Thursday, November 29, 2012

How Does Cash Advance Work?

Today, more so than ever, credit card companies are allowing cash advances to their customers. Not all credit cards will allow this, but many of them do. While it is tempting to use this service at times, consumers should be very careful before taking that cash from the credit card. Here are some issues concerning cash advances that you should know about.

For the most part, credit card companies treat a cash advance differently than they do a purchase. Of particular importance to consumers is the interest rate that the company may charge for the advance. You should carefully check to see how much more interest you will be charged for the cash advance as compared to the purchase interest rate. In many instances, the interest rate for the cash advance will be much higher than the purchase rate. Do not assume that the purchase rate will apply to the cash advance. Check on this before you take the money.

Most (but not all) credit card companies will allow you to get the cash advance from an ATM machine. Other companies, however, may send you checks in the mail. You can learn how the company handles this by reading the billing information that you get from them. You should check to see if there will be any additional charges should you use an ATM.

Your credit card company may also impose a cash advance fee when you take cash. The fee is in addition to the finance charges and may be in addition to any ATM fees that are levied.

Almost all credit companies have a cash advance limit. Some companies limit cash advance amounts to a specific dollar amount, while some limit the amount to a percentage of the credit limit that you have with them. When a specific amount is stated it may say: 0 per advance or it may be worded as 0 per week. While this limits your cash advance amount it also limits the amount of cash a thief could charge to your account should your card be stolen or your information compromised.

Restrictions can be an issue as well. Some companies will not allow electronic transfer of cash advances to certain accounts. An example of this might be an online gambling site.

Understanding how cash advance payments will be applied to your account should be on the top of the list for anyone who is using or planning to use the cash advances companies offer. Here is why.

Some credit card companies (indeed, most of them) will treat your cash advance as a separate entity. This means that payments that you send in may first be applied to your regular purchases account and whatever is left over (if anything is left over) will be applied to the higher rate cash advance portion of your bill. In other words, if you make only the minimum payment per month, your cash advance balance may not go down at all, and will, in fact, go up because of the interest that is being charged.

Your credit card company must tell you how it treats payments when a cash advance is involved. You should read this information carefully, and if the system they use makes you uncomfortable, then avoid using the cash advance services.

Saturday, November 24, 2012

Typical Canadian Apartment Leasing Conditions You Need To Know

These typical Canadian apartment leasing conditions are important to know and understand, especially for first timers. Whether you are renting your apartment in Vancouver, British Columbia, in Calgary, Alberta or Winnipeg, Manitoba, this guide can help you understand the agreement you are signing.

Landlords like stability. They like to know that they can count on you to stay in one place for a while. That is why, most of the time, you will be signing a one-year lease. Unless you happen to go through the University or College's off-campus housing office, that is. Some landlords will, knowing that many students like to go home for the summer, allow you to sign an eight month lease.

Two months before your lease comes due, it is important to tell your landlord your intent. Would you like to renew your lease? Would you like to end the arrangement? Either way, your landlord needs to know, and if he wishes to end the arrangement, he must also tell you so no less than two months before the end of your lease. This allows you to find a new place to live and him to find a new person to stay where you are now. Whenever he wishes to show the apartment, he must always give you a minimum of twenty four hours' notice so that you have a chance to tidy up and put sensitive or personal things away.

It is possible, sometimes, to sublet an apartment, however, these are pretty rare. Most landlords loathe sublet agreements as they feel that they do not protect them from those who disappear in a midnight move. If you can not complete your lease, some landlords will accept a sublet, however, if your sublet does happen to leave town suddenly, you can be certain that the landlord will come knocking at your door to collect his rent.

If you are in an apartment that requires you to pay for your own heating and electrical usage, it is advisable to try to negotiate an equal billing program with the utilities company. They will likely demand a deposit of up to three hundred dollars and your monthly payment may be up to a hundred and fifty dollars. Be prepared. Budget accordingly.

