leasing in like renting - paying someone else for the privilige of driving their vehicle..sm
Posted By: ILMT on 2006-05-06
In Reply to: Anyone lease their vehicle? Need pros and cons please - sm - confused
with the low mileage you put on vehicles, you would have an easy time selling outright to a third party. Crunch the numbers. figure out what you would pay for leasing, including deposit. Figure out what you could buy that same car for. If you hold it for 5 years, you can get an idea of how much cars depreciate by checking blue book prices on the current model and a 5 year model. Use that to figure what percent it would depreciate. Then add your leasing costs all together. Add your car payments all together. Then subtract from the car payment what your car would be worth in 5 years, because you'll get that back, ya know. IMHO leasing is done by people too lazy to figure out the numbers and by people that it's important to "look good" to the neighbors, regardless of what your bank account actually holds. Hope you don't mind my honesty. 
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leasing vehicle - sm
Thanks for all the reponses, honest and otherwise. You all basically told me what I felt inside - the only one who makes out on a lease is the dealer. Thanks again.
leasing vehicle
If you travel 12-15,000 miles or less and do not want to worry about repairs, etc, and know you want to drive a newer vehicle always - having a payment always, leasing is good. I leased for a while and it was fine, but then started putting on a lot more miles. So now I buy my vehicle and drive until it dies. Matter of opinion.
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.
anyone have personal experience with leasing a vehicle
I've never owned a car, end up upside down on the loan, owe old loan on top of new loan, and own it for so long it starts to tinker and I pay for repair on top of the loan. What is the downside of leasing? I heard you sometimes have to pay, but only if you drive over the limited mileage right? Working at home, that saves mileage on commute which makes up 70% of it I would suppose. Plus being new it won't nickle and dime me to death with repairs, low payment because you only pay for the amount of money it would depreciate for the time you own it. Any personal experience with this, and is there red tape or hidden small print? Going to start looking really soon, I only hear bad things but its from people who drive a lot. I think a new car is a necessity in this day and age, with all the swindling mechanics and the dependence to get from here to there. A new different car every three years doesnt sound so bad either.
Not true. There are times that renting a home and leasing a car make more sense.
than outright purchase. Do your homework.
It would be interstate driving, he and I driving as partners so we can
drive hard. The company we are talking with will give us the sleeper truck. I am envisioning MT while he is driving. Obviously, not full-time, though. I just hate to lose my grip with the contract I have - gravy work.
How would I get the internet access? Satelite will be available across country? Can't put any permanent receivers on the truck.
I remind you, this is not MY midlife crisis. I'm trying to work things out to accommodate him.
Renting
When I first started out I was renting a duplex and had a CPA do my taxes. It allows you to deduct the percentage of the sq footage that is used for your office, i.e if you have 10% in an office then it deducts 20% of your rent from your IC wages. Say you have 1000 sq foot home and your office is 10 x 10 or 100 sq feet. which is 10% of your total sq footage. If your rent is 700 per month it will take off $70 per month for your office or 840 per year. There is no property taxes thast can be deducted as you do not pay direct property taxes -- just in your rent.
Question on renting
Does anyone own a home that you rent out? Could you please give the pros and cons of renting out your home as we are thinking about doing this. Any info would be greatly appreciated.
Renting information for you...sm
1. Check with any agency that regulates residence rentals in your state to make sure you follow the current laws.
2. Check references on potential renters - it's well worth the $50 to have a person's background checked.
3. Spell out the rental terms explicitely. For example, if late fees kick in after day 5 of a missed payment put in writing what the late fees are. You may also want to put provisions in there (if allowed by your state) for things like yard maintenance (if the grass goes more than 2 weeks without being cut in the summer they pay an extra x $ for you to hire someone to do it), provisions about if the police are called out for problems that they are evicted, etc. Again - check with the state governing agency to make sure you don't violate any laws.
4. Some people choose to hire an overseeing agency to handle rental agreements, do the background check and collect the rent. Most of the ones around Atlanta charge 10% of the rental fee as their fee, so if you choose this avenue set the rental rate at a level to cover this.
5. Be sure to check with your homeowner's insurance regarding an umbrella policy to cover in the event a rentee gets hurt on your property. Also your current policy coverage would change.
