March 20, 1975 Shelton Mason County Journal | ![]() |
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March 20, 1975 |
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T
CAR
Cost vs.
£EA$1NG
Many members have made inquiries concerning the advisability of leasing
an automobile instead of buying. Generally, we would refer that member to
his accountant. That may sound outlandish, but the fact is, in general, if
leasing will pay for itself, then you probably DO have an accountant who is in
a position to make recommendations based on your individual cash picture
and tax situation.
If you are able to determine that leasing is at least a break-even
proposition for you, your next step would be to find a lease that allows you
the most flexibility. For instance, who bears the cost of major repairs? Can
you terminate the lease without substantial penalties? Can you drive the car
as much as you need without prohibitive cost? What, in fact, IS the cost
compared to purchase? 6481
The cost of leasing partially depends on whether you sign an open- or
closed-end contract. With the straight or closed-end lease, you pay a fixed
monthly rate. Included is an amount for depreciation and your estimated
mileage. You gain no equity in the car; at the end of the contract, you turn it
into the lessor and the deal is ended. The lessor is responsible for the
depreciation. With an open-end contract, YOU are responsible for
depreciation. If at the end of the contract the depreciated value is $1,800 and
the car's average book value is $1,500, then you owe the leasing company
$300. If the car's average book value is $1,900, however, you should get a
$100 credit, assuming the contract allows for this.
For a rather hefty price, you can sign a full-maintenance contract and
turn all your servicing problems over to the lessor. One contract, reviewed by
the staff of "Everybody's Money" stated that if the lessor couldn't attend to
the car and if the cost of servicing it elsewhere would be more than $15,
you'd have to get permission before the car could be serviced.
Contracts generally allow for a certain amount of wear and tear, so ask
the lessor for a specific definition before you sign the lease. No doubt you'll
have to pay for any wear and tear that is considered excessive by the lessor.
Dents and scratches, for example, are usually charged the lessee.
Another charge that you may be stuck with - even with a closed-end
lease - is excessive mileage. Contracts allow for a certain number of miles,
generally 20,000 a year. If you drive more than that, you are charged one to
three cents per mile. Again, define this charge before signing the contract.
In spite of these requirements, convenience is what makes leasing
attractive and a luxury that many car owners welcome. It's just a question of
how much you're willing - or can afford - to pay for convenience,
particularly when you can borrow to purchase new autos at rates as low as
9%, and late model used autos as low as 10.8%.
ASK SOMEONE WHO KNOWS
Stan came to the credit union in the fall of 1974 as Supervisor of the Loan Department.
He was, however, not new to the world of credit unions. Prior to coming to Shelton, Stan
served as Real Estate Manager and Loan Officer for the Weyerhaeuser Credit Union for 3-1/'2-
years. He has additional experience as supervisor in charge of sales for fifteen states and
Canada for the New Products Division of the Weyerhaeuser Company.
Stan and his wife, Ev, have raised three children, and now enjoy frequent visits with their
six grandchildren. Stan is an avid bowler and skindiver, and among the spectator sports lists
football as his favorite. Everyone at the credit union would agree that Stan has a special
talent for cooking, as he treats the stall often to his special chili...
STAN IS SERVING YOU FOR A BETTER CREDIT UNION
she's the youngest winner yet
in the credit union bank bag contest
Windy does her saving at the credit union, with the help of her folks, Chuck and Lawrie
Vanderwal. Windy's grandmother, Heddy Godwin, opened Windy's account shortly after her
birth on December 15, 1974. Since that time, Windy's been saving the credit union bank bag
way; her bank bag number was drawn as the winner on February 28th by Dot Bunnell, head
teller. Windy's winnings were $1.95, the exact amount her bank bag held in coins...
Windy is the third winner in this exciting savings contest for young folks. The first
winner was Erik Dishon in December, winning $8.75. The second winner was Andrea Brown,
winning a big $10.00. Remember: the credit union matches the COIN CONTENT of tile
winning bank bag each month. Join in the fun and see that all your kids have one. Dot will
be pleased to personalize a bank bag for each of your children any time.
The following Credit Union members
knew their account numbers and claimed their prize!
Winners in KMAS Radio Contest:
Louis Zoren $ 5
Farnum Loitz $15
Dean Perry $20
Elmer Strope $15
William Avery $45
Moody Bacon Jr. $30
Norman Remme $15
Carl Erickson $15
Donald H. Woods $35
Stella M. Wilson $30
Jose G onzalez $20
Remember, a new account number is read over KMAS each
week. The numbers accumulate in value each week, if not
claimed. Know your credit union account number and
LISTEN to KMAS.
