Money Advice Every Recent Graduate Needs To Cherish

Your whole teenage life and the start of your adulthood is all focussed on one thing and one thing only; getting you to the best college possible so that you can graduate with the best degree possible. That is it. It’s why we go to school, pick the subjects we pick and have to take things like exams.

But what happens once this is done and dusted?

I mean, getting the degree to get you the job is only part of the battle, especially when you accept that it is not a salary that makes you rich but the way you spend your money instead. That’s right, personal finance is the key to success after college. Unfortunately, though, most graduates are not too clued up on that area of life. 

With that in mind, we have compiled a list of tips, tricks and pieces of financial advice that absolutely every recent graduate should read and adhere to because, well, these personal finance tips will set you in good stead for the remainder of your adult life. Trust us on that. 

Reading Works Wonders

You’re in the real-world now, and that means money is king. It also means you need to be proactive and squat up on some money basics by reading books about them. Now this may sound boring, but this could be the very reason your finances stay in order and you don’t feel the need to bury your head all the time. What’s more, given you are a young adult, it makes total sense to read books aimed at young adults. Our favorite in this category has to be Get A Financial Life: Personal Finance In Your 20s And 30s. It is a best-seller for a reason. It is also written by one of the most celebrated finance commentators out there so, yeah, it’s pretty good.

Budget Becomes Habit

We don’t expect you to jump into this the second after you graduate. But once you have moved to New York or Chicago and landed your first job making coffee’s for people who can afford nicer suits than yours, and you’ve been doing this for a couple of months, then you need to get into the habit of this. That is because you will have been working long enough to know exactly what your salary is, how much you take home after taxes, what you spend on rent and living and all that sort of stuff you need to know before you can start figuring out what you have left. We know as well as the rest of them that this process can churn your stomach, but it can also stop you digging an even deeper hole. So, once you are settled, work out your take home pay, what your monthly overheads are - rent, utility bills, loan repayments, grocery costs, travel expenditure, car insurance and even just refinancing your car loans etc. - and then work out what you have left for spending on luxuries and saving for a rainy day. The most fundamental rule of avoiding bankruptcy is this: never spend more than you make.

Reduce Debt Fast

You have just left college which means you are probably saddled with enough debt to concern Warren Buffett. It sucks, but it just part of our sucky system. The important thing to wrap your head around, though, is that this debt of yours is not just some monthly bill you need to repay. Oh no, this debt of yours is your arch-enemy and needs to be defeated now before it grows too strong. That is how you need to look at it. It is just a matter of how that you really need to concern yourself with. To start off, we recommend that you read The Ultimate Guide to Eliminating Your Law School Debt, which gives it to you straight, in Layman’s terms and with all the answers you need. But, to summarise what you need to do, we recommend you find ways to save money in everything you do and pinch the pennies everywhere you can because the sooner you are able to pay off your debt the freer you will be. So, if you can avoid eating out or cap your fear of missing out in order to add $35 to your monthly repayments then do so. Not only will this rid you of your archenemy sooner, it will also save you a ton of money in interest. 

Debt Is The Worst

There is no other way to put it. All those dreams your young heart and spirited head may be chasing will be put the guillotine if you caught in debt, which is why you need to do all you can to avoid getting into debt. Getting a mortgage can be halted by debts. Starting your own business can be a dream easily crushed by debts. Even being able to take that job you would absolutely love to do can be halted by debt because it doesn’t pay enough to cover your monthly repayments. What’s more, you could find that your debts - and thus your poor credit rating - stops you from getting a job altogether because more and more employers are checking the history of their candidates. Debt is the worst and that is why you need to avoid slipping down this route at all costs. If you can’t be sure that you can pay off your credit card then don’t get a credit card.

Emergency Fund Needed

You may not have needed to have any kind of emergency fund before now because the worst thing that could have happened to you at college is a) your iPhone screen cracked, b) your leftover pizza got eaten by a drunken housemate or c) your shoes finally died. However, in the real world, where you have a job and a place to live and a car to run and all of that adult stuff, the need for an emergency fund becomes quite a bit more severe. As such, you should start off by saving $1000 to cover things like a broken fridge. The endgame, however, should be three to four months worth of living expenses being tucked away because you have no idea what could happen. You could get made redundant; you could get injured; you could find your car blows up. These things happen, and that is why an emergency fund is needed.