Always read your agreement carefully, and make certain that you understand which appliances are included in your rent. Most places include a stove and refrigerator. Others might also include a washing machine or a dryer and sometimes even both.

When it comes to general repairs relating to electricity, heat, the appliances and the premises, you can expect that the landlord will be responsible for these. The exception to the rule is where you or your guests have caused damage to be done to the premises through neglect or deliberate action. If you have busted up the plaster walls with your karate kicks, chances are that you will have to foot the bill for the repairs.

Ask your landlord, at the time of signing the lease, whether he is planning to paint the walls and if they allow color on the walls. Some landlords only allow white and will have the place painted before you move in. Others will enter into an agreement with you; if you can provide the labour, they will provide the paint in the color that you choose and they approve. It never hurts to ask.

Thursday, November 22, 2012

The Risks Of Red Clause Letters Of Credit

A letter of credit sometimes allows the financial institution to make advances to the beneficiary. The beneficiary uses these funds to find merchandise to prepare the merchandise for shipment. A clause that authorizes your bank to advance these funds was apparently written in red to warn banks and applicants inherent risks.

The perils are that the lending company and the beneficiary are in cahoots with each other to fleece the applicant. In Leonard A. Feinberg, Inc. v. Central Asia Capital Corp (974 F. Supp. 822 (ED Pa. 1997) the applicant contended that the funds advanced by the nominated bank to the beneficiary were not used to prepare the shipment, but to pay off the beneficiary's indebtedness towards the bank.
Even without collusion, the beneficiary can simply take the funds and run off. In these cases the applicant fails to avail him or herself of the safeguard offered by a letter of credit, namely, documentation evidencing suitable performance of the underlying contract.
Advancing funds before shipment is an invitation to be defrauded. The most secure way for the applicant to shield him or herself against deceit is to ask the beneficiary to have its bank issue a "letter of indemnity". This letter of indemnity, issued by the beneficiary's bank, serves to indemnify the applicant in case of fraud. However, a beneficiary who requests a red clause credit generally will lack the funds to satisfy collateral requirements a bank will impose before issuing this type of document.

A better option, and the manner typically used, is to at least be notified of the beneficiary's intent to draw on the red clause letter of credit. This notification cannot be agreed upon straight between applicant and beneficiary, but needs to be part of the letter of credit in order that it shapes the relationship between the bank and the beneficiary. The nominated bank won't have a contract with the applicant but only with the issuing bank. Hence, it cannot defend itself against a demand to advance funds by referencing the contract between applicant and named beneficiary . The correct way is for the applicant to include the notification requirement when opening the letter of credit with the issuing bank.
A notification of an intent to draw (typically 30 days advance notice) will be a first step to protect the seller; other more meaningful options for protection are to require documentation from the beneficiary of the beneficiary's promise to draw upon these funds only within 30 days, declarations of intent how the funds are going to be used, invoices etc.
To further help a seller without funds, the seller might agree with the nominated bank to issue a back-to-back letter of credit. A back-to-back letter of credit allows the beneficiary to utilize the letter of credit as collateral to obtain further financing. The beneficiary who needs to issue a letter of credit to his supplier may pledge the letter of credit to his bank as collateral for the issuance of a second LC.
In this case, the nominated bank, and not the buyer, as would be the case in a red clause credit, trusts the beneficiary of the first letter of credit and believes that he or she will comply with the obligations of the first letter credit. However, a bank issuing a back to back letter of credit might find itself in the uninviting position that it is obligated to pay the beneficiary of the back to back letter of credit (i.e. the credit to the benefit of the first beneficiary's supplier), but not be able to recover from the first beneficiary, since the first beneficiary did not comply with the requirements of the original letter of credit.

A better alternative for the cash-stripped beneficiary may be to partially assign the proceeds of the letter of credit to his supplier. However, in this case the supplier bears the risk, that the beneficiary will comply with all requirements under the LC.