6. When figuring out the rent rate, find out what comparable homes are renting for in the area and be sure to calculate enough to cover the mortgage, insurance, upgrades, and impact to your personal taxes (you have to report the income but can write off a percentage of any upgrades).
Good luck - being a landlord can work out very well as long as you do your homework first!
I don't know about renting short term,
I think you could rent it and then return it, but you would have to ask. A friend of my rented-to-buy a Dell PC from them and learned a lesson. She paid approx. 200 every two weeks for almost a year. You will pay 3-4 times what the product is actually worth.
Leasing may work for you sm
Just read through each and every document. Make absolutely clear that you understand what condition in which the car is to be returned at the end of the lease. I do not know of one person who wasn't charged something or other at the end of the lease. They will be counting on your car as a resale "cream puff" at the end of the lease, and if you don't return it in very good condition (and within the mileage alloted at the outset), there will be fees.
Also, check into your insurance coverage. Insurance on a leased vehicle can be higher due to the fact that the insurance company is at significantly more risk if the car is totalled, and you own much less of it than you do with a conventional loan. Furthermore, make sure you are absolutely meticulous about logging your routine maintenance so you can prove it was done and keep your warranty active.
Did you ever consider purchasing a car that came off lease? It would only be a couple of years old and in good condition, sometimes with much warranty remaining. That way, someone else would take the new car depreciation hit.
A better solution may be to find a reliable independent mechanic. I go to a great little garage where labor costs are a fraction of what you pay at the dealer and they stand 100% behind each and every repair.
No matter what you decide, good luck! My dear old '89 car is dying and I will be in your shoes looking for a car very soon.
Leasing works for me (sm)
I am in the same boat. I just ended my first lease and had less than 25,000 miles on the car after 37 months. Leasing also allows you to get more car for the money, as lease payments are much lower than buying, especially if you can find a special. I'm not watching for car ads right now, since I just got my new vehicle three weeks ago, so I can't tell you of any specials. You can sometimes buy a low-mileage lease (we took 10,000 miles/year and saved an extra 3%) if you know you won't use the mileage.
You will always have a car payment (which we would anyway) but you will always be within warranty and only pay for gas and basic maintenance. Then again, you will always have a new car. Good luck!
Leasing question
Does anyone know of a company where a Lanier can be leased? I just purchase, less than a month ago, a C-phone for an IC position and now, finally after several weeks, a fulltime position came through but I need a Lanier. I cannot afford to buy another piece of equipment, especially since I have not received a check from my IC position yet and when it comes in, the first one is only going to be about 90+ dollars because of timing. They pay every two weeks and it is a week behind for payrolling or something along those lines. Any ideas?
I know they are suing MQ regarding leasing
breach of contract or confidentiality or something - maybe that MQ used info obtained from DQS to solicit their clients? Something to that effect. I have worked for both and I don't know which company was worse or better. Since I lasted years with MQ and only months with DR, I would have to say that MQ was better for me, which is a sad statement in itself. DR is always, always hiring, particularly for 1 horrible account in Florida, I believe. So I guess everyone is used to just ignoring their ad by now. Wish I had better news!
Question inside about Renting from Rent-A Center. sm
What was your expeience? Is it very expensive? I was thinking about renting a laptop computer to use for work on vacation for a couple of weeks and not ready to invest in purchasing a new laptop yet. Can you rent things for about a month or do they require longer?
Thanks for any help you guys might give.');>![](https://forum.mtstars.com/smileys/shake.gif")
This is a fantastic idea actually (renting hotel room)
It may be tax deductible. I actually like my home and it is affordable as I got it at a low price several years ago and put a big down payment on it. In other words, I doubt if I could repeat this. No small children. What I am thinking of is that I will probably have to work until I am 60 at least. The only other option would be to go back to school and get training in another skill but even that seems difficult. I have no idea what I could learn and work at other than nursing.
Thank you very much
If the vehicle has been totalled (sm)
by an insurance company it will have a salvage title, so those will have evidence that the vehicle was totalled. I have heard of auto salvage companies using creative measures to disguise the real damage to the vehicle (like pounding the body with a hammer to simulate hail) leading the buyer to believe there is only body damage. We bought a submarine once and it was the best deal we ever made, a year old full sized fully loaded truck for less than half price. It was river water though and only 3 weeks after the flood. The only problem with it was the cruise control didn't work! Anything out of LA or MS at this stage probably already has rust.