5 Tips for Refinancing Your Car Loan

Sometimes, refinancing your auto loan is the smartest thing to do. Most people think that they are stuck with their original car finance for the rest of their contract, but this is simply not the case. If you think your credit standing has improved since you got your car, for example, then it would be best for you to get an auto loan refinancing.

Refinancing allows the borrower to save money by getting a better car loan. Luckily for borrowers, they do not need to wait for a minimum amount of time before applying for a new refinancing. In fact, they could do it even before doing their first monthly payment!

The process of auto loan refinancing is easy and extremely doable, however, it is still important to know when you should apply for refinancing and what steps you should take when you have finally decided to do it.

Review your Credit History

The first thing that you must do before deciding on applying for car refinancing is take a peek at your credit report. See if you have made all of your repayments on time for over a year or more, and if so, then your credit has probably improved. You can always pull up a copy of your report online, and most websites offer it for free. If you are certain that your credit score has improved for the last year, then you can definitely apply for a car refinancing.

Collect your Papers

Collect everything including your payment stubs, loan contract, driver’s license, your car’s identification number, pay stubs from your employer or your proof of employment, and your social security number. Your pay stubs must show the amount that you are currently paying per month, how much time you have got left to pay for your current car finance, your current interest rate, and the lender’s customer service number. These things are vital for refinancing, and your new lender will probably ask for most of these.

Compute Everything

Use an auto loan calculator to compute everything. There are lots of it online, all you need to do is find a credible one. If you want to make sure that you will get a lower interest rate by getting a new refinancing, then all you have to do is type in your current balance and the new interest rate that you are being offered. Put your loan term in (how many months you have got left to pay for your current financing), and you will see your new loan payment from the new lender.

Evaluate and Decide

Decide if you really need to push through with refinancing. Think about how many months you have got left, and if you will be able to save money if you do get a new one. If you decide not to go through with it, you still have two more options left. You can either pay the rest of the loan off, or extend your payment time. Paying it all off means that you will be able to save a lot of money by paying a smaller interest, as it would not be as huge as it is supposed to be. However, if you need more time to pay your loan off and you need the money for other things, then you can always ask your lender if you can extend the loan payment. The bad thing with this though is that you would be paying a bigger total in interest, so you’d have to be wise when deciding.

Finish the Process

If finally you decide to go through with refinancing, then make sure to finish everything that you have started. Follow the lender’s instructions and fill up the papers. Listen to their requests, and make sure to negotiate wisely.

Now that you have got the tips, it’s time to start looking for a new lender. Good luck!

Your Company Needs A Car, And Here’s Why

Businesses have lots of expenses to contemplate. From tech to new machinery, the list is endless. But, one purchase which doesn’t get the same amount of time is a company car. To most firms, it is a luxury, and indulgence they can’t afford. So, you leave it to the big boys to swan around in their motors and show off. However, prestige and reputation are not the only reasons businesses have company cars. In truth, there are plenty of reasons to consider kitting out the organization with a car. These are the main ones. 

Employee Satisfaction

From a worker’s point of view, a company car is a great addition. Why? It’s because they get a free car essentially. Because the company can claim back the tax, they don’t have to pay for gas. And, they are not going to fork out tens of thousands for the initial purchase because that is madness. Then, there is the cheap insurance to consider, as well as a multi purpose vehicle they can use outside of work. Simply put, a car is an excellent incentive for employees who are high enough up in the firm. If you don’t have the budget to compete with your rivals, this is a fantastic option.

Tax Deduction

“Wait there a minute. Why would you buy a fleet of cars if you don’t have a big budget?” Good question because vehicles are not cheap, especially if there is more than one. However, when a business buys or rents a car, they don’t go through the same process. Because it is for commercial purposes, there are tax deductions which can save the firm money. For example, it is possible to claim the overall cost as a business expense. If a vehicle's price is $15,000, it is $15,000 off the bill at the end of the tax year.

Brand Awareness

Everyone has seen the cars which are full of logos and advertising materials. Gaudy they may be, but they are also effective. People see the cars on the roads and can’t help but notice the brand. Of course, awareness of the company increases as a result. If this is too ostentatious, there is the firm’s reputation within the industry to consider. When you go to a meeting, you can’t turn up in an old banger which chugs and sputters. Instead, a sleek and professional car, like a Range Rover, is necessary to reflect the business. The good new is that Cars & Co Range Rover dealers have the price covered. You just need to make sure you choose wisely for the sake of the company. 

