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Conference 7.286::dcu

Title:	DCU
Notice:	1996 BoD Election results in 1004
Moderator:	CPEEDY::BRADLEY

Created:	Sat Feb 07 1987
Last Modified:	Fri Jun 06 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1041
Total number of notes:	18759

1032.0. "Fantastic experience with new leasing service!" by STRWRS::KOCH_P (It never hurts to ask...) Wed Jan 29 1997 19:36

    
    Well, I want to tell you about my recent experience using the new lease
    service from DCU. In one word: FANTASTIC! This new company we are
    working with is great. Although I had a false start due to the fact
    that DCU sent out 60,000 mailers without telling this company is
    probably why it happened. 
    
    After I got a hold of them, it was just a matter of 7 days before I got
    the car I wanted. I wanted a 48 month lease with 15,000 miles per
    year with no money down. I got exactly that. I will be picking the car
    up on Friday at the dealer.
    
    The person you interact with is Debra Milko. I'm just too stunned for
    words about how easy this was.

T.R	Title	User	Personal Name	Date	Lines
1032.1	Glad to see your note	MAL009::MAGUIRE		`Thu Jan 30 1997 03:21`	13
	Hi..I'm glad to see this note about the leasing. I was looking in here last night for some info on it because my daughter (a member) is interested in looking into a lease arrangement on a used car....in the hope that it's much cheaper than leasing new. My son-in-law has been leasing for a long time, and finds it very hard to believe that there is no penalty for early return. He hasn't joined DCU yet, but this may coax him. I have never looked into leasing at all, so I really don't understand how it works. Thanks for the info.... Lorraine
1032.2	re-.0	PCBUOA::HOVEY		`Thu Feb 06 1997 14:59`	8
	How do the rates compare compared to purchasing a new car or truck, especially when you go 48 months with 15k ? AM I correct in assuming that you can turn in the vehicle before the lease runs out and there is no penalty?
1032.3		STRWRS::KOCH_P	It never hurts to ask...	`Thu Feb 06 1997 23:40`	6
	Well, the interest rate is 7.15%. NO MONEY DOWN. NO ACQUISITION FEE. NOT A SINGLE PENNY did I have to spend of my own money. It took me 30 minutes to pick the car up and I got treated just like a top of the line buyer who walked in off the street.
1032.4	re.3	PCBUOA::HOVEY		`Fri Feb 07 1997 10:51`	13
	What about car insurances, etc ? So you can turn the vehicle in at any time before the lease runs out and not be penalized even though your breaking a contract ? How much more for the 15k vs 12k a year ? Do you pick it up at a local dealership ? How much $$$ do you save per month vs purchasing the same vehicle ?
1032.5	What about sales tax?	UNXA::ZASLAW	Steve Zaslaw	`Fri Feb 07 1997 16:58`	6
	What about sales tax on leased cars in states with sales tax? I'm sure the state must collect. Is it based on the total cost of the lease contract, or what? Anyone know? This amounts to a big pile of money on say a $20K car purchase. Thanks.
1032.6	If I'm remembering correctly...	RMULAC.DVO.DEC.COM::S_WATTUM	Scott Wattum - FTAM/VT/OSAK Engineering	`Thu Feb 20 1997 18:45`	2
	The last time I leased a car in Colorado, the sales tax was on the monthly bill, that is, I was taxed on the monthly lease payment.