Thu07312014

News

"Brown is the new green," says local water district


Lina Broydo/Special to the Town Crier
Are downtown Los Altos flower pots getting too much water? The Santa Clara Valley Water District plans to hire “water cops” to discourage overwatering.

The Santa Clara Valley Water District is spending nearl...

Read more:

Loading...

Schools

Foothill camps prepare local students for STEM careers

Foothill camps prepare local students for STEM careers


Photos Ellie Van Houtte/Town Crier
Middle school students make robotic hands using 3-D printers during a STEM Summer Camp at Foothill College.

From designing roller coasters to developing biodegradable plastics, high school students received an i...

Read more:

Loading...

Community

Local entrepreneur opens home to Afghan and Rwandan women

Local entrepreneur opens home to Afghan and Rwandan women


Ellie Van Houtte/Town Crier
Businesswomen Joan Mazimhaka of Rwanda, third from left, and Fakhria Ibrahimi of Afghanistan, in orange, traveled to the U.S. with a 26-woman delegation through the Peace Through Business program.

Employees scoop ice ...

Read more:

Loading...

Comment

Moving on: The Rockey Road

Just over a month ago, we decided to put our house on the market. My husband and I had been tossing around the idea of moving back to the area where we grew up, which is only approximately 40 minutes from here. Of course, Los Altos is a great place t...

Read more:

Loading...

Business

Halo heads to Los Altos: Blow-dry bar founder opens new First Street location Monday

Halo heads to Los Altos: Blow-dry bar founder opens new First Street location Monday


ElLie Van Houtte/ Town Crier
Armed with blow dryers, Halo founder Rosemary Camposano, left, and store manager Nikki Thomas prepare for the blow-dry bar’s grand opening on First Street Monday.

A blow-dry bar is set to open downtown Monday, and i...

Read more:

Loading...

Books

"Frozen in Time" chronicles harrowing WWII rescue attempts


Many readers can’t resist a true-life adventure story, especially those that shine a spotlight on people who exhibit supreme courage in the face of adversity and end up surviving – or not – against the odds.

Read more:

Loading...

People

DR. ALFRED HUGHES

Long time Los Altos resident, Dr. Alfred Hughes, died May 1st after a long illness. Dr. Hughes was born in 1927 in Maspeth, NY. He served in the US Army from 1945-6, attended Brooklyn Polytechnic University, then graduated from Reed College in Portla...

Read more:

Loading...

Travel

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway


Courtesy of Ritz-Carlton
The Ritz-Carlton in Lake Tahoe offers fall getaway packages that include spa treatments and yoga classes.

Fall in North Lake Tahoe boasts crisp mornings and opportunities to spend quality time in the mountains. Specially ...

Read more:

Loading...

Stepping Out

'Wizard' winds down at Bus Barn

'Wizard' winds down at Bus Barn


Town Crier file photo
Local actors rehearse a scene from “The Wizard of Oz.”

Los Altos Youth Theatre and Los Altos Stage Company’s collaborative production of “The Wizard of Oz” is slated to close Sunday at Bus Barn Theater, 97 Hillview Ave.

T...

Read more:

Loading...

Spiritual Life

Stanford University appoints new dean for religious life

Stanford University appoints new dean for religious life


Shaw

Stanford University named the Very Rev. Dr. Jane Shaw, dean of Grace Cathedral in San Francisco, its new dean for religious life.

Provost John Etchemendy announced Shaw’s appointment July 21, adding that she also will join the faculty in...

Read more:

Loading...

Magazine

Festival features fun for everyone

Festival features fun for everyone


TOWN CRIER FILE PHOTO
The Los Altos Arts & Wine Festival boasts more than 375 craft and arts booths.

This weekend’s 35th annual Los Altos Arts & Wine Festival promises to be jam-packed with fun activities for just about everyone. The eve...

Read more:

Loading...

Tips From The Auto Brokers: Don't be fooled leasing companies: they're just like dealership

If you are like most people, your first thought of acquiring a new vehicle is a happy one: you behind the wheel of that hot new car of your dreams.

Your second thought is a little less scintillating: you walking into a dealership, like a fly into a spider's web.

As we've stated previously, dealerships are like casinos; they build big, fancy showrooms to lure you in, persuade you that you somehow are going to come out ahead in the car-buying or leasing process and then take as much of your money as they can over a period of several hours.

Leasing companies differ from dealerships in that they don't have showrooms, and they offer you more personalized service. They may go so far as to insinuate that they exist to save you money in your lease transaction.

But don't be fooled: leasing companies, like dealerships, are in the business of making as much money on your leased vehicle as possible.

They don't open up their doors to help you; they open up their doors to help themselves to your money under the guise of helping you.

We've made this point before, but it bears repeating: leasing an automobile is a complex transaction in which the consumer is at a distinct disadvantage. This is due to the lack of federal regulations pertaining to disclosure of what is known as the money factor, or buy rate.

This is the rate the leasing bank charges for the lease. But while the dealership or leasing company is privy to this internal rate, the consumer is not, and typically it is marked up substantially, without consumer knowledge.

We cannot stress enough what a slippery slope this can be for you, the consumer. Your best bet always is to find a broker to act as your agent, in your best interest, to protect you from being gouged.

But we know some of you are stubborn, and others may be convinced that you are the best negotiators walking the earth.

Here is a tip for ye of little faith.

Besides your monthly lease payment, the most significant factor to you in your lease transaction probably will be your out-of-pocket expense prior to delivery. This is the amount for which you will write a check upon signing the lease - your total drive-off. This is not the same as your down payment.

With a leased vehicle, the Gross Capitalized Cost (commonly, the "cap cost") is equivalent to the cash price. When the dealer or leasing company gives you a down payment figure, remember that technically down payment translates into the capitalized cost reduction, or the amount by which you effectively pay down the lease in advance in order to reduce your future monthly payments.

Added to your down payment are the following items: first monthly payment; refundable security deposit (if applicable); licensing fees and any other applicable fees, such as the $5 California Tire Disposal Fee; luxury tax (if applicable); and state sales tax.

In other words: ask for your total drive-off; don't be misguided by the term "down payment."

And don't forget that for every leased vehicle there is a bank acquisition fee, charged by the bank to the dealer for "doing" the lease. This is a mandatory fee that represents yet another opportunity for the dealer or leasing company to mark up the cost of your lease - in this case, an average of an additional $300 to 400 of free money hidden in your lease.

For dealerships and leasing companies, profit is the name of the game; and you, the consumer, are the profit source.

Beware of the wolf in sheep's clothing.

Hammer and Kelly are associated with Hammer Auto, a new car auto broker in Palo Alto. For more information, call 813-6100 or visit the Web site at www.hammerauto.com.

Schools »

Schools
Read More

Sports »

sports
Read More

People »

people
Read More

Special Sections »

Special Sections
Read More

Photos of Los Altos

photoshelter
Browse and buy photos