Rio 2016 watchers never seem to have to wait long for yet another scandal; since our last piece there have been more robberies, more assaults, and on Friday the World Anti-Doping Agency …
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talking to myself:
2016 M24 Worlds boss Petey Crawford is back with Episode 5 of “View from the Chair”, and he’s got a special sponsor prize for competitors who haven’t yet completed their replication; two brand new Velocitek Pro-Starts will be awarded to those who finish their registration (meaning…they pay) before July 4th. Even if you ain’t coming to Miami this winter, click on Play and let Petey make you laugh. And even if you don’t win one, you&…
Full Article: Sailing AnarchySailing Anarchy – talking to myself, admin
A lease takeover can mean a lot of things in many places, as this practice is prevalent not only in for Ontario used cars but also in many other places in the world. So first, let’s define what this term means in our area.
In Ontario, What exactly is a lease takeover?
Now, a lot of people prefer lease takeovers when looking for Ontario used cars. A lease takeover is the process of transferring the ownership of a car along with the financial obligations from the previous owner to a new one. But then, the term ownership in a car lease is a little more complicated than the usual sense of the word.
A leased used car will be transferred back to the original owner after the lease expires. In some cases, the lessee may not need the car anymore even before the due date comes. However, as per the terms and conditions of most car lease contracts, the lessee will have to pay a certain amount to the original owner in order to terminate, or break, the lease.
Early termination fee’s can sometimes be a very painful expenditure, so what might be a better scenario then giving back your used car is have someone take over the lease of your used car. Thing you have to consider before taking over a used car’s lease?
First, do the basic car inspection procedures.
Leased or not leased, the used car must be in good condition for two reasons: reliability and liability. The first one is obvious, but the second one might need a little explaining.
Most car lease contracts have a clause that sets a limit on the wear and tear that a car can suffer during the duration of the lease. This will include the tires, the engine, and everything else. Even if the lease will not expire for a long time, a car that is already so worn-down may not be useable anymore, as penalties for breaches of contract can be annoyingly hefty.
Second, check the two top contract indicators.
Having to pay drastically smaller monthly bills would be awesome. However, it can be a major headache to realize later on that the lease will expire even if you still need to use the car. Thus, you need to compare the car lease expiration date against your actual needs. Getting another car in the future or extending the lease on this one can both be unbearably expensive – and Ontario used cars are not exempt from that.
A typical person who will take over a lease usually does so because he wants to save money AND drive the car he wants AND not have to deal with the car forever. However,”forever” in this case is a very relative term. A good rule of thumb is to choose a lease that will expire at about a month of two AFTER you think that you wouldn’t need it anymore.
Mileage, on the other hand, can be a little tricky to gauge. You see, the remaining mileage is something that you can take to YOUR advantage or disadvantage. A scant remaining mileage allocation may be something that will raise a lot of buyers’ eyebrows, but it need not necessarily be. If you don’t use the car a lot (maybe just to get to and from work or school), then high mileage allocations may not be necessary.
Car leases with low mileage allocations remaining are usually cheaper than those which still have a lot of mileage remaining. Thus, you may be getting more value for your money even if it isn’t that obvious at the onset.
Choosing whether its best to assume a lease on a used car, you need a good understanding of your transportation needs before even starting to shop around, your knowledge of your needs will be the determining factor whether you can find the leased car that matches your needs.
For more information on Ontario used cars and wide selection of car accessories please visit our used cars dealership.