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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
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