In the UK, you can lease or purchase a vehicle depending on your preference. While many people prefer to buy a car, some prefer leasing and paying monthly rent or fees. Different vehicles are calculated differently, based on the year, make, model, and miles travelled. Most people also choose depending on how much money they’ve saved up.

Personal Contract Purchasing (PCP) finance and Personal Contract Hire (PCH) are excellent methods to become more mobile. Both options offer great chances to drive a brand new car without paying for the entire amount outright or with cash.

Cars come with several liabilities like taxes, insurance, and paying for parking. While it is mandatory to pay a fixed price for government taxes, insurances, and more, you do not need to stress about parking anymore. It is easy to book a convenient, safe, and secure spot at affordable hourly, weekly or monthly rates with YourParkingSpace.

Let us look at whether you should lease or buy your next car.

Before we start, there are a few similarities between PCP and leasing. These similarities are:

• Mandatory deposit required
• Fixed monthly payments offered
• Limits on mileage
• Excess mileage charges
• Payments usually include the warranty, breakdown, road tax, and delivery

Let us look at each in detail.

Personal Contract Purchase (PCP):

A PCP is like a car loan, but owners only borrow a small amount equal to the difference between the car’s current value and expected value at the end of the contractual agreement. There is a mandatory deposit, but these amounts are flexible and pre-decided by the car dealership and the car owner. Many times, there is no deposit. However, putting down a decently-sized amount can make the monthly car payments much lesser in the long term.

PCP terms are pretty flexible too. The usual payment terms are based on a duration of two, three, or four years total. However, most people can pay it off earlier depending on the agreement terms with the dealer. At the end of the period, you can also choose to make balloon payments to fully own the car. If you decide not to own the vehicle, you can finish the payments according to the terms and simply return the car. You are not under any obligations to own the vehicle once you’re done using it and making the payments.

Many times, PCP has the servicing and maintenance included in the deal. However, there would also be an additional allowable mileage allowance. You could be charged if you cross those limits.

Personal Contract Hire (PCH):

Personal Contract Hire (PCH) or leasing is nearly always done for new cars. Many times the ticket prices on these cars can be lower than PCP and cash deals. This decrease in the rates is because leasing companies purchase cars from manufacturers at heavily discounted rates. They then pass on the savings to leasing customers to make the offer more lucrative.

While most of the conditions between PCP and PCH are the same, the main difference is that you cannot make a balloon payment to own the car at the end of the term. You must return the vehicle once the terms are fulfilled. Most people who enjoy changing cars every few years and like to drive newer models opt for PCH options so they can keep experiencing the thrill of driving newer models and varieties of vehicles.

However, the leasing company runs a thorough credit check on the borrower, and the payment terms could change based on the credit ratings. You would require a good credit score to get approved for lower monthly payments.

Like PCP, PCH also requires an upfront deposit with a series of regular monthly instalments or payments and usually has a mileage limit. Crossing the limit could attract additional charges.

Is Leasing Or Buying Better?

From an investment perspective, you have nothing to show at the end of the lease. However, PCH allows you to use brand new cars at a much lower price. If you purchased such expensive cars, the down payment and loan instalments would probably be much higher. Leasing also makes sense for cheaper, smaller utility cars to run errands, chores and drive the kids to school.

PCP options are suitable for people looking to make an investment. At the end of the term, the car ownership can get transferred with a sizable payment. However, you must also include the depreciation costs and run a cost vs value analysis.

You could opt for either PCP or PCH, depending on the reason for needing a car.

If you are looking to advance your career, one of the first steps is to ensure your skills fit the positions you are applying for. Have an understanding of the areas that make you a more effective employee. Knowing more about these areas can help you develop them.

Gaining these skills

If you are trying to grow in your career, you might wonder where you can get the needed skills. One way of getting these skills is to go back to school. Not only will having another degree look good on your resume, but you can also learn these essential skills. If you are thinking about going back to school, you can take out a student loan from a private lender to help cover the cost. With Earnest private student loans, they can cover what your savings might not be able to.

Managing your time

The ability to multitask, manage your time, and meet deadlines allows you to not only improve your employability, but to be more productive while at work. Knowing how to do these things can also reduce job stress and allow you the time you need to work on both career development and other projects at work. There are several ways to improve these skills. You can use applications or software to help you stay on task, make a to-do list, and set reminders on your computer or phone. Try to manage your work schedule carefully and track how much of your time is spent on what. You should determine whether this schedule meets your needs and goals. If you are working while getting your degree, you will be forced to manage your time even better.

