[nabentre] Legal contracts

Wed Mar 14 12:09:18 UTC 2012

Sorry, I do not.  If you really want to just lease, try a dealer for the 
type of vehicle you want.  I guess you might try other rentals and lease 
from them for as long as they would lease it to you.  Then use another one 
after that and so-on.  But that is more hastle than I would want to deal 
with.

When we first started in vending, we talked with the dealer about leasing. 
He said he could do that, but, at the time we did not have the credit 
worthiness to be approved.  It seems rather incongruent that we could 
finance a van to purchase but not to lease; but, that's what happened.

Loren Wakefield

-----Original Message----- 
From: Zeeshan Khan
Sent: Tuesday, March 13, 2012 5:55 PM
To: NAB Entrepreneurs Mailing List
Subject: Re: [nabentre] Legal contracts

To Loren
Thanks for that advice and information.  I went to Zipcar and asked them if
I could use their services for my van pool service, but they said its not
in their contracts to allow that. So do you know of any companies that rent
cars for business purposes on a monthly basis for good rates.

To Albert
Borrowing the car and Hiring a person to drive.

On Tue, Mar 13, 2012 at 2:57 PM, Albert J Rizzi 
<albert at myblindspot.org>wrote:

> Regarding the car leese question. Are you yourself driving the car or are
> yu
> just borrowing the car and hiring a driver?
>
> Albert J. Rizzi, M.Ed.
> Founder
> My Blind Spot, Inc.
> 90 Broad Street - 18th Fl.
> New York, New York  10004
> www.myblindspot.org
> PH: 917-553-0347
> Fax: 212-858-5759
> "The person who says it cannot be done, shouldn't interrupt the one who is
> doing it."
>
>
> Visit us on Facebook LinkedIn
>
>
>
> -----Original Message-----
> From: nabentre-bounces at nfbnet.org [mailto:nabentre-bounces at nfbnet.org] On
> Behalf Of Loren Wakefield
> Sent: Tuesday, March 13, 2012 5:47 PM
> To: NFBnet NAB Entrepreneurs Mailing List
> Subject: Re: [nabentre] Legal contracts
>
> I imagine that unless the person from whom you leased the car, would have
> to
>
> pass it off as a commercial vehicle.  This would bring about higher
> nisurance premiums.  So I'm guessing it would be cleaner and simpler if 
> you
> leased from a dealership.
>
> The advantage of this of course is that it is then your own insurance and
> you can control who you have on the insurance and who can drive it.  It is
> similar if you own the vehicle.
>
> Another problem with leasing, is that it usually takes very good credit.
> There are also major penalties for going over the amount of miles leased
> for.
> Also remember, that insurance companies look for way to charge you 
> premiums
> and not to pay you anymoney back.  So though it might be tempting to play
> loose with what the vehicle is used for, it is probably better in the
> longrun to be honest.
>
> Some policies will let you say the auto is for so much commercial and so
> much private.  Per instance, I had a vending business for several years. 
> I
> had at least 1 auto and 2 vehicles much of the time.  I was able to claim
> that 80 percent of the vehicle's usage was for business and the rest was
> private.  This gave me somewhat of a discount on my premiums.
>
> I hope this helps.  If it is still as clear as mud, you might want to ask
> the question on the blindlaw list.
>
> Loren Wakefield
>
>
>
> -----Original Message-----
> From: Zeeshan Khan
> Sent: Monday, March 12, 2012 3:45 PM
> To: NFBnet NAB Entrepreneurs Mailing List
> Subject: [nabentre] Legal contracts
>
> Hi everyone,
>
> I am not sure if this is the right place to be asking this question but I
> thought since there are a bunch of business people on here, someone might
> be able to help.
>
> As a business, am I allowed to enter into a contract with just an
> individual for instacne , to lease their car and use it for business
> purposes while paying them a rent / lease fee monthly.  This is a bit
> confusing to me, as I feel that there might be too much liability for a
> business to do so, for instance, in the case of leasing a car from an
> individual , there might be issues with insurance or whatever. If anybody
> can help , it owuld be great.
>
> thanks,
>
> --
> Zeeshan Khan
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-- 
Zeeshan Khan
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