I'm wondering now if you use a vehicle...
for easier application or do you just use straight water? I got quite a bit of the powder in my eyes, etc. I'm sure I could get used to this and even improve my technique over time, but I just wondered. I've read about using just about anything from honey to soap to apply it. BTW, my pores look better after 1 use. Thanks!
Hybrid Vehicle
Yes, I love my Insight. It is 2001, never had any problems and has 50 to 60 miles per gallon of gas usage! When I purchased this one, I received a 15% off the top for the 21K cost of the car on federal taxes. I could never go to a regular car again.
The best part is: the mileage is even more because the engine shuts off at a stop sign or when in road rage traffic. This would prove to be even better mileage since all other automobiles are steadily burning while this Insight is completely off. Of course you can adjust if you really need air conditioning. It came with auto everything: windows, transmission and power brakes and steering.
I would think that owning a vehicle with low miles is a plus - sm
at the end of that 5 years you own the vehicle, versus leasing you don't; and you would owe a huge chunk if you choose to buy it. After 5 years of paying a car off with low miles, you can choose to re-sell and get a better price because of the low miles (big selling point). So whoever fed you the line above is, I think, totally off the mark (or trying to lease you a car).
Husband bought a vehicle, in his name,
husband died. Money still owed on the car. I did not want, was not responsible for HIS bill and nothing they could do. Told them sitting in my backyard, come and get it. I did not own, had not signed my John Henry on it, so glad. Could be similar if you are not signed on the house.
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.
It's a form for vehicle accidents. It looks funny without
the caps, but I am not sure of this grammar rule.
TIA~
Dear confused, you've been offered some very poor advice re leasing...sm
none of the "pros" in favor of leasing have offered any dollar amounts, percentages, appreciation, or depreciation facts. It's all about feelings, feelings, feelings. You know, deep down inside, that leasing isn't the best way to use your money. It's just the same as renting. It's for peopel who don't have the money, so they get ripped off because they are trying to act like people who do have the money. But most people "considering" leasing have already made up their mind that they want to lease. It's so much more less painful...
Here in North Carolina they get to operate a motor vehicle at age 15 when accompanied by
a licensed driver. No, they do not state WHO has to be the licensed driver (i.e. friend, neighbor, etc) or how long the licensed driver needs to be licensed, but at 14.5 years they start driver's education in the schools! It is ridiculous to me, as they are children operating a very dangerous toy and I pray they up the age before my children reach it, as I do not feel children possess the maturity and forethought to drive at such a young age.
It's when a vehicle is reconditioned, for example, new paint, fancy wheels, stereo, upholstery, D
p
What are you paying your MTs? If you're only paying 7 or 8 cpl
and expecting extremely experienced MTs, forget it. You're not going to get it. If, however, you're willing to pay 9 or more cpl then you will find what you're looking for. There ARE experienced MTs out there who will work their fingers to the bone IF they are compensated well and treated with respect.
ATT- I was paying $320 for 7000 minutes, I am now paying $175 for 5000 minutes in CA. nm
nm
It's like when you are driving.
You are so used to it that it's just automatic.
Thank you ALL so much!! This has been driving me...
Must be nice! 58 and only for driving? sm
I've been wearing regular glasses for nearsightedness since 3rd grade. Of course vanity put me into contacts many years ago and suddenly, about 3 years ago, I began wishing for longer arms when trying to read something like the side of a Childrens' Tylenol bottle while I was wearing contacts. I told the eye doctor they were making the print smaller and smaller.
It went downhill so fast from there that I either have to wear my regular glasses to see the computer screen or put on the magnifying dollar store glasses over my contacts. Yes I know, time for bifocals, but who can afford them?
Truck driving
My friend and her husband drove as a "team" before he passed away. She said it isn't as easy as it looks-- especially if you are a woman. She said she had to back the trailers into the loading docks and all the "macho men" would just stand there and stare at her-- apparently they are too "manly" to have their jobs taken by women. Anyway, she said the driving part was fun, but the company monitors you every second via some kind of tracking device and it isn't like I thought-- that you could stop in various parts of the country, etc. There is a lot of technical stuff you have to know about the truck, maintenance, etc., as well. She said she wouldn't do it again.
Dictating and driving
Can you hear me now?? I have a physician who dictates while he drives,and by the way, his dictation goes in and out so unable to get really what he is saying.
