European shares get boost from Iran nuclear deal

LONDON, November 25, 2009 of Reuters)--European shares led to a five year-high, and Germany's DAX set a new record on Monday with airline stocks and French automakers getting a big boost from nuclear agreement signed between the Iran and world powers.

The deal eased geopolitical tensions and raised risk appetite in markets worldwide, as the West sanctions against the Iran in return for Tehran relaxed curbing its nuclear programme at least temporarily.

Travel and leisure stocks rose 1.6 percent, led top sectoral gainers, airlines.

Energy stocks pressure on oil prices after the deal that included hitting the easing of a ban on European insurance for shipments of Iranian oil, the smooth Iran's crude oil exports can help its major Asian customers.

"The Iran deal helps risk-sensitive stocks in the short term, but the equity risk premium is only slightly lower and shares have only a little bit higher, came," Jeremy Batstone-Carr, analyst at Charles Stanley, said.

"It's a good start, but it is too early to say what will be the long-term effects of the transaction."

IAG, the owner of British Airways and Iberia, rose by 2.4 percent, Air France-KLM advanced 1.8 percent and EasyJet gained 1.3 percent.

French automaker PSA Peugeot Citroen and Renault, which had a considerable threat to the Iranian car market of Western sanctions on Tehran have been tightened, 4.6 per cent and 1 per cent or won. Energy stocks fell but 0.6 percent.

1531 GMT was the Pan European FTSEurofirst 300 0.4 percent at 1.301,72 points, while Germany's DAX Rose 0.8 percent, close set a record high.

The volatility index VSTOXX, widely followed barometer for investor nerves about the market touched its lowest level since 2007.

The eurozone blue chip-Euro STOXX 50 index rose 0.4 percent to 3.068,48 points, with technical analysts positive on the index-Outlook.

"The measured tendency of the Euro STOXX 50 index remains optimistic and positive with the climb of the 200-day moving average," said Murray Gunn, Director of technical analysis at the HSBC Bank.

He saw that the support the index at their recent the 3.016 low and a movement among 2.999, said a deeply on 8 November the first sign would be that the trend changed.

Among top individual moving German dialysis provider Fresenius Medical care rose by 7.5 per cent, the top gainer on the FTSEurofirst 300, according to a US Healthcare Agency, said it would not cut reimbursement rates for kidney dialysis 2014 as was proposed in July.

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How to cash in on 'early return' car lease deals

By Herb Weisbaum, The ConsumerMan
Everyone who leases their vehicle knows what happens if they return it before the end of the contract –you get hit with an early termination fee. That is, unless the manufacturer or dealer wants you to get out of that lease and into another.

“Both car companies and dealers want to keep you in their product,” said Jeremy Anwyl, vice chairman of Edmunds.com. “This is really a cheap way for them to hold onto a customer, and that’s obviously very important.”

These so-called “pull-ahead” lease offers are fairly common. They generally take place about 90 days before the lease ends.

Manufacturers use them to better manage their inventory, according to Scott Hall, executive vice president of Swapalease.com, an online car-lease exchange service.

“If they’re trying to get rid of excess vehicles, pulling in leases ahead of schedule is a good way to keep their customers and possibly get them into the models they need to move,” Hall explained. “It could also be to get certain types of vehicles to auction at a more attractive time of year.”

For example, they don’t want a bunch of convertibles to come back in the middle of winter because they’re harder to resell. So they might try to pull them in ahead of schedule.

There are two types of pull-ahead offers: those offered by the manufacturer (or its finance company) and those from the dealer.
“If the car company is funding it, then it’s really doesn’t cost the consumer anything,” Anwyl explained. “They’re basically eating the cost of paying for those last few months. So it’s an extra incentive to the consumer and it could make a lot of sense.”

Jack Gillis, author of The Car Book 2013, urges caution if the dealer is offering to get you out of that lease early.

“Chances are the vehicle is worth more than what they estimated in your ‘residual value’ notice,” Gillis said. “This happens when the used car market is hot and used car prices are high, as it is right now.”

Clearly, there’s no obligation to accept the offer. You need to run the numbers and if they aren’t appealing, keep the current lease.
If the vehicle is worth more than the residual value, you may want to wait until the end of the lease, because you’ll probably get a better deal on the new lease.

Or maybe you should buy that next vehicle
If your goal is to save money, leasing is not the way to go. In fact, consumer experts say it can be significantly more expensive than buying.

“People who lease think it’s a really good deal because the monthly payments are lower. In reality, they typically pay more,” said Anthony Giorgianni, associate finance editor at Consumer Reports.

For its January issue, Consumer Reports Money Advisor ran the numbers for a 48-month lease versus a 48-month loan on a new vehicle with a negotiated price of $30,520. The editors assumed 10 percent down, a $500 acquisition fee for the lease, and average depreciation.