Red letter clauses are hazardous in letter of credits and defeat the the objective of securing the buyer's position. Alternatives exist, but a cash-stripped seller has to convince either his bank, his supplier, or the buyer to share the risk of the beneficiary's non-compliance.

Wednesday, November 21, 2012

Become an Oilfield Vacuum Truck Driver!

Being a vacuum truck driver is not an easy job, especially when it is in the oil and gas industry; it involves the transportation of various types of equipment and supplies to and from job sites. It could include the conveyance of oversized, highly flammable, or explosive cargo over long distances requiring safe and efficient operation. When choosing a new career path and searching for a meaningful job in today's economy, deciding to become a vacuum truck driver in the oil fields could give provide many fulfilling opportunities.

While it is vital to have a good income and be well-compensated; the most important step to a meaningful, fulfilling and rewarding career is to be passionate about the work being done every day.

Career Opportunities

The most basic step when choosing a career is to keep in mind the factors that are motivating and inspiring. Current job seekers are trying to find a particular niche in the job market that both pays well and offers job security. There are many career opportunities available and it is just a matter of finding such favorable circumstances The search for a fulfilling career should be based on a job that is: interesting; exciting; stirs up personal compassion; evokes the imagination; and provides real satisfaction. One career path that can spark one's interest and be exciting is entering the field of vacuum truck driving for an oil or gas company.

Necessary Skills

Once a decision has made, it is time to take a moment to think about the skills that are required for this type of job and if such skills will have to be acquired. Don't be overly concerned if certain specific skills will need to be learned for this type of work, as a good training program can fulfill most of what will be needed. During training, prospective applicants have the opportunity to decide if this is a job that can truly provide fulfillment and satisfaction.

Qualifications

Generally, applicants must know how to safely load, convey and properly dispose of waste products or brine water that are produced in the oil industry. This waste is not allowed to be released into rivers or other bodies of water because of its salt content that is very toxic to living organisms. This hazardous liquid must be transported by skillful vacuum truck drivers to proper treatment facilities.

To qualify for this position, prospective applicants must have a background in math and science. Such knowledge would include: how to compute the volume of basic sediments in water or impurities contained in crude oil; safety training associated with material handling; a clear driving record; no criminal cases or traffic violations such as speeding, reckless driving or DUI/DWI convictions; and a Class-A Commercial Driver's License (CDL).

There are many careers available that are right around the corner. Finding one is simply a matter of research, having a positive approach towards safety, acknowledging strengths, and having the will and positive attitude to discover and learn a new set of skills. Having driving experience can be the start of a new career and a better future. In fact, an oilfield vacuum truck driver could be an occupation that is not only very interesting, but one that also provides personal meaning and fulfillment as well as providing an opportunity for personal growth!

Monday, November 19, 2012

Ombudsman Can Resolve Your Income Tax Issues

To resolve Income Tax related tax issues of the taxpayers, the Government has created office of Income-Tax Ombudsman. The officer designated as Ombudsman hold independent jurisdiction and work as autonomous authority.

The Government has so far set up twelve offices of Ombudsmen. They are stationed in Mumbai, Pune, New Delhi, Ahmedabad, Chennai, Bangalore, Kolkata, Hyderabad, Kanpur, Chandigarh, Bhopal and Kochi.

The jurisdiction of the ombudsman is highly restricted; however, they can help the taxpayers in resolving issues such as
(i) Income Tax Refunds matters.
(ii) Refusal to acknowledge letters / communications sent to the department.
(iii) Erroneous demand matters / assets attachments causing harassment to assessee.
(iv) Scrutiny selection procedures and failure to communicate reasons thereof.
(v) Cases related to interest waiver, rectification applications, appeal effects etc.
(vi) Release of books of accounts and asset after the completion of the proceedings.
(vii) Issues relating to refusal to allot Permanent Account Number.
(viii) Tax credits and adjustment relating to TDS.
(ix) Conduct of proceedings beyond working hours at the IT offices.
(x) Impolite behavior of the officials.
(xi) Matters concerning circulars of Central Board of Direct taxes about the Income Tax administration.