Winners in "Compass" Contest:
Gaylen Gulbranson $30
Laurice M. Charrier $20
Ralph Wyatt $50
A. H. Jackson $20
Henry G. Robertson $20
Brian Lasley $20
Emma Beall $20
Lesly E. Miller $10
N orma A nderson$10
Robert G. Hodgson $30
Mary K. Littlejohn $30
Hazel V. Dammann$10
Two numbers were hidden in the "Compass" last month.
Hazel Dammann saw hers and claimed $I0; Nolan Mason
missed his and lost out on $1 O! Two new numbers are hidden
this month, one worth $10 and the other a big $20.
S-6 -Shelton-Mason County Journ - Thursday, March 20, 1975
Classified Ads
Each month, the "'Compass" will
run a selection of classified ads
from the members' bulletin board
in the credit union lobby. If you
have an ad that you wish
published, please contact the
receptionist or the advertising
department at the credit union.
Your ad will be published as soon
as possible.
AUTOS
1971 Pinto, two-door. $1,500.
Contact Willa Morgan,
426-5027.
1971 Toyota Corona, Mark II,
automatic, air-conditioning,
top condition. Contact Robert
L. Hays at 877-5560.
Forced to sell- 1972 Mazda
RX 3 wagon, 22,000 miles,
excellent condition, will deal.
Call 877-9206, after 6 p.m.
1970 Buick Riviera, $2,300.
Call after 6:00, phone
426-3527.
Chevrolet 3/4-ton pickup,
excellent mechanical
condition, 24,000 miles,
automatic trans., canopy,
complete trailer hitch, radio, 6
tires and wheels, front spare
tire mount, gun rack. Only
$2,250. Call evenings and
weekends only, 426-8400.
RENTALS
2-room house, electric stove,
refrigerator, wood heat, in the
country, six miles from
Shelton. Mature person or
couples. Only $80 a month.
Call 426-8074.
4-bedroom home for rent. Call
426-4420 or 426-6657.
BIKES
1974 John Deere 10-speed bike,
black with padded brown seat,
excellent condition. 24" frame.
Was $130 new, now only $75.
Directions: coming from
Shelton, take right at Airport
Grocery. Go straight and take
left at Raelake Mobile Homes.
Straight about 1 block. Look
for "For Sale" sign on right.
Almost new Harley-Davidson
trail bike. 243 miles. Excellent
condition. First $600 takes it.
426-8400 evenings or
weekends.
1973 Kawasaki 750, new tires,
sprocket, chain, windshield,
sissy bar, luggage rack.
Recently tuned up and licensed
for 1975. Only $1,200. See
Karen at M.C.F.C.U.
1974 Kawasaki 500, excellent
condition, has had very good
care, only 3,000 miles. See to
appreciate. Call 426-2580 after
6 p.m. Ask for "Vernon."
TRAI LERS-CAMPERS
1966 Fleet Aire camper, 101/2
foot, self-contained. Asking
$950. Call 426-2459.
Cardinal travel trailer, 16-foot,
sleeps 6, ideal for hunters. Call
426-2392.
22-foot self-contained travel
trailer (Prowler). Call 426-8400
evenings and weekends only.
BOATS
21-foot cabin boat for sale, has
stove, icebox, head '72 80 h.p.
Mercury motor and trailer.
$1,300. Ask Gus.
MOBILE HOMES
1970 12x60 all-electric,
2-bedroom mobile home, on 5
acres, drilled well, double
garage 24'x28', Agate area, 1
acre cleared. Only $14,900.
Call 426-3196. Leaving state.
Will sell separate.
M ISCE L LAN EOUS
Wanted: Piano in good
condition.Contact Judy at
426-1601.
Whirlpool electric range,
avocado, excellent condition,
only $125. Call 426-1669.
Two A78-13 used stud tires.
Only $15 for the pair. Contact
Jim Connolly: evenings
426-8548, days 426-1351.
Monarch electric cookstove,
deep well. Only $35. Call
426-9465 any time.
Single, large rollaway bed.
Only $25. Call 426-16651.
Pre-Easter Layaway
100% polyester
spring coats
guaranteed washable
Regular $55.00
• pant coats and street length
• Zepel treated to shed rain and stain
• 7 styles-- sizes 8-18
I white, peanut, navy, red, and beige
onsoJe
ereo
It's a good buy as it is -- at $499.95 --
but buy now and George will write
you a check for $50.00
• AM-FM-FM Stereo Tuner
• 100% Solid State Stereo amplifier
• 8-Track Stereo Tape Player
• Adaptable to 4-Channel Sound
Thursday, March 20, 1975 - Shelt0n-Mason County
Journal
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