Once you’ve retired, experts say it makes less sense to lease a car than to buy it outright.
Here are their reasons:
1.) While lease payments may be lower than purchase payments, over the long run, buying costs you less over the long run. That’s because after you pay off your car (typically in 5 years), you can drive payment free for as long as you care to continue owning the vehicle.
2.) You don’t have to worry about mileage. Typically, when we retire, travel is one of the activities that tends to increase. With a leased vehicle, you pay penalties for driving more than 12,000 to 15,000 a tear.
3.) Should your lease vehicle be involved in an accident that totals the vehicle, you may be liable for an “early termination fee.” You may be able to avoid such a fee by purchasing gap insurance, but that insurance also creates an additional expense you don’t have with a purchased vehicle
4.) Typically, your regular insurance may be higher as well as the leasing agency requires you to carry a higher accident liability than you might purchase if you are buying the car. This is because the lease vehicle is still legally the property of the lease company. If it’s involved in an accident, lawyers for the other party usually go after the lease company, figuring they have “deeper pockets” than the driver. To protect themselves, lease companies require you to carry higher liability insurance.
However, if you’re the type that likes driving a fancier car than you may be able to purchase or if you like having a new vehicle every 3 years or so, then leasing might still be the way to go no matter your age!
You know the situation. You’re calmly surfing the web on your PC or laptop when all of a sudden a big pop-up window appears and a loud voice comes over your speakers warning you that your computer is dangerously infected with a virus or malware. There is just one problem…
Real anti-virus/anti-malware programs do not operate like this. They do not take over your computer with loud voices or screens you cannot close.
Your computer IS in danger – but from the source of the pop-up.
If you get one of these pop-up warnings, here are some steps to remember:
1.) Do NOT click anywhere on the pop-up window
2.) Do NOT take any action the pop-up window is urging you to take (like call a toll-free number)
3.) If possible, immediately closer your web browser.
4.) If that’s not possible, reboot your computer immediately
5.) If all that fails, get your computer to an authorized repair center as soon as possible.