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https://bit.ly/3gka5WP YouTube (Come Learn With Me) points Interested in an educational series on hyperinflation, the Weimer Republic and how to profit in a hyperinflation? Write back and let me know. - Grocery Prices Up Steeply From Same Time Last Year - Nearly everything at the store, from beef and cereal, to fruit and veggies, costs more than it did a year ago. - The average prices in March of 2021 for pork chops and chicken breasts are both up more than 10% compared to March of 2020. Eggs and cheddar cheese are both up 6%. - U.S. Bureau of Labor Statistics shows the largest month-to-month increase in almost nine years. - It's a similar story at the gas pump. Prices have jumped more than $1.20 compared to a year ago, but that was when demand was at rock bottom because so many people were at home. - Prices are also up for both new and used vehicles, according to Scot Hall, the executive vice president of operations with SwapALease.com. - https://lnkd.in/e9h6W74
Joining the In Wheel Time crew is Scott Hall, Senior VP at SwapALease with some information on the current state of the new car market. We also get to talk about some upcoming things buyers might see, and we get an update on the aspect of leasing vehicles.Konrad DeLong has today's Car Clinic and we have more Automotive Headlines.----- ----- -----In Wheel Time is a live automotive talk show every Saturday from 9:30a - 12noon with video streaming on YouTube, Facebook, Periscope (twitter) and InWheelTime.comYou can follow In Wheel Time during the week on Facebook, youTube, Twitter, and Instagram.Want more In Wheel Time in real time? Follow InWheelTime.com for the latest updates!Twitter: https://twitter.com/InWheelTimeInstagram: https://www.instagram.com/inwheeltime/Facebook: https://www.facebook.com/InWheelTime/YouTube: https://www.YouTube.com/InWheelTimeTags: In Wheel Timeautomotivecar talk showcar talkLive car talk show
Biography Wil Schroter, Founder & CEO of Startups.com Wil founded his first company, Blue Diesel, as a 19-year-old student at the Ohio State University. Three years later, he merged Blue Diesel with inChord Communications where, as CEO and Board Member, he helped grow the company to over $700 million in capitalized billings within 5 years. In 2003, the company was purchased and renamed inVentiv, which now generates over $2.5 billion in annual revenue and employs 15,000 professionals worldwide. The company was most recently valued at $3.8 billion. Following the sale of Blue Diesel, Wil founded Virtucon Ventures, an idea-stage incubator for Web startups. There he helped conceive and launch a number of well known companies including Swapalease.com, Unsubscribe.com (sold to TrustedID), Startups.co, and Fundable.com. Virtucon's portfolio of companies has attracted more than a dozen prominent venture funds, including Draper Fisher Jurvetson, Founders Fund, Bessemer Ventures, and Charles River Ventures. In 2012, Wil founded Startups.co, now .com, the world's largest startup launch platform. It has since been used by over 1 million startup companies globally. Since then, Startups.co has helped startups raise over $500 million in funding commitments, attracts 20 million early customers, has hosted over 500,000 product launches, and attracted over 10 million visitors per year. The company is based in Columbus, Ohio and employs over 150 full-time staff. The Startups.com platform consists of 6 related products that help entrepreneurs through the entire startup journey Startups.com (education) features lessons from founders including Elon Musk (Tesla), Brian Chesky (AirBnB), and Daniel Ek (Spotify). Fundable.com (equity fundraising) has helped startups raise over $500 million in capital commitments. Launchrock.com (early customer acquisition) has assisted startups in adding 20 million early customers. Clarity.fm (export mentorship) provides startups with access to 10,000 mentors, including Mark Cuban. Bizplan.com (business planning) is used for compiling and presenting business plans. Zirtual.com (virtual staff) adds a virtual team member to startup companies. Interview Notes: Wil got into this journey because he loves teaching others how to navigate the startup journey. The founders journey is also filled with sleepless nights. Wil wanted to create something that offered guide posts along the startup path to guide other founders to success. The perception is different from the reality when you start a business as a founder, there is execution paralysis on how to deliver. Wil and his team found there are three categories of being a successful startup and those things are: Education Bring Smart People to the Table Provide startups with the tools they need to succeed Following that formula Startups.com has brought over 1.2M people to the platform. Fast forward to COVID-19 and the new challenges that brings, Wil is no stranger to challenging times. He was able to navigate the 2000 dot.com bubble, then shortly there after the September 11, 2001 tragedy, then only to see the 2008 financial market bubbles burst. Startups.com was created to help two different segments. The first is the startup journey and the second is the founder's journey. Finally Wil created a podcast called Startup Therapy, that really digs deep into the founder's journey. --- Send in a voice message: https://anchor.fm/ceocrossing/message
Breaking a Car Lease Can Be Costly If You Aren't Careful. Here Are Your Best Moves by Ingrid Case When money is tight, a car lease can seem like an obvious expense to cut. But getting out of the deal isn’t always easy. About a third of the 274 million registered vehicles in the U.S. are leased, with average monthly payments of $450 lasting 36 months. Now with millions of Americans suddenly out of work, many of them are driven by people who can no longer afford their lease payments. Swapalease.
