Government Motors Meets Obamacare

Our fleet of company vehicles is due for a major overhaul so today I am out car shopping. I’m looking at several different options because come January the prices of the cars are going up by 40%-80% and the selection of options for the vehicles will become extremely limited.Lucky for me President Obama is allowing a couple of options to avoid the major aspects of his new car law. There are two options I can choose from. One is renewing my leases early without having the dealership check the mileage and wear and tear. The other is renewing my leases when they are due April 1st but now the dealer has the right to increase my price based on those three criteria. The question is, which option should I choose?Early RenewalThe current leases expire in April of 2014 but I am able to renew my leases December 1st. The new price allows me to keep the cars that I like while only increasing my price by 8% a month. By extending my leases I have the ability to renew it for another 12 months now, which will carry me through November of 2014.Renew and RetainI also have the ability to keep my current lease price, but come April my lease price might change. It could go up quite a bit depending on the mileage and the wear and tear on the vehicles. And I can’t change any of the terms of my leases or I become subject to the new requirements. These new requirements will cause substantial price increases for new vehicles because they'll be required to include free roadside assistance and oil ch...
Source: InsureBlog - Category: Medical Lawyers and Insurers Source Type: blogs