Car Finance - A Small Rant And A Plate Of Biscuits (financial advisor)
No commentsBy William Penworthy
A friend of mine was recently moaning about car finance. He’s been moaning quite a bit lately, but then I suppose he has a fair bit to be a bit dismal about. Car finance is his latest grudge, and as I have got to know him quite well over the years, I let him vent for a while.
The problem, he was explaining carefully to me, was that the banks, the financial institutions and the companies who hold the purse strings to credit and financial freedom, don’t understand money.
This was perhaps a slightly dramatic statement to make, and he understood that such a statement clearly needed a little backing up, so he continued.
It seems that he had gone to his bank for a car loan. He wanted to buy a car - no, that’s not right - he needed to buy a car. His old one died several years ago - it just hasn’t stopped moving yet. The rear doors no longer open, so passengers have to either climb over the front seats, or crawl through the boot. Lucky for him it’s a hatchback or he may have had to resort to cutting an escape hatch in the roof.
The suspension is so bad that if he buys milk from the supermarket it’s turned to butter by the time he gets home, and he’s discovered that buying eggs is simply a waste of time. The steering isn’t great either. It’s okay as long as he keeps turning left, but for some reason the car makes an appalling noise in a mechanical argument should he ever have the temerity to turn right.
To get from one side of town to the other he has devised a very cunning route that’s actually a very scenic spiral. As long as he’s never in a hurry.
So it was clearly apparent that he needed car finance or a car loan to replace his worn out lump of scrap metal and replace it with something with four wheels and an engine, all of which work together in union rather than making weird noises at each other in disagreement. His bank turned him down.
When he asked why they explained that they carried out a credit check, and his credit rating did not meet with their requirements. He explained to me that this was their way of telling him that they thought he’d run off with their money and never pay it back. Which is unfair really, because he may be many things, but he is at least honest. To a fault sometimes.
Anyway, having been turned down for a car loan by his bank he looked elsewhere for a car finance solution, and decided to go straight to the dealers. Cars on finance, cheap car finance - car loans at low rates, drive away today. It all sounded really good, and he enjoyed spending quite a while browsing the showrooms.
These places are different, he thought, because they see me as a customer, rather than a beggar. He settled on a delightful car, sat down in the office, was handed a steaming mug of tea and a plate of biscuits whilst they handled the paperwork. He applied for car finance, and after a single phone call he was told that he had failed the credit check. The biscuits were taken away and on his way out he admits to deliberately lifting the windscreen wipers up of at least six cars. He was a tad peeved.
But as he explained to me, these companies don’t understand money, because his credit rating is only low because he was made redundant a year ago. That’s history now though - credit history. His problems are behind him and he now has disposable income - why can’t the financial institutions see that?
After much sympathising and making cups of tea, I suggested he try a company I’d dealt with who offer guaranteed car finance. His reaction was swift - he wouldn’t deal with guaranteed car finance because the rates are high, and they only let you spend it on one of their own cars from their own very limited range.
Not this company, I explained. They offer guaranteed car finance for people with bad credit ratings because they check your current circumstances, rather than what happened in the past, they offer cheap car finance rates, and they’ll let you use the car loan to buy any car you like, from any dealer you like, anywhere in the UK. After a few mumbles and another couple of biscuits he sauntered off. A week later he picked me up in his new car, praising the car finance industry for their ability to understand money so well.
Car Finance http://www.carloan4u.co.uk/ Guaranteed Car Finance
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Website Trading: Things to Avoid
By Anderson Phillips
Despite the so many benefits in buying and selling websites, there would always be major problems. These take place is the buyer or the seller of the website don’t have any idea what are the things that should be done and how can solve minor problems along the way. In order to veer away from major problems that can be encountered in buying or selling a website, here are some things that the buyer or seller should take into consideration:
1. Accomplish major monetary issues.
In this case, the major objective of the seller is makes a positive image so the deal would proceed smoothly. For the seller to do this he or she should put into order the website’s monetary statements and financial documents sufficiently. This is to ensure that there will be no problems once the buyer would want to know the financial status of the website. For the buyer, it is also a must for him to check if the proprietor have already arranged a complete set of financial papers-at least a record containing information in the previous two years-to know what is the financial viability of the website.