Scot Hall, executive vice president of Swapalease.com and Wantalease.com, acknowledged he’s always been a “glass half-full” person. And the coronavirus pandemic hasn’t changed his mindset.
This nudge could get your friends to start investing in their 401(k) - I’m two months into a car lease, is there a way I can get out of it (Erin) - Can you invest in both a Roth IRA and Roth 401(k) (McFly) - Why you shouldn't invest in penny stocks. - I'm in my 70's and my only source of income is my rental home (Cici) - How do I get over the fear of investing more (Jackie, Florida) - How many years can we go before we start investing (Paris, California) - Scott is proven right again, this time by a Yale professor - My emergency fund saved me from missing my house payment (Jesse, Philadelphia) Mentioned on the show: LeaseTrader - https://www.leasetrader.com/ SwapALease - https://www.swapalease.com/ Get The Complete Guide To Saving Money FREE printed copy of Scott's new book - How to Save $1,000 This Week: http://bit.ly/2w30ZWs
A jam-packed program today, beginning with Scot Hall, VP of Operations for Swapalease.com (which matches individuals who want to get out of their lease with people who are looking for short-term lease agreements). Philadelphia Daily News/Inquirer Marcus Hayes, who has covered sports in Philly since 1995, joins the show to chat about the breaking news of Mike Trout signing a professional sports record 12-year, $430 million deal with the Los Angeles Angels and the dismissal of longtime St. Joseph's Hawks head coach Phil Martelli. Jumping on the line to round out the show is Joshua DuBois with the upcoming "Jesus--His Life" series (which begins Monday 3/25/19 on the History Channel). DuBois is CEO of leading consulting company, Values Partnerships & led the White House of Faith-based & Neighborhood Partnerships under President Obama. (Show note: as with anything in life, including a project on the life of Jesus, be encouraged to do as the Bereans did in Acts 17:11: "Now the Bereans were of more noble character than the Thessalonians, for they received the message with great eagerness and examined the Scriptures every day to see if what Paul said was true." That is, the Bereans did not let the fact it was the apostle Paul speaking mean an automatic pass to whatever he said, but rather they examined the Scripture to be sure)See omnystudio.com/listener for privacy information.