How about while driving home - sm
I used to have one who dictated while driving in his car, I could almost see him with the file on the passenger seat flipping through it while trying to drive and dictate at the same time. I could hear the traffic and his signal light going on and off. I am glad I moved to a different doctor before I got to hear something like him having an accident... Do they even know that there is a person on the other end of the dictation???
Thank you so much, it was driving me crazy
nm
This MD is driving me crazy!
Have you guys ever typed for a doctor who instead of saying period at the end of a sentence, he instead says "full stop". I am about sick of hearing him say that. I have never heard of that. Where do these dictators get this crap from? Please let me hurry and finish typing for this man before I have my hair pulled out!!! 
MD driving me crazy
How about the ones who dictate discharge summaries and they don't have their thoughts together before they sit down to dictate and they are flipping through the patient's chart pausing, eating, and carrying on a conversation with another resident in the same room with them. The dictation ends up being 20 minutes long but you get 400 lines out of it. Drives me nuts!!!
Driving directions...
Why am I not surprised?
OH YEAH I love the whole CD while I am driving!!
x
Help. Can anyone tell me what the song is on the commercial on tv where the guy is driving across
the US to San Francisco for a cell phone commercial and he pulls up in front of his girlfriends house in SF and calls her on the cell phone and she comes to the door and there he sits in his car. It is the cell phone commercial for the cell phone with the bars on it. This is driving me nuts. I cannot remember the name of that oldie song.
Oh, yes, I hate driving on the freeways
To think I used to do it everyday. I do think the traffic has gotten worse though, not just at rush hour anymore, and people have gotten crazier. DH says it's because I don't have to do it anymore everyday, but I really think it's worse. I go out as little as possible on the freeways, and with the price of gas, I try to combine as much as I can, and stay close to home anyway. It's hard not to become a hermit.
You think there are no responsibilities involved in driving a bus? sm
What about all the lives they are responsible for in the bus and on the ground? Most bus drivers are considered "professional" drivers. They must study for, pass tests (written and driving), and maintain a CDL license (commercial driver), pass regular physicals. This also entails no drinking, etc., on time off work as they are subject to random testing. Very insulting. That is the pay scale in NYC, everybody there makes more money.
not suggesting we quit driving, just think.....sm
I just think if we grew more corn, turned corn into fuel, we'd drive that way and NOT POLLUTE either.......*S*
my kids are driving me crazy...
cant wait til school starts again...
Driving a van was actually considered "cool"
x
yikes ! ESL driving me nuts
 Just a quick vent - for the last 45 minutes I have mostly been listening to the sound of her breathing with an occasional "continuing dittation" thrown in here and there followed by more breathing . I even heard someone in the background say "You can push 1 to put it on pause" which she does for a split millisecond and then continues back with her breathing/"continuing dittation" pattern. Not having a good day today.  Beam me up Scotty, Please ! 
Driving to Children's Hospital with my mom - sm
who was visiting at the time, and going to my then 3-y/o's speech therapy. Also had my other daughter with us, then 18-months-old. We heard on the radio that a plane had hit one of the Twin Towers, at the time we thought it was like a Cessna or something like that, found out quite differently when we got to the hospital and watched it all unfold on the TV in the waiting room.
Sorry but truck driving is going south also
Also had hubby as truck driver, as well as done team driving --the rates there are going down as many are coming over the borders and able to drive for less. So that profession has dropped 50% as well or at least held its own over the past ten years which is not a progression at all. Even owner-operators are seeing a decline. So it is hitting everywhere.
This is trivial but driving me insane
I saw Matt Lauer named his new son Thijs. Does anyone know how this is pronounced? I can only think of "thigs" (rhymes with figs) and that just seems too weird to name anyone.
I will be shortly - school bus driving - sm
$60 a day for about 3 hours of work, about the same I make for MT. I will be very PT at first as I am only a substitute once I finish my training (10 hours of driving with students is all I have left to do). But eventually I will have my own route, then I will probably cut back to about 300 lines a day, or about $600 a month. Don't want to over do it.
my shortand is driving me nuts
It's running so slowly behind what I am typing that I am really messing up and have not even added that many items to it yet. I need it for a job I have that you cannot use autocorrect, which I love, but have to use shorthand. Is there something I can adjust so it does not lag so far behind
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