However, the ombudsman will not interfere in the proceedings if the issue requested to be settled is already under an appeal, revision, reference or writ.

Application to Ombudsman The Ombudsman reconciles disputes / issues between the department and assessee. The decision of Ombudsman is referred as Award'. The application to resolve an issue can be filed by the aggrieved assessee himself or through his representative. The application should be signed by the taxpayer or his legal representative bearing the name, address and permanent account number of the complainant. The application should also state the details of the official against whom the complaint is filed. The reasons for the application of complaint should also be mentioned therein. The necessary documentary evidence can also be submitted along with the application. The application must contain the details about the date on which the assessee first complained to the income-tax authorities and its result. The application can be filed through personal submission / post / E-Mail. E-Mail complaints can be signed at the time of proceedings in the office of Ombudsman.

As a prerequisite, the applicant must first prefer compliant to higher authorities of the official being complained. The assessee must wait for at least 30 days for the action of the superiors before approaching the office of Ombudsman. Assessee should also restrain from filing compliant which is frivolous or vexatious.

The complaint should be filed within one year from the date of the reply of the department to his representation. If no reply is received, it should be filed within thirteen months from the date of representation to the Income Tax Authority.

On receipt of the complaint, the Ombudsman will send a copy of the same to the concerned officials and try to reconcile the issues through mutual understanding of both the parties. If amicable settlement is not working then, Ombudsman can pass a decision called Award. The award should be in line with the documents available on record and the tax laws. The Ombudsman can also instruct the concerned officials to release payments and also to apologize to the taxpayer. Ombudsman can also award monetary compensation upto Rs. 1,000.00. The Income-Tax authorities are given one month's time for the implementation of the award.

The compensation amount which is subject to a maximum of Rs. 1,000.00 is paid by the Income tax department out of the budget allotted.

The decision pronounced by the Ombudsman should be accepted by the I-T department. However, to comply the order, complainant must send his acceptance to the order within 15 days of the receipt of the award letter. Otherwise, the award shall lapse and be of no effect.

The ombudsman keeps record of various taxpayer problems. The information is periodically submitted to the Central Board of Direct Taxes and the Finance Ministry. Ombudsman also reports to the CBDT about the officials found to have defaulted in their regular duties.

Details of Ombudsman offices
1. Delhi: 011, Room No 251, Central Revenue Building, I.P. Estate, New Delhi-110002, E-Mail: delhi-
2. Kanpur: 0512 (U.P&Uttarakhand), 110/25-26, 80 Feet Rd., Kanpur, E-Mail: kanpur-
3. Kolkata: 033, Aayakar Bhawan, P-7, Chowringhee Square,Kolkata-700069, E-Mail: kolkata-
4. Mumbai: 022., 115, Mittal Tower, B-Wing Nariman Point, Mumbai-400021, E-Mail: mumbai-
5. Kochi: 0484, Income Tax Ombudsman, 7th Floor, Kera Bhavan, SRV H.S. Rd., Cochin-682011, E-Mail: kochi-
6. Hyderabad: 040, Room No. 819, Aayakar Bhawan, Basheer Bagh, Hyderabad-4, E-Mail: hyd-
7. Chennai: 044, Income Tax Ombudsman, R.No. 317/319,3rd Floor, Aayakar Bhawan, 121, Mahatma Gandhi Road, Nungambakkam, Chennai-34, E-Mail: chennai-
8. Bangalore: 080, 4th Floor, A' Wing,Kenderiya Sadan,Koramangala, Bangalore-34, E-Mail: bnglr-
9. Ahmedabad: 079, Room No. 104, 1st Floor, Nature View Bldg.,Ashram Road, Ahmedabad-380009, E-Mail: ahmd-
10. Pune: 020, Aayakar Bhawan, 12, Sadhu Vaswani Road, Pune 411 001, E-Mail: pune-
11. Chandigarh: 0172, C.R. Building, 3rd Floor,Sector 17E, Chandigarh, E-Mail: chd-
12. Bhopal: 0755, E-7/511, Income Tax Guest House, Areara Colony, Bhopal-16, E-Mail: bhopal-

