[quote]Ever calculate the financial bath auto manufactures were taking on lease returns? Somebody paying $5000 over two years on a $40,000 vehicle[/quote]
Yes it does seem outrageous, but in truth the $40,000 is really just a fictional number the public uses to compare ownership to lease value.
Take the GM Suburban for example, the retail worth of the vehicle may be $40,000 but in reality it cost roughly less than half that to produce it.
Once the vehicle is turned in we could expect that this 2 or 3 year old vehicle would sell for $25,000 which again is still more than the original cost to produce it.
Of course the future projected worth of the asset is subject to market fluctuations, but all in all, the market has been rather stable until we got hit with $4.50 gallon gas.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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