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Thus, one must make sure that it will be suit for the purpose it will be given. Also, the form of financing you choose to pay for it is an important issue. Thus, deciding between obtaining a loan or to lease must be done carefully.

Both financing through loans and leasing have drawbacks and advantages that need to be pondered in order to decide which option is most suitable for the business’ situation. Analyzing thoroughly the options that you business has will let you make a conscious decision and save thousands of dollars in the long run either by obtaining a suitable loan or by getting the flexibility leasing provides.

Motor Vehicle Loans

With a motor vehicle loan you purchase the vehicle by using the money obtained from the loan and though the loan may be secured with the vehicle, it still remains your property. Thus, any risks ran by the vehicle will affect you and you alone. However, if the property is affected, the lender’s security is also affected.

Motor vehicle loans provide affordable monthly payments that can be higher or lower depending on the loan amount, interest rate and repayment schedule of the loan but can always be negotiated to obtain affordable installments. In the long run, motor vehicle loans are less onerous than financing through leasing programs.

Financing Through A Leasing Contract

Leasing is a combined contract that uses certain loan characteristics and certain rent characteristics too. It is basically a program with which one party rents a vehicle which remains the property of the financial company (that can purchase it from a third party in order to close the leasing contract if it doesn’t produce the vehicles) and at the end of a certain period of time, the vehicle’s property can be transferred to the other party and the monthly payments can be computed as part of the purchase price. The remaining amount must be paid to the financial institution in order to complete the transfer.

Leasing provides a fair amount of flexibility as the monthly payments can be lower than loan installments and the vehicle remains property of the financial institution which implies less tax pressure. However, the costs in the long run are higher because when the leasing period is finished, in order to get possession of the vehicle you’ll need to put a fair amount of money down.

The decision of whether to lease or purchase with a motor vehicle loan is really up to you. You need to ponder the advantages and disadvantages of each alternative and only when you are certain that you’ll benefit more from one of them you will be able to decide without having second thoughts later. In order to do so, you’ll have to consider all loan and leasing terms and analyze them comparing them to the business’ needs. As a final tip, if you’ll need to change the vehicle in a short period of time, leasing is the smartest choice, but if you plan to keep it for a long time, a motor vehicle loan will probably be the cheapest and most sensible choice.

The leasing team of Faith Hope Consolo and Joseph Aquino of Garrick-Aug Worldwide, Ltd., along with senior retail consultant, Ferne Glanzrock, have assisted Washington Mutual Inc. in leasing another location in Manhattan.

The long-term lease is for approximately 5, 219 SF, ground level and basement, at 2139 Broadway, on the northwest corner of West 75th Street. The space was previously occupied by Lechters.

Aquino, managing director, states: “This is our second deal with Washington Mutual, also known as WaMu, since the beginning of 2002. The other was the leasing of their first Manhattan location at 498 Seventh Ave., the Southwest corner of 37th Street, in the Garment Center, which took place just a few weeks ago.” Seattle-based WaMu, the seventh largest bank in the country, has joined the recent trend among out-of-town financial institutions in expanding to the New York area.”

“While the other Washington Mutual will be in a major business area of the city, says Consolo, vice chairman, “what could be more appropriate for the No. 1 home lender and manager of over 200,000 investment accounts than to follow-up by opening in one of the major residential and shopping areas of Manhattan — the Upper Westside, on Broadway. The new branch will occupy the corner space on the blockfront between 75th and 76th Streets — probably the best block in the neighborhood, one that WaMu will share with The Body Shop, Neuhaus Chocolatier, Papyrus, Gazoontite, and Eye to Eye”

It will be directly across from the famous Citarella and on the same side of the street between Fairway Market and Zabar’s, two of the Upper West Side’s major heartbeats.”

“This is a great part of the city to live in and a great place to shop as well — Sephora, Skechers, Jean Louis David, The Children’s Place, and Fishs Eddy, are retail neighbors. Now, it’s also going to be a great place to bank.”

“As Joe and I have said before, if you live here, you don’t have to go anywhere else. If you don’t, you might want to visit to find out what you’re missing.”

W&M Properties announced that First Stamford Barbers has signed a renewal lease at 100 First Stamford Place in Stamford, Conn. Jeffrey H. Newman, executive vice president of W&M Properties, JoAnn B. McGrath, vice president of leasing and marketing, and Laurie A. Wade, senior leasing associate, represented the landlord in the transaction.