LUXURY CAR HACK #44: Daily Mentoring with Trevor Crane on GreatnessQuest.com SUMMARY: Today, I share you a LUXURY CAR HACK that will help you get a luxury car and still keep your money. I also give away some other useful hacks that will help you save money and be successful in marketing. Hack #1: Go to swapalease.com to find the luxury car you want and avoid having to pay dealers fees and taxes. And, when you lease your car you can write off 100% of it. Hack #2: To be successful in anything, find a mentor and hire them. GET THE APP: Text: TREVOR To: 36260 #greatnessquest #trevorcrane #unstoppable #idealbusiness #ideallife
Saturday 10th March 2018. BEST 7 EVS GENEVA According to Popular Mechanics: Polestar 1 - Two electric motors drive the rear wheels, and a turbo- and supercharged 2.0L I4 drives the front wheels Lagonda Vision - batteries in the floor and motors in the wheel hubs Volkswagen I.D. Vizzion - a peek into what autonomous cars will look like when they no longer come with steering wheels or pedals, controllable only by voice and gesture when driven “manually.” Steering wheels are here to stay for now though Honda Urban EV - windshield-spanning touchscreen cleans up the dashboard and replaces a myriad of switchgear and gauges, both modernist and utilitarian at once. Honda Sport EV - Honda claims the Sport EV to be a proper sports car because of its low centre of gravity, which is part design choice and part a result of the now-standard packaging of batteries in the floor. Renault EZ-GO - The EZ-GO is Renault's vision of the near-future's taxi cab, a fully autonomous glass box you hail from your phone or at one of its permanent depots dotted throughout cites. Get in through a front hatch and sit in U-shape. New Formula E Racer - Heading into its fifth season for 2018-2019, Formula E says goodbye to the first-generation and hello to the second-generation racer, which looks like the Batmobile. It'll be the first season in which drivers don't swap depleted cars for fresh ones halfway through races. The new Formula E car doubles battery capacity over the outgoing from 28 kWh to 54 kWh, giving it enough juice for an entire race. LEASE OR BUY AN EV? According to Nerdwallet, they say leasing is growing in popularity — now making up almost 30% of all new car sales. But when it comes to electric vehicles, 80% are leased, according to Bloomberg New Energy Finance. Using research from ‘Swapalease’ here are their 5 reasons to lease and what I think of them. They say: “You can get tech upgrades faster. Year-to-year changes in conventional cars are often minimal. The technology going into EVs means each year sees more range, more performance, and more autopilot features.” I say wrong: OTA updates can keep your car current They say: “You avoid the steep depreciation. If you bought an electric car and decided to sell it even a year later, its value would have depreciated dramatically — “like a used bedsheet,” as one commenter wrote on car sale site Autotrader.” I say wrong: in the UK at least, used EV values increased last year They say: “Battery quirks aren’t your problem. Since the lithium ion batteries that power EVs are relatively new, there isn’t a lot of data on how long they last and how quickly they’ll stop holding a full charge.” I say wrong: EV batteries have incredibly low failure rates, and are often covered under very long warranties. They say: “you’ll get more incentives more often. Electric cars are incentive magnets. Federal and state governments seem to want to reward EV owners to support clean energy” I say wrong: Tax credits in the US are ending for some models. They say: “You can scoop up loyalty bonuses. Carmakers also offer both loyalty and conquest bonuses to try to retain customers or lure shoppers away from the competition.” I say wrong: I’ve never heard of any EV maker offering a loyalty bonus if you lease. There’s obviously the famous Tesla referral code which could bag you anything from free supercharging to a new Roadster. But what other EV does that? Have you ever heard of loyalty bonuses to lease an EV? Email me if so, hello@evnewsdaily.com Thank you for listening today, I hope you've enjoyed it. I’d love to spread the word about electric cars so, if you can, share this somebody who might be interested. You can listen to every previous episode of this podcast on iTunes, Google Play, Spotify, YouTube and the blog www.evnewsdaily.com – subscribe for free and get every new episode automatically and first. It would really mean a lot if you could take 2mins to leave a quick review on iTunes which will help us spread the word to a wider audience about electric cars. And if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Twitter @EVNewsDaily, have a wonderful day, and I'll catch you tomorrow. CONNECT WITH ME! evne.ws/itunes evne.ws/googleplay evne.ws/youtube evne.ws/blog
Sharing additional insights with Nick about a recent project the company orchestrated, Scot Hall of Swapalease.com dissects how rising interest rates and falling residuals may impact payments of potential vehicle-lease customers arriving at your dealership or applying for financing through your institution.
