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Show t 12B Emery County Progress, Castle Dale, Utah -- Tuesday, October f 13, 1998 Understanding The Finer Points Of Vehicle Lease Agreements Lease a new vehicle or buy? (NAPS) Thats for repairs. And where implied use of OEM parts is not good enough, several vehicle manufactur- the question facing many Americans each day. Arguments can be made for both methods of fi- ers lease agreements require that, in the event of an accident, lessees must use OEM parts and sheet metal for repairs. For example, both Ford and Mazda leases state: Replacement of Sheet Metal must be made with Original Equipment Manufacturer Sheet Metal. All other repairs must be made with Original Equipment Manufacturer parts or those of equal quality. Should lessees not use OEM sheet metal for repairs, they may incur monetary penalties for violating the lease agreement at lease end. Vehicle owners have the right to request OEM parts for their repairs, even if the estimate specifies aftermarket parts, said George Gilbert, crash parts merchandising manager at Ford Motor Company. We suggest the vehicle owner get involved in the repair process by asking the claims adjuster or body shop technician about nancing, and whats right for you may not be right for your neighbor. But new vehicle leasing continues in popularity with leasing now accounting for roughly 33 percent of all vehicle purchases. If leasing a new vehicle fits your driving habits and financial means, it is important to understand some of the finer points of the lease agreement. An important, yet often overlooked clause in automobile leases concerns the lessees responsibilities for damage repair. Lessees are responsible for any repairs of damage incurred not as a result of normal wear and tear. If the vehicle is in an accident, the lessee must condition. The elereturn it to its ment that most affects this issue is the type of crash parts selected to make the repairs. Crash parts are defined as the sheet metal and plastic components most often damaged in accidents, such as fenders, hoods, bumpers and pre-accide- nt the parts. You may be expected to pay a difference in the cost between OEM and imitation parts, but it may save you money later. Why have vehicle manufacturers like Ford and Mazda mandated exclusive use of OEM sheet metal for lease vehicle repairs? Quite simply, comparative studies have shown that imitation crash parts are of inferior quality compared to OEM crash parts. Ford quality testing and a variety of independent tests of fit, finish, structural integrity, corrosion protection and dent resistance, have shown that OEM crash parts are consistently superior in these fundamental quality categories. d Tests by General Motors, Chrysler on bottom corner of page doors. OEM (original equipment manufacturer) crash parts are made by or for vehicle manufacturers, and are the same as the parts installed on new vehicles. They are made with the same tooling, stamping and materials as the original parts. In contrast to OEM parts, there are aftermarket (unauthorized imitations of OEM parts), salvaged parts removed from totaled vehicles, and reconditioned parts. Your insurance company may specify any of the above listed parts for your repair. Returning a lease vehicle to its condition implies the use of OEM crash parts Corpora-continue- pre-accide- Authorities apprehend, arrest meth lab suspect Deputy Steve Raber of the Carbon Emery Drug Task Force and Police Officer Richard Boyden investigated the report of a suspected meth lab early Tuesday morning in west Price. After receiving information of the incident from a confidential informant, Raber and Price Just what hefty 0 the KeyBank Treasury Indexed With Money Market Account, the higher $50,000 on your balance, the greater your market-base- d interest rate. And you can balances of AND ABOVE access your money anytime by ATM, by check on a limited basis, or by visit- originally designated. If the bill passes, the remaining land, presently managed by the Bureau of Land Management, would be transferred to the Park Service. Through this legislation, many spectacular natural features will be protected under the park system, including 10 freestanding arches, narrow canyons more than 300 feet deep, and balanced rocks. The Bennett bill allows for better long management including visitor access to the area, grazing rights and other land-us- e issues by redrawing the park borders to include topographical boundaries of Lost Spring Canyon and placing it under park management. The legislation also specifies the exchange of one parcel of school-trus- t that would be incorporated into the park for a of land of equal value elsewhere in the state, allowing for portion fair compensation to state education funds. Senator Orrin Hatch was a cosponsor of the Senate bill and the House version was introduced by Rep. Chris Cannon ). Vehicle lease agreements: continued from top of page tion and other major manufacturers have produced similar results. Additionally, because parts do not meet the same specifications as OEM pails, they may compromise the non-OE- ing any KeyCenter. To open a personal or business account, stop by any and KeyCenter, or call select option 2. The APY for balances of: 999.99 is 4.00 999.99 is 2.50 $2, $.01 $2,499.99 is 2.00 $10,000-$2- 4, 500-$- 9, -- www.Key.com t ti (lull NOfcllM LENDER ii & li ii (i ft $ W if it fjt Annual Percentage Yields (APY) apply to new accounts only, are accurate as of October 7, 1 998, and are subject to change without notice. The interest rates for all 5 tiers are variable rates that may Fees may reduce the earnings of the is change after the account is opened. The minimum deposit required to open an account $2,500. The rates on the top two tiers are tied to the account. r n U.S. Treasury Bill. The 1 Member FDIC. i ld continued from page 1 1B Bennetts bill will extend Arches National Park boundaries to Lost Spring Canyon, 3,140 acres northeast of the park. Portions of Lost Spring are already included inside the park, however the canyon was divided in half when Arches was fat interest rates. Variable APY set up to watch traffic near a local convenience store on Carbonville Road. A vehicle matching the suspect description passed at 2:45 a.m. headingtoward 100 North and the business section of town. Law enforcement officers hit the patrol car lights as the subject made the turn, but the vehicle purportedly failed to stop. Other units had been dispatched east of the intersection and subsequently deployed road spikes across the highway. After failing to elude authori-ties- , the driver, James Eugene Kiter of Sandy, was arrested and booked into the Carbon County Jail on felony evading, meth lab, drug paraphernalia and traffic violation charges. Drug enforcement officials indicated that methamphet-aimn- e labs are an increasing problem in the Emery and Carbon areas. They encourage the public to report any suspicious activity which could lead to the curbing the problem. Arches expansion: balances deserve. Big, task force officer Scott Olsen vehicles structural integrity and crashworthiness in the event of an accident. OEM parts are made to have the same reinforcement points and welds as the original parts, to ensure proper fit and structural strength. With the increasing complexity of automobile safety systems such as crumple zones, electronic sensors, and airbags using parts that were intended to work in tandem with such systems is important. And theres more. An independent national study commissioned by an auto manufacturer revealed that non-OE- parts can signifi- cantly devalue a vehicle. In the study, nine out of 10 professional used car appraisers estimated the value of an automobile repaired with imitation crash parts to be less than an identical car repaired with parts an average of OEM $760 less Nine of 10 consumers in the same study devalued the vehicle repaired with imitation parts by $1,670. The message is clear. Know your lease agreement from start to finish so your lease experience will have a happy ending. The use of imitation crash parts for repairs is not acceptable in many lease agreements and the choice to use genuine crash parts for repairs is yours. After all, if you were the vehicle owner, wouldnt you want to protect your investment? |