The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Real Estate This Week, Wednesday, May 5, 1993 - Page 5 Leolah Allen is. just 87-years-young and shows plenty of style while playing in the Golden Agers Bowling League at Georgetown- Bowl. ‘The league is now in playoff action. of Priced for the do-it-yourselfer of Beautiul river view. TOM COMERY at Our jelphy 7G 481 873-2254 or fax us at Sales Representative of Cape Céd sive with 4 bedroomns. yy 877-5165 833-9714 874-3040 wf Master bedroom on main floor Kitchen with washroom & walk- (where it should be) with in pantry ensuite. af Vinutes only to schools, shop- All custom run trim & comice ping & Caledon Ski Club moldings in knot-free pine. of Forced air gas heating wf Entrance hall srytwith pan AY” Backs onto Greenbelt ravine. elled wainscoting. Wa bai A Famiy room with 3 Shyight aes sblanim from builder's sample panto ARTHUR F. Erin Tor. JOHNSON & ASSOCIATES LTD., REALTOR gl ame Buying...? Check Out Halton Hills This Week Classifieds 873-2254 Selling...? MUST BE SOLD Employee relocation “makes the sale of this delightful country } homea must, Only two years old, it contains all BILL ELLIS, Associate Broker Office: 877-9500 CANADA Residence: 877-7528 < PRUSI.. OVER 20 YEARS EXPERIENCE tae Reskor IN REAL ESTATE Communft Television Weekly Programme Schedule for the week of May Ist to May 7th Saturday May 1st OPEN HOUSE(Studio) Thursday 40:00 a.m. Live and Taped = pom arin Cibinte: ssondat 6:90 ‘Change on Lite 5:30 Cable 4um_ i 6:00 *— Kit ‘TV Auction Hed ont i oo (il 10:30 p.m. approx.) Friday Tuesday 5:30 Community Calendar 5:30 6:00 ‘Sportszone 6:00 Optimists TV Bingo 6:30 Region Councit Wedn S30 Weoy Tne Check Schedule daily 6:30 Money in the Bank on Ca a cat Cable Productions TBA = To Be Announced ~ = Lock ‘ (recently recorded programming) 9:00 Prisons — Lock ‘em up 853 4270 New Car Ownership Can Be Fun Again! By George Perdue, B. Se. P. Eng. Interest rates and slow sales are heating up the blood for making good car deals. Leasing a car has its advantages. The big differ- ence in this form of financ- ing is ownership. You don't own a leased car — the leas- ing company does. The prestige associated \with owning the. car is unchanged. Some interesting points surround the concept of leasing. The purchase price or "capitalized cost" is differ- ent for leases. It is based on a "wholesale" price that can make the starting point sev- eral thousand less for leas- ig. The leased car is a "manu- factured used car” and therefore the leasing com- pany will dress the car with the optimum options so that the resale will be highest. This means you will get added options at the same lease price. You pay GST and PST as you go instead of on the whole sum up front. So you never pay GST and PST on the resale portion of the car. For those who can write off vehicle costs the whole lease payment can be writ- ten off. On a $25,000 car the capi- talized cost after tax is $28,750. Financed at 10.75% the monthly pay- ment is $740 per month. Leased the capitalized cost is $23,000. The lease payments are $435 for 48 months plus $65 in taxes. After 48 months the financed car is owned and worth $9,000: After 48 months the leased. car is not owned but can be. purchased for $9,000. The:cost to purchase would be $10,350 including taxes. The monthly cash flow is jn favour of leasing during the 48 months to the tune of $240. If the $240 was invested for 8% the sum would grow to $13,500 which could be used to buy the car and have $3,150 left over. Now remember there are more considerations that can impact your decision so shop carefully and have some fun in the new vehicle. Our next spring seminar series continues with "Big Money with Equities” on May 19 for people who wish. to participate in the huge. returns currently being made in the equity market. Call our office to reserve your seat. George Perdue is @ Financial Planner, Business Consultant, and Partner in Money Concepts, Halton Hills. He can be contacted at (416) 873-1877.