2. Be transparent on financial declarations.
The seller before selling his or her website should take in up him or to herself the responsibility of having the financial declarations reviewed ideally by an accounting firm. If this is not possible, at least the financial declarations have been compiled by the website possessor in an orderly manner. For the buyer, he or she must also check if the financial declarations have been audited and the statements can meet his or her expectations. This is also advantageous for the buyer because if the financial declarations are precise and accurate, he or she would save time because there will be no need for recalculation.
3. Be careful on sudden closings.
Buyers and sellers alike should be very careful on sudden closings because it can alter the financial reports themselves. For initial transactions, these pieces of information don’t have to be audited but should be audited before the final arrangement takes place. The seller should be very careful in sudden closings because he or she couldn’t sell the site if there are financial warts. The seller should also keep in mind that the buyer will be able to find financial problems due to sudden closing eventually so there’s no point of not fixing it now.
4. Avoid negotiations that are devoid of having worked out.
There’s a difficulty in having diverse deals and arrangements in no time. This is because the buyer will not have enough time to find our if there were devoid negotiations in past. For both parties to avoid this kind of problem in buying and selling websites, they must find time to recover dissimilar tax implications so the deal won’t be put off.
5. Always be open to suggestions.
This will work both ways for the buyer and seller because being open to suggestions will not only make their negotiations easier but will also enable them to move on and start anew. If the buyer is not open to suggestions, stiffness on his or her part may cause a problem because the seller would think that he is being pushed on the wall or he might think that the buyer doesn’t trust him or her enough and all the accomplishments his or her website has achieved over the years. When this happens, the buying and selling of websites will be cancelled and can lead both parties to square one.
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The Pitfalls of Buying Used Autos
By Barton Simmons
Whenever a person buys or leases a car, he seeks ways to finance this move. Most auto financing involves a car loan, which entails a detailed check on his credit history and a tough interview about car finance. When he undergoes all these to buy a used car, it is only fair that he also performs his own investigations about the car he is going to buy. In fact, he should never consider buying a used car, which history has not been checked. If he does, he may just end up paying for a piece of junk.
A used car must be checked for its title, registration, odometer, and the problems that it had weathered before it reached your eyes. A “title check” will determine if the car is salvaged, flooded or rebuilt. For example, many cars were destroyed during the 9 -11 World Trade tragedy. Many cars, too, were damaged during the hurricanes and floods. These cars were salvaged by enterprising people. The cars will be rebuilt and sold again at car auctions. A title check will also discover if the used car has lemon history.
A “registration check” will determine if the used car has been used as a fleet car, or as a taxi, or even as a police car. If the used car has been utilized in any of these, then it is safe to say that within a given period of time, this particular used car has covered more miles than the average privately used car. A registration check will also reveal if the used car was ever rented or leased.
The car’s odometer is an instrument used to measure the distance traveled by a vehicle. An “odometer check” will show if the odometer has been broken or fraud. It will also show if it has been rolled back or rolled over. If the odometer has been tampered, this does not bode well for the next owner of the used car. The car may be older than what the dealer is telling you. Or it may have mileage problems.
A “problem check” will determine if the used car has sustained fire damage or an explosion. It will also show if it has been involved in a major accident. The fire or accident may have inflicted a still undetected damage on the used car. It is also quite creepy to use a car that has cradled dead bodies before. A problem check will reveal if the car has been stolen. A car that has been stolen may no longer have all its original parts.
A used car may give you more problems than you can manage. But not all used cars are damaged, leased or stolen. This is why there are still many people who take out car loans to buy a used car. To be safe, the potential buyer must order a vehicle history report.
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