Dalepattersonassocs Business Credit

Understanding how to calculate your monthly lease payment makes it easier
for you to make an informed decision. Yet, most of us shy away from the
complicated math on our lease contract, leaving it up to the dealer to
do the payment formula.

Actually, its not that difficult! Once you understand all the figures
involved in calculating your monthly payments, everything else falls into
place. These key figures are:

MSRP (short for Manufacturers Suggested Retail Price): This is the list
price of the vehicle or the window sticker price.
Money Factor: This determines the interest rate on your lease. Insist on
your dealer to disclose this rate before entering into a lease.
Lease Term: The number of months the dealer rents the vehicle.
Residual Value: The value of the vehicle at the end of the lease. Again,
you can get this figure from the dealer.

Now, let us calculate a sample lease payment based on a vehicle with an
MSRP (sticker price) value of $25,000 and a money factor of 0.0034 (this is
usually quoted as 3.4%). The scheduled-lease is over 3 years and the
estimated residual percentage is 55%.

The first step is to calculate the residual value of the car. You multiply
the MSRP by the residual percentage:

$20,000 X .55 = $11,000.

The car will be worth $13,750 at the end of the lease, so you’ll be using:

$20,000 $11,000 = $9,000

This amount of $9,000 will be used over a 36 month lease period giving us a
monthly payment of:

$9,000 / 36 = $250.

This is the first part of the monthly payment, called the monthly
depreciation charge.
The second part of the monthly payment, called the money factor payment,
factors the interest charge. It is calculated by adding the MSRP figure to
the residual value and multiplying this by the money factor:

($20,000 + $11,000) * 0.0034 = $105.4

Finally, we get the approximate monthly payment by adding the two figures
together:

$250 + $105.4 = $355.4

To recapitulate, the sample formula looks like this:

1- Monthly Depreciation Charge:

MSRP X Depreciation Percentage = Residual Value
MSRP Residual Value = Depreciation over lease term
Depreciation over lease term / lease term (number of months in the lease) =
monthly depreciation charge

2- Monthly factor money charge

(MSRP + Residual value) X Money factor = money factor payment

3- Sample Monthly Payment:

depreciation charge + money factor payment = monthly payment

Keep in mind that this is a simplified calculation that does not take into
account taxes, fees, rebates or any other incentives. The calculation gives
you a ballpark figure or a rough idea of what your lease payments for the
vehicle in question should be.

$250 to dispose of your vehicle, $1000 for extra miles you put on the clock
and $200 to replace the light bulb and the worn tyreslease agents
constantly nickel-and-dime consumers when their lease runs out.
Heres a rundown of what can trigger those fees, and some steps to take in
self-defense.
Disposition fee: leasing companies charge you if you choose not to buy the
vehicle at the end of your lease. This fee is set as compensation for the
expenses of selling, or otherwise disposing of the vehicle. It typically
includes administrative charges; the dealers cost to prepare the car for
resale and any other penalties. Make sure this fee is stated clearly in the
contract and is agreeable by you before signing on the dotted line. At
lease-end, you are left in no position to negotiate as the dealer can apply
your refundable security deposit towards this fee.

Excess mileage charges: Almost all leasing companies will charge a premium
for each mile over the agreed upon mileage stated in your contract. This
penalty can be as high as 25 cents per mile and can add up quickly. To
avoid the risk of running thousands of dollars in excess mileage penalties
at the end of your lease, always check the per mile charges in your
contract and be realistic about your mileage before you sign any contract.
If you think the limit is unrealistic given your commutation needs, then
negotiate with the dealer to get a higher mileage or contract for
additional miles.

