Lawyers letting go of expensive leases

November 19, 2010
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According to one company, lawyers are wanting out of their car leases more frequently than they were just two years ago.

LeaseTrader.com says lawyers who utilize their service are second in the number of vehicle leases up for trade than other professions. In 2008, 26 percent of lawyers got out of their expensive car leases; in 2010, the number jumped to 51 percent.

To be included in the report, a driver had to have a car valued at $40,000 or more in the LeaseTrader.com marketplace to escape the lease contract. The website allows people to take over leases or get out of their current lease.

Who’s trying to get out of their expensive leases most often? Doctors. Of the five professions listed, insurance brokers are doing the best – only 17 percent of people in that industry want out of their leases.

What I find most interesting about this snippet of data is that women are wanting out of their leases less frequently than men. Sixty-five percent of attorneys who wanted to give up their BMW or Mercedes leases were men; only 35 percent were women. Across the board in all the professions listed, women were far less likely to want out of their lease. The exception is Realtors, where it’s nearly a 50/50 split between males and females.

Why could this be? LeaseTrader.com hypothesizes it’s because women in general aren’t feeling the pain as much as men seem to be in this current economic climate. A possibility, but I’d offer a guess that it has to do with the number of female attorneys who would be able to afford a lease of $40,000 or more. The number of female partners is low. I glanced at the websites of two Indianapolis-based firms with locations around the state, country, and/or world. Less than 20 percent of partners are women.

Women are also more likely than men to work reduced hours or part time, making them less able to afford a higher-priced lease. Perhaps it’s just that women are more likely to buy their expensive car instead of leasing it.

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  1. Based on several recent Indy Star articles, I would agree that being a case worker would be really hard. You would see the worst of humanity on a daily basis; and when things go wrong guess who gets blamed??!! Not biological parent!! Best of luck to those who entered that line of work.

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  3. Don't believe me, listen to Pacino: https://www.youtube.com/watch?v=z6bC9w9cH-M

  4. Law school is social control the goal to produce a social product. As such it began after the Revolution and has nearly ruined us to this day: "“Scarcely any political question arises in the United States which is not resolved, sooner or later, into a judicial question. Hence all parties are obliged to borrow, in their daily controversies, the ideas, and even the language, peculiar to judicial proceedings. As most public men [i.e., politicians] are, or have been, legal practitioners, they introduce the customs and technicalities of their profession into the management of public affairs. The jury extends this habitude to all classes. The language of the law thus becomes, in some measure, a vulgar tongue; the spirit of the law, which is produced in the schools and courts of justice, gradually penetrates beyond their walls into the bosom of society, where it descends to the lowest classes, so that at last the whole people contract the habits and the tastes of the judicial magistrate.” ? Alexis de Tocqueville, Democracy in America

  5. Attorney? Really? Or is it former attorney? Status with the Ind St Ct? Status with federal court, with SCOTUS? This is a legal newspaper, or should I look elsewhere?

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