Making life easier for the golf traveler has become a lucrative business for Darryl Hunter. His ShipGolf.com delivers customized sets of high-end rental golf clubs, shoes, gloves and balls nationwide–so travelers don’t have to lug (or check) their equipment.

Hunter, a 12-handicapper from Irmo, S.C., got the idea while watching late-night infomercials hawking golf gadgets. With some research, he learned that rental club costs varied significantly by location, season and brand. At the high end, a set of brand-name clubs rents for $125 per day in Hawaii. The same set could cost as low as $30 in Myrtle Beach.

“We figured there was a good margin for affordability and profitability,” says Hunter, whose research revealed that 47 percent of all travelers are golfers. “When we learned from the National Golf Foundation that 11.8 million people travel to play golf each year, that really blew us away.”

The company now has locations in the Jacksonville, Fla., and Myrtle Beach airports, and ships club sets (at an average cost of $60 a day) all over the country through a partnership deal with UPS. Hunter’s stock is cutting edge–a customer can fill a bag with a Callaway ERC II driver, Mizuno MP-33 irons, Vokey wedges and a Ping putter.

Business is booming since the launch of www.shipgolf.com. But Hunter is proudest of being able to help some of New York’s finest. A group of White Plains, N.Y., police officers contacted him about a trip they were making to Orlando. They wanted eight sets of Callaway irons. Hunter traded some inventory to get the clubs, loaded them into his SUV and drove them to Orlando himself. Hunter waived his rental fee, and he arranged for the cops’ golf to be gratis as well. “The blessing was making it easier for them to enjoy themselves,” Hunter says.

A new law (SB 1664) ushers in several key changes to the state Homeowner and Renter Assistance program.

The changes are in effect for the 2002 claim year, including an increase in the total household income limit to claim assistance.

Under the new law, for calendar year 2001, the total household income limitation has increased from $35,251 to $37,119; and the gross household income limitation has increased from $64,093 to $67,490. Also increasing for the 2002 claim year is the amount of assistance a claimant can receive: from $326.40 to $472.60 for homeowners and from $240 to $347.50 for renters.

Time Equities Inc. (TEI) recently sold 11,823 s/f of condominium office space at 125 Maiden Lane to the Lower Manhattan Cultural Council (LMCC).

The transaction represents the first sale to a non-profit organization in Lower Manhattan and brings total office condominium sales in the building to approximately 180,000 square feet.

Time Equities pioneered the office condominium trend in downtown Manhattan when it converted 125 Maiden Lane from a traditional office rental building to an office condominium project in spring 2006.

TEI has undertaken major renovations at the property which include a state-of-the-art fitness center; a landscaped roofdeck; and stimulating art exhibits that change on a quarterly basis.

“Office condos are a wise and effective investment for non-profit organizations, which receive full property tax abatements when they own their offices,” said Michael Rudder, director of office leasing and sales at Time Equities. “Non-profits’ overwhelming interest in 125 Maiden Lane and LMCC’s investment in the property further confirms the rising demand for office condominiums in Lower Manhattan.”

Rudder represented the seller in the transaction, while Adam Foster of CB Richard Ellis represented the buyer.

“LMCC has been renting space at 125 Maiden Lane for years,” said Tom Healy, president of the Lower Manhattan Cultural Council.

“It is a first-class space that puts us right in the middle of Downtown’s rapidly-evolving cultural scene. We jumped on the chance to own our ofrice and we look forward to many more years here, propelling Lower Manhattan’s cultural development.”

General Vision Services, the largest third party provider of vision plans in the northeast, has signed a 10-year lease for a new location at 3416 Jerome Ave. in the Bronx, according to Robert K. Futterman & Associates (RKF) executive vice president David Rosenberg and associate director Richard Senior.

The 1,280-SF location is in close proximity to Montefiore Hospital. Neighboring retailers on the popular pedestrian corridor include Foot Locker, RadioShack and Rite Aid, among others.

“General Vision Services will benefit significantly from the area’s dense population and easy access to transportation as well as the customer base it will generate from its nearness to a major metropolitan hospital,” said Rosenberg, who represented General Vision Services in the transaction. Negotiations on behalf of the landlord were handled in-house.

