Knowledge Festival

Mention auto-leasing and most people will automatically assume a low- monthly payment. There is actually more than what meets the eye, and a number of fees are involved at various stages of the lease process. At the beginning of the lease, you have to pay a refundable security deposit, typically equivalent to one monthly payment, to safeguard against non-payment and any incidental damage done to the car at the end of the lease. You are also required to pay an administrative charge, called acquisition fee. Other fees include licenses, registration, title and any state or local taxes. During your lease, and you expected to honour your monthly payment obligations. Any failure to do so will result in late-payment charges. You have to pay any traffic tickets, emission and safety inspections and ongoing maintenance costs.  Ending your lease early will result in substantial early termination charges. At the end of the lease, expect to pay any excess mileage costs, charged...

We all remember the days of the padlock.  When they were first available, they presented a great way to keep your belongings safe.  They were common with lockers at school, with just about every locker having one.  Padlocks were easy to open as well; all you needed was the combination.  Once you had the combination, all it took was three clockwise turns, two counterclockwise, and once last clockwise turn to hit the final number and open the padlock. Although the combination padlock was popular for it’s time, people soon began to realize what happened when they forgot the combination. Combination padlocks were great for those who had a sharp memory although sooner or later forgetting the combination was bound to happen.  Once the combination had been lost, a pair of bolt cutters would be required in order to cut the lock. Shortly after the combination padlock came the padlocks of today – lock and key.  Padlocks that required a key were much easier to use...