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AuthorTopic
bennew11

(5 Posts) 5/31/2011 3:09:10 AM
Buying cars and taking out leases
I would like to get more information regarding buying a car for the purpose of obtaining a medallion lease. What is the best way to do it? What is a fair price to pay? What if any pitfalls are there that I should consider when buying someone out? Thank you.
gliguyny

(16 Posts) 6/6/2011 4:22:21 AM
Re: Buying cars and taking out leases

well you should consider few things before buying a car, first of all make sure you are buying a crown victoria and make sure you have atleast 2 years remaining to make money and the price is not more than 13 to 14 grand. then make sure the car is in good shape, then talk to the broker who has that agreement with the other guy you are buying the car from, then go and talk to the broker and make sure after two years he will renew the agreement and will let you buy a new car and if he is not, then its not worth it, what brokers are doing these days is this that they want extra five to ten grands to renew it so its not worth it and if the broker is fair enough than make sure the weekly lease is not more than 900 a week, make sure the car has good tyres and stuff. i think thats all, and usually whatever lease you are paying just put this total money in there and then put a day or a nite driver in there than see how much you are paying and how much you are making and then do plus and minus and you will know what you are going to take home in two years or whatever months are left in the car. i think you must have got atleast some idea how to do it.

staytune

(74 Posts) 6/6/2011 8:46:40 AM
Re: Buying cars and taking out leases

what is the insurance cost for one driver and 2 driver? do you have to purchase liabilities only or full coverage? are there any service charges for the meter? any other fee pay to the TLC?

uzikan

(10 Posts) 7/8/2011 9:42:33 PM
Re: Buying cars and taking out leases

WELL TO ANSWER TO gliguyny ABOUT THE BROKERS CHARGING THE LEASEE THE 10 GRAND TO RENEW THE LEASE FOR ANOTHER 3 YEARS IF LEESEE WANTS TO BUY ANOTHER NEW CAR AND STAY WITH SAME MEDALLION BEING LEASED TO DRIVER FOR PAST 2 YEARS OR SO ANSWER IS PLAIN SIMPLE ONCE A CONTRACT IS OVER GOING INTO NEW CONTRACT OWNERS OF MEDALLIONS TODAY GET AS MUCH AS $3.400 PER MONTH FROM MY BROKER AND BROKER PAYS ALL EXPENSES SO KEEP IN MIND THAT ALL RENEWALS ARE UP TO THE BROKERS AND MEDALLIONS OWNERS AS ALL FOR ALL EXPENSES WENT UP TO BROKERS AND MEDALLIONS OWNERS NOTHING STAYS THE SAME BROKERS PAY TODAY TOP DOLLARS TO MEDALLIONS OWNERS IN ORDER TO GET YOU A MEDALLION THAT YOU AS DRIVER BUY CAR AND HIRE YOUR OWN DRIVERS AND BE A SELF EMPLOYED YET BOSS OR ENTRPANEUR SO YOU PAY FOR WHAT YOU GET BUT MOST OF ALL YOU MUST DO THE MATH REAL CAREFUL OF YOUR TOTAL EXPENSES FOR INSTANCE YOUR REPAIR BILLS ON YOUR CAR TAXI THAT IS CALCULATE THE BREAKDOWNS OF YOUR NEW CAR AND ITS YEARLY DEPRICIATION AND SO ON FOR THE REST OF YOUR EXPENSES FOR YOUR ALMOST LIKE AN OWNER YOURSELF AS YOU OWNING THE CAR TAXI HIRING THE DRIVERS CHARGING YOUR OWN DRIVERS ALL INCOMES AND EXPENSES MUST BE WELL CALCULATED IF YOU READING THIS AND YOUR A MEDALLION OWNER AND U WANT TO LEASE IT AS OF JUNE 15 MY BROKER PAYS $3.400 PER MONTH NEED HELP ON THAT CALL ME UP 9178536220

 
 


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