Excess tear-and-wear charges: Another potential cost at the end of the
lease is any incidental damage done to the car during the lease. This is
deemed any excessive damage done to the normal tear and wear of the vehicle.
Notice the use of the terms deemed, excessive and normal. There is no
standard formula to define whats excessive and normal and its up to
the leasing company to assess or deem the damage and determine what
they are going to charge. This leaves you at the mercy of unscrupulous
leasing agents who set stringent tear-and-wear standards. Make sure you
read the description of these standards, understand them and agree to them.
If your leased vehicle is damaged prior to the end of the lease, you may
find it cheaper to repair the damage yourself than pay the excessive charges
of the leasing agent. In the event of a dispute over the charges at the end
of your lease, get an independent third party to do a professional appraisal
detailing the amount required to repair any damaged parts or the amount by
which tear-and-wear reduces the value of the vehicle.

Hybrid vehicles popularity has sharply grown from a couple of thousands
in early 2000 to close to 300, 000 by the end of 2005. The trend is
rapidly catching with the auto-leasing industry with generous tax credits
and incentives on offer if you go green.

Beginning in 2006, businesses and taxpayers who lease, or purchase, an
environmentally-friendly and fuel-efficient vehicle will be eligible to
claim federal income tax credits worth thousands of dollars. Individual
states also offer generous incentives, including hybrid state tax credits,
new High-Occupancy Vehicle (HOV) lanes access and discounted thruway tolls
for alternative-fuelled vehicles.
And thats not all you can save from going green! You can now save on your
parking fees at a number of universities and some auto-insurance companies
are offering insurance discounts for hybrid-vehicle owners nationwide.

If you want to take advantage of these incentives and contribute to energy
conservation then visit HybridCenter.org and complete a personal profile
about your driving needs and habits. You will get in-depth advice on hybrid
models that would make economic sense to you and local, state and federal
incentives available where you live.

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
at 10 to 20 p a mile. Any incidental damage done to the car, and deemed to
be above normal, will result in excess tear-and-wear charges. Finally, if
you choose not to purchase the vehicle, then you have to pay a disposition
fee.

Europe, a continent filled with so much culture and history. A lot of people actually flock to Europe year after year to visit its sights and experience its rich culture. The modern yet still quite laid-back lifestyle that Europeans have been known for has always fascinated tourists, from being true-blue sophisticates who are very much adept to fashion, literature, history, culture and the arts, this is why a lot of people have been drawn to Europes simple yet elegant charm time and time again. Of course, traveling around Europe will be really much of a hassle if you dont have the proper transportation to quickly and conveniently take you from one spectacular tourist destination to another. The most probable solution to this dilemma is a car, ever ready, youre sure to get to where you want to go at your leisure. Europe car rental however may be quite tricky to some. Lets face it, a lot of the countries in the European continent isnt really comprised of English-speaking people and if they do speak a little English, its still highly likely that you wont be able to understand what he/she is saying, it really is best, especially when it comes to Europe car rental, to book everything in advance. Even before your plane lands in the airport tarmac, make all the necessary arrangements that you need to have.

To help you get started on your Europe car rental quest, try to coordinate it with your trip. Which country/countries are you actually going to? Which one/ones will actually really need for you to rent a car (please be reminded that there are some European cities where its more favorable to walk instead of taking mass/private transportations)? How much will you actually need to spare for your Europe car rental fees? Is it worth it? Also, try to map out the places that youre already planning to visit, calculate the distances that youll need to travel from one place to the next and if itll really be a lot easier (and cheaper) for you to rent a car than take mass transport then by all means, go check out the various Europe car rental agencies available in your area. You need to have everything fixed and taken care of before you embark on your great European adventure.
There are a lot of available Europe car rental agencies who are willing to lend you their services at really affordable prices well to some extent. From small, typical European cars to luxury cars and RVs, youre bound to get the vehicle of your choice since there are numerous Europe car rental agencies in the market.

Try to start your search for the ultimate Europe car rental agency by asking your travel agent on which Europe car rental agencies he/she can recommend. Also, if you have friends or relatives whove been to Europe, try asking them on which Europe car rental agency they prefer and if it really is a lot more convenient (and worth it) to rent around car for your grand European vacation. Also, help educate your self more with regards to Europe car rental by browsing through the internet. Surely, the internet really is best-known for easy-access research and it really is quite definite that youll land your self on a reputable Europe car rental service that will hopefully be able to cater to your needs, wants and budget. Plus, all the necessary transactions can even be done through the internet. So the hassles of trying to find a good enough Europe car rental specialist and booking their services, will clearly be not something that you have to go through anymore.