Helping Around The Factory

It is rare to find a business which doesn’t make deliveries in 2017. You probably have a contract in place with a shipping company, but a company car is an alternative. With a vehicle, it is easy to make shipments and deliveries to fulfill customer orders. And, there is the added extra of rolling up in a new whip and impressing your base.

Ultimately, a company car can help everything from the firm’s finances to employee turnover. Therefore, it’s a no-brainer.

Mistakes to avoid when getting a used car

Ajay was in a hurry to buy a used car. He had recently got his driver’s license and could not wait to start driving his own car. In his hurry, he ended up buying a car whose engine was not very powerful. He had to get rid of the car within a year’s time. Apart from being ad is appointment, this was a huge financial loss as well.

People make some common mistakes when buying a used car. Read this article to know more, and learn how to avoid these mistakes.

1. Not preparing a budget:

The used-car market is vast and offers endless options. This makes it important to have a budget in place when shopping for a used car. Without a budget, you may be tempted to buy a higher-priced vehicle that is not suited for your needs.This can later put a massive strain on your finances. A budget will help you find the right vehicle that meets your financial and personal requirements. 

Related: Have women become more open to car loans?

2. Not inspecting the car:

This is one step that you simply cannot afford to skip. Are you buying the car from a trusted relative or from a dealer? Either way, ensure you inspect the car carefully. Check the engine, brakes, body, tyres, and the interiors. Make sure the car looks good. It should also be in a drivable condition. If you buy the car in a hurry, without inspecting it completely, you could end up with a poor and unusable model.

3. Not checking for past legal issues: 

Check the legal background of the car; are there any previous legal issues related to the vehicle? This is a simple test, but it is extremely important. Suppose the car was in an accident? Or it could even be a stolen car. As the new owner, you will be held responsible.Find out all the details associated with the registration plate. Buy the car only if the previous owners are clear of legal issues. 

4. Choosing a wrong loan or EMI: 

Most people use loans to finance their used car purchase. However, before applying for the loan and signing the papers, find out everything about the loan. Make sure you search for ideal interest rates and understand the repayment scheme. The deal does not end once you get the car keys. Remember, you have to repay the loan, so choose an affordable EMI option. Defaulting on the loan could severely affect your future finances. So, make sure you can repay the loan without letting it affect your daily living costs.

5. Not negotiating: 

Try to negotiate the price of the vehicle before buying it. Do not feel embarrassed about this, or you could miss out on some big savings. If there are any parts that need changing or have not been well maintained, you can use this to leverage negotiations.You should be successful in most cases.

Related: 5 Ways the used car loan industry is making it easier to own a car

To sum it up

You must be careful when buying a used car. Do not attempt to buy the first car you see. Take time to find a used car that suits all your needs. Inspect and compare all the cars you see until you find the best option for you. Keep these tips in mind to find a great used car.

Financial Necesseties For Any Small Car Dealership

If you’ve got a fervent passion for cars, and you’ve always wanted to start a business, then you may have been playing around with the idea of dropping your nine-to-five, and opening your own dealership. For those with a bit of knowledge and competency, opening a dealership is a very attainable way to start your own business and do something you love. In this post, I thought I’d touch on some of the big financial necessities you’ll need for your dealership.

While we all see the same image when someone says “car dealership”, the massive lot and showroom really aren’t that necessary. It’s 2016 now, meaning that all you really need to call yourself a car dealer, is the initial capital to buy a car wholesale, and the internet connection to advertise it. Of course, you’re going to need a little more space than your driveway if you want to have more than one car on sale at a time! Once you’ve secured enough capital, there are many good places to source your vehicles from. Online auction brokers, such as ADESA, have become steadily more popular in recent years, but obviously you may not be happy with the idea of paying for something you’ve never seen. You’ll still be able to find various traditional auto auctions, which don’t require a dealership license or other qualifications.

All business owners need to make sure they’re getting all the right insurance, and this is especially true for auto dealers. After all, you’re not exactly running a micro-bakery! After a little research, you’ll be able to find many companies offering building and contents insurance, as well as services protecting you from public liability and various other risk factors which come with running a business. If you want to show your customers that you’ll go even further for them, then you may want to consider purchasing some gap insurance as well. Sure, you may not have a lot of capital to throw around in that first opening period of your business. Still, failing to have certain kinds of cover can really come back to bite you. Make sure that once you’re insured you’re keeping to strict record-keeping standards as well. You may need this in the event of a claim.

