Home - Auto - 4 Things To Know Before Renting Or Leasing A Car

4 things to know before renting or leasing a car

4 things to know before renting or leasing a car

One of the most popular queries on the internet today is to determine if renting a car is better than leasing it. Well, there’s no simple answer. The best choice varies from person to person, depending on how long one needs the car for, how quickly one needs it, and how much flexibility the individual desires. Here are a few key things to know before renting or leasing an automobile.

Costs involved
Individuals must incur several expenses when leasing a car, such as office documentation fees, interest, and taxes. Furthermore, the paperwork may include one-time costs like vehicle registration, a down payment, and a security deposit. Someone who leases a car must also consider other associated costs of daily usage, such as maintenance and repairs, gas, and auto insurance premiums. Lastly, when the lease ends, the driver might be subject to additional charges for wear and tear, exceeding the yearly mileage limit, and costs associated with auctioning the vehicle.

When one rents a car, the list of expenses might seem significantly shorter. These typically include rental payments, a small security deposit, gas, sales tax, and additional services or products the driver requests, such as e-tolls or satellite radio. Rental companies usually handle more considerable expenses, such as auto insurance, maintenance, and vehicle registration. The rental company might offer a decent deal to renters who take the car for more than a few days.

Requirements
Whether leasing or renting a car, individuals are subject to specific requirements. To lease a car, one will require the following:

A good credit score: The dealer checks if the driver has a history of making full and timely payments.
A current driver’s license: It helps verify the driver’s identity and determine if they are authorized to drive.
Auto insurance: It determines if the car is protected in the event of a mishap during the lease.
Proof of income: This document ensures the driver has a source of income to cover payments.

One must possess the following to rent a car:

A valid driver’s license
A credit or debit card to make a deposit at the time of the rental and cover estimated charges
A clean driving record

Contract term
The contract term of a rental differs from that of a lease. A lease might go on for two to four years. On the other hand, a rental may last a couple of days to several months, depending on how long one needs the vehicle. Moreover, individuals usually visit a car dealership for leasing and a rental company for renting.

Similarities between leasing and renting
There are several similarities between leasing and renting, which one should be aware of before choosing either option. Here are a few examples:

Both leasing and renting are short-term commitments compared to purchasing a new car.
Another individual, such as the lender, owns the car.
The driver cannot make alterations or personalize the vehicle.
There is usually a limit on the mileage.
One can drive a new model for less than it would cost to buy it.

Previous Read

5 great benefits of buying an extended vehicle warranty

Modern cars come with all the luxuries and advancements one can expect. They also offer longevity, which is a blessing, as you surely want to drive your car for as many years as possible. However, the one thing that you must keep in mind is that the tenure of your car warranty is generally three years. You will need to buy an extended vehicle warranty after that, which can offer many benefits as listed below. They can be personalizedIn general, the car warranty covers the repairing of your car for a certain amount of time and mileage. However, when you are purchasing an extended warranty, it can be tailor-made as per your needs. This way, you can include coverages that your car previously did not have, such as roadside assistance or an extended bumper-to-bumper coverage. Buying a comprehensive warranty will ensure that you do not have to worry about your car in any scenario. Another great thing about the extended warranty is that you can actually decide its tenure. Hence, you can drive your car stress-free for a long time. Costly repairs are coveredThe extended vehicle warranty will help you save money in the long run, as it covers expensive repairs too. Modern cars are technologically advanced. While they make your life easier on the road, these cars are more prone to malfunctioning. What can be more worrying is the fact that some of the car technologies can be rather expensive to repair. That is where the extended warranty will be your savior. It will cover the expenses whenever your car needs fixing. Greater value for your carWhen you drive your car on the road for many years, it will surely suffer some damages. Apart from natural aging of its machinery, it will also have scratches, bumps, and breakdowns. After the factory warranty for your car is over, it becomes very expensive to maintain the condition of your car. However, if you buy an extended warranty for the car, then it will remain protected for a longer time. As the maintenance of your car will become more affordable with the warranty, you will be able to maintain the condition of your car for a long period of time. This will effectively improve the resale value of your car. Hence, if you ever decide to sell it, you will get a good price. You will save moreWith an extended vehicle warranty, regular maintenance of your car will not cost you anything. This will effectively lower the chances of any major breakdown of the vehicle. Even if the car is seriously damaged due to any accident, you can repair it for no cost. This will allow you to save more in the long run. The cost depends on youThe cost of the extended warranty depends on the coverages you choose. The base price is decided as per the car you have and its overall condition, but you can add only the covers you require to control the cost. Before buying extended vehicle warranty, take some time to research and compare different providers to find the best one you can afford.

