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Do not lease. Big financial mistake for you. (nt)

Posted By: Buy a nice new car, sell in 3 or 5 years. on 2006-05-07
In Reply to: Anyone lease their vehicle? Need pros and cons please - sm - confused




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We lease
It's a version of living beyond your means.



"Lease payments are much lower than buying" talk about needing instant gratification! Leasing per mile is always more expensive than ownership. You forget, at the end of the lease, you give the car back. At the end of the same $$ spent in car payments, you could sell the car and get MONEY back.


My husband is also in the car business and although he has a car that is now paid off, we've been leasing my vehicles for over 8 years. I also resent what one of the posters said about living from pay check to pay check and living beyond our means. We do not live beyond our means in any way and if we live pay check to pay check, I'm sorry we aren't as priviledged and as you and your family. You don't know everyone's situation so please don't judge those of us who don't do things your way.


oh, puh-lease. you don't have to QA here. nm
x
puh-lease
I'm sure you weren't the original "just me".  Lots of people use that as their name on here, as well as mtmt, mtmtmt, radmt, happymt, etc.  Due to the way this site is set up it is unavoidable.  If you want to post somewhere where your name is exclusively yours, this may not be the site for you.
Equipment For Lease
Hi! I would be doing part time transcription for two months and would need micro casette transcriber. Does anybody know if there is any company that lease transcription equipment. Thanks in advance.
Lease Equipment
Part-Timer.

Do you need a cassette transcriber. I bought one from ebay that works great. Think it was about $80.00 and never used it. Will sell it to you for the same. Or you can try EBAY.
my email:
ray-m3comsys@cox.net

Hope this helps.

ray
I only lease. I want a new car every 3 years. sm
After 3 years, things need fixing. I have had no problems whatsoever leasing my vehicles. You can even bargain the price and lease amount. Negotiate is the key. I always get the 0 down, 36 month leases and they work out great. Mind you, I have to negotiate hard for the 0 down, but it always works out and the sales people given in.

I am on my 4th leased vehicle 2nd year. By next year, I will be ready for a new car again.


I considered a lease once (sm)
but when I found out my payment would be only $1 different I decided to buy instead. My loan was for the same length of time as the lease, had no "fees" attached, and didn't require a down payment. Make sure you read all the fine print on a lease. They can determine who services the vehicle. They determine "wear and tear" when you turn it in, early termination fees (you never know), and on and on. Any little dent that might be on the vehicle will need to be repaired, either by your insurance or out of your pocket, or they will charge you for it at turn-in. Beward of leasing salesmen that call you after you have already leased the vehicle and try to squeeze cash out of you. I've heard of that scam more than once.

The only way to end up upside down on a loan is to pay more than it's worth to begin with. As soon as you drive a new vehicle off the lot you are upside down on the loan and will be for at least 6-12 months. You'd be better off buying a vehicle from someone else who made that mistake. Not a lease buy-back, but from a private individual who needs to get out of their loan and hasn't driven the vehicle into the ground in a year's time. With a year-old vehicle you can easily determine whether there are major problems with them too, unlike new vehicles where you just hope it's going to be okay. Check epinions.com and read reviews from owners who are already driving that vehicle. Good luck!
I personally like to lease and SM

decide at the end whether I want to keep the vehicle or not (I have low mileage also)...but if you have dogs/kids/heavy wear on the car (burns, stains, scratches, etc.) when you turn the car in they charge hefty fees for rehabbing the car.


I just like to have new cars under warranty, which is the great part about leasing.


System lease or buy?
If I had my own clients, wouldn't I have to make a large investment for a call in system?  Any advice on that?  Also, I did make up flyers and put them all over medical offices and I only got 3 calls and one came to be out of hundreds.
Busy MTg...quesiton for you, lease sm
I read your post that you are on DQS (all my accounts will be on DQS beginning Nov 15; right now, only a few are).

Do you use the DQS expander? I'm asking because I find it just simply dreadful and I use Instant Text, but have only been using IT for a short time and haven't gotten completely used to it.

The transition from MTShell Expander to DQS expander was difficult because the DQS expander doesn't allow for nearly as many expander keys. IT is pretty good, I suppose, but uses a completely different system so that is taking some getting used to.

Just curious as to what expander you use. My expander database is huge, but I'm having to do some major modifications for it to be used to any great degree in IT.

TIA

Regards,
CB
never heard of lease trader, thanks for the tip

I'm hoping to keep payments under 200 though, probably dreaming.