Record keeping, and good organization in general, is essential if you want your car dealership to really take off. While not all of it is going to be necessary, keeping accurate and detailed records of all your past transactions will give you a greater understanding of how your business is growing, and the areas where it needs the most work. Aside from that, keeping a meticulously organized diary can be a huge help further down the line. You may be looking ahead at various regular tasks which may seem trivial to you now, but can end up being a massive drain on your valuable time. You’ll try a few systems before getting it right, so start today!

I hope this has been some help with organizing the finances for your car dealership. Like many business models, when you have your finances meticulously organized, everything else falls into place.

Is it beneficial to pay off your car loan early?

Most of the lenders including conventional banks offer you the provision to pay off your car loan earlier than the term specified in the loan agreement. However, some of the financial institutions charge you penalties for compensating the loss in the profit expected in the deal. When you sign the loan agreement, you should ensure that there is no prepayment penalty. Clearing the loan early saves a significant amount of money. By paying additional amount every month or paying a lump sum towards the loan principal will help to reduce your burden to a great extent.

Advantages and disadvantages in paying off the car loans earlier

By closing the loan earlier reduces the loan term and the amount you spare towards the loan interest is much reduced. Though paying off the car loan earlier is beneficial to you, you need to observe whether you can afford it. If you intend using your savings for closing the loan earlier, you need to analyze your profit and loss in the deal. By closing the loan before agreed time, your credit score gets improved. With improved credit score, you can easily access financial support from conventional banks for reasonable interest rates when there is the need for funds in future.

By making prompt repayments, you can improve your credit score. As the loan is settled early, you are relieved of your financial burden. Car loan is not tax deductible and so some of the borrowers might consider applying for home loans to pay off car loans. Though you are just shifting your liability, you are saving on taxes. However, you need to see that you get access to the home loan with lower interest rates. If your car is very old, you can pay off the loan so that you can save on the insurance as well.

Generally, the lenders of car loans would require you to possess the collision insurance to get approved for car loan. If the loan is paid off early, you do not have to pay for the insurance which is a savings for you. The ratio between the income and the debt is also reduced by clearing the car loan at the earliest. If you keep paying additional amount towards the car loan, you can save a lot of money that would have to be diverted towards the interest of the loan. Before you decide to pay off your loan early, you should be specific about studying your loan document.

Some of the offers come with pre computed interest and if you have obtained such an offer, it might not be advantageous to you to settle the loan earlier as the interest is included at the origination of the loan and so you do not gain by clearing the loan earlier. If you wish to be free of debts, you can clear your loan. Or else, it is recommended that you can secure the amount for some emergency financial needs. Making exact calculations will help to make the decision. The advantages and the disadvantages in the offer should be calculated well before you decide to pay off your car loan early.

How to Avoid Being Ripped Off When Buying a New Car

Buying a car is a big ticket item. You need to make sure you get the best vehicle possible for your needs and within your budget. This can be difficult when in the presence of a very convincing and very determined car salesman, who may have his commission payment as his best interest. It is absolutely vital that you do your homework and that you do it thoroughly. Research, research, research!

Check out all the features that each car offers against the price. Sometimes buying a more expensive car with more features will actually give you the best value for money. What will you use the car for? Are you looking for a small city runabout that is easy to park and has excellent fuel economy? Or do you want to the car to serve a dual purpose, like being able to go on and off road so you can takethe family for camping holidays? Is comfort important to you? What about space and a roomy boot?

Be really clear on what your needs are and then set about finding cars that fit the bill. That way you won’t end up driving home a convertible sports car when you really needed the room of Land Rover’s luxury SUV. That may be an extreme example, but the truth is you can be pushed into an impulse purchase that does not meet your needs, especially at the hands of a professional salesperson.

Decide on the Car you want Beforehand

By all means visit car dealerships to find out everything you can about various makes and models, but be sure you know exactly which car you want before you buy. Think about size; how many passengers you will have? If you don’t have many a small car will be much cheaper to run. Fuel economy should play an important role in your decision. Safety too will be a big consideration; check for things like the number of airbags, reversing cameras and sensors.

