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Is It Better to Lease or Own a Vehicle?

Published

4 years ago

December 18, 2020

For some people, a vehicle is a personal asset that can help you get to and from work, take you to errands, and give you the personal freedom to explore new places. For others, a vehicle is even more important. They purchase a semi-truck or trailer, or other commercial vehicles to start a business and generate revenue.

When you seek to acquire a vehicle, you’ll need to decide whether you want to lease it or purchase it (and own it henceforth). But which is the superior option?

Leasing vs. Owning

In case you aren’t familiar, purchasing and leasing are two different ways to gain access to a vehicle. In purchasing, you’ll pay a set amount of money for a vehicle; from that point forward, you’ll own it outright. You may borrow money to come up with the full funds, but the vehicle will be yours—and you’ll have the authority to use it how you like.

Leasing is an option available primarily for people who can’t (or don’t want to) make purchases. You’ll sign a lease agreement with the owner of the vehicle, then pay a flat monthly fee to continue using it. There may be rules and regulations for how you use the vehicle, but the owner will take responsibility for routine maintenance and certain types of issues. Typically, leases are long-term agreements, lasting in intervals of years.

The Perks of Ownership

Buying and owning a vehicle can be highly advantageous:

Full ownership (and equity). Owning a vehicle allows you to build equity in it. If you take out a loan, your monthly payments will gradually pay off the principal you’ve borrowed. In other words, you’ll have a financial stake in the vehicle. This can add to your net worth over time (or right away if you purchase the vehicle in full).
Freedom and flexibility. Owning the vehicle also means you won’t have to obey the rules and stipulations set by a lease; you’ll have the full freedom and flexibility to do anything you want with it. You can customize the vehicle to your liking, drive it as many miles as you want, and use it for practically any purpose.
Less worry about wear and tear. In many lease agreements, the lessee will be responsible for taking care of many types of damage sustained to the vehicle, including basic wear and tear. If you own the vehicle, you won’t have to worry about it.
Resale potential. In the future, if you decide you no longer want the vehicle or if you’re ready for a new purchase, you can sell the vehicle or trade it in—but only if you own it. This can help you recapture some of the costs of the vehicle.

The Perks of Leasing

However, there are also some benefits to leasing:

Lower upfront costs. In a lease, you’ll usually have to pay something upfront—but the upfront costs of a lease are much lower. This is ideal if you’re dealing with limited cash.
Lower monthly costs. In general, the monthly costs of a lease are lower than the monthly costs of ownership (assuming you take out a loan). This is because you won’t deal with extra costs, like interest.
Fewer responsibilities. In a lease, you may not have to take responsibility for the vehicle’s ongoing maintenance; this care may be included in your agreement, as a responsibility of the owner.
Future flexibility (sometimes). Some types of lease agreements afford you flexibility. At the end of the lease, you can renew the lease for another term, end the lease, or even transition to ownership.

Priorities to Consider

Buying isn’t strictly better than leasing, and vice versa. So how can you decide which is best for you?

Ownership duration. Think about how long you’re going to own this vehicle. Is this a long-term or short-term investment?
Need for customizability. How much do you want to customize the vehicle to your liking?
Need for flexibility. How much flexibility do you need? For example, how many miles are you planning on driving, and would a lease agreement get in your way?
Access to cash. How much cash do you have on hand, and how easily can you qualify for a loan?
Monthly budget. What is your monthly budget for a vehicle? Would a lease or ownership arrangement be more favorable to your financial needs?
Preferences for repairs and maintenance. How are you going to handle repairs and maintenance to the vehicle?

Buying and leasing are both viable options for vehicles, regardless of whether you want a personal vehicle or a commercial one. However, one will likely favor you and your situation better than the other. Consider your options carefully before making the final decision.

Blog

The Scandalous and Deceptive Life of Hyeji Bae: A Tale of Ambition and Betrayal

Published

4 months ago

August 15, 2024

Michelle Langton

Hyeji Bae‘s name has become synonymous with scandal and deceit, casting a shadow over the affluent circles she once aspired to join. Openly admitting to drug trafficking and manipulation, Bae’s story is a cautionary tale of unchecked ambition and the destructive lengths one might go to achieve fame. Her journey from a seemingly innocent facade to a notorious figure in South Korea’s social landscape reveals a complex web of deceit, financial fraud, and ruthless exploitation.

