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Coastal Flood Statement issued March 21 at 4:10PM EDT expiring March 22 at 2:00AM EDT by NWS Upton NY * LOCATIONS...Vulnerable coastal locales along the south shore of Suffolk County, and along Peconic and Gardiners Bay. * TIDAL DEPARTURE...Localized minor coastal flooding with tidal departures around 1 1/2 ft above astronomical tides tonight, and 1 to 1 1/2 ft on Friday morning. * COASTAL FLOOD IMPACTS...Brief minor flooding of the most vulnerable locations near the waterfront and shoreline. * SHORELINE IMPACTS...Breaking waves will result in beach erosion with only minor damage possible to dune structures during the times of high tide. * TIMING...During the times of high tide tonight and Friday.

AFFORDABLE LEASE DEALS IN LIMBO

LongIsland.com

The escalation of leasing that has fueled record sales in recent years is slowing to the pace of a medium size turtle. Scarce are the comfortably low lease payments that attracted so many eager buyers ...

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The escalation of leasing that has fueled record sales in recent years is slowing to the pace of a medium size turtle. Scarce are the comfortably low lease payments that attracted so many eager buyers , relieved to avoid finance payments that seemed more like second mortgages , especially on large S.U.V.s.

Big banks , finance companies and car manufacturers who all vigorously competed for you leasing dollar have substantially over projected lease end values ans are now reeling from losses that approach $11,000,000,000.00 ,that is correct Eleven Billion Dollars!

Those projected values caled residuals exceeded actual values of vehicles returned at lease end. The average loss was $ 2,000 per unit. Often this significantly compromised or eliminated the lenders front end yield or profit.

Fiscally dishartend some very large leasing lenders have withdrawn from leasing completley , GE Capitol , First Union , Bank of America and Bank One to name a few.

On a brighter note car manufacturers , like the consumers they build for , have also been spoiled by the increase in sales a good lease program can generate .

I believe other auto makers are likely to follow chryslers lead in offering jumbo rebates to be used in conjunction with lease programs resulting in more plausible payments with the bonus of lower residuals.

Look for new incentives in the new year.

Happy Holidays To All.

by Joe Spirio