Accessories

Accessories can greatly increase driving pleasure, but be clear on what accessories you really need. Don’t be swayed by a whole host of features that you will not use. Check out accessory packages carefully; find out what is included and decide whether you really need it all. Unwanted accessories can bump up the price considerably and while they sound good when being recited to you in an impressive list, you may never use them.

Interest on Finance

If you are financing your purchase this is a very important consideration. Check out payment plans thoroughly. Find the most competitive interest rate you can. Watch for loan fees and other fine print obligations. Pay attention! You will usually get better interest rates at a bank or building society.

Insurance

Many car dealers will try to sell you insurance with your car. Remember, for them it is all about commission payments, so be prepared. Do your research beforehand and know the best priced insurance you can get independently. And if they can’t match it or better it, say no.

How to Cut Down Your Car Insurance Costs

Car accidents may happen even in the most unthinkable places and may cost you a fortune, especially if you have not signed the proper car insurance policy. Many people try to get the less expensive policy on the market, but in many cases this is not a wise choice. Read the following
article and you will discover several tips will help you cut down the car insurance costs without sacrificing its quality.

Since the car insurance sector is very competitive, the coverage offer is very diverse; this means that you will have to spend quite a bit of time comparing the various offers, in order to find the best possible one. The idea is to spend your time gathering the best offers, evaluate them, and then to take a decision. Fortunately, there are many websites where you can ask for quotes.

Will the minimum insurance policy be good enough for you? The answer is a sound “no” in most cases. You should not be satisfied with the minimum insurance policy existing on the market, but you shouldn’t choose the most expensive coverage package either. As an example, the comprehensive or collision policies are pretty much useless if the car that you intend to insure
is old. If you do the math, you might discover that the amount of money paid for the insurance policy in 1-2 years would be greater than what you would have to pay for another used car.

If you are interested in getting home insured or life insured as well, ask the insurance company if they also sell car insurance. Having multiple policies signed with the same insurer will get you a good discount from that company.

Actually, many car insurance companies offer all sorts of discounts and it is very possible that you qualify for some of them. Before you make your decision, do not forget to ask the insurer if you qualify for a discount or not. For example, you may get a discount for driving only a smaller amount of miles per year, for being a good student with good marks, or for having a good car alarm.

Your driving record is an important factor that will in the end determine the car insurance costs. If you can demonstrate that your driving history is a clean one and you have not been involved in car accidents, the insurance company will reward you by offering an additional discount. On the other hand, if you have been given a lot of tickets, expect to be required to pay more money for insuring your car. Accidents in which you have been involved speak about your risk profile and will make all car insurance agencies raise their premiums.

The type of car you posses will also determine the final price that will be paid for the insurance policy. Statistics show clearly that some car models are targeted by thieves more often than the others. There are annual reports offered to the public, where you can see if the car that you intend to buy is a preferred target or not.

If you decide to install safety devices on your car, this will also have a good influence on the price that you will be asked to pay for the car insurance policy. So, if the car has air bags, automatic seat belts, anti lock brakes or daytime running lights, you might qualify for an additional discount.

Maybe you have found an insurance policy that you consider to be excellent; however, it would be smart not to renew it automatically. Spend a bit of time each year, comparing and evaluating the competitors’ offers; you might get an even better offer.

How To Save Money By Buying A Used Car

There’s no better feeling than buying a brand new car. It looks so shiny. The car is perfectly clean. Everything works just like it is supposed to do. It doesn’t need a single repair.

And it costs a whole lot of money!

In a perfect world, we would all be able to afford a brand new car every time we needed one. But life doesn’t always work out that way. Sure, you can take out a loan or lease a new car. But while you may be able to afford the payments, that doesn’t mean it’s a good deal financially. So you need to think about the long-term effects of buying a new car, too.

People are hesitant to buy a used car, for good reason. They don’t look as nice. They usually have some dings or scratches. Not everything works like it is supposed to. And it’s easy to get ripped off! We’ve all heard horror stories of people buying used cards, and getting a piece of junk.

But it doesn’t have to be that way.

You can actually buy a used car and get a great deal. And not just on a car that 2 or 3 years old. You can often find a very reliable car that is 5 years old, and even older. Not only will it save you lots of money on the purchase price. But you’ll also save on property taxes, insurance, and depreciation. Even though a car is a necessity for most of us, it is one of the worst investments you can make.