Next Read

Top 4 small pickup trucks to consider buying

Small pickup trucks combine the ruggedness and off-roading ability of larger trucks with the utility and driving dynamics of more compact vehicles. Their versatility makes them popular among buyers. So, the small truck segment offers several choices, of which the most suitable pickup could vary depending on what buyers want—off-roading prowess, heavy-duty load carrying, smooth ride and handling, or other key features. Nevertheless, here are a few small pickup trucks that are worth considering:  2023 Hyundai Santa Cruz Hyundai’s Santa Cruz caters to urban buyers, unlike many other trucks on this list. This vehicle's long list of comfort and safety features, comfortable ride quality, and agility around corners further enhance its utility. This vehicle comes with a turbocharged engine that has enough punch to propel the Santa Cruz forward even when its cargo bed is fully loaded. This truck’s rear visibility, limited legroom in the back seats, and slightly pricey nature are some of the minor drawbacks worth taking into account. Top features: The Hyundai Santa Cruz comes with dual front side-mounted and rear airbags, stability control, 4-wheel ABS, passenger airbag occupant sensing deactivation, an 8.0-inch infotainment display, and a 6-speaker sound system. 2024 Ford Maverick Unlike Santa Cruz, the Maverick is one of the seasoned off-roaders. The Maverick has many things going for it, such as its hybrid powertrain option, which makes the vehicle fast as well as incredibly fuel efficient. Additionally, the Maverick’s optional turbocharged engine offers quick acceleration to carry even the heaviest tow load effortlessly. Speaking of carriage, the Maverick has a monstrous maximum towing capacity of 4000 lbs and a maximum payload capacity of 1500 lbs. On the downside, the Maverick’s ride quality is occasionally bumpy, and its interior quality is not as strong as the Hyundai's. Top features: An emergency braking assist, dusk sensing headlamps, 4-wheel ABS, stability control, heated mirrors, and an 8.0-inch infotainment display system are some of the key features of this small pickup truck, 2023 Honda Ridgeline The Honda Ridgeline’s style is closer to the Santa Cruz’s urban appeal than the Maverick' rugged style. The truck comes with poised on-road handling, a powerful V6 engine option to enable rapid acceleration, and a spacious, upscale cabin that can comfortably seat 5 occupants. The cabin also offers a 5-foot bed out at the back that can haul just over 1,500 pounds. A drawback here would be the vehicle’s relatively limited off-roading ability and a dated infotainment system. Top features: The Ridgeline comes with Apple CarPlay/Android Auto connectivity, remote keyless entry, wireless device charging, an 8-speaker stereo system, a rearview camera, adaptive cruise control, ABS, airbags, and many other conveniences. 2023 GMC Canyon The almighty GMC truck offers serious off-road ability and impressive towing and payload-carrying capacity. Out of all the vehicles on this list, the Canyon offers the most assured ride and handling, even on the roughest terrain. The Canyon is also a safe vehicle that can weather most storms and hostile driving environments. Top features: ABS, traction control, airbags, cruise control, sunroof, leather seats, a multifunctional infotainment system, and adaptive headlamps are some of the highlights of this pickup truck. So, one can compare these four small pickup trucks and choose the most suitable option that aligns with their lifestyle, budget, and preferences.

Trending Articles

01

Everything you need to know about chronic fatigue syndrome

Chronic fatigue syndrome is a condition that causes extreme tiredness and fatigue that does not go away even after resting. The causes of the condition are yet to be known. However, there are some theories indicate several factors which include: Viral infection Stress Or several factors in unison Once the symptoms are identified and the condition is diagnosed, treatment can be taken to get relief from symptoms. Understanding all aspects of the condition, including its stages, diagnosis, symptoms, and prevention can help in managing it effectively. Different stages and phases of chronic fatigue syndrome The patients of chronic fatigue syndrome undergo four phases of the condition. Their response towards the treatment can also vary greatly depending on the phase that they are going through. These phases are: Phase I: Crisis or trauma Phase II: Stabilization Phase III: Resolution Phase IV: Integration During all the phases, a chronic fatigue syndrome patient undergoes some physical, psychological, and social changes that are easily noticeable. Diagnosis of chronic fatigue syndrome No one test can diagnose a patient with chronic fatigue syndrome. This is because the symptoms of chronic fatigue syndrome resemble several other health conditions. Therefore, a lot of patience is required for the diagnosis of the condition.
02

