Author: gvtadmin

Understanding how to calculate your monthly lease payment makes it easier
for you to make an informed decision. Yet, most of us shy away from the
“complicated” math on our lease contract, leaving it up to the dealer to
do the payment formula.

Actually, it’s not that difficult! Once you understand all the figures
involved in calculating your monthly payments, everything else falls into
place. These key figures are:

MSRP (short for Manufacturer’s Suggested Retail Price): This is the list
price of the vehicle or the window sticker price.
Money Factor: This determines the interest rate on your lease. Insist on
your dealer to disclose this rate before entering into a lease.
Lease Term: The number of months the dealer rents the vehicle.
Residual Value: The value of the vehicle at the end of the lease. Again,
you can get this figure from the dealer.

Now, let us calculate a sample lease payment based on a vehicle with an
MSRP (sticker price) value of $25,000 and a money factor of 0.0034 (this is
usually quoted as 3.4%). The scheduled-lease is over 3 years and the
estimated residual percentage is 55%.

The first step is to calculate the residual value of the car. You multiply
the MSRP by the residual percentage:

$20,000 X .55 = $11,000.

The car will be worth $13,750 at the end of the lease, so you’ll be using:

$20,000 – $11,000 = $9,000

This amount of $9,000 will be used over a 36 month lease period giving us a
monthly payment of:

$9,000 / 36 = $250.

This is the first part of the monthly payment, called the monthly
depreciation charge.
The second part of the monthly payment, called the money factor payment,
factors the interest charge. It is calculated by adding the MSRP figure to
the residual value and multiplying this by the money factor:

($20,000 + $11,000) * 0.0034 = $105.4

Finally, we get the approximate monthly payment by adding the two figures
together:

$250 + $105.4 = $355.4

To recapitulate, the sample formula looks like this:

1- Monthly Depreciation Charge:

MSRP X Depreciation Percentage = Residual Value
MSRP – Residual Value = Depreciation over lease term
Depreciation over lease term / lease term (number of months in the lease) =
monthly depreciation charge

2- Monthly factor money charge

(MSRP + Residual value) X Money factor = money factor payment

3- Sample Monthly Payment:

depreciation charge + money factor payment = monthly payment

Keep in mind that this is a simplified calculation that does not take into
account taxes, fees, rebates or any other incentives. The calculation gives
you a ballpark figure or a rough idea of what your lease payments for the
vehicle in question should be.

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Is there a cigar aficionado on your gift list? Wondering how to choose a decent cigar for a friend or loved one? Even if you know nothing about cigars or choosing a good cigar, just learning a few basics can help you sniff out (sometimes literally) a good cigar to give to a friend.

Fortunately, cigars have now entered the mainstream. Once the symbol of the rich and powerful, it’s easier than ever for just about anyone to purchase a good cigar. Of course, you probably won’t be able to buy your friend a box of top-tier Cuban cigars, but you can definitely buy them a good quality cigar that will put a smile on their face.

First, visit your local tobacconist or specialty smoke shop for the best quality and widest selection. Avoid ‘drugstore’ cigars. Although they may be inexpensive and convenient to purchase, drugstore cigars are usually filled with preservatives and generally of poorer quality. They may contain, at minimum, saltpeter, paper, glycerin, and other preservatives and irritants. You should make sure that the cigars you purchase are made of 100% tobacco. If you have any questions regarding the cigars ingredients, ask the salesperson. An experienced and knowledgeable sales clerk will be able to tell you extensive information about the ingredients.

Your local tobacco shop is a good place to shop because you will generally be allowed to smell and touch the cigars. Squeeze the cigar gently. A good quality cigar will give a little when squeezed. The cigar should be firm, with no excessively soft or hard spots. Never buy a lumpy cigar. Look at the wrapper. If you notice any drying or discoloration, best not to buy it. Ideally, the wrapper should be tight and smooth. Inspect the color of the tobacco to make sure it is even. Do this by inspecting the end of the cigar. Some color variation is normal, but if the color changes abruptly, chances are the cigar was not rolled properly. A cigar that is not rolled properly may result in an uneven burning and unpleasant odors.

