Re: kicked in the you-know-where

["David Teitelbaum" <jtrealty@xxxx>]

As stated in the last post for a private individual the biggest
advantage in leasing is the chance to drive a better car than you can
afford. There are much better reasons for a business to lease cars.
All the interest and, under the right terms, the depreciation are
deductable expenses. For most businesses rolling stock, as the cars
and trucks are refered to, are completely depreciated by the end of
the term of the lease anyway. It keeps the average age of the fleet
young and the repair costs low and the reliability high. For most
private people the best way to own a car is to own it as long as
possible to average out the high depreciation of the first years. If
you finance the car you can sell it at the end of the term for
whatever you can get, not so in a lease (read rental). This implies
that it will be well maintained so as it gets older it doesn't kill
you with high operating and maintaince costs. Most owners as a general
rule neglect maintaince so this is difficult to do. The other thing
working against you is the advertising trying to entice you into the
newest, latest and greatest. If you have to borrow money to buy a
Delorean IMHO you should rethink the reasons you want the car. In
addition to the purchase price you have insurance, storage, parts, and
labor. The worst of all cases is to have to stretch to make the
payments and not be able to afford the repairs so you can't even drive
the car if it breaks down.
David Teitelbaum
vin 10757