(Financial advisor) Car Finance: Common Mistakes People Make
No commentsBy William Penworthy
It is extraordinary the way some people go about sorting out car finance. Compared with getting a new credit card or a bank loan, often people looking to get a car loan or car credit finance behave in a completely different way to normal, and yet there seems to be no reason for it.
It is almost as though car finance was a completely different type of financial agreement or arrangement, and that car loans can be treated in a different way, with different rules. To think this way is often to invite disaster, but what is it that people do which could be done better, what risks are people taking, what other options are available, and what are the benefits, both in the short term, and the longer term?
First of all, let’s imagine someone who is about to get a credit card. What do they do first? It is an unlikely scenario that the first thing they do when looking to get a new credit card is to go shopping with a view to finding things that they’ll be able to buy with it.
It seems to make little sense to make your first move in getting hold of a credit deal to go looking for ways of spending it, despite this often being the way that people looking for cars on finance or car finance deals do it.
Instead, it would make sense when looking for a credit card to shop around, look at the various options, considering both the short term offers such as low introductory rates and zero rate transfers, and the longer term benefits, such as a lower interest rate, an absence of annual fees or a lower balance transfer rate.
Once you’ve looked around, and you’re sure you have found the best deal for you, you might apply for it. After all, there’s little point applying for a credit card on the basis of their zero transfer rate if you have no other balance to transfer - it has to be a finance deal that suits your circumstances and needs as well as your pocket.
For many people the way they approach car finance is to leave behind the common sense practicalities such as budget, interest rates, credit history influences and poor credit implications. Instead, the first thing they often do is head to the car showrooms and dream about what they’ll spend it on. This often results in disappointment and embarrassment when they’re declined a car loan or car finance, or they find they’re unable to be approved for the cheap car finance deals advertised, and are looking at paying a much higher rate of interest because of an adverse credit history.
Instead, it makes a lot more sense to sort out the finance first, before looking for a vehicle to spend it on. Despite the fact that many people don’t approach it this way round, the benefits are considerable. In the first place, you’re not shopping under a delusion, but instead know that you already have your car finance sorted.
Secondly, you have a clear and definite budget. It’s easy to have a ball park figure in your head that’s little more than a guess, and have a look around at the showrooms at cars in that price range. But if you sit down and sort out your car finance first you’ll be able to make absolutely sure that everything’s included, such as any registration costs, licensing and tax costs, insurance, fuel and interest payments, as well as the repayments on the car loan itself.
Once this hurdle has been dealt with you can then enjoy shopping for cars, because rather than guessing, or hoping, you’ll know for certain whether you can afford a car or not, and can therefore look more seriously and more confidently at each once that appeals.
If you’ve been turned down for car finance already because of adverse credit you may have considered guaranteed car finance. If this is so, you may have given up on the idea of being able to sort out your car finance first before shopping, or given up on the idea that you’ll be able to choose any car you like from any dealer you like.
Certainly it is true that some car credit finance firms offering guaranteed car finance do restrict you - but fortunately not all. If you approach getting your car loan or car finance sorted straight away, before looking for a car to spend it on, you’ll stand a much better chance of getting the car you want, without the embarrassment and disappointment.
Car Finance http://www.carloan4u.co.uk/ Car Finance Deals
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Is the Rich Jerk More than a Jerk?
By Jake Saab
You can’t seem to do a search for home business, online marketing or get rich quick schemes these days without hearing something about the Rich Jerk. There are articles ranging the spectrum from ranting about his “bad attitude” used to market his product, right up to glowing testimonies about how much money people are making in a day thanks to his advice. Some people certainly may find his blunt, arrogant way of bringing his point across to be somewhat offensive and unnecessary. For those of us who have practically fallen asleep reading some of the other boring, uninformative e-books about making money online; or the over-hyped sales letters for get rich quick schemes, the Rich Jerk is a welcome alternative.
I came across his e-book about a month ago while looking into possible home business ideas, like so many of us these days that are hoping to start making money online, I had spent countless hours searching for something real. I was impressed to find that the information he gave actually made sense, with little to none of the html confusion of other e-books I’d struggled through. He also didn’t waste time like some e-book authors by going through the most basic details of how to build a website, or explaining in great detail how adsense works. With all of the different site-building programs and D.I.Y web-hosting companies these days, truly anyone can build a good looking website, and Google has plenty of help when it comes to adsense. (There are also some really great e-books on the net if you are looking for something specifically about adsense.) I’ve read e-books that were supposed to be about online marketing, but consisted of nothing more than a few pages telling you to; a) build a website, b) join an affiliate program, c) join adsense. There wasn’t even any real info on how to go about doing those these things, and yet the comment was made in the script that “I know you paid a lot of money for this”. No wonder people are skeptical of get rich quick schemes.