Because the monthly lease payment was significantly lower – $348 vs. $659 – the total outlay in cash after four years was nearly $15,000 less than what the buyer paid. But the buyer had a vehicle worth $15,494 at the end of the loan.

In this example, leasing was $559 more ($19,767 vs. $19,208) and that does not include the end-of-lease disposition fees (such as excess mileage) which could be hundreds of dollars more.

Because of this price differential, Gillis advises buying your vehicle when it comes off lease rather than getting into the perpetual cycle of leasing a new vehicle every few years.

“After all, the key to finding a good used car is to know its history and you’ve been driving this car, so you know its history,” he said. “Furthermore, there’s a chance that the residual value is less than the actual value of the car, which means you can get a bargain.”

You can find the market value for that vehicle at sites such as Kelly’s Blue Book or Edmunds.

“If the vehicle is in good shape and has served you well, and the market value is more than the residual value – buy it and stop leasing,” Gillis advised. “Offer less than the residual value. Chances are high that the dealer will take your offer as that saves them the refurbishing and marketing costs to resell the vehicle.”

How do I find out about these early-returns offers?
Pull-ahead offers aren’t really marketed. You won’t see ads for them on TV or in the newspaper. You just get a call from the dealer or a letter from the finance company about three month before the lease is up.

They’re more common at the end of the year when manufacturers are trying to hit their quotas, but they come and go throughout the year.

Right now, Mercedes-Benz “4 Payment Loyalty Accelerator Program” is available on dozens of models. Ford has a “2 Month early Bird Program” for some Mercury lease customers. Porsche also offers early return incentives for some vehicles.

Edmunds.com lists pull-ahead deals on the Incentives and Rebates page. Click on a vehicle and look in the “other” column.
Here are a few tips from Edmunds for anyone who receives a lease pull-ahead offer:

Read the offer carefully so you understand all the terms, conditions and possible fees. Consider the mileage factor: Are you under the limits of your current lease or over it? What's the annual mileage on the new lease? Ensure that the drive-off fees from the first lease will carry over to the new lease. Contact your lease company and ask for the current "buyout amount" for your car. Compare that with the trade-in price. If value is higher than the buyout, you have equity in your car and you will be in a strong position to negotiate good terms on your next vehicle.

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Just like cash in on 'early return of car leasing deals

By Kraut white tree, the ConsumerMan
Who your vehicle knows leasing, what happens when they can get it before the end of the contract-Scouting back with an early termination fee hit. That is, unless the manufacturer or retailer wants to get out of this contract and in another.

"Car companies and dealers keep want in their product," said Jeremy Anwyl, Deputy Chairman of the Edmunds. "This is really a cheap way for a customer to keep, and that is of course very important."

These so-called "Pull-ahead" leasing deals are widely used. You will find instead of usually around 90 days before the end of the rental.

Manufacturers use them better manage their inventory according to Scott Hall, executive Vice President of Swapalease.com, an online-auto-leasing-Exchange service.

"If they try to get rid of excess vehicles, prematurely withdraw leasing contracts is a good way to keep their customers and maybe get in the models, they need to move," said Hall. "It might also get certain types of vehicles for auction and a more attractive time of the year."

You want to come back for example no bunch of convertibles in the middle of the winter, because they are harder to resell. So they could try to pull them earlier than planned.

There are two kinds of pull-ahead offered: offered by the manufacturer (or the finance company) and from the dealer.
"If the car company, financing, then it really is not the consumer nothing cost," Anwyl said. "they are basically the cost of payment for these last months food. So it is an extra incentive for consumers and it could make a lot of sense."

Jack Gillis, author of the car book 2013 calls for caution, if the dealer you get out of this lease early offers.

"Chances are that the vehicle is more valuable than what they estimated in your message of"Residual value"", Gillis said. "This happens when the used car market is hot and used car prices are high, as it is just."

Clearly, there is no obligation to accept the offer. For them to do the numbers, and if they are not speaking, keep the current lease.
If the vehicle is worth more than the residual value, you should wait until the end of the lease term, as you probably get a better deal on the new lease.

Or maybe you should buy the next vehicle
If your goal is to save money, the leasing is not the way to go. In fact, consumers say it can be significantly more expensive than buying experts.

"Think people who lease, it is really a good deal, because the monthly payments are lower. "In reality, they usually more, figures", said Anthony Giorgianni, Associate Finance editor at consumer reports.

For the January issue, consumer reports money Advisor ran the numbers for a 48-month lease compared to a 48-month loan on a new vehicle with a negotiated price of $30.520. The editorial staff assumes that 10 percent is a down $500 purchase fee for the cession and average depreciation.

