tomman58
Southeast Michigan
Senior Member
Joined: 06/12/2005
View Profile
Good Sam RV Club Member
 Offline
|
Bumpyroad wrote:tomman58 wrote:
You are missing the concept of a lease! I will owe nothing and own nothing at the end of the lease! .
I am missing nothing. I pointed out what I thought I had read years ago about leasing a vehicle. they price it based upon what they anticipate it getting on the market when it is turned in. If it is NOT worth that much, don't you owe more money?
bumpy
no
2008 Silverado D/A,CC 4x4 ,3.73,IBC LTZ+
2012 Jayco 322 FKS
2 Trek bikes
Honda EU2000i
It must be time to go, the suns out and I've got a full tank of diesel!
Lifes short enough without bitch'n about it!
|
Bumpyroad
Virginia
Senior Member
Joined: 12/01/2005
View Profile
Offline
|
tomman58 wrote:Bumpyroad wrote:tomman58 wrote:
You are missing the concept of a lease! I will owe nothing and own nothing at the end of the lease! .
I am missing nothing. I pointed out what I thought I had read years ago about leasing a vehicle. they price it based upon what they anticipate it getting on the market when it is turned in. If it is NOT worth that much, don't you owe more money?
bumpy
no
I think what I had in mind was a few years back, one of the manufacturer's overestimated what the value would be of their vehicles at the end of the lease period, so they were taking a beating on the used vehicles.
bumpy
P.S. It seems to me that Chevy has done exactly the same thing on overestimating what your vehicle will be worth at the end of the lease. but of course, since we (us citizens) only owe 51% of GM we can just bail them out again.
* This post was
edited 08/12/12 04:04am by Bumpyroad *
|
cekkk
Colorado
Senior Member
Joined: 06/22/2009
View Profile
Good Sam RV Club Member
Offline
|
"You are missing the concept of a lease! I will owe nothing and own nothing at the end of the lease!"
Respectfully, lease ads are aimed at you, if that quote accurately reflects your understanding of a lease. The leases are a sweet deal for the dealers on both ends. Little or no challenge to their desired initial price, and no challenge to their revaluation at termination.
Don't take my word for it. Ask your tax accountant. You may be among the "1%" for whom a lease makes sense. For example, you need a fleet for your business, or you only need one or two cars, but your business makes so much money for you that, along with other considerations, the loss is recovered at tax time.
But for the average working guy, I've never seen a case made for leasing a single vehicle to commute to a job.
'11 Eagle 320RLDS
Equalizer WDH
'02 Ford F350 dually, unchipped 7.3 PSD, PacBrake,
6.0 cooler, Ford AIS and Isspro trans. gauge
Replaced old AirLift airbags
|
tomman58
Southeast Michigan
Senior Member
Joined: 06/12/2005
View Profile
Good Sam RV Club Member
Offline
|
cekkk wrote:"You are missing the concept of a lease! I will owe nothing and own nothing at the end of the lease!"
Respectfully, lease ads are aimed at you, if that quote accurately reflects your understanding of a lease. The leases are a sweet deal for the dealers on both ends. Little or no challenge to their desired initial price, and no challenge to their revaluation at termination.
Don't take my word for it. Ask your tax accountant. You may be among the "1%" for whom a lease makes sense. For example, you need a fleet for your business, or you only need one or two cars, but your business makes so much money for you that, along with other considerations, the loss is recovered at tax time.
But for the average working guy, I've never seen a case made for leasing a single vehicle to commute to a job.