If you can afford a new car, great. Or if you can afford a used car that is still just a few years old, that’s great too. But don’t think that just because you buy an older car that you are getting a “clunker”. Or don’t assume that you will automatically get ripped off.

You can get a great used car at a great price. Of course, used cars have some additional risks, so you have to be really careful in choosing one. But if follow a few simple steps, you can usually find a great deal!

Here are 4 steps to finding a great deal on a used car:

1. Shop around.

Figure out how much you can afford, and do some research to determine which types of vehicles you can afford. Then focus your search on those cars. Most of them will be very similar, but if you look around you can find the very best car in your price range – the one with the lowest mileage, least amount of scratches, and even the color that you want. It may take a little time, but after you check out a few cars, you’ll know exactly what to look for, and what’s most important to you.

2. Buy from a private seller.

If you really want to save money buying used car, then it is best to buy from a private seller. You can still find some good deals from a used car dealer, but a private seller is more likely to negotiate a better price. One advantage to a dealer is that they’ll usually fix some of the obvious problems before they sell it, as they are required to by law. But in return, they’ll be less likely to negotiate.

3. Have your money ready ahead of time.

If you have cash saved up, then you know exactly what you can afford. And you can use this to your advantage when negotiating, either with a private seller or dealer. If you need financing, then you’ll probably need to buy from a dealer. Still, you should try to borrow the money before you start shopping. For used cars, financing is a lot simpler than buying a new car. But if you can obtain a loan before you start looking, you’ll know how much you can afford, and you won’t be tempted to your decision based on monthly payments, or get “fast talked” by a salesman.

4. Get the car inspected by a mechanic.

Whether you are buying from a dealer or a person, make sure that you do not take their word for the condition of the car. Not that everyone selling a car will intentionally lie to you, but it’s your money, so you deserve to know what you are buying. Even the most careful car owner won’t know when something will need repair shortly. And even if you are buying from a dealer who tells you the car passed their own “inspection” or “used car checklist” you should still get it inspected. For about $50, you’ll get a report about everything that’s working, and not working. Even a bad report doesn’t mean you have to walk away. But you can use this information to negotiate if the car needs any major work. This is the most important step of all, so if the seller tries to talk you out of getting the car inspected, walk away!

Sounds like a lot of work. But it will be well worth the time and effort. It’s much easier to just buy a used car and drive away. But if things start going wrong within a few days, you’ll be mad that you didn’t put in the time to buy the best used car possible. If you follow these steps, you’ll know that you did everything in your power to buy a quality, reliable used car!

Is it Cheaper to Insure an Old or New Car?

One of the main things everyone considers when buying a car is the amount of insurance they will have to pay. This is sensible because there are several costs involved with owning a car, and insurance is one of the main outgoings for most drivers. But is it always best to get an older car that has already been used, or do newer vehicles offer cheaper insurance options?

In truth there is no simple answer. Many people think older cars are automatically cheaper to insure, but this is not necessarily the case. A variety of different factors come into play when an insurer calculates the premium on a particular vehicle. So when you are gauging which car would be right for you, it is wise to do some research before making that all important decision. It will help you work out which car will give you the cheapest insurance policy.

Of course some cars are typically always cheaper to insure than others. The Ford Fiesta, Vauxhall Corsa and Renault Clio are all among the cheapest cars to insure in the UK. There are a number of reasons for this – cheaper parts, lower cost of the car and less power under the bonnet. But the cheaper prices can apply to newer models and not just older ones. Always check before splashing out on any car to make sure the insurance is cost effective. You could actually get a model that is a year or two old covered for less than it would cost to cover a much older model.

There are different insurance policies too though – policies that are often chosen by specific drivers. For example, owners of older cars often opt for third party fire and theft because it is not worth buying a comprehensive policy, owing to the age and value of the car. However, newer cars will often have a comprehensive policy which is pricier. So again you have another factor to be borne in mind. Incidentally, classic cars can also work out cheaper to cover than more modern ones – another fact that may surprise you.

It’s clear that people have to think about insurance as a contributing factor to any car they buy. Shopping around for a new policy can produce some wildly different premiums, but depending on your situation, your age and where you live, you may find it more cost effective to buy a newer car. Cheaper premiums are also available if your car is kept secured in a locked garage overnight, as you’ll see if you specify this in a quote.

Whatever car you end up with, there are other ways to bring down the cost of premiums if you have more than one car in your household. A multi car insurance quote is a good way to find out how much cheaper your insurance could be for all the vehicles covered. This applies both to used cars and to brand new ones.

