Monday, April 30, 2012

Car Finance

The question of whether car leasing is better than car buying seems to generate significant and animated debate. The two camps and their armies of supporters have some zealots that consider it sacrilegious to think of the alternative. The truth is, that like anything the answer to what is best? depends on the car shopper's needs and wants. Once these are determined, then he/she can apply some basic maths to determine whether or not buying or leasing is best.

The criteria you can use to decide which car finance is best can be answered using the following decision tree. NB-For this to work, you must truthfully answer each question based on the true definition of need' and want':

1. Do you need unlimited mileage? If yes, proceed no further and buy a car.

2. Do you need to own the car from the 1st day you drive it? If no, then go to the next question.

3. Do you need to obtain finance to obtain the car? If no, proceed no further and buy a car with cash.

4. Do you need a fixed monthly payment for finance that will not vary across a fixed period (3 5 years)? If yes then proceed to the next question.

If you have got through the above questions, then leasing is an option that could work out cheaper than buying. However, there are a few more questions that need to be answered based on your wants' (with question 6 being the biggest want' or need' of all):
5. Do you want to drive the best car that you can afford? By afford we mean the monthly payment on finance comfortably fits within your monthly budget without causing stress. If yes, leasing can often get you an up market' car (eg; Audi, Mini, BMW, Mercedes) for 30% of the price of buying a car on a loan.

6. What car do you want or need to drive?

Now that you have answered the above, the following is a rough and simple mathematical calculation that can tell you the benefit of leasing the car that you want or need versus buying a car. What is critical to this is how much the car that you want to drive is likely to depreciate across the period that you want to drive or own the car. If we assume 3 years then you need to:

(i) Obtain the likely future value of the car after 3 years (you can get this from the AA website which states on average most cars depreciate 60% over 3 years);

(ii) Deduct the future value from the current retail price to obtain the depreciation amount';

(iii) Take the depreciation amount and use a car finance calculator and add 8.9% APR to get total lease payment then, divide this by 36 months to get the rough monthly payment for that car if you leased it.

Example Audi A4 costs 29,000 and assume it will depreciate 30% over 3 years = 8,700 (Audis are renowned for lower than average depreciation). Add 8.9% APR and monthly payments on a lease would be approximately 277.00 each month for 36 months. If you compare this to buying the Audi A4 on a personal loan on the same APR, you will have a monthly payment of 920.84 for 36 months. Therefore, the question for you now becomes, is the want of owning the Audi A4 worth an extra 643 per month? If you buy the car, across 3 years you will pay a total of 33,150 for an asset worth 20,300 that will also be out of warranty at the end of year 3.

Leasing compares really well for cars that have lower than average depreciation. A helpful tool that gives instant comparison of car finance for leasing and buying for all cars is on

Sunday, April 29, 2012

Why Use a College Planning Calculator?

There are hundreds of thousands of students attending some type of post-secondary schooling in the United States each and ever year. However, the cost of this schooling continues to increase. Students are watching as their tuition bills jump thousands of dollars from year to year. How can individuals plan with such large jumps in tuition? It is not easy, but there are some resources available to students and parents in order to assist them in receiving the funding they need in order to attend the higher education institution of their dreams.

A college planning calculator is an important resource for students and parents who need to calculate what the costs of a student attending a school are. While many parents believe that tuition as well as room and board cover all of the students costs, it is simply not true. Many individuals who are in college soon realize that going out to eat, having to purchase groceries and finally paying for entertainment can add up quickly. A college planning calculator can help individuals to correctly calculate what resources they will need in order to be able to pay for college.

Most individuals are not able to attend college without having some type of student loans. The cost of college is rapidly rising and many individuals are not able to pay cash out of pocket in order to afford the tuition bills. A college planning calculator can include the principal plus interest on student loans, cash paid out of pocket, scholarships and other funding options that students and parents have access to. Saving for college is an intelligent idea. Most individuals do not save nearly enough to pay for their college education. There are many savings programs available, including 529 plans, uniform gift to minors accounts as well as regular savings accounts.