The Author, CA A. K. Jain, can be contacted at, 21, Skipper House, 9, Pusa Road, New Delhi 110005, Mobile No. 98-100-46108, E-Mail:

Saturday, November 17, 2012

Some Facts About Lifestyle Management

To understand lifestyle management, firstly you need to understand the different components of it. For example if lifestyle can be defined as the art of living, then it would include preferences, culture as well as attitude of the group. There are a verity of lifestyles that include rich, poor, faithful, homemaker and many more.
Management on the other hand can also be termed as managing of the process or supervising the things by taking charge of it. Usually management does bring up an idea who oversees some operations, but in fact people on a daily basis do manage their professional as well as personal life simultaneously.

Therefore, the conclusion is lifestyle management can also be explained as managing one's lifestyle. This lifestyle managing does include the balancing act between the personal and professional issues of life. Now a day's people tend to work more than usually they were used to work. It often gets reflected with the lifestyle habits they deal with on a daily basis.

So here comes a very complicated question of how to manage a lifestyle with very less headache? The key to this question is the lifestyle management companies. These companies help individuals to take care and manage specific tasks so that the task can be completed in a much more enjoyable manner. The lifestyle management company does allow you to hand over your task to someone else.

By handling over the tasks to the lifestyle management company, people would have ample of time to spend with their family and friends without any undue stress. With summer months coming, it can be very much stressful to plan for a vacation. But it gets easier if the planning part is being given to the lifestyle management team to deal with, so that you can enjoy the summer camps stress free.

For small business owners lifestyle management companies do provide freedom to enjoy the life by maintaining a perfect balance between professional and personal life. For example a real estate professional might choose administrative duties to be handled by the lifestyle management companies, leaving enough of time for the other tasks.

That reason for a higher demand in lifestyle management companies is because of the busy schedule in our daily life. To manage the time as well as the stress levels makes a life overall happier. Lifestyle management companies do help people to utilize their resources effectively so that you can live your lifestyle at full fledged.

Monday, November 12, 2012

Damac Properties Launches $1.0bn Complex In Dubai

Dubai property development company Damac Propertiesaon March 6 launched a .0 billion complex dubbed Damac Towers, gulf-focused web portal emirates247.com reported. The complex will comprise hotel and branded service apartments distributed across four towers.

New towers for Dubai's skyline

Encouraged by the renewed confidence in th eDubai property market, real estate developers in the emirate have announced a record number of new projects since the start of 2013. High-profiled project launches have been announced by some of the emirate's biggest developers such as Emaar Properties, Meraas and Nakheel. The Damac Towers hotel and branded serviced apartments complex, which will be developed by the privately-held real estate developer Damac Properties in collaboration with Paramount Hotel & Resorts, is the latest in this line of new launches. It aims to add another four towers to the already busy skyline of Dubai. Rising over 250 metres each, the four towers will comprise 540-room Paramount Hotel & Residences and over 1,400 service apartments in Damac Maison, a Paramount co-branded serviced hotel residence. One of the towers will be reserved for the Paramount Hotel & Residences and will be managed by Paramount Hotels and Resorts, while the other three towers will be managed by Damac Maison, the hospitality arm of the Dubai property developer.

This is not the first project the company has announced so far this year. Last month, Damac Properties launched two towers - in Dubai and Riyadh - for the development of which the company will be partnering with Italy's Fendi Group
The launch of the Damac Towers complex was announced at ITB Berlin, a leading travel trade show, by Damac's managing director Ziad El Chaar who spoke enthusiastically about the project and the collaboration with Paramount. He said that the company will follow the production process pioneered by Paramount to design and create a world-class experience. His enthusiasm was shared by Thomas van Vliet, CEO of Paramount Hotel & Residences, who said that the complex will offer the typical unmistakable Paramount experience. The guests in our audience will be led on a journey that delights the eyes and engages the emotions, he said.