I never considered it before and agree that leasing isn't a deal a lot of the time, BUT there are just thousands and thousands of folks get them each year. I guess if you want a new car every two years then it may be ok although some take leases far longer then that. I think to that it allows for some a chance to drive a caddy as opposed to a Chevy Cruise. LOL
|
Fezziwig
SF bay
Senior Member
Joined: 07/25/2008
View Profile
Good Sam RV Club Member
Offline
|
LindsayRichards wrote:The UK installed the largest wind farm in the world in the North Sea where the wind blow more that almost anywhere else in the world. They are already starting to fail on the concrete bases and the government has decided not to repair them. As they fail, they will be sold for scrap. Had all of this money been spent on research, then maybe we would be further along in our search for cheap dependable energy. A simple question for those who have not taken the time to research wind and solar is, "If these make such great economic sense and are such a great deal, how come they are not on every roof top?"
The UK windfarm production is alive and well and expanding. Here's a database of UK windfarm projects with names, facts and figures:
http://www.bwea.com/ukwed/offshore.asp
|
|
|
LindsayRichards
Tavares, FL
Senior Member
Joined: 01/22/2007
View Profile
Good Sam RV Club Member
Offline
|
The link you attempted to post is mainly about proposed and approved wind farms. The link below from Forbes, a well respected business magazine tells a truer story. The smaller sized windmills are never going to be competitive. The larger one in the North Sea is the same one (165 huge windmills) that was scheduled to be built off Cape Code, but was stopped as it marred the view of the late senator Kennedy and was cancelled. They are finding that the foundations are collapsing after about 8 years rather than the 20 years of expected life. The cost of the electricity produced is mainly derived to initial cost of the installation. This works out to a 250% increase of the cost of electricity generated by large windmills which have been touted as the future of the wind industry. If you had been keeping up with the wind industry, you would be aware of this as it is well know and one of the main reasons the whole concept is being abandoned in the UK. Once again, what type of alternative energy have you personally chosen to invest in for your own use?
http://www.forbes.com/sites/energysource........aky-foundations-for-offshore-wind-farms/
http://climaterealists.com/?id=10070
* This post was
edited 08/12/12 04:22pm by LindsayRichards *
|
cekkk
Colorado
Senior Member
Joined: 06/22/2009
View Profile
Good Sam RV Club Member
Offline
|
Tomman58, you're sure right about driving Caddy. Back in '97 when I was still living in the real world, making money I mean, I bought DW an STS. It was sweet, almost a candy apple color. The payment was a measley $860. After about a year of that I couldn't stand it and paid it off. Money that could have remained invested. Probably cost me another Lord knows how much over the years. 
|
Fezziwig
SF bay
Senior Member
Joined: 07/25/2008
View Profile
Good Sam RV Club Member
Offline
|
LindsayRichards wrote:The link you attempted to post is mainly about proposed and approved wind farms. The link below from Forbes, a well respected business magazine tells a truer story....
I looked at the Forbes article and it doesn't reach conclusions as drastic a you claim. For example, here's a conclusion in the third paragraph;
"The turbines are intended to run for 20 years but in some cases they have had to be pulled in after only eight years."
Big deal. That's no worse than you'd expect for a new technology.
Wind power continues to grow and offset some of the oil that would be used for electric generation, thus giving hope that there will be sufficient fuel at low prices for our RVs.
|
Bumpyroad
Virginia
Senior Member
Joined: 12/01/2005
View Profile
Offline
|
Fezziwig wrote:
I looked at the Forbes article and it doesn't reach conclusions as drastic a you claim. For example, here's a conclusion in the third paragraph;
"The turbines are intended to run for 20 years but in some cases they have had to be pulled in after only eight years."
Big deal. That's no worse than you'd expect for a new technology.
Why do they have to be pulled? It doesn't seem to me that the mechanics of a wind turbine are "new" technology. haven't they been around for 50 years? I remember very old movies of them out in California. they should know how to pour concrete to anchor them by now also.
bumpy
|
DelCamper
Delaware
Senior Member
Joined: 04/03/2007
View Profile
Offline
|
Fwzziwig
No oil is used for electrical generation. They switched from oil to coal and now to natural gas. Both 6 oil (bunker C to you old salts) and #2 (which is like gold) has not been used for decades.
|
|
|