When individuals open a student loan, they do not pay any money up front. The loan remains in dormant state until six months after the student graduates from college. Once individuals graduate, they must begin repaying their loan after the six months regardless of whether or not they have found a job. Borrowers can apply for a deferment. However, this does not have to be granted. A student loan account can be opened through the federal government or a private lender. Government loans are either subsidized or unsubsidized. Government subsidized loans have the interest paid when students are in school, while unsubsidized accounts have interest accrue while students are in school.

Saturday, April 28, 2012

Criteria Used By Commercial Lenders When Evaluating Possible Borrowers

Have you ever wondered what criteria commercial lenders use to evaluate potential borrowers? Knowing the criteria is important because it'll help you if you're seriously thinking about finding a commercial loan, and make sure that you meet all the lenders criteria.

Before you begin the procedure you first need to remember that commercial lenders are in business to create money and because of that will always work to defend their interests first to make sure that they will be able to recoup their investment and make profit out of the transaction. In order for this to happen, they have established strict evaluation criteria to screen appropriately possible commercial loan borrowers to reduce the risks they are taking.

One of the points lenders look into is the borrower's income.

Borrower's income or compan income is one of the most important factors commercial lenders look into because it will figure out if the borrower has the capacity to meet his commercial loan obligations must the application be approved.

Commercial lenders will also look into the assets owned by the company owner/borrower. In some instances, the personal properties of the business owner are applied as collateral for the commercial loan.

Lenders also appear into the borrower's savings records. An excellent savings record will tell a commercial lender if a borrower is most likely to be able to keep up with normal repayments and has the reserves should a problem happen with the business to cover on-going cash needs and to keep making the payments. One feasible way for commercial lenders to find out about this information would be to ask the possible borrower what percentage of their income goes to savings. They may well also ask the borrower what the trend of his income is - no matter whether it's rising or dropping.

What takes place if the prospective borrower can not present his savings history?

Quite a few commercial lenders have supplied a way about this. In such a situation, they (lenders) will then look into the borrower's capability to pay. The borrower will be asked to self- verify his income with out getting to submit pay slips or tax returns. The borrower will be asked to sign a statement verifying his income.

If the borrower happens to be someone who already has an existing commercial loan and is interested in getting it refinanced, a savings pattern is not important anymore. This is because the prospective commercial lender already has in his possession the applicant's loan repayment history to help him in his choice.

Another thing that commercial lenders look into is the borrower's present financial commitments and debts. Lenders look critically at all the present financial commitments and debts in order to help establish the amount the borrower can borrower according to the collateral remaining and the cash-flow remaining to make payments on the new commercial loan.

Prior to meeting using a potential commercial lender, borrowers are advised to settle all their outstanding debts, including, if possible, credit cards. Borrowers are counseled to go into the interview with as little financial baggage as they can to ensure that they will be granted using a bigger borrowing capacity.

Moreover, commercial lenders also use the same criteria in determining the amount of money they are going to allow the borrower to borrow. So again, the importance of the 3: the borrower's income; the borrower's savings; along with the borrower's current financial commitments and debts, can not be overemphasized. Borrowers are advised to have in their possession documents to prove their credit worthiness.

If and when they do not qualify, the subsequent step is to work on those areas that made them ineligible for the commercial loan; or they might look for other commercial loan choices that may meet their needs and circumstances.

Tuesday, April 24, 2012

Build Your Credit While Buying a Car With Zero Credit

Every single person would dream about his dream car. It is easily possible for people with a good credit score to buy a new car with a loan taken. However, people with bad credit will not be able to avail any new loan to support the purchase of a new car. There are lenders who offer loans to even people with poor or bad credit.

No credit car loan is a popular term among millions of people in this recession hit world. The internet is the best source to find information regarding such lenders and much information can be collected. Most websites try to steal the data and sell it to lenders. Consumers may be flooded with junk phone calls and mails from the lenders. There are certain requirements to be fulfilled to get such kinds of loans.