HK Group announced that Doyle Insurance Group, LLC has signed a 4,212 SF lease at 257 Riverside Ave. in Westport, Conn. Peter Jennings, of the HK Group, represented the landlord, Anchorage Ventures, LLC, in the transaction. Mark Brockwell, of MJB Real Estate Services Corporation, represented the tenant.

Levey Miller Maretz LLC announced the following transactions:

* Studio Monee A Salon has signed a five-year lease at 883 Whalley Ave. in New Haven, Conn. Steve Miller, of Levey Miller Maretz, represented both parties in the transaction;

* Woodbridge Grille LLC has signed a five-year lease at 1516 Whalley Ave. in New Haven, Conn. Steve Miller represented both parties in the transaction;

* The Connecticut Association for the Education of Young Children has signed a 3,000 SF lease at Blake St. Center in New Haven, Conn. Steve Miller represented both parties in the transaction;

* Tennis Central, LLC has signed a long-term, 3.2-acre lease at 110 Bradley Road in Woodbridge, Conn. Steve Miller represented both parties in the transaction.

Professional Realty announced that Design Upholstery has signed a five-year lease at 22 Riverside Ave. in Westport, Conn. Mike DiProspero, Larry Katz, and Sam Flax, of Professional Realty, represented both parties in the transaction.

W&M Properties announced the following transactions:

* Jefferies & Company, Inc. has signed a 16,148 SF expansion lease at One Station Place in Stamford, Conn. Cushman & Wakefield represented the tenant in the transaction;

* Cartesis has signed a 7,120 SF expansion lease at One Station Place in Stamford, Conn.

Jeffrey H. Newman, executive vice president of W&M Properties, JoAnn B. McGrath, vice president of leasing and marketing, and Kathleen A. Caracappa, senior leasing associate, represented the landlord in the transaction.

Insignia/ESG announced that Cingular Wireless has signed a 2,400 SF sublease at 575 Fifth Ave. in New York City. Gary Trock and Loren Baron, of Insignia/ESG, represented the sub-landlord, RCS Computer Experience, in the transaction. Equis represented the tenant.

Robert K. Futterman & Associates announced that Pret a Manger has signed a 15-year, 1,500 SF lease at the Rockefeller Center and a 15-year, 1,700 SF lease at 666 Third Ave. in New York City. Robert Futterman and Joshua Strauss, of Robert F. Futterman & Associates, represented the tenant in the transaction.

T. Weiss Realty Corp. announced that Chiropractic-Lower Back Pain Center has signed a 772 SF lease at its 1160 E. Jericho Turnpike property in Huntington, N.Y.

Emmes Realty Services announced the following transactions:

* Nomura Holding American Inc. has signed a five-year, 6,415 SF lease at 20 W. 55th St. in New York City. Seth Miller, of Aegis Realty Corp., represented the tenant in the transaction;

* Kynikos Associates Ltd. has signed a seven year, 5,730 SF lease at 20 W. 55th St. Michael Goldman, of Insignia/ESG, represented the tenant in the transaction.

Emmes Realty represented the landlord:

Insignia/ESG announced that Washington Mutual Bank has signed a 3,000 SF lease at 700 Ave. of the Americas in New York City. David LaPierre, managing director of Insignia/ESG, represented the landlord in the transaction. David Firestein, of NW Atlantic Partners, represented the tenant.

TreeLine Companies announced that Legend Abstract, LLC has signed a 5,100 SF lease at 900 Merchants Concourse in Westbury, N.Y. Kraig Silver, senior vice president of the TreeLine Companies, represented the tenant in the transaction. John Finn represented the landlord.

Cushman & Wakefield announced that-Blue Hill Data Services has signed a 12,672 SF expansion lease at Two Blue Hill Plaza in Pearl River, N.Y. Jeffrey. Prezant, Walter Schoenberg, Curtis Foster, Peter Hamburger, and Jonathan Meisel, of Cushman & Wakefield, represented the tenant in the transaction. Ivan Abry and Carol McGuire, of Mack-Cali Realty Corp., represented the landlord.

Insignia/ESG announced that Pitney Bowes Franchise Finance has signed a lease at E. 80 Route 4 in Paramus, N.J. Donald Sperling, managing director of Insignia/ESG, represented the tenant in the transaction.