Today, I will go through articles I found on the web to help listeners determine the best way to get out of an auto lease. US News and World Report: Buying vs. Leasing Benefits of Leasing a Car Leasing a car is similar to financing the purchase of the car in many ways, but there are some key differences. You might be able to get more car for less money by leasing. That’s because a car loan is based on the full price of a new car, while a lease is based on only a percentage of the car’s price. For example, on a $30,000 car, you’d finance the entire $30,000 purchase price with a car loan. With a car lease, you only pay the difference between the car’s price and what it’s expected to be worth at the end of the lease, which is a car’s residual value. So if the car’s residual value is 55 percent after three years, for example, that means the $30,000 car would be worth $16,500 at the end of the lease. You’d make lease payments on the remaining $13,500 and not the full $30,000.http://usnews.rankingsandreviews.com/cars-trucks/Buying_vs_Leasing/ New York Times: Auto Leases Entice, but They’re Still Costly Which is best new purchase, new lease, or used? So let’s start with the hard numbers. Mr. Reed looked at three ways you could acquire a four-door Honda Accord EX: buying a new 2014 model, leasing the same 2014 car, or buying a used 2011 Accord with 36,000 miles. (Many people in the New York area are paying about $28,211 for the new car, including tax, title and registration.) The analysis looked at the cost over six years, since the average person owns a car for that long, and it incorporated typical buying patterns: the new Accord is purchased with a five-year loan, the used car is financed with a four-year loan, and the person who is leasing must take out two consecutive 36-month leases. (The rest of the assumptions are detailed on the accompanying chart.http://www.nytimes.com/interactive/2013/09/21/your-money/To-Buy-or-to-Lease.html?ref=your-money ) Click to Listen [powerpress] Leasing initially seems to be the cheapest route when you look at total out-of-pocket expenses: It costs $5,244 less than buying new. (Buying a used car is still the most economical. You save $5,277 compared with leasing, and it’s about a whopping $10,500 less than buying new.) But when you account for the teensy fact that you don’t own anything at the end of those six years, the calculus changes. If you had bought the car new, it would still be worth about $11,000, according to Edmunds.com’s calculators. The used Accord would be worth around $5,000. So after you factor in that equity, leasing costs $5,756 more than buying a new car and $10,277 more than buying used. (Buying new costs $4,521 more than buying used.) Leasing is the loser across the board. Leases Most Costly? “If you asked me what is the most expensive way to get a car, the answer would be: You only want to own it during its period of greatest depreciation and then move to another new vehicle,” said Jeff Bartlett, deputy automotive editor at Consumer Reports. “Well, that’s what leasing is.”http://www.nytimes.com/2013/09/21/your-money/car-leases-grow-more-enticing-but-no-less-expensive.html?pagewanted=all&_r=0 Auto Finance News: Average Auto Loans and Leasing on the Rise in 3Q, Experian Says How Popular is leasing in Q3 2014? Experian also found that leasing accounted for 29.1% of all new vehicle financing in 3Q, up 7.1% from a year ago, while 73-to-84 month new vehicle loans grew by 23.7% last quarter, compared with 3Q 2013. Used loans in the same range also grew, up 18% from a year ago.51.8% of all new auto saleshttp://www.autofinancenews.net/average-auto-loans-and-leasing-on-the-rise-in-3q-experian-says/ JD Power: How To End Your Lease Early 1) Return the vehicle to the dealership. This is a traditional lease termination, and it is an expensive option. When you return the vehicle to the dealership, you will be required to pay all penalties. In some cases, you may be required to make all outstanding payments, and pay additional penalties on top of any other fees. This should be a last-resort option. 2) Trade in your vehicle for another vehicle. It may be possible to lease another vehicle at the same dealership. The penalties and fees from your original lease will be rolled in (included) with the new vehicle contract, making your payments higher. This option is also expensive, but it allows you to absorb the penalties from the old lease over an extended period. 3) Find someone to take over your lease. You may be able to find a family member, friend, or co-worker to assume the balance of your lease payments. Several online companies offer this type of service for customers looking to sell their leases. Each leasing company has its own set of requirements, which often include a credit check and transfer fees, and there may be out-of-state restrictions to consider. Use caution when exercising this option: though you are no longer responsible for monthly payments, many leasing companies hold the original lessee liable in the event of a default. 4) Purchase the vehicle from the leasing company. Every lease has a buyout or payoff. This is the amount due to the leasing company if you wish to purchase the vehicle outright at any point during the lease. Depending on the resale value of the vehicle, the payoff may be at or above market value, potentially requiring you to pay more for the vehicle than it is actually worth. 