7 Things To Remember When You Test Drive

Test drives are little miracles for car buyers. While some cars look great on the outside and might be shiny and new, under the hood they can have serious problems that will affect their longevity and usefulness to you. And thus, the test drive is your best weapon against ill-advised purchases of vehicles that just aren’t quite what they appear to be. Before heading home in that shiny new or used vehicle, make sure you follow these 7 simple tips. Get the most out of a test drive 1. Truly test everything: This means not just driving the vehicle but noticing and it feels when you park it, stop it at lights, and get in and out of it. Does the seatbelt stick? How about the gearshift? Maybe there’s something uncomfortable about the drivers or passengers seats. Whatever those things are, make sure you give a thorough investigation of everything inside and outside. 2. Look into the future: If you are an active driver who drives a lot, you’re going to want to envision yourself in this vehicle in the future. Are the seats comfortable enough to get you through the longest drive? Does it have braking issues that might…

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Considering Equipment Finance? Don’t Forget These Points!

A wide range of business owners will find that purchasing the latest equipment is a fundamental aspect of the development of their business. A lender can help provide the funds you’ll need to purchase the best equipment for your business. Equipment finance was created for the sole purpose of providing funds for buying the latest specialist business equipment. A large number of banks and lenders will provide borrowers with funds for this purpose. It’s important to do your research so you can figure out the best equipment finance options for your needs. This also means keeping track of your budget, your financial situation and your tax requirements. Talking to an equipment finance professional can help to pinpoint your needs. When purchasing equipment finance, you must consider the following aspects. Interest rate The interest rate on an equipment finance loan will have a direct impact on the cost of repayment. Therefore, we advise businesses to seek out a loan or lease that provides the lowest interest rate. Tax advantages There are several things to consider when financing a piece of equipment. Every approach involves its own set of possible tax advantages. Talk with your accountant to see which option suits your…

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Don’t Ignore Your Homework When Buying a Used Car

Finding a used car at what you think is a great price and making a hasty decision, so you don’t lose what you perceive is a great deal can be an expensive mistake. There are many instances where stopping and thinking about the situation and purchase through thoroughly could result in a decision that is much better for you in terms of time and money. Careful car finance can often result in a better deal (better car, less money) that you had originally hoped. In Australia, $4,750 is spent on an average overseas holiday. Compare that to the experience of over one million Australians, where the average purchase price paid for a used auto is $11,0000, more than double the cost of a holiday. This average price tag does not include estimated repair bills for a used car that often exceeds $2,000. The Australian Bureau of Statistics has estimated that three-quarters of Australians own a car, and of these, close to 60% have ended up purchasing a vehicle that has turned out to be a lemon. While these statistics are scary, most of these poor decisions could have been avoided. Almost one-third of those buyers spent less than 2 hours…

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The Basics of Bad Credit Car Loans

Good credit is a luxury today but the majority of borrowers run into some trouble during various points of their credit history. And that’s okay. Even if you have limited or poor credit, car loans and car finance arrangements are often still relatively easy to get. Let’s take a look at the phenomenon of poor credit. What Makes for Bad Credit? When you apply and are rejected for loans and other forms of finance, you quickly begin to get a clear picture of your credit score. Many things can contribute to a poor credit rating, including: – Missed payments – Many delinquent accounts at once – Late payments – Too many rejected applications And the list goes on and on. It might have been an Internet bill you just “let go” because you couldn’t pay it or it could have been a defaulted student loan. Whatever the reasons, you’ve realised that your credit is less than stellar. All of these factors contribute to your credit score, and potential lenders will look at your bottom line rating and the reasons for it and make a decision about whether or not to hand money to you. If you’ve got limited credit this…

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A Brief Primer On Balloon Payments

If you’re in the market for finance balloon payments are a term you might need to familiarise yourself with. Balloon payments can reduce your monthly repayments and make your next purchase more affordable. As with all good things, let’s begin with a definition of a balloon payment. Balloon Payments A long, long time from now, you’ll reach the end of your car loan’s term, and it’s here that you will make what is called a balloon payment. It’s a large, single payment at the end of your term. Why is it called a balloon payment? Well, like a balloon, it inflates at the END and is larger than those smaller payments you’ve been making all along. However, since it’s so inflated, that means that all along you’re going to be making smaller repayments each month. Advantages of balloon payments – A balloon payment reduces your monthly car loan payment, freeing up money for other fun things in life. – Since your balloon payment swells over time, you can prepare for it and see it coming, unlike other unpredictable payments that may arise month to month. – For businesses, they’re ideal, since businesses tend to be able to make larger inflated…