If you’re not sure how much your friend smokes, choose a longer cigar. Longer cigars tend to have a ‘cooler’ taste—an excellent choice for beginners. If you know your friend is an experienced and regular smoker, choose a cigar that is greater in diameter. These cigars tend to have a richer flavor that experienced smokers will appreciate.

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Do you yearn to blow smoke rings with your cigar like a pro? Stogie aficionados often speak of the ceremony-like deliberateness of smoking a good cigar. Blowing smoke rings is the mark of a smoker who enjoys the smooth and relaxing effects of smoking. But how do you blow a good smoke ring? Some argue that it cannot be taught—that it will simply come to you with time and practice. Regardless, here are a few tips to get you going.

Veteran smokers note that in order to blow a good smoke ring, you will need to create dense smoke. Draw a deep, dense smoke puff into your mouth. Hold the smoke there and then open your mouth slowly and deliberately. Open your mouth, shaping your lips into a rounded ‘O.’ and pull your tongue back as you expel the smoke.

Keep in mind that you are not exhaling the smoke, but simply pushing it out of your mouth. Also keep in mind that this maneuver will not work if there is even a slight breeze in the air. Make sure you try it in a location with still calm air.

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$250 to dispose of your vehicle, $1000 for extra miles you put on the clock
and $200 to replace the light bulb and the worn tyres—lease agents
constantly nickel-and-dime consumers when their lease runs out.
Here’s a rundown of what can trigger those fees, and some steps to take in
self-defense.
Disposition fee: leasing companies charge you if you choose not to buy the
vehicle at the end of your lease. This fee is set as compensation for the
expenses of selling, or otherwise disposing of the vehicle. It typically
includes administrative charges; the dealer’s cost to prepare the car for
resale and any other penalties. Make sure this fee is stated clearly in the
contract and is agreeable by you before signing on the dotted line. At
lease-end, you are left in no position to negotiate as the dealer can apply
your refundable security deposit towards this fee.

Excess mileage charges: Almost all leasing companies will charge a premium
for each mile over the agreed upon mileage stated in your contract. This
penalty can be as high as 25 cents per mile and can add up quickly. To
avoid the risk of running thousands of dollars in excess mileage penalties
at the end of your lease, always check the “per mile” charges in your
contract and be realistic about your mileage before you sign any contract.
If you think the limit is unrealistic given your commutation needs, then
negotiate with the dealer to get a higher mileage or contract for
additional miles.

Excess tear-and-wear charges: Another potential cost at the end of the
lease is any incidental damage done to the car during the lease. This is
deemed any excessive damage done to the normal tear and wear of the vehicle.
Notice the use of the terms “deemed”, “excessive” and “normal”. There is no
standard formula to define what’s “excessive” and “normal” and it’s up to
the leasing company to assess – or deem – the damage and determine what
they are going to charge. This leaves you at the mercy of unscrupulous
leasing agents who set stringent tear-and-wear standards. Make sure you
read the description of these standards, understand them and agree to them.
If your leased vehicle is damaged prior to the end of the lease, you may
find it cheaper to repair the damage yourself than pay the excessive charges
of the leasing agent. In the event of a dispute over the charges at the end
of your lease, get an independent third party to do a professional appraisal
detailing the amount required to repair any damaged parts or the amount by
which tear-and-wear reduces the value of the vehicle.

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Many people who are trying to start an eBay
business spend a great deal of time trying to figure
out which items sell the best on eBay. Many of these
people have elaborate systems for determining this
information, and many others purchase expensive
courses that teach them how to find this information
as well. None of that is necessary. Everything you
need to know is right in front of you – on the eBay
website!

Take a look at any category, and you will see the
word ‘hot’ beside some items. These items are not
marked as hot sellers randomly – there is a method
to the madness! Items only get marked as hot when
there have been more than thirty bids placed on
the item. All you have to do is wonder around the eBay
website for a while to find an item that will do well.

However, most power sellers will agree that there is
more to figuring out which items sell best than this.
In fact, they claim that it is a science. A great way
to start your search for items that will result in a
successful auction in the future is to do research on
the auctions that were successful in the past. You
can view old listings that have completed at:
http://listings.ebay.com .

