Archive for April, 2007
Southeast Toyota Finance
April 1st, 2007
Question: Leased vehicle? Toyota southeast finance?
I will be way over my miles on my lease vehicle when the lease is over. People have told me to go to the dealership now and trade it in, but I know it is not this simple. Please give me your insightful opinion. 29 months left out of 60months. Only have 10,000 mile left? I really would like to hear from people who have been through this?????
When I graduated from college I was talked into this...it sounded great but not knowing I was going to get a job with alot of in car travel!! The unexpected
Answer: Do you have a guaranteed buy out price at the end of the lease ? If you do and it's reasonable, drive the car as you are and prepare to buy it out from the lease company at the termination of the lease. You can also offer an 'early buy out' at the current time. See what the lease company offers. Either way, you're going to be MUCH better off than turning in that car at lease end with a huge overage of miles. The penalty will be horrific. Best to handle this now, before it gets to that point.
Mike Herring - Toyota Sienna
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Finance Books
April 1st, 2007
Question: College graduates who majored in Business Finance, is it useful for you to keep your books?
Or am I better off selling my books for money? Is there ever a time in your career where you need to look up something that you learned in college?
Answer: I kept some books, because they look good on the shelf, but sold the rest. Books have a short life of value anyway. Sell them before they have a value of $ 0. I kept some for 1.5 years and they were worthless because other editions came out afterwards.
I kept Financial Theory Cash Management and Accounting.
What I found useful was to keep Term Papers & Projects.
The Democrats and Obama caused the financial crisis of 08 by supporting Fannie Mae and Freddie Mac and covering up their bad books.