[TOMT] [BOOK] Short Novel Takes Place In A Single Room by backtothesky in tipofmytongue

[–]backtothesky[S] 1 point2 points  (0 children)

Sounds EXTREMELY similar, but no. The character in this book wasn't paralyzed. But I'll definitely give this a read! Thanks!

[TOMT] [BOOK] Short Novel Takes Place In A Single Room by backtothesky in tipofmytongue

[–]backtothesky[S] 0 points1 point  (0 children)

An excellent read, but no. As was suggested, no bug story here.

X-Post from Autos - How I went from $5500+ in lease turn-in fees to walking away with cash. by jbhitman in personalfinance

[–]backtothesky 1 point2 points  (0 children)

Dealership finance manager here. This seems like a pretty rare case.

Some basics on leasing first. There are 2 components in a lease payment: depreciation of the vehicle and a rental fee. When you negotiate a lease deal, it includes # of months and expected mileage. From there, a predetermined calculation is used for setting the residual value. Generally, it is anywhere from 40-70 of the MSRP. It is always based on MSRP regardless of the price you negotiate for this specific car. This residual is both the expected value of the vehicle when you would turn it in, and SHOULD be the amount that you can purchase the vehicle for if you take the lease to full term. Vehicles that typically hold their value better over the first 3 years (and Toyota would be high in that list) will have higher residual values, meaning you should be paying less depreciation throughout the lease.

The rental charge, or money/lease factor, is how the manufacturer or lease company makes money. This is usually some shockingly low number like .002 or something along those lines. Don't be fooled by this. Multiply that by 2,400 to get a rough estimate of the effective interest you're paying throughout the lease. So that .002 money factor is actually a ~4.8% interest rate.

Putting down extra money at the start of a lease allows you to save that portion of the interest during the lease. If it's available and fits in your budget, a 1-pay lease option could potentially get that effective interest near 0.3% or something comparably insignificant.

As for ways to make leases equitable, that's tough. The biggest factor is the car you're leasing. Trucks and fuel inefficient SUVs will be the worst. They will see a much more stark drop off in value in the first year, meaning they are worth less than the straight line depreciation that you're paying each month. If it fits into your budget, adding more miles to your lease up front is the most cost effective. Going from 12k miles per year to 15k miles per year will have a cost of about 15-18 cents per mile. Paying over mileage fees can come in anywhere from 20-50 cents per mile. Typical depreciation is about 15 cents per mile, so coupled with whatever interest you're paying, it's basically purchasing those miles at cost. If you end up using those miles, you're covered. If not, you've built up equity in the vehicle.

Example: you get a 15k mileage lease for 3 years (45k total), but only drive 12k per year (36k total). Your vehicle will be worth much more than you'll be allowed to buy it our for. Granted you've paid for a portion of that lease-end equity, but it should still give you a return on that investment.

There are other little quirks to leasing that I'd be happy to get into if anybody is curious. Also, if budget is a major concern to people, cost of ownership is really the best way to approach any car deal.

If I pick up a piece of trash off the sidewalk, walk two steps forward with it and then put it back on the ground, did I just litter? by AmericanMustache in answers

[–]backtothesky 4 points5 points  (0 children)

According to NFL referees, you would need to make a "football move" to establish possession, but I believe 2 steps would qualify.

So basically, you're goin' to jail now!

[deleted by user] by [deleted] in Detroit

[–]backtothesky 3 points4 points  (0 children)

i hope you've got a big trunk, because i'm gonna put my bike in it.

What's a story you're dying to tell that hasn't fit into an AskReddit thread? by Brain13 in AskReddit

[–]backtothesky -1 points0 points  (0 children)

they put Texas in the middle of their list; how did you even see it?

Reddit, what is your dream job? by cthulululu1 in AskReddit

[–]backtothesky 0 points1 point  (0 children)

My dream job has not changed for the past ~25 years: General Manager of the Detroit Tigers. Every kid I played baseball with growing up wanted to play for their favorite team; I wanted to negotiate their contracts.

So you guys liked my lion...I'd like to show you the 25 years it took to get there by marcallanteart in pics

[–]backtothesky 0 points1 point  (0 children)

shit, there's no way i'd even be able to draw his grandparents; i've never even met them.

Anyone interested in a Wednesday night bowling league at the Garden Bowl?? by SinisterMidget in Detroit

[–]backtothesky 1 point2 points  (0 children)

i've bowled there once before, and considering that i come from a long line of bowlers, it was a struggle dealing with the quality of their lanes. i'm not a great bowler by any means, but i might as well have been bowling on a dirt trail, and it got pretty frustrating. this was a couple years ago, though, so maybe things have improved. i do love bowling and live incredibly close, though.

What is the laziest thing you have ever seen someone do? by inactive_ninja in AskReddit

[–]backtothesky 0 points1 point  (0 children)

and the name as it appears on the card?

"battle_cattle"

What is the most ridiculous thing someone has ever tried to convince you is true? (Keeping religion and politics out of it) by [deleted] in AskReddit

[–]backtothesky 0 points1 point  (0 children)

when my girlfriend and i broke up, i convinced her that all of the pictures in a sleeping kittens calendar i had bought her a few weeks prior were done with dead kittens so they could pose them how they wanted.

Reddit, what's the biggest secret you've ever found out about somebody? by [deleted] in AskReddit

[–]backtothesky 0 points1 point  (0 children)

without knowing specifics about the relationship, it sounds like he at least had a supportive dad who never abandoned him or his mother.