Why is it better

However, there are advantages to leasing as well. They include:. If you're concerned about the monthly costs, a lease eases the burden a bit. Generally, the monthly payment is considerably less than it would be for a car loan.

Some people even opt for a more luxurious car than they otherwise could afford. Make sure your insurance covers any charges that may still be due even if the car is totaled before the lease runs out. When the lease is up in a few years, you can return it and get your next new car.

Many new cars offer a warranty that lasts at least three years. So when you take out a three-year lease, most of the repairs should be covered.

Leasing arrangements largely eliminate the hazards of a significant unforeseen expense. Are you the type of person who hates to haggle? If so, you probably hate the idea of selling your used car to a dealership or a private buyer. With a lease, you simply return the car. The only thing you have to worry about is paying any end-of-lease fees, including those for abnormal wear or additional mileage on the vehicle.

If you use your car for business purposes, a lease will often afford you more tax write-offs than a loan. Leases also provide less flexibility than buying. The contract discourages any customization. In fact, the finance company may require that you reverse any modifications prior to returning it, which can be both a pain and an extra expense. Also, if the car is totaled in an accident before the end of your lease, you may be liable for some costs not covered by your car insurance unless the lease includes car gap insurance.

This type of insurance covers any costs that might be required before the lease expires, even if the car is scrap. If you decide that taking out a loan is preferable to leasing a vehicle, then it's worth using an auto loan calculator to determine what loan term and interest rate would best suit your needs.

When you buy a car you either pay cash or get a car loan and take title to the vehicle. If you finance the car you build equity in the car over time. Automobiles are depreciating assets, however, and can sometimes depreciate faster than a person builds equity through payments. When leasing a car you make lease payments but never take title to the vehicle or build equity.

When the lease term is up you simply turn in the car. The main disadvantage of leasing is that you don't build equity in the vehicle as you make lease payments. Lease terms can be anywhere from 2 - 5 years but can be ended early, though early termination typically involves a cancellation fee. Leasing allows a person to get a new car every few years if they wish and keep their payments relatively stable if leasing the same make and model of car.

Leasing also frees the lessee from having to dispose of the car at the end of the lease term by selling as a private party or trading it in on another car.

Internal Revenue Service. Read our car leasing basics. Auto Loans. Car Insurance. Your Privacy Rights. Fractions 8. Decimals 9. Data Handling Mensuration Algebra Ratio and Proportion Symmetry Q2 Why is it better to use a divider than a ruler while measuring the length of a line segment? Looking to do well in your science exam?

Learn from an expert tutor. Book a free class! Solution Transcript. Set your child up for success with Lido, book a class today! Maths Class 6 Class 7 Class 8. Science Class 6 Class 7 Class 8. Selina Question Bank. Physics Class 6 Class 7 Class 8. Running is an appealing exercise because it doesn't cost a lot to take part and you can run at any time that suits you. Some runners choose to participate in fun runs, athletics races or marathons. If you are interested in competing with other runners, contact your local running club.

The difference between running and jogging is intensity. Running is faster, uses more kilojoules and demands more effort from the heart, lungs and muscles than jogging.

Running requires a higher level of overall fitness than jogging. Both running and jogging are forms of aerobic exercise.

Aerobic means 'with oxygen' — the term 'aerobic exercise' means any physical activity that produces energy by combining oxygen with blood glucose or body fat. This page has been produced in consultation with and approved by:.

Engaging in an individual physical activity to benefit only yourself, away from family or community, may be seen as inappropriate or selfish. Aerobics injuries are usually caused by trauma and overuse, but can be prevented by using the right techniques and equipment. Exercise can reduce some of the symptoms of arthritis, and improve joint mobility and strength. Exercise-induced asthma can be prevented with medication and by preparing for exercise and physical activity.