Discount car rentals are so hard to come by, and in recent times, discount car rentals simply mean you pay less for something less, and lets face it, sometimes when you pay less for a car rental, you end up with something that looks more like a farmers truck than a car. Its hard to come up with a budget friendly rental, so how do you get a discount car rental these days? Well here are a few tips to boost the value of your money, car rental wise.

1.A good way to essentially, get a discount car rental is to, once you return the car, fill the tank with the cheapest no-name gas you could find, not for revenge or anything, but because car rental companies, require customers to fill the gas tank before returning it, and it you dont theyll fill it for you with the company pump but at a higher price, now we dont want that, so be sure to fill your tank before you return the car.

2.To get the discount off of discount car rental, make early reservations, some car rental companies give discounts or free upgrades for customers who reserve their cars early.

3.When youre planning to use your rental car for more than five days, or longer, ask the rental car company if you can get discount car rentals for a weekly rate, most companies offer discounts for the sixth and seventh day for weekly rentals.

4.Ask your travel agency if you could get discount car rentals if you acquire packages like fly-stay-drive or fly-drive. Most travel agencies as well as hotels offer these programs at a discounted price, whats good about this is that you get a discount and you shoot two to three birds with one stone.

5.When you go to a car rental company, ask them if you could get a discount car rental in exchange for your frequent flyer miles, this is good for those miles that are about to expire, so instead of throwing them away youd get one last use for them.

6.One way to get a discount car rental or maybe just the best deal for your money is to look for sites or rental car firms that accepts a pre-determined budget. This is when you indicate the money youre willing to spend for the car rental, most rental car companies will give you the program that has the biggest discount car rental and the best deal for you, of course it pays to know if the company has a history of fraud, in this day and age, you cant really trust people that much with your money, check out the car before you reserve.

7.Ask the rental company for discount car rentals when you frequently rent a car at their firm, theyre most likely to give discounts or free upgrades if you always rent with them.

8.Get discount car rentals by reserving your car through the internet. Most rental firms have internet only discounts that can save you a lot of money, look up the rental firm that has the greatest discount for the same value.

9.To get a discount car rental upgrade, try going to pick up your car just as the shop is opening, therell be a shortage in the economy cars, and youll probably get a free upgrade when they cant give you the car you reserved.

Dying to satisfy that craving for that boom bass but cant make the budget? Cant sleep cuz of that new Clarion head unit? Look no further, you just need to find that discount car stereo to fulfill your car audio needs.

Well, there are probably only two instances where a need for a discount car stereo will come in. These two instances always entail lack of a financial comfort zone (thats why we call them discount car stereos).

First instance, you dont have an audio system in your car, and you would like to install one. Following the premise we have above, youre most probably a car owner who doesnt have enough cash to spend on a new, top of the line system.

What to do: How do you get a discount car stereo? One way is to go to a car stereo sale. Still, you have to deal with store prices, theyre cheap, but not that cheap. Another is to scour the classifieds and buy and sell for second-hand items. These are real discount car stereos, but you have to have a sharp eye to recognize which is a good deal and which is a swindle. Ask the seller how many years he had it, in what car. Inspect the car where it is installed. If its still installed on the car, give it a go. If its just a head unit, or a speaker that isnt installed, just be careful. Research the model of the discount car stereo youre planning to buy, also find reviews.