So whatever you would like to drive around in, a little research will allow you to make sure you are able to get the lowest possible insurance quote you can.

Jamie Monteath is a freelance blogger who runs his own finance blog at http://finance-blog.co/. He has had his work published on other finance sites regarding several finance subjects ranging from personal finance, getting a multi car insurance quote and other insurance related topics.

Car Finance Tips

Cаrs аrе much-nееdеd asѕеtѕ іn todaу's wоrld. Cаrs mаke trаvеlіng frоm onе рlacе tо аnothеr соnvеnіеnt. Thеy оffеr соmfort аnd ѕеcurіty. There аrе mаny fасtоrѕ іnvolvеd in thе purchaѕе of thе cаr. Thе еntirе prоcesѕ оf buуіng a car сomрrіsеѕ of thrее stagеs. Fіrѕt ѕtаgе іѕ thе pre-purсhаѕе ѕtagе. In thіs stage, the individuаl iѕ yеt to dесіdе the ѕpecifіcs оf the car. Prе-purсhаѕe ѕtagе іnсludеs budgetіng, reѕеаrсh; сomраrаtivе аnаlysіs еtс. ѕeсоnd ѕtаge in thе рrосеsѕ іs thе nеgоtіаtіоn stаgе. Onе maу соnѕider fіnаnсе орtіоnѕ іn the negоtiаtіon stage. The fіnаl stagе of the proсеѕs іѕ the рurсhase. Hеre, аre ѕоme tіpѕ that cаn hеlp аn іndіvіduаl іn ѕelеctіng арt cаr fіnanсе.

It іs diffісult fоr а соmmоn реrѕon tо makе one lump ѕum рayment tоwаrdѕ buyіng a car. Cаr dеаlerѕ аnd agеnсіеs, therеforе, prоvidе fіnаnсe орtiоns to fаcіlіtаtе the рurсhaѕe. One cаn ѕесure сar finаnсе through dealers, іndерendеnt аgеnts and gоvernment or prіvаte fіnаncіаl іnѕtitutіons. Onе muѕt аlwауѕ rеѕеаrсh thоroughlу bеfоre optіng for autо fіnance. Car dеalеrѕ аffіlіаte thеmselveѕ wіth cеrtain fіnаnсіal instіtutionѕ henсе; thеу mаy rесommend thoѕе іnstіtutiоnѕ onlу. Onе muѕt rеseаrсh onlinе аnd оther ѕоurсeѕ tо find thе bеst deаl. Rеаd the finаnce offеr dосument саrеfullу. Dо not miѕs оut the finе print. One muѕt clarifу anу doubtѕ that hе or ѕhе mау havе іn terms оf finаnсe oрtіоnѕ. It іs beѕt to hаve а fаce-to-facе соnvеrsаtіon wіth the reрreѕentаtіvе from thе finаnсе comрanу. Suсh mеetіngѕ fасilіtatе a twо-waу іnterаctіon аnd еlіmіnаtе аny еlementѕ оf dоubts.

Onе muѕt undеrѕtand іnterеst сalсulаtіon on the lоаn amount. It is a fantaѕtic іdеа tо aѕk for а ѕamplе аmоrtіzatіоn ѕchеdulе fоr thе loаn amоunt. One must аlso сhесk what arе the еxеmptіоnѕ prоvidеd bу thе fіnаnсe cоmраnу іn саѕe of unеmрlоymеnt, раrtіal оr cоmpletе dіsаbіlitу оr anу other unfоrеѕееn еvent. Onе maу аlso сonsіdеr lеasіng оut орtiоn іnѕtеаd of аvaіlіng саr finanсе. Lеаѕe hеlрs іn rеducіng thе equatеd mоnthlу installments. Onе must nоtе that ownеrѕhіp of the car lіеs wіth the dealеr in сase оf a leаsе. It іs сruсіal tо chеck thе сredіbіlity of the рrіvаtе fіnаnce сomрanу befоrе ѕigning thе аgrеement. Onе must сhесk thе recоrd оf асcоmplіѕhmеnt of thе finanсiаl instіtutіon аnd chеck the consumеr fеedbaсk about the ѕerviсeѕ providеd. It іs alѕo еѕѕеntіаl tо nеgotiаtе terms befоrе ѕigning thе dotted lіnе. Nеgotіatiоnѕ help іn gettіng thе bеѕt deal. Thеѕе baѕiс tiрs сan helр іn avоidіng fіnancе ѕwіndlеs аnd fraudulеnt соmрanіeѕ.