DH has been in car business forever, He says NEVER lease a car.
:+
I alway lease, very 3 years I have a new car. sm
I works for us. I bought 2 cars and by the time 4 years rolls around I am tired of it and want a new one. So, the better option for us is to lease every 3 years. It works great and the payment is much more affordable.

I will always have a car payment as I get tired of the same old thing after a while. So, knowing that, leasing is the best option for me.
I am with you - I lease, love having new car every 3 years. nm
x
See if there is financial aid available,
including work-study and/or grants. If you're developing an injury, please make a change before you become disabled. I worked as a historian in a hand surgery office, and sometimes you have to just stop. Good luck to you.
To those that lease puters from MQ with DQS on them, what brand do they send you? Thx. nm
.
Anyone lease their vehicle? Need pros and cons please - sm
Am considering trading vehicle, and was advised because of the low miles I put on vehicles (under 25,000 miles in 5 years), that I would be better off leasing than buying.  Would appreciate any and all thoughts and things to watch out for when leasing from those of you that have gone this route.  TIA.
Suze Ormon on TV advises to NEVER, EVER lease a car. (NM)
 
If you qualify for financial aid

You might want to consider looking into EVCC. It is a community college that uses the Career Step courseware, but you have instructors and accept Pell Grants and Stafford Loans.


EVCC grads get the same consideration from employers as Career Step grads.


I am having a bad financial hardship
any kind of help, but not enough to seem to get by on.  Oprah has a debt diet and I am going to try it.  Also I recently joined Debtors Anonymous, for anybody with money problems.  I hope it helps, it seems to have so far.  Good luck to both of us.
Does it serve your financial needs?
The main criteria for any job wage would be whether you think it is a fair trade for your skills and will it provide what you need it to financially.

I personally would not work for $15 an hour. However, your needs may be different from mine. I also have other options. You may not.

It is a very subjective question and one that only you can really answer.

Any financial wizards
out there.  Hi guys I am wondering if I could get some suggestions on my 401K.  I am really dumb about numbers.  Give me big medical words and I am fine, but not numbers.  Anyway, we just switched to another financial management for our 401K.  I cannot remember what managed portfolio I had picked years ago.  Would you, in this day age with the way the stock market is, go with an ultraconservative 100%, conservative 20(stocks)/80(fixed), balanced 40(stocks)/60(fixed), balanced 60(stocks)/40(fixed), aggressive 80(stocks)/20(fixed), or ultra aggressive 100% stocks.  Can anyone help me out here?  TIA
This is exactly why my financial advisor said
:)
To any financial wizards out there. SM

Does anyone know about when a company says it has profit sharing what that exactly  means.  Is it the same as them matching the 401K contributions, or is it separate outside of the 401K distribution?  Also, is it usually paid directly to the employee or invested by the employer?


Thanks to anyone who can help.


Financial Assistance???
I am currently a full-time-college-student-but-otherwise-SAHM. Pretty soon we'll be needing more money, but I have neither time nor resources (day care around here is INSANELY expensive) to work outside the home. I've been doing the reasearch and have come to the conclusion that MT is a good job option for me.

The problem is the training is sooo expensive! I mean,if we didn't need the money I wouldn't be looking for the training to begin with--so obviously I don't have $1600-4000 up front for the training. And most of the payment plans I see aren't looking much better--like $1000 up front, $350 every month after that. Right now that's just not feasable.

Are there any MT schools that offer reasonable financial assistance? Or, I'd even be cool with a payment deferment plan or something!

Anybody know of a school that's willing to help the financially strapped?
Do you ever feel the financial crunch?
My house payment and insurance are auto debited from my checking account.  However, work has been so slow and my paychecks have been so puny that I need to get more money in there to cover those.  I've called everyone on the planet that owes me money, but nobody's coughing it up.  I'm the one that posted the other day about the medical company and the IRS owing me money from way back.  I wouldn't have a problem at all if they would just pay me.  I've tried picking up extra work and looking for a new job, but there's nothing anyone can do that would pay today.  I don't want to take my rings to the pawn shop because I don' t think I'd get a whole lot out of them anyways.  Interest on those check cashing loans is terrible, then you get sucked into that cycle of borrowing from them repeatedly.  I've already cut my household expenses back as much as possible.  I'm just so stressed about it all.  Has anyone else ever been in this situation?  What do you do?  I can't stand being broke.
More important to me is keeping my financial

info within the US.  HIPAA allows many uses of unidentiable medical records to be distributed in many ways even within the US, not to mention overseas.  There is no law that keeps my financial information confidential and within the boundaries of the US.  Very little truly identifible information to connect medicall record A with a particular person other than by name is sent anywhere, even to MTSOs within the US. 