Second instance: You already have a car stereo system installed, but you would like to upgrade it. Again, most probably youre just searching for a discount car stereo/discount car stereo system not far from what you have. Maybe something with higher wattage, or a head unit which can play mp3s? And again, try searching at sales. Take advantage of classifieds, buy and sells, second hands, and also swaps. Chances are, if youre a car audio enthusiast, someone in your circle currently has a better system than yours and maybe willing to sell it to you. No need for standard pricing here. Or if others have equivalent items which they might be willing to swap, like a head unit for an amplifier, or a nice set of tweeters for a cd changer (i highly doubt it) or your pedigreed pitbull for the whole shebang! Youll get more discount car stereos if you have a circle of friends/people who share the same interest.

Other tips which might help: Another way to get a discount car stereo is to SUBSTITUTE. Like cars, Japanese made units are often cheaper than German/European/American made units. Also, look at the basics. What is it that you need, as in the most BASIC FEATURES? Do you really need that mesmerizing LED display, or can you do without it? Goes for speakers too. If youre not going to enter a car audio competition and you just want to hear good treble and bass levels without making your speakers croak, maybe you can do away with a couple of 3way/4 way speakers. A big subwoofer will definitely need an amplifier, and those are already 2 things to buy.

Discount car stereos are always a good deal, you just have to know where to get one.

Too often when it comes to auto-leasing, people get so dazzled by the
myriad terms and the jargon thrown their way that they end-up paying
through the nose, relying on a dealers help than their own informed
decision.

Here is a look at some of the tricks dealers use to pad their profits and
leave the customers shelling hundreds of dollars more than the deal should
be worth.

Trick 1: Leasing always a better deal than buying

Dealers use the lure of lower-monthly payments to entice customers to sign
for long-term loans, with terms stretching for five years or more, making
the payments even lower. There are two catches with such lengthy contracts:
higher mileage, exceeding the prescribed limit, and hefty repair costs.
With
leases charging on average 10 to 20 cents a mile for any extra mile over
the agreed amount in the contract, and warranties only covering three
years, you leave yourself wide open for hefty charges for excessive
mileage and wear and tear.

Trick 2: Cheap 2-3% APR rate on your lease

The dealer is not quoting the interest rate you would be paying on your
lease; hes rather giving you the lease money factor. Whilst similar to an
interest rate and important in determining your monthly payment, a more
accurate rate is calculated by multiplying the money factor by 24. For
example a cheap 3% money factor is 24 X 0.003 = 7.2%. This gives you a
better sense of what your annual interest rate on your lease contract is.

Trick 3: Stress-free early lease termination

Dealers know consumer driving needs change and they would like to have the
option of getting out of a lease commitment sometime down the road, before
their lease ends. Truth of the matter is, when you sign for a lease, you
are effectively saddled with monthly payments for the remainder of the
lease term and there is little-choice of getting out early. Lease contracts
carry hefty financial penalties for either defaulting on monthly payments
or terminating the lease earlier than the scheduled term.

To avoid being on the receiving end of such tried-and-true tricks, educate
yourself about leasing. Get down to the nitty-gritty and understand what
the leasing terms used by dealers mean. Crunch the numbers along with him
and understand how they arrived at the monthly payment figure. Dont sign
anything until youve understood all the terms and your numbers much those
of the dealer. Do not let the dealer pressure you into signing; you are the
one to determine whether the agreement is right for you.

In todays world of competitive marketing and cutthroat competition, a customer cant really predict whether the deal he/she is closing will benefit her or not, most of the time most, consumers, just go on with the deal just to avoid all the hassle of inquiring for more economic alternatives, or discounts. This also applies to car rentals, nowadays, its hard to call anything a cheap car rental, with the inflation rate of products, continuing gas price increase its hard to keep product prices down, so here are a few tips to keep your car rentals cheap, even if every other factor is making it expensive.

1.Reserve your cheap car rental internet sites instead of over the counter ones. Internet sites, offer internet only discounts which could very beneficial for you, cheap car rentals can be achieved by being witty, put discounts like these to your advantage and youre sure to save a lot.

2.One way to get cheap car rentals is to try to get the most out of your rental. Most car rentals require you to fill the tank when you return it, so on your way to returning the rented car, fill it up with the cheapest type of gas you could find, youll save more than when they make you pay for the gas at an inflated rate.