Thiѕ iѕ а Guеѕt Poѕt bу Lіѕa Colасо whо сurrentlу blоgѕ on vаrіоus hеаlth blоgs. She even hаѕ a соld ѕorеѕ blоg whiсh prоvidеѕ qualіtу informаtiоn аbout cold sore remedies and cold sore treatment

Why are Novated Leases so popular?

“Tom from sales has one, Ann from accounts has one and I have one, why? Are you thinking of getting one?” Have you heard this before? Have you left the situation thinking “Why are these Novated Leases so popular and how come I haven’t had one before?” In truth tax savings products are not the most exciting topic of conversation however there is a growing trend towards them as a means to increased disposable income. Today we go into detail about why Novated Leases are increasing in popularity both in Australian business board rooms and at the lunch room table.
Saving your bottom line

Simply put Novated Leases save you tax. This tax saving comes as a double shot as the tax saving comes in both your pay pack and in your Goods and Service Tax (GST) liability. The Lease will save you in your pay pack as it’s an approved salary packaging service with the Australian Tax Office (ATO). This means that your vehicle expenses will be taken from your pre-tax salary. On the GST side you save on everything from the purchase price of the vehicle to regular servicing. While this is dependent on ATO rules it does mean that a Novated Lease will offer more GST savings than a standard lease.

Avoid large unexpected expenses

Big payments are painful but unexpected payments are even more painful. Think of the amount of times you were closing in on payday only to find out that your budgeting has been blown out by one big expense. These blowouts are frustrating and can be financially damaging especially where they put you in the red with your bank. With this in mind it’s important to note that the only way to overcome these problems is with good planning. A Novated Lease will offer you a real solution here as it will give you consistency with predictable payments which are approved upfront. This will help you navigate through your vehicle expenses without any harsh surprises.

Save on car expenses

Like with the tax and convenience benefits Novated Leases can also offer vehicle expense discounts. Some providers can offer these discounts as a result of big subscriber numbers. Some Novated Lease providers also operate as fleet management companies. As fleet management companies operate in a high volume business they can leverage the discounts they get for the benefit of their Novated Lease customers. This means discounts on purchase price, fuel, maintenance, roadside and servicing. Due to high numbers some providers can also benefit from discounts for services like insurance, finance and repairs.
Final thoughts

If you combine all the savings from GST and income tax with the convenience of predictable budgeting and fleet discounts you start to see why a novated lease is so popular. In short they work by finding the most effective way to buy a vehicle with the easiest way to keep up payments and the cheapest way to keep up maintenance.

Why not check out Fleetcare’s novated lease arrangements for yourself and see how much you can save just by paying for your car loan with your pre-tax salary!

Cash Loans for Car Troubles

One of the major conveniences (or inconveniences) of modern life is the car. It gets us from A to B with minimal effort. It allows us to carry our groceries, children and virtually any other thing we want to a certain destination, and at times it can be a lifesaver. On the other hand, it can be the bane of our existences. If we use our car regularly we have regular petrol costs, higher and constant servicing, and annual registration fees. So what do you do if it's time for the regular service and registration – but your cash flow has stalled, you're too far from public transport and you don't have a bike? Apply for a cash loan.

Don't let this be a hurdle that leads to bigger problems. In this day and age, time is money, and nothing is more important than getting back on the road fast, back at your job and back to making that cash. If you need a fast loan in Sydney, Brisbane, Melbourne or anywhere around Australia – Cash at Call is your number 1 choice.

While it's almost certain that you're stressing and worrying about whether you'll make it through, if your credit rating is good enough, and how quickly will the loan be improved...relax, take a deep breath and read on.

If you're currently employed and earn a salary of $25 000 per annum (or about $500 a week after tax), have Australian permanent residency, are not an undischarged bankrupt, and have a responsible borrowing history, then you will almost certainly qualify for a cash loan in Sydney. If you have a credit default – don't worry, Cash at Call analyse each applicants circumstance individually and understand that the past is the past.

So, if you're after a fast loan in Sydney between $1000 and $5000, visit www.cashatcall.com.au. Get your car back on the road and your life back on track. For more information call 1300 72 67 87.