A new way to determine what items sell best on
eBay is ‘eBay Marketplace Research.’ Marketplace
Research will allow you to view important statistical
information on the buying trends at eBay. This
product contains all of the data one could possibly
ever need to determine how well – or how poorly –
an item will do in an eBay auction. There is a small
fee for using the eBay Marketplace Research tools,
however.

Another tool that will be very useful in your quest for
finding hot selling items for your eBay auctions is the
listing of popular eBay search terms that is found on
the site. This list can be found at:
http://popular.ebay.com/ . This list is divided into
categories, which will make it easier to determine
how popular your potential item may be.

Don’t make the mistake of thinking that an item will
do poorly, or that it will do well without doing your
homework on the item first. Some of the strangest
things sell for the highest prices, while items that
would sell quickly in any other environment just sit
there. Almost any eBay Power Seller will tell you
that the key to a successful auction rests in the
amount of research you put into the items you
hope to sell.

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If you feel that your child suffers from a disability that
seriously hampers his ability to stick to a routine, then
homeschooling is your best choice. The child will be constantly
under your supervision. But he will be gaining a lot of quality
education, in spite of his disability. This is rather surprising,
considering how children with disabilities are stigmatized in
public schools.

Goal setting is an important part of homeschooling a child with
disability. Set the number of working hours per week for the
child. A child with a disability may have his bad days. Structure
the learning hours according to the needs and interests of the
child. Use the computer. This way, he will have all the
necessary information right at his fingertips while staying within
the confines of his home.

Field trips and other educational activities are just as
important. Get help from your support group. Visit places of
interest and interact with other children in the group. Take your
child out for some activities, so that he can socialize. Let him
set his own pace with making friends. This will help in
strengthening his self-esteem.

Above all, remember that homeschooling is just the same, even when
your child suffers from a disability. You will just need to look
for the right opportunities and the easiest alternatives to
achieve the same goals.

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It’s not all hunky-dory and smooth sailing on the homeschooling
front. Like all things in life, there is a downside that has to be
seriously considered when you explore the homeschooling option.
Though one man’s bane may be another man’s boon, there are certain
common reasons for concern.

The responsibility of teaching your child rests solely on you. You
cannot blame anyone else if your child is seen wanting in the
skills that his peers excel in. If your child cannot do the things
that are expected from other children of his age group, it
reflects badly on you as an educator as well as a parent.

A critical part of homeschooling is the time that you have to
spend with your children. You may have to give up your friends,
shopping and other entertainment and dedicate all these to your
child. This can become frustrating at times. You have to learn to
take the aggravation with equanimity and wait for the rewards with
patience and enthusiasm.

A parent who is dedicated to tutor his or her child single
handedly does not realistically have much time left over for a
career. This means that the family is robbed of an additional
source of income. In turn, this may lead to stress over finances.
You will have to train yourself to live on a strictly controlled
budget. While this is a matter of habit, it does need some getting
used to.

You cannot take a break when you feel like it. Feelings of guilt
will assail you if you neglect studies just because you are
feeling blue. You also fear that the child will take advantage of
the situation. Even when you have given homework, you have to be
around to give a helping hand. This means that anytime your child
is around you, you are on duty! For some, this may mean working
every waking hour. The child studying at home also needs to get
out more. This comes from staying at home all the time.
Interaction with adults and other children needs to be given
special attention.

Children tutored at home cannot develop in the various directions
that are open to children attending public schools. To achieve
that kind of exposure, you either have to be a super-parent
skilled in everything, or enroll your child to various activities.
This may not only prove too costly, but also be
counter-productive.

It is sometimes observed that homeschooled children do not do as
well in SAT tests as their school-going counterparts. Without a
diploma or a GED, some students find it difficult to get into the
military.

Lastly, if you envision enrolling your child to a public school,
there may be a certain period of emotional as well as social
adjustment. A child who is used to being at home for the whole day
and enjoying so much of uncontained freedom may have to undergo
some distressing emotional upheavals before he or she gets used to
the rigors of a regular school life.

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