What information does the Rich Jerk give you for your purchase price?
How to choose which affiliate programs to promote, and a listing of the best affiliate networks to join.
Pay-Per-Click and SEO (search engine optimization) strategies, useful for any type of website.
Advice on creating and selling your own e-book/product, and selling other companies products on e-Bay.
A full chapter for “beginners” to expand on all the topics, and make further suggestions for success.
A list of affiliate products and programs he personally recommends to aid you in your venture, and some alternative online business opportunities for the more adventurous.
This may not sound like a lot of information, and while the Rich Jerk is only 47 pages, there is more useable info included than in some books twice the size. There’s a very good reason as to why so many articles and reviews have been written about this product, if you’re looking to start an online business, it is worth your time and money to read this e-book.
As for the issue of the Rich jerk’s “attitude”, it’s called anti-marketing. While people like to complain about it, it does get results. It grabs your attention when you’re looking at a bunch of run-of-the-mill ads. After all, you’re taking the time to read about him right now, just as I’m taking the time to write about him, so he’s achieved his goal. It’s also a matter of doing what works for you; celebrities have been doing this sort of thing for decades. (We can all easily come up with a half dozen or more names that are remembered for exactly this tactic.) I personally felt that it was refreshing to have someone be blunt and honest about what is deemed by some to be a get rich quick program. Make no mistake. What the Rich Jerk talks about is a legitimate online business, which will require you to spend some money before you can start making money.
Please understand that any online business or home business is going to take some work, regardless of what you’re promoting; and it will take some time to actually start making money. The Rich Jerk does have some great ideas for how to make it all a lot easier though, and a lot more affordable too.
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Start A Getting Out Of Debt Blog
By Marcilio David
When you think about starting a getting out of debt blog, you might think of someone whining on the internet about their problems, hoping someone will rescue them. However, blogging about debt does not have to be a pity party. Instead, it can be a tool to help you escape your financial worries.
Starting a getting out of debt blog might also seem overwhelming, like it’s just one more thing to do on top of everything else that demands your attention. When used correctly, though, this kind of blog can help you find a community of people who understand your situation and will keep you focused on your goals.
Find a Community Online
There are quite a few people blogging about their debt problems and solutions. These blogs range from the popular to the personal. Some people even choose to share their actual income and expenditure reports on a monthly basis.
Whatever sort of community you need to help you get out of debt, there are other bloggers who can fill that niche. When you start your getting out of debt blog, make an effort to find these other bloggers. If you post on your blog regularly and make comments on their blogs consistently, you will usually find yourself welcomed by other bloggers as one of their own.
Sometimes, these friendships will even move into the offline world. If some of the other bloggers live near you, you might be able to meet with them regularly to talk about getting out of debt. If they live far away, planning a visit can help you focus on staying the course.
Use Your Community as Motivation
Once you’ve found a community of like-minded bloggers, those relationships will motivate you to stick to your plan for getting out of debt. Belonging to a group is a powerful motivator for human beings, and so your group membership will help you when it gets tough to follow through on your plan.
Use Your Community for Accountability
Your blogging friends are also people who will call you out if you aren’t following your plan or if you seem to deviate without mentioning it on your getting out of debt blog. While this might not be pleasant, it will ultimately help you achieve your goal of eliminating your debt.
Get Advice from Your Community
If you find yourself stuck somewhere in the process of getting out of debt, blog about your problems and see if any of your blogging friends have advice. You might be surprised at how they thrived in similar circumstances or where they can direct you for more help.
If you’re in debt and you’d like to share your story and find others who can help you along the way, try starting a getting out of debt blog today. It’s quick, easy, and will provide you with all the community, motivation, accountability, and advice you need to begin pulling yourself out of debt.
Marcilio David is a cardiologist and internet entrepreneur, he is the owner of The Smart Debt Buster Guide, where you can get a lot of tips and create the right debt busting plan for you. Come and get a FREE Debt report at http://debt.multiplepage.com/
Thursday, January 28th, 2010 at 3:35 pm and is filed under finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