Insignia/ESG announced that the Gallup Organization has signed a 25,429 SF sublease at 502 Carnegie Center in Princeton, N.J. Patrick Murphy, executive director of Insignia/ESG, Craig Eisenhardt, director, and Thomas Romano, managing director, represented the sub-landlord; Fleet Bank, in the transaction. Ray Sohmer, of Grubb & Ellis, represented the tenant.

NAI James E. Hanson, Inc. announced that Recall Industries has signed a 35,000 SF expansion lease at 1 Brick Plant Road in South River, N.J. Gary Sauerborn, vice president of NAI James E. Hanson, represented the tenant in the transaction.

Cushman & Wakefield announced that Utica National Insurance Group has signed an 11,806 SF lease at Windsor Corporate Park in East Windsor, N.J. Walter Schoenberg, Peter Hamburger, Curtis Foster, and Jonathan Meisel, of Cushman & Wakefield, represented the tenant in the transaction.

The HK Group announced the following transactions:

* Artistex by Odete has signed a 1,267 SF lease at 190 Main St. in Westport, Conn. Mal Jacobson, vice president of the HK Group, represented the landlord in the transaction;

* Travel Necessities has signed a 924 SF lease at 190 Main St. in Westport, Conn. Mal Jacobson represented the landlord in the transaction;

* Granite Studios has signed a 600 SF lease at 19 South Compo Road in Westport, Conn. Peter Jennings and Robert Lewis, of the HK Group, represented the landlord in the transaction;

* State Farm Insurance has signed a 1,600 SF lease at 222 Post Road in Fairfield, Conn. Alma Ryan, vice president of the HK Group, represented the landlord in the transaction.

Adams & Company Real Estate, LLC, has signed a 15,250-SF lease at 453 West 23rd St. for Anthony Lawrence of New York Inc. The landlord, Twenty-Third Street Associates, set the price for the space at $27.50 per SF for the 10-year lease. James Buslik, principal, and Alan Bonett of Adams & Co. represented both the tenant and landlord.

Goldstein & Associates Realty, Inc. announced the following transactions:

* BBS Trading, Inc. has signed a 3,402 SF lease at 84-86 Mamaroneck Ave. in White Plains, N.Y. Goldstein & Associates represented the tenant in the transaction;

* G & S Shoes USA, Corp. has signed a long-term, 2,057 SF lease at 188-190 Martine Ave. in White Plains, N.Y. Goldstein & Associates represented the tenant in the transaction;

* Be In Touch Wireless, Inc. has signed a long-term, 1,192 SF lease at 54 Mamaroneck Ave. in White Plains, N.Y. Goldstein & Associates represented the tenant in the transaction.

The Treeline Companies announced that Brooklyn Tabernacle Church has signed a 67,000 SF lease at 180 Livingston St. in Brooklyn, N.Y. The Treeline Companies represented the tenant in the transaction. Robert Hebron, of Ingram & Hebron Realty, represented the landlord.

The Burak Organization announced that Reynolds Construction Co. has signed a five-year, 2,000 SF lease at 36 W. 44th St. in New York City. Dana Gordon, of the Burak Organization, represented the landlord in the transaction.

Garrick-Aug Worldwide, Ltd. announced that Leggiadro has signed a 15-year lease at 680 Madison Ave. in New York City. Faith Hope Consolo and Joseph Aquino, of Garrick-Aug Worldwide, represented the tenant in the transaction.

Adams & Co. Real Estate, LLC announced the following transactions at 110 W. 40th St. in New York City:

* Roberto Gramlino, Inc. has signed a 1,140 SF lease;

* The Studio Group, Inc. has signed a 920 SF lease;

* Hispanic Multiple Services has signed a 533 SF lease;

* And Neewra, Inc. has signed a 395 SF lease.

David Levy, of Adams & Co., represented the landlord in all transactions.

Adams & Company Real Estate, LLC announced that Pucci U Inc. has signed a 45,000 SF lease at 44 W. 18th St. in New York City. James Buslik and Alan Bonett, of Adams & Co., represented both parties in the transaction.

W&M Properties announced that Liberty Mutual Insurance has signed an 8,967 SF lease at Ten Bank St. in White Plains, N.Y. L. Graig Lemle, corporate managing director of Julien J. Studley, Inc., represented the tenant in the transaction. Jeffrey H. Newman, executive vice president of W&M Properties, JoAnn B. McGrath, vice president of leasing and marketing, and Laurie A. Wade, senior leasing associate, represented the landlord.

