New Or Used Why You Should Finance Your Car

It is very easy these days to buy a new car through various car loans available these days through which the purchase of a new or used car has become relatively easy. There are many car financing tips given buy auto dealers when buying a new car that can help you understands where to invest … Continue reading “New Or Used Why You Should Finance Your Car”

It is very easy these days to buy a new car through various car loans available these days through which the purchase of a new or used car has become relatively easy. There are many car financing tips given buy auto dealers when buying a new car that can help you understands where to invest and avoid various scams environment opportunities. When purchasing a new car, you generally have 3 payment options: financing, leasing and paying in cash. Financing is the most common option because it is generally the most practical, in a financial sense.

Paying in Cash – Paying in cash may eliminate monthly payments and interest costs, but it also takes a large portion of savings, and it may leave you in a financially constricted situation.

Leasing a Car – Leasing a car is essentially renting a car. You make monthly payments on the vehicle, but you never really own the vehicle. Car leases are contracted through a specific period of time and can be obtained through banks, credit unions and auto dealers. The monthly payments you make when you lease a car will be much lower than if you were to purchase a vehicle however, there are some major downsides to leasing, including the following:

More expensive in the long run – When the lease contract is up you either have to lease a new car or purchase one. When you finance a vehicle you will be payment-free after you pay off the loans. Limited Mileage – A car’s mileage affects the resale value, and as a result leases have an annual mileage limit, approximately 10,000 to 15,000 miles per year. If you exceed the annual mileage limit you will have to pay a hefty penalty. Higher Cost of Insurance – If you’re leased car is stolen or in an accident, basic insurance will not likely cover the whole cost of the vehicle, and you will be stuck paying out of pocket. To avoid this, GAP insurance is highly recommended. An expense you wouldn’t need if you purchased your vehicle through financing.

Financing Your Car The best option for a majority of all Americans is to finance your vehicle. It makes the most financial sense. Different from a lease, once you have completed all your monthly payments over a specific period of time, you own the car permanently.

The great thing about financing a car is that you have many options for finding the payment plan that works best for you. You can choose the term of your lease, which is the period of time you will be making monthly payments. Keep in mind that a longer term may mean lower monthly payments, but will result in a higher total cost.

If you’re looking for Auto Financing Chicago then visit Haggerty Ford dealership because they are the most reliable ford car dealer in Chicago & surrounding area.

Six Words Describing Small Business Finance by Stephen Bush

The “simpler is better” perspective used in this article reflects a belief that a more concise explanation about commercial loan problems and the resulting impact on their business financing options might produce the biggest benefit for small business owners after hearing an almost endless number of reports about commercial lending difficulties. In several other commercial finance reports such as “seven words to describe commercial mortgage loans”, we employed a similar strategy. This article was produced in a direct effort to provide more understandable insights about some of the most critical business finance circumstances effecting commercial borrowers, and the approach in this report is to describe current commercial financing issues in six words.

Small business finance options are often more complicated than anticipated by many business borrowers, and we want to emphasize this point before proceeding. We are definitely not attempting to characterize business loans and working capital financing as either straightforward or simple. In fact, quite the opposite is the case. Our ongoing observation is that most business financing processes have always been excessively complicated and that meaningful improvements are not on the way. In the face of the prevailing commercial lending complexity, we nevertheless feel that it is critical for each small business owner to have an absolute and total understanding of the entire commercial finance process. To help in providing more understandable insights about commercial loans and business banking problems, this particular report is one of several thorough efforts on our part.

“Banks are saying no more often” is our first example of six words describing business financing options. For any small business owner still unaware of this harsh reality and who might doubt this observation, a series of candid conversations with other business borrowers will probably remove all doubts. The primary point to remember is that banks are not currently providing an adequate level of business loans on a widespread basis. When they hear their bank say no to routine requests for commercial financing, it is important for small businesses to realize that they are not alone.

