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About Spilyay tymoo. (Warm Springs, Or.) 1976-current | View Entire Issue (June 2, 1978)
a JUNE 2, 1978 PAGE » Leasing Makes Cars Affordable, But At last, your dream has the car. Just a one or two come true! Your friendly car mónth’s lease payment and a dealer just handed you the keys security fee and you are whisk to a beautiful, low-lying sports ing down the street. (The secur car and you’re the envy of ity fee is often refundable.) nearly everyone in town. Heads Leasing sounds so easy. But, will turn as you drive down the what happens after you’ve street and those folks all wonder driven the car for three years? where you got that much money The lease was figured on what a to buy such a car. But in reality, car of comparable value would you are leasing. be worth after three years of It was so easy to “get into” normal use. You make pay- ments on the depreciated value of the residual and pay the car* crent’ y?u are respon of the car. For example, the company, or (3) keep it yourself sible for license fees and insur sports car you might like is and pay the car company the ance costs. worth $12,000. According to blue residual. The car is never yours Dennis Story of Thomas book, that car will be worth until you pay the residual. So, at Sales and Service feels that per $9,000 after three years use, the the end of three years you would sonal leases are THE way to go. residual value being $3,000. After have to pay the $3,000 one way Story, unlike Miller of Miller you have leased the car for three or another. Ford, has sold very few business years, you have three options. Manager of Miller Ford in leases. But, since Thomas Sales (1) Turn it in which would be the Madras, Steve Miller, says that and Service began using Seattle same as a trade-in, (2) sell it to the reason for leasing is to First National Leasing Com a private party for the amount “keep cash free to do other pany, he has sold more than 80 things with.” But, he has never personal leases. sold a personal lease, just busi However, he stated that ness leases. Business leases are there are no credit risks taken very good because the cost can by “FirstLease”. A person has be written off completely, he to have a good credit rating.” It says. is advised, for a person’s own /“I have written up many financial safety, that not more personal leases, but after the than 30 per cent of their income figures aré on paper, the people should be paid out in payments usually end up buying.” Some of for cars, house and the like. the reasons are that (1) you FirstLease also has a mile could lose money if the car is age limitation of not more than worth less than the residual 18,000 miles per year. If mileage value, (2) you have no actual exceeds that amount, the resid equity into the car, even after ual payment will fluctuate. driving and making monthly Therefore, it is suggested that payments for three years, (3) it the lease car not be the only car takes a lot of money to pay the driven, but be used as a second residual amount and (4) you car. have' to pay higher liability American consumers are insurance. requiring car dealers to offer In addition to these draw leasing options now. . “Few backs to leasing, a lease is an Americans pay their cars off expensive proposition to get out any more,” said Story. “So why of if you want to get out early. not lease?” The person has to come up with All in all, leasing is easy and the residual as well as any lease the intial cash outlay is sub payments that might, be owing stantially less than when buying on the original transaction. a car. But most people like There are options available when it Comes to driving a brand now v • Also, the newly leased car is knowing that they are going to S We. ever w decMe u get that ... Z covered by manufacturers new- own a car after driving it for car warrenty. However, you are three years. DLB Photo expected to cover maintenance . So, dream on about driving expenses such as tune-ups, lube and owning that racey sports With the warm weather here jobs, tires and such. And, as a car. to stay and more people enjoy ing the out of doors, it is time to be more careful with fire. Larry Whalawitsa of Fire Control says that it doesn’t seem that there is much danger now, but before long the fire danger will be June 2 - Last Day of school for Elementary & High School “extremely high”. students In 1976 and 1977, there were June 3-4 - Pow Wow Mescalero Apaches, New Mexico 95 fires on the reservation which June 5 - General Council Meeting at Agency Longhouse - burned a total of 947 acres. 6:30 p.m. Seventy-three of those fires were June 9 - Last Day of School for Headstart students man-caused, either with camp June 9-11 - Pow Wow Portland, Oregon fires, cigarettes or children - Pow Wow Merced, California playing with matches. - Pow Wow Albuquerque, New Mexico Help Smokey the Bear. Be - Wow Wow & All Indian Rodeo in White Swan, Washington VERY CAREFUL WITH FIREf June 10-11 - Central Oregon High School Rodeo in Madras, Oregon. And remember, fires grow fast - Sisters Open Rodeo in Sisters, Oregon er than trees! ■ I FIRE SEASON UPON US FIRES GROW FASTER THAN TREES. Calendar of Events ■Whats Happening' Picnic Planned fun type games for everybody to participate in. Other activities Atiheir first meeting for are on the drawing board “to (this year the employee picnic .highlight the event. planning committee has set the date of July 20th, this year’s social gathering. The function I will give the new employees the (opportunity to be recognized and After a completion of a also meet the other tribal em study in the Rogue River basin, ployees. This year’s occasion will the Institute for Policy Studies begin Thursday at 6 p.m. at the and the Legislative Water Policy Community Center Park Recre Task Force are co-sponsoring a ation area. series of water issue forums There will be plenty of periodically throughout the entertainment, games, and state. The next forum is sched ■prizes galore. There have been I volunteers to serve on this year’s> uled for June 6th, in Madras, I committee’s, Orthelia Miller will and will focus on the Deschutes Ihead the entertainment com- River Basin. This will include Imittee, Don'Maxwell will head committee hearings, incorporate I the set up committee, Jean expert testimony and citizen (Green will handle the food and. input. A local legislature will (beverage committee, and the • chair each forum. Each forum will be video personnel department will take I care of the publicity committee. taped and edited for presenta tion to the Legislature during Each committee is open for the next session. The Institute any suggestions to make this staff will be contacting various year’s picnic a bigger and better offices soon to give detailed one, and mentioned there are information on the Deschutes going to be good ole’ fashioned River Issue Forum. State Wide Water Studies Spilyay’s Cynthia Stowell, photographic specialist and feature writer, has been working so hard lately that she appears to have developed a growth on her fare that looks suspeciously like a removed*** Camera' She to‘ a vacation to have it- EveiltS Oil Memorial Day Week-End I There were activities to everyone’s taste duringthe three day weekend. If one liked rodeo’s, there were several around the northwest. Local rodeo participants, spectators went in several directions to either compete or observe the exciting event. Bowling tournaments drew! several local residents as this! year’s State Tournament was I held at Coos Bay. Local teams I qualified to enter the event,! however all didn’t do so well. I Camping and boating, an-| other popular past time, drew many to the lakes and beaches! for relaxation, water skiing and| fishing. As each day ended! everyone settled around thel campfire and the air was filled! with the aroma of bar-b-que| hamburgers and hotdogs. For the eager beavers some! spent the week-end working nnl upcoming projects.——73 I