The Gale Company announced that Federal Insurance Company has signed a 78,000 SF lease at 20 Independence Boulevard in Warren, N.J. Robert Rudin and Remy de Varenne, of Insignia/ESG, represented the tenant in the transaction. Rick Centhe and Tom Conklin, of the Gale Company, served as in-house agents for the landlord.

Insignia/ESG, Inc. announced that Interactive Marketing Group has signed a 30,327 SF lease at 50 Commerce Drive in Allendale, N.J. Jeffrey Babikian, senior managing director of Insignia/ESG, represented the tenant in the transaction.

Newmark JGT announced the following transactions:

* Safeway Steel Products has signed a 23,000 SF lease at 515 North Michigan Ave. in Kenilworth, N.J. Ben Shapiro, of Grubb & Ellis, represented the tenant in the transaction. Jack Sievers, of Newmark JGT, represented the landlord;

* Utility Trailer Sales of NJ has signed a 22,000 SF lease at 589 Nassau St. in North Brunswick, N.J. Dave Saltzman, of Newmark JGT, represented the landlord in the transaction;

* Regency Awnings, LLC has signed a 20,400 SF lease at 3480 South Clinton Ave. in South Plainfield, N.J. Robert Casagrande, of Newmark JGT, represented the tenant in the transaction;

* Metuchen Capacitors has signed an 18,314 SF lease at Holmdel Corporate Plaza in Holmdel, N.J. Doug Bansbach, Adam Silver, and Jack Sievers, of Newmark JGT, represented both parties in the transaction;

* Goldmark Foods, Inc. has signed a 12,852 SF lease at 19 Jules Lane in New Brunswick, N.J. Peter Gallicchio, of Resource Realty, represented the landlord in the transaction.

Roughly one quarter of all vacant office space nationwide–and nearly 40% of available office stock here in New York City–is sublease space. This excess is plaguing many U.S office markets, shows a report from Grubb & Ellis and PNC Real Estate Finance.

There is approximately 142 million SF of empty sublease space from coast to coast. The total in New York City is 12.7 million SF. Downtown’s sublease rate is 36.5% and the rates in Midtown and Midtown South are 38.8% and 44.6% respectively, according to the report.

“Our research suggests that there will be a race over the next three years between any market recovery and the rate at which sublease space expires and returns to the market. Sublease space would delay but not reverse a market recovery,” said Bob Bach, Grubb & Ellis’ national director of market analysis.

The report showed a “slight decline” in sublease space during the second quarter of this year. But the decline was tempered by an already huge inventory of sublease space that seems to be growing by the week. Corporate downsizing is adding to the problem, throwing vast chunks of sublease space onto an already-glutted market.

Landlords, reads the report, are closely monitoring the sublease volume within their portfolios as well as the volume within other markets and individual buildings. Perhaps more than ever, landlords are “acutely aware of the possible impact of too much sublease space coming onto the market,” according to the report.

In one sense, landlords can afford not to lose sleep over the sublease glut–they are still getting rent checks every month from their direct tenants. It doesn’t matter if the space being leased is empty.

“For the most part, these leases were signed with credit tenants who have continued to pay their rent obligations so landlords haven’t yet felt any significant pain,” said Nick Buss, vice president of market research for PNC Real Estate Finance.

Landlords are hoping that the overall economy improves before these leases expire and the space suddenly becomes their problem, said Buss.

The authors of the report do not see - the economy “achieving balance” until 2005 at the earliest.

The report also confirms that information companies accounted for 42% of all sublease space now in the market.

“It should come as no surprise that technology, telecom and dot-com markets like-Austin, Boston, San Jose, San Francisco and Seattle are the most heavily exposed to sublease space,” said Bach.

On the flipside, Bach credited markets such as Pittsburgh, Miami, Orlando and tampa as dodging the sublease bullet by shirking the false promises of a “new economy.”

The report also found that Class distinctions are apparent between property types. Class A space accounts for 62% of the total, nationwide sublease space. The total for B and C space (combined) is much lower-38%. The reason for the discrepancy between property types is that Class A tenants have been more susceptible to downsizing, per the report. Also, the “space grab” of 1999 and 2000 dealt mainly with the Class A market.