What you should know about depression

Depression is a mental health disorder that results in bouts of continuous sadness. A clinical mood disorder can lead to physical and emotional suffering, and can also change one’s behavior. Frustration, anger outbursts, lack of energy, sleep issues, anxiety, disinterest in eating, concentration issues, and suicidal thoughts are also common symptoms of this disease. Depending on its severity, the illness can challenge one to lead a normal life, too. Diagnosis There are many different methods a medical professional can use to determine if one is affected by depression. Psychiatric evaluation is the most common way to determine if one is suffering from the disease. The mental health doctor will interview the affected person to understand their thought process, mood, and other symptoms. Some doctors may compare symptoms with the ones listed in the Diagnostic and Statistical Manual of Mental Disorders (DSM-5). This makes it easier for them to understand the condition. A physical exam is also performed to determine if any physical health issue is caused due to this mental condition. Stages of depression Depending on the level of sadness, the stages of depression can be divided into five stages: Stage 1 Even though the signs of mental disease are hard to miss, for most people, it starts with denial.
03

Important things you should know about diabetes

The pancreas is an important organ in our body that produces insulin. It is required to help the glucose pass to our cells from the blood. That is how energy is created, which is the fuel we require to function. When the pancreas is unable to produce insulin, the glucose level in one’s blood increases. This can result in diabetes, which can lead to organ damage. Types of diabetes There are mainly three kinds of this disease. Type 1 diabetes It can be most commonly seen in children and adolescents. Having said that, it can occur at any age. The insulin production of one’s body decreases with this condition, and they require daily injections to control their glucose levels. Type 2 diabetes Around 90% of people who have diabetes suffer from this type. It is most commonly seen in adults and results in one’s body failing to properly use the insulin that is produced. It can be kept under control by maintaining a healthy lifestyle, but one may also require medicine in the advanced stages. Gestational diabetes This can be seen during pregnancy if the glucose level in one’s blood increases. It can affect both the child and the mother.
04

Gout – Diagnosis, stages, and prevention

Gout or gouty arthritis is a form of arthritis that commonly occurs in the joint located at the base of one’s big toe. It can also be seen in other joints and results in swelling, sudden pain, and tenderness. It can happen to anyone and occur at any moment, even suddenly in the middle of the night. The good news is that it can be prevented and treated. Diagnosis of gout Multiple medical tests can be used to determine if one has this form of arthritis. Below is a list of the most common tests. Joint fluid test The doctor uses a needle to collect fluid from one’s joint and test the same under a microscope. If urate crystals are found in the fluid then they have the condition. Blood test For gout detection, the doctor may suggest a blood test. The amount of creatinine and uric acid present in one’s blood indicates if they have it or not. However, the result of the blood test may not always be conclusive. X-ray imaging If one has joint inflammation, the doctor can use X-ray imaging to determine if it is caused by any other reason or gouty arthritis. Ultrasound A musculoskeletal ultrasound test is used to determine if one has gout or any other form of arthritis.

Our Blogs

Stages, diagnosis, and prevention of ADHD

Stages, diagnosis, and prevention of ADHD

ADHD, short for attention-deficit/hyperactivity disorder, affects children worldwide, and this also often carries on into their adulthood. Some of the different problems faced by kids suffering from ADHD include sustaining attention for a long time, impulsive behavior, and hyperactivity. There might be other problems associated with ADHD, like low self-esteem, low grades in school, and difficulty in keeping up with relationships. More often than not, symptoms of ADHD are seen to have decreased with age. However, there are cases wherein ADHD symptoms never subside. Levels of ADHD There are three different levels or stages at which ADHD can affect individuals. They are: Predominantly inattentive ADHD This level of ADHD may be related to missing details very easily and getting distracted often. Also, one may get bored very quickly. One has difficulty in processing new information, and there is also the tendency to not listen properly. One might not be able to follow directions very clearly and also lose things like pencils or papers. It has been observed that girls are more likely to get inattentive ADHD than boys. Predominantly hyperactive-impulsive ADHD This is mostly associated with symptoms like restlessness and difficulty with sitting still. Kids suffering from hyperactive-impulsive ADHD have a tendency to talk consistently, and it’s less likely that they will engage in quiet activities.
Read More
Understanding skin aging

Understanding skin aging

Changes in the skin are one of the biggest signs that the body is aging. But how the aging of skin takes place depends on a lot of factors such as our diet, lifestyle habits, stress levels, and the like. For example, if you smoke regularly, it can lead to the production of free radicals, which damage healthy skin cells and cause wrinkles. So, let’s dig a little deeper into skin aging so that you can diagnose it and prevent it for as long as possible. Stages of skin aging As you age, you will start noticing changes in your skin. These changes take place in phases or stages. Learning about these phases can allow you to take better care of your skin and stay away from everything that can prove to be harmful to it. So, these stages of skin aging are: Stage I – Between 25 and 35 years This is the time when your skin will look extremely voluminous to you. But, this is also the time when the early signs of aging will start to appear. Therefore, it is important that you follow a good skincare regime. Some wrinkles can start appearing on the forehead. Lines can also start to appear on the face when you make normal expressions such as laughing, smiling, or frowning.
Read More
Stages, diagnosis, and prevention of addiction

