My brother has leased a new Lexus SUV and a new Mercedes sedan (2-year lease) for less than $900 (USD) per month for both. Insurance about $150 a month for both. This is through a commercial leasing company. If the Watchtower is leasing that many cars and is handling the payments, then they would most likely get fleet rates on the cars and most service would be done under warranty. The Watchtower can buy a group/corporate/blanket liability insurance policy and then be self-insured for collision and comprehensive (far cheaper for corporations than buying commercial insurance). My guess is that it would cost them in the USA less than $50 per car per month for insurance.
If they are charging congregations $7.50 (USD) per publisher per year X 85 publishers ($637.50) X 20 KHs = $12,750 (USD)--- then....
Car lease for upscale sedan with all bells and whistles (commercial rate): $600 per month = $7200. Commercial liability insurance: $50 per month = $600.
Gasoline, basic non-warranty maintenance, parking fees and tolls @ $150 per month = $1800. "Top of the line lease" plus all expenses per annum = $9600.
Net profit to WTS per Circuit = $3350 per year. Allow $350 per circuit for losses due to theft, collision damages, etc. $3000 net profit per annum.
That would be very much on the high side. With my crappy credit I can lease a new Toyota Camry for less than $350 a month. Have you seen the new Camry's or Honda Accords or Hyundai Sonata's? They are very, very nice and very roomy. A fleet rate would be probably half of the individual retail rate.
So - does anyone know what kinds of cars the COs are actually driving? Are they driving Mercedes or Lexi? Or are they driving Chevy Malibu/Impala or Chrysler 300s or Ford sedans? Please advise.
I think the WT Society is using car leasing as just another money-making proposition.
"Badges? We don't have badges. I don' have to show you no stinkin' badges!" Just pay up, brothers!!!
JV