Who wants my medical information?  The College of Surgeons to help them identify ethnicities and trends in cancers, the AARP to help target demographic groups for products they sponsor and to "represent" when they pay their professional lobbying group in DC, the auto industry to decide my premiums, and on and on.


I got a Walmart credit card, was 7 days late in sending in my $10 minimum payment and got a call from India for collections.  ????  Mailed in the account balance and closed the account.  Then called all my credit companies to find out where their call centers were located.  I now have only financial business with companies who keep my records in the US.  That is my choice.  There ARE 2 cases of people who sold US financial records being proscecuted by the Indian government and a total of 5 people are in jail for this.


To the OP, share with us your thoughts.


Michael:  You've been missing a lot of work.  Peter:  I wouldn't really say I've been missing it.


I know it's not the best financial decision, but (see message)
I have no money problems and can afford to have payments each month.

I lease strictly out of convenience. I don't like to own a car for more than a few years. I don't want to deal with the hassle of selling a car once I no longer want it or deal with repairs. I want a car that's always under warranty and that I can give back easily when I'm done with it.

If I were not financially stable, I would definitely purchase a reliable used car, but where I am in life right now, I just don't need to. Leasing is a convenience for me, and it's one that I'm willing and able to pay for.
Depends on mom's financial situation maybe....sm

I would assess the need of the mother and child and then give appropriately. Boxes of diapers and wipes are always appreciated and are sure to get used!


late pay and financial situation
No one is responsible for my financial situation however my check is not a payroll check -I am a professional subcontractor and once a contract is signed or a client (MTSO or other) tells me or I tell them when I will be paid they are legally responsible to do so within a reasonable amount of time for mail delivery.

If I told my electric company - sorry but can't pay now, hold off until I can - my electric would be shut off - with fees added on. Why is it that transcriptionists feel they are less important to a client than anyone other professional?

Charge them fees and pursue it - as a subCONTRACTOR you are entitled.

As for D&L - I cannot note the new name - but I can say that more initials but same people. I choose to be quiet about the new name so that others who maintain some sort of employment there do not lose whatever small thing they have. Eventually this will change and you will see it prominently displayed I am sure. At the moment they are not advertising at all, so I feel comfortable in my decision to remain quiet on the name.
The financial gurus always say when starting a new
business/career you should have enough money in the bank to cover 6 months of expenses.  
You are correct. Developed by a transcription company, but a division also lease its use to sm

facilities.  I knew that, but had never encountered anyone who works with it in the real world who doesn't not work for the specific company that developed it.  They keep us pretty much in the dark about that stuff.


anyway, when the platform is working well, it is not impossible to make over 300 lph.  350 would be rare, and depend a lot on formatting, what you are paid for and what you are not paid for.


this applies to MT, right? (link for financial assistance)
link:  http://www.doleta.gov/programs/factsht/taa.cfm

something has to be done to help people losing jobs to foreigners...

it says you need 3 or more workers to apply...

also, it aint going away, ladies: 

Other projections include:




  • 10 percent of U.S. technology jobs will have moved offshore by 2005 (Gartner Group)


  • up to 25 percent of traditional IT jobs will be relocated from developed to developing countries by 2010 (Gartner Group)


  • 500,000 financial services jobs (8 percent of all U.S. jobs in banking, brokerage and insurance) will be shipped overseas by May 2008 (AT Kearney)


At recent financial aid seminar, I was told...

Although I am married and it doesn't pertain to me...


The financial aid officer told all the parents there that if their child is 22, living with them or not, their finances will be looked at and considered when the kid goes to college.  So if you boot your kid out the door at 22, consider the fact that if you make too much money, your kid may not be able to afford to go to college without your help because their student loans, scholarships, etc. will be based on both the student's income and the parents.  If they are married or have children parent's income is not a factor, only the student.


google greendot financial and read
x
Most financial advisors say when you receive a windfall...

After paying any necessary debts, etc., put the remainder in a CD or money market account and let it accumulate interest for a while so you can consider your options. You don't want to jump into (or out of) anything on the spur of the moment.


I guess the question is, is this a job you want to keep? If so, I think the advice the MTSO below gave is great - talk to your supervisor or lead, explain the situation, and ask if you can take some time off and still have a job waiting for you when you get back.


If it's not a job that you want to keep, then don't worry about it. Quit, spend some time with your daughter, then look for another job. You will certainly have enough money to tide you over!