The development of the project is estimated to cost.0 billion. The project should be completed by 2015, the developer said.

Wednesday, November 7, 2012

Tips on How to Make Use of Indoor Dryer Vent?

Overall of this technological society and scientific researchers are quite busy to bring about people convenient at the same time to lessen the dealing time of routine schedule both at home as well as at office. Such endeavor has bestowed arrival to out door, dryer vent and indoor dryer vent machines.

Earlier than continuing indoor dryer vent evaluation, it is advisable to possess a bird look around its background and requirement.

As most people understand, it is man's instinct to discover easy and time saving strategies to his or her business office and household regular tasks. The services we've been taking advantage of starting from household ware to higher technological systems are certainly the results of this human instinct.

Most people are aware that garments or attire we wear requires enough time to dry after washing and knowing that too depends of climate situations. Wait and Reliance, are this sort of factors nobody likes. This has lead to the advent of fabric drying out equipment known as dryer and then to indoor dryer vent.

This machine dries the wet apparel in moments and saved manual effort and time. But it surely experienced one serious disadvantage or gloomy outcome, whenever used gives out hot and poisonous air. Simply because, it really works on principle to heat water soaked in the dresses, that evaporates subsequently and clothes are noticed dried out.

These kinds of hot vapors include harmful toxins as well as lint that bring about, the indoors environment highly humid, hot and unsafe for human health. This excessive heat may cause fire hazards too. Because of this, it gets to be mandatory to port away this damp, hot and harmful environment. Indoor dryer vent and outdoor dryer vent came into picture as crack towards the problem.

Now as indoor dryer vent review we are going to brighten varied elements regarding indoor dryer vent. Dryer vent is, such an apparatus attached to outlet of fabric dryer that sucks in the shed hot vapors and delivers into a hose with an acceptable pressure to exude them out.

Principally, this specific perilous air should be thrown out outside climate at an overhead level. The same is done, regarding outdoor dryer vent. The hose pipe is linked to an outdoors unit through a compact window that lets out merely the supplied air and doesn't allow exterior air to get in by way of it.

If your vicinity conditions do not support a backyard dryer vent, the indoor dryer vent may serve the purpose. Indoor dryer vents are available in numerous sorts. As you may know the dryer outlet bears moisture, heat and lint. A type of, indoor vent is placed near to the drier unit and also filtration equipment is connected to the hose tubing that condenses a few moisture and heat as well as the lint nearly wholly.

These types of indoor dryer vent units cost smaller, in comparison to, the outdoor dryer vent. However, these units draw in far more maintenance, which includes cleansing of tubing and filter, for lint that deposit within and limits passageway for air after a little function.

A different type of indoor dryer vent includes a container that is stuffed with water plus the deplete hose pipe of dryer is attached with it. The lint hovering with the exhaust hot air soaks water and it is busted inside the tub. Merely wetter and hot air is spread in the room. These types of indoor dryer vent units are suitable for flats and are recommended.

Monday, November 5, 2012

John Locke's Enlightenment Influence On The U S Constitution

The social contract theory of John Locke provided the philosophy and source of governing authority for both U.S. Constitution and the Declaration of Independence. Jefferson borrowed freely from Locke's phraseology.

John Locke laid out the social contract in the 5th paragraph of the chapter entitled "Of the Beginning of Political Societies" in his "Second Treatise on Government". There he states that the will of the majority is the only source of authority for civil government. God and His law are ignored.

"And thus that which begins and actually constitutes any political society is nothing but the consent of any number of freemen capable of a majority to unitethis is that, AND THAT ONLY, which did or could give beginning to any lawful government" [John Locke, Second Treatise of Government (New York, NY: The Liberal Arts Press, 1952), p. 56]. This is the heart of democratic social theory -- note the conspicuous exclusion of God and the ruling authority of His Word.

