Posted on 07/15/2005 3:34:02 PM PDT by Rakkasan1
Bars all over the nation may never be the same thanks to the innovation of a Wisconsin man.
Turbo tap inventor Matt Younkle
Ashwaubenon native Matt Younkle has invented a device called "turbo tap."
The turbo tap can pour draft beer in about two to three seconds. That is four times faster than a conventional tap.
Younkle said his invention has been several years in the making, and it all started back in his college days.
(Excerpt) Read more at channel3000.com ...
There is no trap at the end of a lease, you turn in the car & get another one. People say "you don't own it", but you don't own any new car until the final payment. I have leased 3 cars for monthly payments that were hundreds less than what I would have paid had I bought. Leasing used to be a much better deal. My first lease was a 1997 Ford F-150 XLT extra cab. The residual was determined at 74% on a 2 year lease & my payments were about $275. To buy that truck, it would have cost me about $460 over 60 months. I don't keep any car more than 3 years so leasing is perfect for me. The trick is to be sure you get a car that has a high residual value so you are financing less. That 74% residual was extremely high. A ton of cars were coming off lease & not commanding the prices that the lenders had determined they would be worth. So, instead of people buying the cars, they turned them in & the lenders "lost" money on them. Residuals are now determined much lower & and it is rare to find a 2 year lease. My current vehicle is off lease in Sept. & I have no idea what I want to get....or if I will buy or lease.
You've been lucky. I know several people who have not. Their vehicles have been deemed to be worth less than the residual value because of an assortment of troubles - from minor dings to high mileage. And they pay the difference. I know one guy who kept his truck in his garage for a year because he had exceeded the agreed on mileage. He paid monthly for a truck he couldn't drive.
The lenders don't lose money - the leasers do.
The smartest thing to do is buy a relatively "new" used car, where the first owner took the hit for depreciation.
When you sign the lease, you agree to mileage usage....anywhere from 10-15,000 per year. If you drive more than that....leasing is not for you. If you try to turn in a car with more than normal wear & tear and expect not to get charged...you didn't read the contract. They allow you to get the car assessed before return & time to fix it on your own. If you owned the car with damage...you would have to deduct that damage from the asking price. I don't see a difference here. Also, many people don't know they can dispute the lease end charges & agree to wait until the car is auctioned off....you gamble that their assessment is worse & the auction will bring in more money for your car. I did that with one vehicle and instead of $1,500 in damage...I only owed $250. That was more than my insurance deductable & I wom that gamble. That was an odd situation though & very complicated.
LOL! To heck with the TV, if I want laughs I only have to hang out on FR.......
...the colder it is when it hits your lips!
Sure beats the heck out of Japanese made microchips.....
No problem. As everybody know, you don't actually buy the beer, either. You just rent it.
LOLOLOLOLOLOL
LOL! You guys are hilarious!
Your post explains exactly what I was saying. 10-15,000 mi/yr isn't much. Many people are commuting long distances these days, and that limit can be restrictive.
Also, damages that a leasing company cares about are often more minor than an owner would care about. Just look at the number of cars that have minor dings - the owners don't bother to fix them, but leasing companies will charge you for them.
Leasing is expensive. And you have more worries (mileage and dings) than an owner has.
It's much better to buy a car for cash, then to use the payment money to save for the next (and better) car. Paid for in cash, as well. It doesn't take long to move to a luxury vehicle, even if it is a relatively new used one.
Whew...for a second there I thought I was the only one who knew those Bud Light commercials 8>)
To each his own, I have had great fortune with leasing....of course I know to negotiate the car price first. I don't drive much so 12,000 a year is fine with me.
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