P.S. For financial advice, check out one of Dave Ramsey's Endorsed Local Providers in your area. (link below) Look at the top right corner of the page under Trusted Services. Their goal is not to tell you what you should do with your money, but teach you how to make the right decision about your money and investments.


Good luck and CONGRATULATIONS!!!!!!


Prayers and well wishes are just as important as financial help...
sorry you don't see it that way...
Here's their revenue for the past three years and other financial data.

MQ's debts are not high either.


http://news.biohealthmatics.com/PressReleases/2005/08/19/000000002719.aspx


leasing is same as renting a house, never the best financial choice...sm
bottom line is somebody is making money off of you leasing. If they didn't make money off of you, they wouldn't lease. Same thing with renting. Renters always cover the mortgage and repairs on a home while the owner reaps the benefit of building equity. Now cars are a little different as they definitely depreciate while homes do not (usually!) but as I said, if they weren't making money doing it, they wouldn't do it. You can easily find a traded-in used vehicle with 50,000 or less at a dealership. Get one of the yearly reports from Consumer Reports and you can find which cars are the most reliable (for example, Buick LeSabres - those things run 4ever). Best financial move is to buy it from a private party with cash. I mean showing up with the whole offer in $100 bills. Few people can pass that up. If you can't get the money together to buy a car outright, you will for sure never get ahead driving someone else's car and paying them for the privilege of it. And you are just kidding yourself if you're driving around in a "new car" that you can't even afford to buy.
Terrorist attacks in Mumbai/financial districts.

Dozens killed in India terror attacks






Buzz up!

Like this story? Share it with Yahoo! Buzz



There now are reports of as many as 80 people dead -- a number that is likely to rise -- in apparent terror attacks aimed at tourists and travelers in Mumbai, India.


Oberoi_fire Reuters is reporting that at least 250 people have been wounded in the attacks, which appear targeted at tourists. In addition, Indian television is reporting Westerners are being held hostage at at least two hotels. News networks and wire services are reporting there have been at least seven separate attacks in the city, largely at luxury hotels and restaurants.


"I heard some gunshots around 9:30. I was with my friends. Something hit me. I ran away and fell on the road. Then somebody picked me up. I have injuries below my shoulder," Reuters reporter Sourav Mishra said from a hospital bed, Reuters reported.

The Times of India
reports there have been eight separate attacks, including a major terror strike at a large passenger railway station.


Our coverage is here.


(Television broadcast capture of a fire at the Oberoi hotel in Mumbia courtesy NDTV, via AP)


Update at 3:57 p.m. ET: According to the AP, gunmen are known to have attacked a major train station, a well-known restaurant, two luxury hotels and a police station. A previously unknown group calling itself "Deccan Mujahideen" has sent e-mail to news organizations claiming responsibility for the attacks, the Times of India is reporting. The AP now lists the death toll at 78. There are multiple reports that attacks are continuing.


One of those radio financial guys said debit cards are the MOST dangerous to use.
s
Manufacturing computers offshore is different than PRIVATE MEDICAL AND FINANCIAL INFORMATION. sm
you need to compare apples with apples not oranges.
It was my first mistake ever...

and I'm sure you've NEVER made a typo in your entire life.  You are my idol.  Oh, yes.  Uh huh. 


Not really NM above. Mistake.
x
Big mistake for me
I became an MT after my surgery because I can no longer drive at night and can no longer work in a building due to severe dry eye after the procedure.  I used to be a computer programmer prior to Lasik, with the same company for 17 years.  I miss my old job and my old eyes.  My vision is not very good due to irregular astigmatism induced from the Lasik procedure and haze that formed in the cornea.  Most people do not realize what can go wrong because you only hear about the good results.  Unfortunately, I'm one who ended up with many, many unresolvable problems from this surgery and it has turned my life and freedom upside down.
mistake her for a man - LOL
xx
My mistake
I'm sorry, it is definitely 10,000 lines, I think I must have been seeing 1000 minutes but thinking 100 minutes.  Sorry about that.  Very long day.
yep, your mistake then. thank you. NM
1
thank you Sandi, appreciate your help! My mistake
meant w/o blank lines but in my haste I worded my post poorly. Sorry!
She's not the only one who makes that mistake....
I had a medical records director 20+ years ago mark on our evaluation under "skill level", that out MT job needed little skill for the job. I refused to sign the evaluation and told her she should be ashamed of herself. Can you believe it? And she had an ART just like me...go figure!
oops mistake
Meant disk failures though your disc in your back could fail.  Writing, thinking and typing all at once sometimes throws me off.  Mind is working too fast.