“Commercial property values have decreased dramatically” is a second observation. There are very few exceptions. The biggest business financing impact is likely to occur with commercial refinancing situations. Even if a business owner has no interest in refinancing their commercial mortgage, many banks are aggressively recalling existing commercial real estate loans and this literally forces a borrower to seek business refinancing whether they want it or not. With decreasing commercial real estate values, business refinancing will be a challenge for most small businesses.

“Lines of credit are disappearing fast” is another six-word description of commercial financing. Even the most successful businesses need a reliable source of working capital financing, so this situation is especially serious if a business cannot replace bank financing when it suddenly disappears. Even if a business still has an adequate line of credit, it is important to realize that on a widespread basis banks are reducing and eliminating business credit lines with almost no advance notice.

“Business financing is in intensive care” is our final observation in this report. Small business owners need to be prepared to take more extreme measures such as firing their banker and finding alternative commercial funding sources. Bankers have not been sufficiently candid about commercial lending problems in the past, and nobody should expect that they will publicly announce that they are in any kind of financial trouble. On the contrary, a prevailing outlook from most banks is they are lending normally to small businesses. Commercial borrowers will need a healthy amount of skepticism when dealing with any commercial lender.

As mentioned earlier, to help small business owners survive an extremely challenging commercial lending environment, this article is one of several efforts we have undertaken. This report was intentionally designed to produce a concise overview of several complex small business finance issues by describing commercial loan difficulties in six words. A better understanding of practical business financing options for commercial borrowers should also be realized by reviewing related reports such as “six words describing working capital management” and “seven words to describe merchant cash advances”.

Stephen Bush and AEX Commercial Financing Group provide business consulting help for small business finance programs and working capital loans:

Obtain Business Capital Using A Variety Of Commercial Finance Options

Commercial finance is one of the many options available to entrepreneurs seeking capital to start or grow an existing business. This sort of financing is also referred to as asset-based lending, meaning that it is a secured business loan. The borrower guarantees the loan by giving up business assets as collateral for the loan. Another popular phrase for commercial finance is asset-based finance.

Account receivable factoring is one form of commercial finance. This consists of selling open invoices for cash that can be used right away in the business. There are many benefits to this financing option including not giving up equity, being able to take advantage of early payment and volume discounts from your suppliers, you can actually purchase in greater volume from suppliers, and you also accrue no additional debt in your business.

Another popular commercial finance option is purchase order financing because it offers quick cash flow reserves. When any business is growing or expanding their business the cash flow simply isn’t there because of the money it takes to market and produce products. Suppliers also want to be paid with C.O.D. and your customers are on Net-30 terms; so you run into a cash flow problem. Purchase order financing solves this issue by paying for the costs of your goods directly to the supplier, thus giving you more cash to use on more critical business expenditures. To begin with purchase order financing simply obtain a purchase order from your customer, find an approved supplier, place the order through that supplier.

Asset based loans, an additional commercial finance option, provide a short term approach to maximizing cash flow within a business. This form of financing is used as test for a business to show how they would perform with a long term loan. The business who is receiving the asset based loan has a short window to prove that with the proper financing their business model is effective, and that a long term loan would ensure business growth over a long period of time. This form of financing is perfect for the business that can’t afford to wait to establish their business credit. The assets that are accepted as collateral for this type of loan include real property, accounts receivables, and completed inventory.

Other forms of commercial finance include bankruptcy reorganization, expansion financing, import and export financing, inventory loans, secured lines of credit, and merchant account advances. Financing a business is a difficult process, but if you utilize the financing resources available, your business have a much greater chance of success.

It is also good to work on establishing your business credit, ensuring that you separate your personal credit from your business credit. With good business credit scores obtaining large loans and other forms of capital is very simple, and you won’t be one of the 97 percent that actually have a loan application denied. One other strategy that is easy to do and beneficial on your quest for business capital is to use a free business capital search engine.Article Source:

QuickBooks Hosting – A Superb Financial Solution by William Smith

QuickBooks software is the most commonly used financial software in small to medium size business organizations. QuickBooks is a very powerful accounting software solution, and can work in a variety of industries and business situations.