Under the Lockean model the people contract with one another to ordain a civil government. God and His law are not Party to the Contract. The Preamble of the U.S. Constitution clearly adopts this model: "We the people of the United States . . . do ordain this constitution for ourselves and our posterity." God is snubbed, and Article VI, Section 3 forbids requiring an officeholder to swear allegiance to God.

The Bible contradicts Locke's ascription of power to the majority. Romans 13:4 states that "there is no power but of God. The powers that be are ordained of God."

Locke's factionalized, pluralistic society is doomed to rip itself apart. God judges the society that fails to acknowledge the supremacy of Christ. Anarchy ensues.

Without the living and true God and His law there can be no justice. But contrary to popular Christian opinion, the founding fathers never appealed to the Bible. There is only one substantive reference to Scripture in the four-volume set of notes compiled from the Constitutional Convention.

The Federalist Papers, written in defense of the Constitution, make no reference to the Bible. Having spurned God's law, the founders were forced to employ Social Contract of John Locke and so-called natural law.

When Adam fell, he was expelled into a darkened world that fell with him. Man's fallen mind cannot correctly interpret the fallen creation. "For the creature [creation] was made subject to vanity, not willingly, but by reason of him who hath subjected the same in hope" (Rom. 8:20). Looking for justice in the "law of nature or "natural law" is an exercise in futility in a fallen world.

The Founding Fathers opened the door for their posterity to arbitrarily reinterpret the vague social contract articulated by John Locke. As our current desperate plight indicates, the Constitution cannot shield us from social, economic, and political devolution.

For More Information

Friday, November 2, 2012

Boardwalk Auto Group

Some individuals opt to own a car, while some individuals opt to lease. It all comes down to the individual and his personal needs. Differing from popular belief, leasing isn't 'renting' a vehicle. Both auto lease loans and auto buying loans are 2 separate means of auto financing. Leasing a car simply means one is financing the utilization of it and when he gets an auto loan, he is financing the acquisition of the car. When choosing whether to lease or buy, one would want to think about all of his options. Both owning and leasing come with advantages and disadvantages. Eventually, it depends on what one feels is best for them.

According to Brian Ongaro, VP of Marketing and Sales for Boardwalk Auto Group, with regard to buying a car, one pays for the total cost of the automobile, no matter how long he keeps it or how much miles he puts on it. Monthly expenses are higher than when one leases a car. When one buys a vehicle, he makes a down payment, compensate the sales tax & then pay for the rest. At times, one could include tax and a down payment into his loan. One's interest rate would be ascertained by his loan company. Sooner or later, one might decide to trade in or sell his car for its downgraded value.

If one decides to lease a car, he would only compensate for a fraction of the automobile, which is the part one would utilize during the time he has it. Quite often, one doesn't have to pay a down payment when he leases and his tax is included in his monthly costs. There might be other fees he would be obliged to pay that he will not need to pay if he buys his car like a security deposit and lease fees. At the end of one's lease, he could either return the car or buy it at a predetermined resale price.

The price of monthly lease can be much less in comparison to the price of owning a new car. For the same vehicle, same down payment and same price, monthly costs could be much less than loan costs up to sixty percent lower. But the long-term charge of leasing would be substantially higher than the price of purchasing.

The main things to think about when one decides between buying and leasing, especially luxury cars such as Porsche, Ferrari, Maserati and Lamborghini, is one's personal preferences. If one likes to drive a new vehicle every two to three years and he wants lower monthly expenses, leasing might be ideal. Just bear in mind, there's a particular number of miles one would require to stay under when leasing and he would need to keep his vehicle regularly maintained. If one doesn't mind higher auto payments, and he prefers to develop some equity in his car, then buying may be for you.

Do you want more information regarding the benefits and downsides of either buying or leasing a car? Well, just look for Brian Ongaro and his team at Boardwalk Auto Group to know more.

For more information on Brian Ongaro and the latest automotive industry updates visit

For more information on Brian Ongaro and the latest automotive industry updates visit