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:

Using Home Equity to Finance Summer Projects by Jeff Hammerberg

Summertime is right around the corner. And with the right amount of cash on hand we can take full advantage of travel and vacations; complete a long list of to-do projects around the house, or pay for all those amenities, gadgets, and toys that make summer more enjoyable.

But playing in the sun and surf usually shrinks our income rather than plumping it up, so the season always presents us with a challenging contradiction: Do we sacrifice our summer pleasures or wipe out our savings? Rather than succumb to the urge to depend on credit card debt to finance the fun and play now but pay later, it may be a better strategy to tap into the equity that is still hibernating within your home. That way you can have your cake and eat it too, by increasing your cash flow without necessarily putting your budget or savings at risk.

For some consumers, taking out a home equity loan or doing a mortgage refinance will actually increase their net savings. For example, if you are caught in an expensive interest-only or adjustable rate mortgage you can bail out by refinancing into a safer and less expensive 30-year fixed rate mortgage. Those who are getting walloped by credit card interest can take out a less expensive home equity loan as a good way to consolidate and pay off those double-digit credit card rates.

Just calculate the average of the rates you?re paying now and compare that to available home equity or refinance rates to determine your savings. If you are paying 16 percent in credit card interest and can qualify for an 8 percent equity loan, for example, you?ll automatically save 8 percent. And if you have an adjustable rate mortgage about to reset, you can refinance to a fixed rate in time to avoid the spike in your monthly installments. You?ll pay some closing costs to refinance, but you can also calculate your savings rate on those by dividing your costs by the amount you?ll save each month. For instance, if you can save $100 a month by refinancing and the closing costs to do so are $1,500, it will take you 15 months to break even. Each month after that you?ll gain net savings of $100. Stay in your home for 10 more years and you?ll save about $12,000.

To generate cash through home equity for kitchen upgrades, tuition, a new car, or a European vacation ? in other words, for whatever expenses you foresee ? you have at least three choices:

Cash-Out Refinance

The ?cash-out? refinance is a great option for those homeowners who have lots of home equity. If you owe $150,000 on your mortgage but your property is worth $350,000, for example, you can pay off the existing $150,000 by refinancing. But a cash-out refinance means you borrow more than $150,000, using the surplus for whatever you want.

Borrow $250,000, for instance, and you?ll walk away with an extra $100,000. Your monthly payments will increase, but the benefits may justify the added expense ? especially if you invest the money your borrow wisely or refinance into a better mortgage in the process (such as switching from an ARM or negative amortization loan into a 30-year fixed rate mortgage).

Home Equity Loan (or 2nd Mortgage)

Home equity loans or 2nd mortgages typically carry higher interest rates than first mortgages, but have little or no closing fees. And while refinancing can take a month or more to finalize, applications for home equity loans are simple and loans can usually be funded within a week or two. These are a good choice if you have major expenses ? such as opening a business, renovating your home, or buying a vacation property ? and you want to stretch repayment over a period of several years.

Home Equity Line of Credit (HELOC)

The HELOC is an open-ended mortgage that behaves much like a credit card. You borrow what you want, when you want it, and if you only pay interest on the amount you borrow. Typically there are no fees to open a HELOC, and if you choose not to use it you won?t be charged any interest. Use it and then pay it back and your credit limit goes back up so you can borrow it again if you want to. HELOC loans, like credit cards, are convenient for short-term financing of smaller purchases. But the interest you pay on your HELOC will likely be considerably less than typical credit card interest rates.

Keep in mind that all mortgages and home equity loans are secured by real estate, so if you default on these loans you can put your property at risk. Take advantage of borrowing against your residence only when you have a repayment plan and sufficient financial strength to pay back ? in a timely manner ? any obligations you might incur.

For expert help with all your real estate and mortgage needs, visit the professionals at or Or call toll free 1-888-420-MOVE (6683). They are dedicated to assisting members of the global GLBT community.

Commitment, passion and dedication to changing what you perceive as a social injustice and prejudice was the drive that encouraged Jeff Hammerberg to create a monumental service to the American LGBT community, one that he had envisaged for a quarter of a century. 2004 was a significant year in realizing his dream, as Jeff Hammerberg, founder of the largest LGBT real estate marketplace in the world, reaped the rewards of his vision that had been nurtured for 25 years.

During the 1990s, Jeff Hammerberg worked in residential real estate, and observed first hand the “quiet homophobia” that pervaded the industry and silently but effectively hampered the lives of LGBT consumers nationwide by placing barriers between them and home ownership. By 1997, with little more than foresight, a strategy, and zealous fortitude, Hammerberg broke away from the traditional real estate community to create the first virtual real estate marketplace for LGBT clients.

Beginning with an Internet company dedicated to assisting home buyers and sellers in the USA, Hammerberg gradually added services and sites, while adhering to a strict personal commitment to donate proceeds from his businesses directly into the LGBT community.

By 2004, he had created and which are all ground-breaking companies in terms of concept and adherence.

Technology has Positively Been Used in Finance Careers

With the invention of computers and a plethora of different finance software, careers in finance are much sought after these days. Technology has advanced to such extent that calculations which took days to complete can now be completed in a jiffy. How has technology affected finance careers?

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, 4000);People working as finance professionals often find it difficult to provide instant and accurate information. This eventually affects their marketing performance and impedes the decision making process of their clients. Technology therefore has to be used to solve this situation by the finance professionals. These technologies include different financing softwares, calculation devices, information technology and different types of computers. The use of technology in finance careers has thus increased the level of efficiency and effectiveness drastically.

Calculation, forecasting, investment analysis, graphical depiction, etc. are at the core of financing business and thus they are also involved in finance careers. Here, customers are required to provide on spot solution and result. Finance professionals need to draw a clear scenario for the customers where their position will be after making an investment after certain period given prevailing interest rates, discounting methods, multiplier effects. It is obvious that all these financing tools are very much helpful and extremely needed to make any finance decision.

Regardless of the amount or the customer, finance professionals find it repeatedly difficult to do such quick analysis and thus to derive or reach a sound decision. We must understand that in this globalized economy the finance market is sensitive and instantly reflects any major economical, political or environmental consequences along with the policies of the government. Failure to agree, reach or make a right decision may lead to an overall flaw with the finance business. For survival and growth of certain finance firms or for that matter any business entity ‘ finance is analyzed at critical levels and compared under several factors. Accesses to information, information analyzing or processing speed are finance for everybody now-a-days.

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To quote few of the advantages of using technology in finance careers, we have to follow Peter Ducker as below:

There are several negative impacts of increased technology in finance careers which we must admit. It has led to decreased:

These are very important for finance professionals. One who meets these prerequisites will only be apt to do his work with amazing executions.

In the coming days the use of technology in finance careers will intensify. It will be accurate to say that the finance sector will completely turn out to be an automated industry, only requiring a good interpreter and motivator for the job. Numerous calculations and analysis technology has made it easy for the finance professionals. The use of technology, adoption of technology, application of technology, rate of use of technology in finance careers are increasing. And all these are positive scenarios for all the stake holders of finance professionals and the finance industry.