Fundamentally, a hosting solution could be the right answer for almost any business. If a business is using QuickBooks, then providing online access to financial data for its financial, professional, or business consultants proves to be a simple, immediate, and cost-efficient answer in order to improve their mutual ability to collaborate or consult on various business issues.

Hosting QuickBooks provides your business numerous benefits.

Accessibility – Anytime, Anywhere

QuickBooks hosting allows you and your clients to access accounting data at any time and from anywhere. This means that client location is no longer a barrier. The finance professional and his /her client, who may be located on opposite sides of the street or opposite ends of the world, still have the same seamless interaction, as if they would have during face to face meeting.

Saves time and money

QuickBooks hosting eliminates the time and expense of upgrading and maintaining QuickBooks on your local network while giving you the flexibility to access your company?s data from any Internet connection. QuickBooks hosting reduces transportation costs as the finance professional and his /her client can work concurrently.

Multi-User Access

With QuickBooks hosting, multiple users are able to access company data on the host servers, allowing them to work in real-time on a single set of data files.

Co-Hosting Option

QuickBooks accounting software can be hosted together with other software, if required, for example, any of the popular tax software. QuickBooks can be co-hosted with various QuickBooks add-ons made by Intuit or third party vendors.

Always Remain Updated

With the convenience of accessing your latest and live QuickBooks data from anywhere and at anytime, you always remain updated about your crucial monetary data.

Convenient and Straightforward

If the accounting professional is handling certain processes for the client, such as payroll or bill paying, using the online system can make this sharing of work much easier and more straightforward.

Use Multiple Versions

Solving the problem of having a variety of QuickBooks installations and client data files on the accounting professional?s system is one of the best reasons to implement a hosted QuickBooks model. The requirement to manage and maintain multiple year versions of software, as well as the client data associated with it, is a big expense that the professional currently, traditionally, bears. This is a redundant resource, as the client is also bearing the cost of housing and maintaining their software and their own data. Using a hosted QuickBooks model centralizes the resource, and eliminates the redundant cost of having multiple year versions of software in two places at once.

High Data Security

QuickBooks host provides strong password protected logins, and high bit encryption and security time-outs to protect your vital data. All data servers are stored in locked cabinets at a physically secured location. It also provides full anti-virus solution and robust firewall protection, so that your business does not suffer at any point of time. QuickBooks host provides fully secured networking operations, so that you do not have to care about data thefts.

Topnotch Technology

Host provides fastest microprocessors and use high speed disks to assure swift networking.

Backup at Multiple Locations

Efficient and technologically advanced hosts provide robust backup at multiple locations.

Full-time Support

Competent application and cloud hosting service provider ensures 24/7 full-time support by security experts without charging any fee.

William smith is an IT and Cloud hosting technology expert at Real Time Data Services (RTDS). He specializes in technical part of application hosting services such as QuickBooks hosting, tax software hosting, Peachtree hosting, CRM application hosting, and many others. The Author always remains fully updated on the current trends in the sphere of application hosting. He is actively engaged in writing articles on various cloud and application hosting topics. RTDS is one of the largest cloud and application hosting service provider.

What are the Advantages and Disadvantages Equity Financing?

Equity financing is raising funds for investment through sale of company stock. The many advantages and disadvantages equity financing make this option a tricky one.

Whether a company needs to mobilize funds through sale of equity depends on the company specific circumstances. The advantages and disadvantages of equity financing usually reverse in the case of debt financing, the major alternative source of funds. Most companies make a tradeoff between debt vs equity financing, and have a mix of both.

Image Credit: flickr.com/kevindooley

For all the benefits of equity financing, it also comes with many disadvantages.