5) Sell the vehicle. Using the payoff amount from the leasing company as a guide, sell the vehicle to another private party. Again, if your vehicle has a high payoff it may be very difficult to sell without incurring a loss. Even if you are forced to take a financial loss, it may be a less expensive option than continuing the outstanding monthly payments on the lease contract. Selling the vehicle is also an excellent option if you want to avoid penalties for excess wear and tear and having exceeded the allocated lease mileage.http://autos.jdpower.com/content/buying-tip/u5xpbCz/how-to-end-your-lease-early.htm edmunds.com: How to Get Out of Your Car Lease the Cheap and Easy Way Can Everyone Swap Leases? According to Swapalease's executive vice president, Scot Hall, it is possible to transfer about 80 percent of leases with no strings attached. But even after a person transfers the lease, approximately 20 percent of leasing companies require the original leaseholder to retain some "post-transfer liability " for the vehicle, said Hall. This means that the name of the person who originated the lease remains on the contract and the original lease holder can be held financially responsible for unpaid balances. These could result from excess mileage charges or lease-end fees. The person who signed the original lease is essentially a co-signer on a loan, Hall noted. If the second person defaults, the bank will try to recover the money from anyone else named on the contract. Nissan , Infiniti and BMW are manufacturers that require post-transfer liability, Hall said. Acura and Honda sometimes require it depending on the state in which you live. However, Hall said that the trend in the secondary leasing market is moving away from post-transfer liability. A small percentage of leasing companies don't permit transfers at all. These are usually banks such as Chase Auto Finance and Huntington Bank Leasing, or credit unions . Before signing a new lease, consider this important factor. If your leasing company allows transfers, you will have more flexibility if you need to end the lease early.http://www.edmunds.com/car-leasing/get-out-of-your-lease-the-cheap-and-easy-way.html Other linsk Swap a Lease: http://www.swapalease.com Did you enjoy the show? If you liked this episode, please consider going to iTunes and subscribing. On iTunes once you subscribe, you can leave a rating and review. Taking this action will help this podcast move up and be more easily found in iTunes. Thank you for an honest rating and review. Here is a link to subscribe or rate and review the show: http://cashcarconvert.com/itunes Alternatively, you can let me know your thoughts about the show on Twitter at @CashCarConvert. Want to connect on Facebook? http://facebook.com/cashcarconvert Check out my new private Facebook community. http://cashcarconvert.com/cccc Want to shoot me an e-mail? Click: james@cashcarconvert.com. Looking for something on Amazon? Please use my affiliate link: http://cashcarconvert.com/amazon Looking for a back episode of the Cash Car Convert? Click: http://cashcarconvert.com/cash-car-convert/ I’m also posting my audio podcasts on youtube. The first 20 episodes are up with the rest to follow. I’m looking at this as just one more platform to be found. http://cashcarconvert.com/youtube Do you have a comment about this interview or about the podcast itself? Please leave a comment below. Lastly, I would appreciate your vote for my podcast in the podcast awards. Podcast Awards: http://cashcarconvert.com/podcastawards I appreciate every listener.
Before the big recession, leasing was a hefty 25 to 28 percent of new car sales in the U.S. But then in 2009, like so many other businesses, it took a huge tumble to just single digits. However today – three years later – it’s back up to 24 percent and who knows where the ceiling will stop. On Autoline This Week John McElroy talks to three experts in the leasing community that will answer that question and more. Joining him on his panel are Scot Hall from the website Swapalease.com, Geoff Robinson, the VP of Marketing for Mercedes-Benz Financial Services in the United States along with car dealer Sam Slaughter from Sellers Buick GMC in Farmington Hills, MI.
Before the big recession, leasing was a hefty 25 to 28 percent of new car sales in the U.S. But then in 2009, like so many other businesses, it took a huge tumble to just single digits. However today – three years later – it’s back up to 24 percent and who knows where the ceiling will stop. On Autoline This Week John McElroy talks to three experts in the leasing community that will answer that question and more. Joining him on his panel are Scot Hall from the website Swapalease.com, Geoff Robinson, the VP of Marketing for Mercedes-Benz Financial Services in the United States along with car dealer Sam Slaughter from Sellers Buick GMC in Farmington Hills, MI.
Before the big recession, leasing was a hefty 25 to 28 percent of new car sales in the U.S. But then in 2009, like so many other businesses, it took a huge tumble to just single digits. However today – three years later – it’s back up to 24 percent and who knows where the ceiling will stop. On Autoline This Week John McElroy talks to three experts in the leasing community that will answer that question and more. Joining him on his panel are Scot Hall from the website Swapalease.com, Geoff Robinson, the VP of Marketing for Mercedes-Benz Financial Services in the United States along with car dealer Sam Slaughter from Sellers Buick GMC in Farmington Hills, MI.