Stages, diagnosis, and prevention of addiction

There are three terms that one can relate to addiction – reward, motivation, and memory. Addiction is when the body craves a behavior or substance in an obsessive pursuit of a reward. The person will have little concern about the consequences of the particular behavior or substance. Things to note in case of addiction Some of the attributes that one can relate with addiction include an inability to stay away from the substance, lack of self-control, an outrageous desire for the substance or behavior, ignorance towards the problems that the behavior might be causing, and a growing tendency to ignore the emotional response. Addictions have been known to interfere with daily life and there are also cases of relapse and remission. The complications of addiction can be physical, emotional, as well as financial. Stages of addiction There are five main stages of addiction. These include: Experimentation Every addiction starts with experimentation and during this stage, one cannot understand that this is the beginning of an addiction. One cannot be sure that this will turn into something serious, and hence no necessary steps are taken at this stage. A simple way to find out how this will turn into addiction is understanding the reason for experimenting and how often a person experiments with new substances.
Read More
Top debt settlement companies in the USA

Top debt settlement companies in the USA

Incurring debt is really common in this age and era as everything has become extremely expensive, from college education to owing a house. If you ever feel that your debt is too large and you may not be able to pay it in time, then you can seek the help of a debt settlement company. These companies essentially communicate with your creditor to try and lower your debt and the rest of it is typically forgiven. Given below is a list of the top 9 debt settlement companies in the USA. National Debt Relief If you have USD 7,500 or more in debt, then the National Debt Relief can be a great choice for you. It is one of the most prominent debt settlement companies in the country. The initial consultation is offered for free, but you will have to pay 15-25% of the settled debt amount as a fee. Freedom Debt Relief This a dedicated company that offers debt relief services to people who have at minimum USD 7,500 to USD 10,000 in debt. 15-25% of the settle debt amount is charged as fee once a settlement is negotiated, and in return, they offer the possibility of settling the debt within 24-48 months.
Read More
Allergies – Stages and prevention

Allergies – Stages and prevention

The immune system of our bodies is constantly fighting against viruses and bacteria to keep us healthy. However, in certain cases, the immune system may also end up fighting some substances that are not always harmful. When this happens, you experience an allergic reaction. The allergens are the substances that cause the reactions. With a little carefulness, you can prevent the allergies effectively. The allergic development Even though an allergic reaction can vary from person to person, it generally progresses in the same five stages: Stage 1 The allergen enters your body through food, air, or touch, and contact the cells in your body. Stage 2 Your immune system creates immunoglobulin E, which is a type of antibody. Stage 3 This antibody enters your gastrointestinal tract or respiratory tract but does not do anything. Stage 4 The next time when you are exposed to the same allergen, the immunoglobulin E treats it as a harmful substance and reacts with it. Stage 5 24 hours after the reaction, the immune system cells move towards the areas that were affected to release certain chemicals to treat it. How to diagnose allergies Your allergies can be diagnosed by a doctor. Before visiting him or her, you must recognize the symptoms of an allergic reaction.
Read More
Anemia – Symptoms, types, and prevention

Anemia – Symptoms, types, and prevention

Anemia is a kind of medical condition in which an adequate amount of oxygen fails to reach one’s body’s tissues owing to the deficiency of red blood cells in their body. When one suffers from this condition, their body feels weak and exhausted all the time. Symptoms There are different kinds of anemia and each of them has a cause of its own. It can have short-term or long-term effects and the disease can be mild or severe in nature. If one sees any symptoms suggesting that point toward anemia, it is essential to consult a doctor immediately. The signs vary from person to person and depend on the cause or their origin. Sometimes, the chronic disease causes anemia and the doctor ends up diagnosing the disease but the fact that one is suffering from anemia does not show up in the test. Sometimes, there are mild symptoms and then, with time the symptoms become more prominent indicating that the disease has penetrated one’s body more deeply. Some of the commonly found symptoms include breathing difficulties, fatigue, pale skin, chest pain, headache, dizziness, hands and feet turning cold, irregular heartbeat, and pain in the chest . Types of anemia Iron deficiency anemia This is the most common kind of anemia, which occurs due to iron deficiency.
Read More