Vote today..
Polling places:
•Learned Hall •Wescoe Beach •Watson Library •Kansas Union
•Burge Union •Summerfield Hall Lindley Hall 8 a.m..4:30 p.m. today and tomorrow
VOL.100, NO.129
THE UNIVERSITY DAILY KANSAN
THE STUDENT NEWSPAPER OF THE UNIVERSITY OF KANSAS
(USPS 650-640)
ADVERTISING:864-4358
THURSDAY, APRIL 12, 1990
Protesters descend on Strong
Budig outlines steps to end racial discord
NEWS:864-4810
Bv Eric Gorski
By Eric Gorski and Jonathan Plummer Kansan staff writers
Kansan staff writers
Chancellor Gene A. Budig spoke in a packed Strong Hall rotunda yesterday after about 80 students who were upset about the racial climate at KU marched to the administrative offices and demanded action.
Budig, who was attending meetings at the University of Kansas Medical Center in Kansas City, Kan., returned to Lawrence when he learned about the protest. He arrived at Strong about 4 p.m.
About 350 people filled the room and lined the second-floor railing to hear Budig address minority issues and other student concerns. Budig
'Today, I offer the institution's apology to Ann Dean. I have asked the executive vice chancellor to take appropriate action, remembering the
Cruising into the '90s
Leasing less of a commitment
by Bonnie P. Short
Looking for a new car? Don't have the money for a large down payment? Don't want a four- or five-year commitment? Then leasing may be your answer.
"Nine out of 10 people can reduce their financial obligation from a 48 to 36-month period with leasing," said Tom Pollard, Jim Clark Motors, Lawrence.
"If you're like most people, you want to pay for the part you use and give yourself the ability to upgrade your car every three or four years," he said. "Sometimes you can even reduce your monthly payment $30 to $40 a month by going to a lease-purchase program."
Lease payments are based upon the difference between the purchase price of the car and its estimated value at the end of the lease.
"Because your payments are figured on a lower dollar amount, you can afford a nicer car," Pollard said.
Leasing also eliminates the need for a large down payment. A refundable security deposit equal to one month's
payment plus the first month's lease payment is usually all that is required. The security deposit is returned at the end of the lease, provided the car is in good condition and within the mileage limits.
Leasing makes more sense for the average car buyer this year than ever before, according to Harold Ogden, Ogden Leasing, Kansas City.
Ogden points to changes made in the tax laws in 1987 as impacting the attractiveness of leasing.
"This year (1989 tax year) only 20 percent of the interest paid on automobile loans is deductible," Ogden said. "In 1990 it drops to 10 percent and in 1991 it's 0 percent."
391 is 6 percent.
Additionally, personal property tax and sales tax paid on autos are no longer deductible.
atting seniors. College grad leases are available at most dealerships. Graduating seniors with a good credit history and proof of a job after graduation can usually qualify. Some leases are available six months
Ogden also sees leasing as a good way for college students or graduating seniors to establish credit.
prior to or a year after graduation, according to Don Bartley, John Smith Oldsmobile Toyota, Lawrence.
Outsmarted "We are gearing ourselves up more and more toward leasing." Bartley said. "We are educating our sales people so they can pass the knowledge on to the customer."
Bartley considers the three-year lease the magic number because it compares favorably to a five-year financing plan and reduces the obligation by two years.
two years.
To purchase a $15,000 car, for example, at 12.5 percent interest for five years with no down' payment, your monthly payments would be $354.06 including sales tax, license and title fees.
The same car could be leased for three years for $342.19 per month, including sales tax.
Another advantage to leasing for three years, according to Bartley, is that some automobile manufacturers' warranties extend for three years or 50,000 miles making the car covered for the life of the lease.
At the end of the lease, the lessee has three options. He can payoff the
residual balance, finance the balance or return the car to the dealer in good condition and end his obligation
However Bartley warns, leasing isn't for everyone. Most leases set the average mileage limit at 15,000 to 18,000 miles per year. Someone who plans to exceed the mileage limit would need to take this into consideration in setting up the term of the lease or plan to pay the penalty when the lease expires.
How can you help save this Earth?
Find the answers in the Earth Day section of the
the Kansan, Fri., April 20.
First day voters turn out in force
By Matt Taylor Kansan staff writer
Eleanor Macish, Senate Elective Committee chairman, said 2,321 students voted yesterday. A total of 2,375 ballots were cast.
Some tables were running out of
it's for student senators, said
Morris, student body vice
dent.
Poll workers reported heavy turnouts yesterday during the first day of Student Senate elections, and some students complained that flyers were distributed too close to polling places.
lent Senate Elections
lent Senate Elections
lent Senate Elections
Printing Services had to more ballots because of the turnout, said Linda Weeks, her service consultant. She hat to her knowledge, the ead never had to print final ballots during an elec-
more Macnish, chairman of Election Committee, said flots for residents-at-large tone by 12:30 p.m. All the for non-traditional, law, it-at-large and engineering were gone by 3 p.m. great news," Macnish said. e are actually standing in note."
al campaigners distrib- itterature near Watson Wescoe Hall and the Union. Richard Parker in Simon, Senate candi- dians they had been handing for several hours in front
people just laugh a little
ey walk past us," Simon
me person said he already
of our flyers."
t stay sh says
er also said that during last washing visit by Soviet Minister Eduard Shevarchov Soviets indicated that a many does not necessarily neutral, but there was no gas to what this would
nadeze in a magazine arti-
lised published next month,
interest in dual NATO-
fact membership for a
many.
or raised the possibility of a amit meeting later in the discus Germany and the nating role of NATO.
dy the Soviets had insisted al Germany.
house dependence
and urged Bush to extend cognition of Landsberg's one step short of formal
for more than an hour
American represents
rests of Lithuania, Estonia,
which were forcibly
into the Soviet Union in
of the group said they seeking a meeting with January, recognizing that blooming in Lithuania's lee from the Soviet Union a refusal to let it go.
aid that the mere fact et with them would be altic states as a positive