Since the monthly leasing rate was significantly lower $348 vs. $659 total consumables in cash after four years of almost $15,000 worse than what the buyer paid. But the buyer had a vehicle valued at $15.494 at the end of the loan.

In this example, leasing was $559 more ($ 19.767 vs. $19.208), and this includes not the end of lease disposition fee (such as excess mileage) could be hundreds of dollars more.

Because of this price difference Gillis advises to buy your vehicle, if it comes about, from leasing, rather than getting into the eternal cycle of leasing a new vehicle every few years.

"Because the key for a good used car is to see, to know, its history and you have been driving this car so that you know its history," he said. "In addition, there is a chance, the residual value is less than the actual value of the car, which means that you can make a bargain."

You can find the market value for this vehicle at sites like Kelly Blue book or Edmunds.

"If the vehicle is in good condition and has done good service to you, and the market value more than the residual value is - buy it and stop leasing," Gillis advised. "Less than the residual value offer. Chances are high that the merchant will accept your offer, such as the renovation and marketing costs saving them to sell the vehicle."

How do I know of these early returns offered?
Pull-ahead deals are not really marketed. It will not show for them on television or see in the newspaper. You will receive only a call from the dealer or a letter from the finance company about three months before she lease has expired.

They are at the end of the year when manufacturers try to beat their quotas, but they come and go in the course of the year more widely.

Right now, Mercedes-Benz "4 payment Accelerator loyalty program" is available on dozens of models. Ford has a "2 month Early Bird program" for some mercury-leasing customers. Porsche also early return provides incentives for some vehicles.

Edmunds lists pull-ahead deals on the side of incentives and discounts. Click on a vehicle and look in the "other" column.
Here are a few tips from Edmunds for who receives a pull-ahead lease offer:

Read the offer carefully so that you understand all terms, conditions and possible fees. Consider the mileage factor: they are subject to the limits of your current lease or over it? What is the annual mileage on the new lease? Make sure that the fees with the launch of the transmitted first lease on the new lease. Contact your leasing company and questions after the current "buyout amount" for your car. Compare that with the trade price. If higher than the buyout have value equity in your car, and you are to negotiate in a strong position, good conditions for your next vehicle.

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Finding the best incentives in new car deals

DETROIT - spring is usually a good time to buy a new car, and with today's high gas prices, many people are searching for the trade are in their car for a more economical.

But the market for new vehicles upended caused earthquake in Japan this spring as a result of errors on 11 March. Lack of parts forced many car manufacturers, temporarily stop production, caused a ripple effect that supplies many popular models and in many cases, higher prices mean lower dealer. The average price for a new car is up to $350 since the earthquake, according to Edmunds.

What is a car buyer to do?

Your purchase could you up later in the year, when production should be back to normal and car dealers probably better offers are postponed, have. If the lease expire this summer is set, questions you, whether you can expand it for a few months. Or maybe you can few payments to someone else in the last leasing are better stored up car dealerships.

LeaseTrader.com you can match with someone looking what lease you a "bridge the gap" calls, and you need a down payment. "Taking over an eight-month lease with low monthly payments possible would someone to delay their car shopping by early 2012, when supplies are expected once again at the normal level," said Sergio Stiberman, founder and CEO of the Web site.

A used car is not really right now, either - their prices are a good alternative close to record highs.

The combination of higher demand for new cars and low stocks means that car manufacturers and dealers not so hard on discount spend. Edmunds reported that the average ", how expensive incentives"-a sales weighted average of all interest subvented by cash discounts and leasing programs - was $2,118 per vehicle in April, $250 or 10.6 percent from March, and $515, or 19.6 percent from April of last year. It is the lowest incentive spending since October 2005.

"This is the clearest indication yet, the car manufacturers are gearing up for the inventory shortages," said Jessica Caldwell, Director of industry analysis for Edmunds. "The demand for new cars has grown as the economic recovery has been strengthened, but now the industry occur a hiccup, if consumers decide to wait until the next business to come, possibly not until the autumn."

If you need to buy a car now, there are still good deals are, if you know where you are looking for. Sites like Kelley Blue book, Edmunds and Truecar.com have usually a feature of "Deals of the week" on their main page, but you can a little deeper into these sites and find out the discounts and incentives on almost every car. Incentives take typically for a month or more, but it is always best to check, whether published offers in your area are good.

Many car manufacturers offer cash discounts for military veterans, college students and recent graduates, and get an extra discount when you trade in a car of the same brand. Great financing rates are also available, if you get your loan through a captive finance company for the carmaker.

Hobbies you get also a good business: Ford Motor, for example, offers a discount of $500 on the compact SUV escape you are Member of the American Quarter Horse Association.

© 2011 Forbes.com

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