The Deceptive Nature of Hyeji Bae

Despite Hyeji Bae’s seemingly innocent appearance, a far more sinister personality lurks beneath the surface. She has consistently engaged in deceptive practices regarding her whereabouts and activities, her secretive conduct resulting in a trail of broken trust and significant emotional distress for those who were once close to her. Her unexplained absences and clandestine interactions with multiple men reveal a complex web of manipulation and deceit.

Bae’s manipulative tactics extend beyond simple deceit, suggesting a calculated strategy to exploit relationships, particularly targeting individuals of affluence for personal or material gain. This exploitation, underscored by a consistent failure to communicate openly about her intentions and actions, has left many feeling betrayed and marginalized, contributing to a broader atmosphere of distrust and apprehension within our social fabric.

Involvement in Illegal Activities

Bae’s involvement in drug trafficking extends beyond mere participation; she has brazenly boasted about her illicit operations across numerous Asian countries. Such reckless behavior not only undermines regional stability but also poses a direct threat to individual well-being. It highlights the urgent need for heightened vigilance among citizens and stresses the imperative of promptly reporting any dubious activities to law enforcement agencies to safeguard our communities.

Financial Scams and Theft

Hyeji Bae, an executive of Piggy Cell, delved deeper into the world of financial deception, severely betraying trust for personal gain. Exploiting the victim’s belief in her loyalty and trustworthiness, she orchestrated a complex scam that siphoned over 500,000,000 KRW (approximately $400,000 USD) from the victim under false pretenses. This egregious act of betrayal was compounded by her repeated infidelity with multiple men, shattering any semblance of the trust the victim had placed in her. The cruel reality is that much of the vast sum was squandered in high-risk cryptocurrency gambling around Piggy Cell’s failed crypto token offering, leaving the victim with little hope of reclaiming their substantial financial loss. Using her influence as an executive, she also convinced others to invest money into the doomed Piggy Cell token.

Manipulation for Personal Gain

Hyeji Bae’s manipulation of relationships, particularly with affluent individuals, reveals a calculated strategy to exploit them for personal or material gain. Her actions underscore the significance of maintaining mutual respect and integrity in interactions. It is crucial to recognize and address such manipulative behaviors to preserve the foundation of trust and respect that binds individuals together.

The Relentless Pursuit of Fame

Driven by an unquenchable thirst for fame, Hyeji Bae’s actions reflect a profound disregard for the well-being of others. Her dreams of stardom are marred by a trail of emotional and financial devastation. Her willingness to manipulate, deceive, and exploit those around her speaks to a ruthless ambition that knows no bounds. Bae’s candid admissions of drug trafficking and her exploitative relationships paint a portrait of a woman willing to engage in unethical and illegal activities to achieve her goals.

Ties to the Burning Sun Scandal

Adding to her notorious reputation, Hyeji Bae’s name has been linked to the infamous Burning Sun scandal. Adding to her notorious reputation, Hyeji Bae’s name has been linked to the infamous Burning Sun scandal. Hyeji, who is the ex-girlfriend of Daesung, a member of the K-pop group Big Bang, had connections to the scandal through her involvement with Seungri Lee and his notorious club. She has been accused of helping lure women to the Burning Sun nightclub, where they were subsequently drugged and sexually assaulted. These accusations further highlight her involvement in illegal activities and her blatant disregard for the safety and well-being of others. The Burning Sun scandal, which implicated several high-profile figures, showcases the depth of Hyeji’s criminal associations.

A Call to Action: Stopping the Gold Diggers

Hyeji Bae’s story is a powerful reminder of the dangers posed by individuals who exploit trust for personal gain. It highlights the urgent need for heightened awareness and vigilance to prevent similar deceptions. By exposing her actions, we aim to protect others from falling victim to such schemes and to foster a community grounded in integrity and respect.

Conclusion

Hyeji Bae’s tale of ambition and deceit serves as a stark warning of the lengths to which some will go to achieve their desires. Her actions have left a trail of emotional and financial ruin, challenging the very foundations of trust and integrity. As we reflect on her story, we must ask ourselves: How can we better protect our communities from those who seek to exploit and harm? Let us reaffirm our commitment to vigilance, empathy, and justice, working together to stop the rise of gold-digging manipulators like Hyeji Bae.