3.If you can, always rent at only one Car Company, companies give you cheap car rentals for frequently renting their cars, discounts, coupons and sometimes even miles.

4.Ask the car rentals if you can exchange your flyers miles for car rental miles. This is especially useful when your flyers miles is about to expire, instead of just letting it go to waste, get a cheap car rental for it.

5.For a cheap car rental, try to make reservations as early as possible, car rental; companies give discounts for customers who reserve early.

6.To get your rental cheaper, pick up your car early in the morning, just as the shop is opening, so that there will be a shortage on the cheap car rentals, at this point, the renters may give you a free or a marked down upgrade.

7.Look for packages like hotels and rental packages or if you want a cheaper car rental find a package that includes air fare, car rental and hotel stay, these packages give you great discounts on all three, so if youre planning to do all, I suggest you get a package deal to get the most out of your money.

8.To get a cheap car rental at your own, price, find rent-at-your-own-price internet sites that look for the best possible deal with the budget that youve given them, but be careful with this, review the companys history first before you get into it, or make sure that there are no other cheaper means before you close the deal, remember, once you make a reservation, you cant cancel it.

9.If youre going to use the car for more than five days try to find weekly rates from car rentals, with weekly rates, the sixth and seventh day are almost always discounted, so look for this when youre out for a cheap car rental.

10.Instead of picking up your rental at the airport, save money by picking it up at the shop, thisll reduce airport surcharges.

Youve got a nice pearled paint job. Youve got your 18 sized chrome mags. Youve got an interior job that looks like a dream. But all of that would be superficial if you dont have a good car stereo system in your ride.

A good car stereo system is a marvel to experience, just like a poorly constructed car stereo system is such a pity to look at. The price is a big factor, but not all expensive hardware perform well if installed haphazardly, or if hooked up with incompatible hardware. It is also subjective, just as some of us find black cars more appealing than other color cars. If you like your car stereo system more than any other in the same vehicle, then you have the best.

If you like some other car stereo system more than yours in the same vehicle, then that one is better. Only you can decide which is best for you. For a car stereo system to be a good or great, it must first meet or exceed the user’s expectations.

The type of vehicle also plays a major part in what kind car stereo system you should build. For some people, after only being in a few vehicles their ears recognize the inherent characteristics of this unique environment. Most of what we hear in a vehicle is a recording of the original artist in a given environment, usually in two channel stereo which can be playing in a totally different environment with the listeners placed in awkward listening positions relative to the placement of speakers. A great car stereo system is created with the understanding of acoustics, basic electronics, and the different products that are to be used.

A good idea is to gain references to compare to your auto audio system or any other and experience it live in as many different environments as possible. One of the best ways to accomplish this is to go to expos and conventions. As you hop from exhibit to exhibit you’ll immediately notice the difference in sound characteristics of each setup. You will find some car stereo systems that you prefer over others, if not a favorite and that is the way to choose a cheap car stereo system that you like. Also ask for specs, theyll gladly give it to you.

The benefits of aftermarket speakers are: they have a larger frequency response (more music coming through the car stereo speakers), more power handling capabilities, they will brighten your highs and increase your auto audio system bass. There are two types of CAR speakers available: the dual cone and the two way. A dual cone has a small paper cone built into a larger paper cone.

Amplifiers are the backbone of your car stereo system. Weak amplifiers damage good car stereo speakers, not the other way around. Amplifiers provides musical power and contributes greatly to the elimination of distortion and the upgrade of sound clarity. The size of the amplifiers will be proportionate to the level of power you want. You can tell a good power amp by turning the auto stereo system above half volume and still hearing clear amplification. Bear in mind that the more power you have the better control you have over your system.

A good car stereo system is something to show for. It can bring satisfaction to you, the owner, and to those who will witness it. It will also raise the quality and value of your car in case you wish to resell it.