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Boat Buying Guide

  • Avatarby ufinance
  • Sep 17, 2020
  • Category:

The decision of whether to buy a boat or not is a weighty one. Not only is a boat a major purchase, but there is a great deal of care and maintenance that goes into boat ownership. The decision of whether to buy a boat or not should not be made lightly, frivolously or on a whim. Here are some points to consider before making the decision as to whether to buy a boat or not. Educate yourself about boats If you haven’t grown up around boats or spent a great deal of time around them, you need to make sure you are thoroughly educated about boats in general. You need to know about different types of boats, what they are made of and what differentiates one from another. It’s important to know about various manufacturers, boating safety equipment, certifications, how boats are repaired and how to go about finding the right boat for you. You can use the internet as well as books and magazines, but your best bet is to talk to a boat lover or boating experts. The more you know, the more of an informed choice you can make when it’s time to plunk down a…

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Discovering Your Vehicle’s Worth Before Selling It

Unless you own a car that is rare or is a model that collectors are interested in, every year that passes by causes your car’s value to depreciate. Knowing what your car is currently worth is very important because it allows you to purchase the right amount of insurance coverage without mistakenly devoting more money to its premiums than what is ultimately worthwhile. Likewise, you can avoid buying too little insurance coverage for it by knowing how valuable it still remains. Furthermore, keeping track of your car’s value lets you strategically decide when it would be the best time to sell it. Various online utilities are available that can calculate the probable value of cars after their owners input various pieces of information about their vehicles. If the car is a popular model produced by a mainstream and reputed manufacturer it will cause value estimation programs to consider it a more valuable vehicle than others. People shopping for second-hand cars tend to focus on cars that fit these criteria; this is why you would want your next vehicle to fit these criteria as well when it is time to shop for a new car, as it will leave you with…

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Can I Get a Car Loan with Bad Credit?

Yes, it’s possible to get a car loan with bad credit. But you’ll have to work a little harder to get the money you need. You’ll also have to pay a bit more than if you had good credit. Still, it’s possible to get that new car in your driveway. Here’s some info on obtaining car finance when you have bad credit. Subprime Borrowers People with bad credit are often categorized as subprime borrowers. There is a subprime lending market for people who fit this category. Try to get a loan from a traditional lender first. If that fails, then the subprime market is an option. Subprime lenders specialize in working with people who have low credit scores. These lenders are willing to accept more risk than traditional lenders. As a result, they are more willing to provide loans to borrowers rejected by traditional lenders. The Influence of Your Credit Score Your credit score determines your category status. Lenders have their own criteria for determining if you’re a subprime borrower or not. If your credit score is too low for a traditional lender, then they won’t consider giving you an auto loan. Most banks and credit unions want borrowers to…

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6 reasons to Consolidate your Debt into one Personal Loan

Consolidating your various debts into one easy to manage personal loan can simplify your banking and save you money. Below are 6 reasons why you should Consolidate off of your debts into one 1. Lower Interest Rates Most Personal Loans can offer interest rates that are cheaper than your credit card or other consumer loans. Some of our Lenders can give a Rate Quote upfront providing accurate comparisons without affecting your Credit Score. 2. One Repayment One repayment each month means no more juggling multiple accounts and can often lower than your combined repayment amounts. Having the piece of mind of one payment each month allows you to breath easier. 3. Principal and Interest Repayments Set up your Personal Loan to repay Principal and Interest ensuring every payment pays off a little more of the loan. The amount the interest is calculated on is reducing too. 4. Fixed Rate Loans A great thing about Personal Loans is that they have fixed rates. This means the amount you pay off every month does not change. Another tip is you can pay extra off the loan at no charge 5. Additional Repayments Most Personal Loan Lenders will allow additional payments to be made and you…

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5 Reasons Upgrading Your Tech Can Give Your Business An Edge

In an ever-changing marketplace, technology is one thing that can help give you a much-needed edge over your competitors. While you may be one of those that feel the old ways are always best, there is no denying that technology is not only an integral part of doing business in the modern world, but is becoming more and more of a necessity for businesses of the future. Here are 5 reasons why upgrading your tech can help move your business forward – and maybe even give you an edge over your competitors. Technology gives you greater insights into the marketplace and your position in it Technology also gives you real-time insight into both what is happening in the market as a whole and where your business stands in relationship to those shifts in the market. At one time businesses might not have known until end-of-year inventory or statistics were delivered how they did that year. As technology advance, businesses were able to understand on a quarterly basis how they stood, but now with advanced tech, you can monitor your business and the marketplace it resides in on a moment-to-moment basis. With a better understanding of the marketplace as a whole…

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