Thomas J. Depping Announces Formation of First Bishop/Hawk Leasing

“The leasing industry is turning around, and I want to be back in

the swing of things, “said Thomas J. Depping, former chairman of

First Sierra/Sierra Cities and president of SunAmerica Financial. “ Our main funding source, Bank of France, just received a large investment from the Middle East, giving us a really, really, really low cost of funds. We therefore can offer

minus 5% interest leases.”

Calling it “below wholesale leasing,” there is no interest rate,

and the monthly payment is determined by dividing the months

of the lease into invoice cost over the term, then taking five percent off the monthly payment to determine the “below wholesale cost” payment to First Bishop/Hawk Leasing.

“No interim rent, either, “ he added. The lessee can chose any day

of the month they want to make payments.

As an added bonus, the first three months of new lessees who

sign up for this program, First Bishop/Hawk will not only waive the purchase option, but pay the lessee at the end of the lease what they purchase option would have been. This also applies to “fair market value” leases.

“That’s right, in addition to the 5% off each payment, at the

end of the lessee, we will pay the lessee the purchase option

amount, plus they get to keep the equipment.”

In addition, there is no late charge if paid within the first 60 days

of the payment due date.

First Bishop-Hawk will not be adding any documentation fees, insurance

is not required ( “what do we care?” Depping said )plus the personal property

tax payment is waived as his company is located in Costa Rica, where

they are tax exempt.

Mark McQuitty is in charge of establishing alliances or partners who want to set up a Bishop/Hawk Leasing office in their region. ( His partner Jim Raeder has

retired to become “Mr. Mom,” taking care of his triplets.)

U.S.Post Office Enters Leasing Fray

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“We have a low cost of funds and many loyal customers, “ US Postmaster General

Peter Eaton announced at a Washington, DC news conference.. “ We plan to offer not only mail delivery, but personal service in expediting credit applications.”

Located in every major city in the United States, an office will be set-up by

former leasing executives who have lost their stock and pensions from

defunct leasing companies.

“When you use Priority,” Eaton said, “ I will personally deliver it on my motorcycle.”

Chevron Leasing at the Pump

“ In addition to filling up your car, Chevron will also lease any piece of

equipment that costs more than $100, “ said Jim Merrilees, vice-president

of Chevron Leasing. “Use your telephone, Blueberry or Palm Pilot to laser in your

order, and just punch in the code on the pump and you can get oil, a soda,

gas, stp, and lease any equipment over $100.”

A new division is being established for pre-approved leases over $50,000 with

use of the Chevron credit card.

“You’ve got to think out of the box, “Merrilees said.

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Gates Buys GE Capital, Names McCommon CEO

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Microsoft founder William Gates purchased controlling interest in

General Electric, gaining control of GE Capital, naming his golfing partner

Jim McCommon of McCommon Leasing the chief executive officer.

“The first thing I am going to do, no ‘personal guarantees’, “ McCommon exclaimed. “We’ll do start-up restaurants, tanning salons, and computer

leasing for 84 months.”

He denied rumors that he received the position because he signed the golf

card witnessing Bill Gates shooting a hole in one at Bremerton County Club.

“John Kruse was with me, and also was a witness, “ McCommon stated,

naming Kruse as sales manager to the newly formed company, which he

said was coincidental to the golf game.

They are looking for a fourth, as the play at Bremerton as a three-some.

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Sudhir Amembal, president, Amembal and Association, both anointed a

Duke and made a knight by Queen Elizabeth for solving the war in Iraq.

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“It is with great honor that I recognize Sir Duke Sudhir Amembal for

conducting a class on equipment leasing and mesmerizing Saddam Hussein

entire staff with his explanation of a synthetic lease using an HP 110 calculator,”

the Queen lady said. “ He not only showed Saddam Hussein how to calculate

the tax lease, but gave him the idea to start another business and leave running

a country, particularly with bombs going around him all the time and being

shot at from the sky and from troops on the ground.”

The Queen also gave him East Pakistan.

Hussein has decided to start his own international leasing company and will