Should We lease or buy a car Essay Example | Topics and Well Written Essays - 2000 words

Should We lease or buy a car - Essay Example The total costs incurred in the three options analyzed form the basis of the choice preferred. As can be seen from the analysis, the buying option based on the chosen parameters and values is better considering especially if a higher deposit is given. It is recommended that one buys the car by paying a higher deposit amount. Should we lease or buy a car? This is the managerial question that the company seeks to answer. Buying or leasing is a very familiar question in the present age. In the United States, leasing accounted for close to 42 percent of the total new cars purchased in 2000. It is important to note that the number is increasing at a considerable rate. It is estimated that more cars that are new will be leased in the future. Leasing is defined as the process renting for a particular period or amount of time. As a result, the individual pays only a portion of the item value and not its total value. Majority of the automobiles are leased and the lease generally lasts for 2 to 5 years. The individual or the organization puts up the initial security deposit and it is generally a one to two months advance lease expense (Royale Management Services, 2001). There are several benefits of buying or leasing a car. Benefits to buying include lack of restrictions as to how many miles per year the car can be driven, the car can be sold because it has some residual value, and the absence of insurance issues linked to premature termination. Other benefits include that the car be treated in any way the individual or the company wishes this were because there are no turn-in issues associated with the residual value. If an investment type loan like home equity is utilized to finance the purchase of the car, the interest charges can be deducted on the individual’s or the company’s tax return (Royale Management Services, 2001). Benefits to leasing

Green energy Essay Example | Topics and Well Written Essays - 1000 words

Green energy - Essay Example However, the ongoing debates have led to the rise of people against green energy. Critics who claim that green energy can only be technically achieved rather than being achieved in real life. Green energy can be harvested from natural sources such as the sun, wind and tidal waves in seas and oceans. Scientist has proven the use of green energy technically possible. However, how will the public take the new technology on green energy? That question has caused mixed reactions in energy debates globally. Not all people in the society may accept green energy. The producers may go ahead and produce green cabs and cars but who will buy them? Most people prefer buying vehicles that they have been used to rather than those using green energy such as electricity. In some cases, since they have not undergone massive tests, they do not work as to the set standards and conditions. For example, one may purchase a green vehicle to help in solving the global warming change but he/she makes a very s mall fraction of the whole population globally. These ideas are mostly generated in developed countries and introduced to markets in the same countries. However, in the second and third world countries, the problem of pollution is still a menace. Industries and production firms that produce poisonous gases into the atmosphere leading to global warming may not make their ways in developed countries but in the third world countries. Legal and economic structures in these countries are not stable like those found in the developed countries. This means that with all the ideas, there are no enough implementation plans that backup technology. For example, due to inappropriate leadership styles in underdeveloped countries, factories and industries may continue polluting the environment. This at times happen in the presence of strict warning and fines but due to corruption they continue producing. This means that the use of green energy is realistically impossible. There is an