It is important to have some one who can guarantee and to sign the documents taking the responsibility to repay in case if the borrower cannot pay it. Part payments and monthly installments should be paid promptly to avoid any due course of action. This might drag down the credit score giving a poor background in repayment of loan, which will prevent the borrower from applying another loan. A lender may accept

Co-signer - A close friend who is willing to sign for the borrower.

Co-Applicant - This is a family member, husband, spouse, or parent that is willing to sign for the borrower.

Keeping a track on the credit score is a good way to find a better deal. Information on credit score will help the borrowers to negotiate the deal and get proper discounts and offers. This can be obtained from the Annual Credit Report as required by Federal Law.

There are certain other requirements that must be met before the sanction of a no credit car loan. The borrower must be employed full time and at least one year of employment history is required. This gives the assurance that the borrower has got the job and salary with which he could repay the loan amount. The deal can be better negotiated if the user can actually prove him self to earn 00 per month. Borrowers must have been stayed for one year at the current residence or more than that. This shows a responsibility level that the borrower has managed to pay the bills and rent properly.

It may be very difficult to shop for services for a no credit car loan. It is important to search for information online to find out companies who might have cordial relationship with the automotive dealers to get the best help out of them. Borrowers will have to fill out a car loan application and then lenders will contact them matching the requirements. It is not that difficult to obtain a no credit car loan if the borrower is very sincere in repaying the loan amount promptly and shows off this interest while negotiating with the dealers.

The Different Options Of Buying A Jeep Wrangler

If you're in the market for a Jeep Wrangler, your toughest choice is likely going to entail deciding on buying a new or used vehicle. The 2013 models have been revealed and are clear improvements over previous years. However, if you're on a budget, a used car may be exactly what you're looking for.

If you're looking to purchase a new Jeep Wrangler, expect to pay around ,000, which is considered to be on the low end for a compact SUV. However, this is the base price with bare bones features. You may find that you desire different features that will come with the car. On average, people usually end up paying around ,000 for a new car with features such as entertainment options and paint finishes. If you are looking to buy a new car, you can expect a vehicle with a pristine interior and top of the line speed and acceleration.

Another option is to lease a Jeep Wrangler. You will find that the monthly payments will be reduced and affordable and the down payment is cheaper than what will be required with financing the purchase of the car. Leasing can help you save money every month to spend on other important aspects of your life. However, the contract you sign can be complex, but you have the chance to buy the car once the lease ends. You'll need to be assured that you can keep to the terms of the lease (such as only driving a certain number of miles each year), or you'll be forced to pay major penalties. If you have the time, you can also unload the car and transfer the lease whenever you feel it is time, so you're not tied down to your vehicle.

If you do not have the money to lease or buy a new Jeep Wrangler, there are still options. Consider an older model that is reliable at the fraction of the cost. There is always an element of risk involved with buying a used vehicle, especially if you don't have a mechanical background. Your best bet is likely to do as much research as possible and try to find somebody to help you who has plenty of car experience. The bluebook value should give you a good range of an appropriate price to spend on an older vehicle. If you have a specific car in mind, make sure you obtain a complete car history.

Once you have decided on the car you like, you can decide to buy a car from auto dealership or a private seller. A private seller will likely give you a better deal, but come with a high risk. You'll likely find that the cost of needed repairs won't be worth what you paid for the vehicle, plus you cannot count on any consumer protection. An auto dealership will always give you an inflated price, regardless if the car is new or used, but they will work with you to finance your Jeep Wrangler.

Monday, April 23, 2012

What is the Meaning of Job Involvement?

Being involved in a job is more than your regular 9 to 5 job sitting at your desk everyday and then getting your salary at the end of the week (or month). Involvement can be surely replaced by dedication' here. Job involvement is more than working and requires sincerity and dedication for your job.

Involvement Re-Defined!

How do you define success? This question may seem out of context here but it is NOT! How involved you're with your job depends on how you answer this question. If you had a vague answer like money = success', then you need to be more clear and specific in your definition of a job.

