your love and help prepare them for the real world, and the life ahead of them. Without further ado, here are some of the ways you can help your teen prepare for graduation.  Graduation.
Help Them Choose a Career
Probably the biggest decision facing your teen is: what am I going to do now? It’s hard to pick your life path when you’re only seventeen years old. For your teen, they may have a clear idea of what they’d like to do, or they may feel completely lost. Instead of sitting them down and pressuring them into a certain career, help them understand their strengths. It’s never too early to start noticing and complimenting your teen’s strengths. (They might be unaware of them.) “You really have a gift for empathy.” “You communicate really well.” “You’re amazing with numbers.” These small encouragements could help your teen understand what career is best suited to their skills.
Teens-Making-Their-First-Attempt-At-A-JobHelp Them Choose a School

Once a career path is chosen, your son or daughter will need to decide what college or tech school they’re attending to acquire their education. Their career choice and savings will help determine what they can afford. Remember, in the last few years of high school, to encourage them to volunteer and take leadership at school. Those kinds of activities could help them win scholarships and save on tuition, making a better school available.

Encourage Independence

While there’s nothing wrong with a student living at home, college will be a formative time for them, and you may want to encourage them to spread their wings completely. If you can help them out with the gift of a car, that will allow them to further exercise their independence, by living on campus or regularly attending campus activities. You can buy a car from your local dealer, whether that’s 1232 Hylan Blvd. Sl, NY, or anywhere else nearby. Besides encouraging them to live on-campus, you can also help them out in the year or two before graduation by teaching them about finances, car repair, and other basic “adult” skills. Don’t pick up their socks; don’t do their laundry. If your teen is going to thrive as an adult after they graduate, they should be facing the responsibilities of one well before that. Student-Buying-Their-First-Car

There are many ways you can help your teen prepare for graduation. The three biggest are helping them choose a career, choose a school, and encouraging their independence. Once you’ve helped them in these areas, they’ll be well on their way to a bright future.
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