Customer skills

Being able to work well with customers allows you to benefit a company since it positively affects the company’s reputation. It also ensures the company receives more customers in the future. Even if you don’t directly deal with customers, these are useful skills to have. Even when working with coworkers having these interpersonal skills will help you immensely. You can boost your knowledge in this area by mimicking or shadowing a coworker who is known for their ability in this area. you might have a manager or supervisor to practice interactions with you. They can also explain how to handle certain situations that might come up in your job. There are also online courses that help you become stronger in this area, and you can even work with a coach.

Working on a team

Being able to collaborate with your team allows you to reach your objectives and solve problems more quickly. Often, working with a group allows you to get much more done than if each person was working on their own. Plus, it allows you to better split up the workflow and make the process smoother. Interpersonal abilities will help you interact and communicate with both coworkers and customers. It helps you be a better team member and you can improve them by observing how others interact and then mimicking them. You can also work with a coach to help you gain even better knowledge in this area.

Suffolk, a county in Eastern England with 700,000 inhabitants, is a popular place for visitors and vacations. However, the last year cost the tourist industry in the county and other parts of East Anglia huge amounts of money.

Thousands of jobs were eliminated as well. Although Suffolk offers a beautiful landscape and an interesting cultural history, the tourists stayed away during the pandemic. Nevertheless, as this article will show, the conclusion drawn from these results is not too negative for some people. Moreover, we inform about why Suffolk is worth visiting.

Restricts travelling

According to Visit East of England, the value of the tourist industry sank from 2.1 billion pounds to 885 million pounds, which amounts 59 percent loss of revenue.

Similar results are visible in Norfolk, where the value of tourism shrunk by 56 percent. The dramatic impact of the last year enhances the major relevance of tourism for employment and the economy. Apart from losses regarding day-trippers and people staying for vacation, jobs in the tourism-related field were cut from 44,498 to 25,840 in Suffolk.

Nevertheless, tourism bosses are optimistic in thinking that the branch can survive the current situation and grow back to its former relevance and scope after the pandemic ends. Since the businesses were able to open at least for half of their regular time, some affected people claim that things could have gone much worse.

Moreover, safety measures and restrictions as well as multiple lockdowns resulted in financial losses, but the survival of many businesses under these hard circumstances can also be seen as positive. The chair of Visit the Boards, Mary Sparrow, argued: “For most businesses, 2020 was not about making profit but remaining in business and a significant majority achieved this – and did so whilst implementing new safety measures to ensure all guests were good to go and safe.”

Financial funds from the government were also given to small businesses to help them survive the difficult situation. Hopefully, Suffolk will be able to welcome many tourists again when the pandemic situation improves.

Tourist attractions in Suffolk

When visiting Suffolk, one definitely needs to stop at Clare Castle. The ruin is surrounded by a beautiful park and testifies the history of Richard de Clare, a Norman conqueror before it became the property of the crown family and slowly decayed.

Ipswich Museum is definitely worth visiting. Among other interesting historical artifacts, it hosts a Victorian treasure chamber that was not used until the twenty-first century.

Next to interesting sites, impressive beauty and interesting history, Suffolk is available for gambling. Luckily, the casino laws are not fairly strict in the UK. Rather, almost every kind of gambling is legal. The possibilities in this sector are endless. Ranging from the most popular aspects, namely horse racing at Newmarket, to playing in land-based casinos and online betting with the best bookmakers. Internet providers for betting cover every form of casino games, such as poker, blackjack and roulette, as well as betting on football, horse racing and other sorts of events. All this can be enjoyed by the comfort of your home, which is another benefit while travelling options are restricted.

Landscape and history of Suffolk

Generally, Suffolk has a lot to offer. Its landscape mainly consists of lakes, rivers and marshland, since the county lies just above sea level. Several heaths and natural reserve areas are perfect for hiking and enjoying the beautiful terrain.

Present-day Suffolk arose from the southern part of the kingdom of East Anglia, which the Angles had founded in the 5th century. The division into Norfolk and Suffolk probably took place in the 11th century, and since then Suffolk’s boundaries have hardly changed, except for the manageable loss of land caused on the coast by the action of the elements.

From 1888, however, there were two separate administrative units, East Suffolk and West Suffolk, which were not reunited as one county until the Local Government Act of 1972. Those aspects can be learned about in the museum of Suffolk. All in all, the county in East Anglia is an interesting area that witnessed historically important events. Its landscape and attractions are definitely worth visiting as soon as the worldwide situation improves.