Those who measure success by money are often those who do not rise to levels that wouldn't have otherwise been a barrier for them. All the successful people that we see around are role models and they have left behind a hint' for us to grab and follow. So how do they define job involvement?

Dedication: People who are successful today define their success on the level of satisfaction. True enough, you might be earning in thousands of dollars, but if you're not satisfied with your job you won't be able to rise. Total dedication to your work is required and that equals job involvement. It is about how serious about your work and getting it done.

Sincerity: Many of us would confuse dedication and sincerity and tag them as the same. But this is not so your dedication stems from the sincerity you show at work. You might have a dream job, but the sincerity with which you're doing it defines your job involvement more than dedication itself. Dedication' is therefore an offshoot of sincerity.

Working Smart' but not Hard': The call of the day is well defined in the 5 words that make up the bulleted point! Hard work can take you places but smart working can take you places faster than you'd thought! Two men cutting are might be working; one of them puts in more effort and time in cutting trees but at the end of the day, his output is less than the other person? Why? One common and obvious answer would be that the man getting done more in a shorter time has a sharper axe! So you see what is meant by working smart?

Money Comes Last: Money is no doubt a motivational factor but money is not everything. For most of the successful' people, job involvement defines the satisfaction they get from work and vice-versa. When starting a job, money keeps you going but once you're too involved with the job, it takes a back seat and your involvement' becomes the priority. No wonder, specialists are held in so high regard! Finding a job is easy but finding an involving job is even more difficult. Even if you do not find a job that interests you; if you're involved in it, you'll get through. Work involvement requires little inspiration and lot of perspiration!

Friday, April 20, 2012

Simple Ways To Help In Deepening Your Voice

Having a deep voice really helps, as I've experienced in school. It's been useful to my classmates that I have a deep voice and they always want me to be in their group during group activities that involve reporting. The group that I joined would always get a high grade because one of the criteria for which our teacher gives credit is the clearness of the voice of the reporter.

Have you ever wondered why some people have that kind of voice and others don't (and maybe that others includes you)? It's because one's voice is mostly acquired from one's parents, which means a deep voice is innate. Not all of us are gifted by having a deep voice.

However, though these ideas may discourage those who don't already have a deep voice, there's still hope for them. Because, as the knowledge of man has risen, many mysteries have been revealed and questions have been answered. And luckily, one of the answered questions is this: What can I do to make my voice deeper? For sure, many people are seeking for the answer to this question.

And the answer to these questions is now very accessible through the Internet. This means that if we were just determined to pursue our objective of having a deep voice we would really achieve it. Though finding instructions and information about deepening your voice is very easy, in contrary, applying the searched information is the hard part of the quest.

As the saying goes, "If there's a will there's a way." In your objective of deepening your voice there are lots of ways. Here are some of the ways to deepen the voice:

1. Do breathing exercises. Take slow, deep breaths filling up your lungs and forcing the diaphragm into action. Control the amount of air you exhale on each breath.

2. Try to always have good posture. Try standing at attention like they do in military boot camp head up, chin in, knees loose, shoulders back, and muscles relaxed and not tense.

3. Exercise your mouth muscles by slowly naming the vowels, A-E-I-O-U. Exaggerate the movements so you'll feel the muscles stretch.

4. Say some tongue twisters. You know, like, "she sells seashells by the seashore." Start off at a slow pace and gradually build up speed as you go. This will help loosen up your tongue and relax your vocal chords.

5. Sing short one-syllable notes such as 'ha' and 'ho', repeatedly. Make sure the sound emanates from you diaphragm, way down low. Don't force the breathing.

6. Try singing a single note and holding it for as long as possible in a single breath. Then, vary the pitch of the note, going up and down the scale. You'll notice the higher notes require less breath and can be held longer.

7. Recite notes that focus on the vowel sounds like in the song Do, Re, Mi. This is a great song and kids love it. Maybe you can get the children involved and they can learn a little about music and the same time you're working on deepening your voice.

These exercises will help your voice become more developed and more resonant. There are many other things you can do to deepen your voice. It's easy to find, if you're determined to do it.