Saturday, August 12, 2017

The Do and Don’ts of Finding The Financing For a Ferrari

ferrari buying
OK, so treating yourself to a luxury sports car like the Ferrari 488 GTB or Spyder might seem a bit over the top. However, if you discovered that it wasn’t so hard to get the money that you needed to own your very own dream ride, might that change your mind? Well, keep reading, and you will find out. 

Do get a loan from an independent provider

Unless you have a sudden windfall or a win on the lotto the luxury car that you have always dreamed of can often seem out of reach. However, there are loan comparison sites out there like auto.loan that can help you. In fact, it's entirely their specialty to find you the best independent loan provider that will suit your particular situation. Whether it's pick up truck or that long awaited Ferrari that you want to buy.

Don't get a loan from the dealership or the bank 

While getting a loan like the one mentioned above is a great idea, it worth stating that loan from banks and dealerships aren't always the best. This because they are open offer at a very high APR. Meaning you can end up paying back a lot more money than the car is worth. Something that even the most decorated Ferrari fans are unlikely to want to do to get their hands on their dream car. 

Do save up the deposit 

Something else that you should consider to help pay for your Ferrari is to take some time before you make your purchase and save up the deposit that is required. On a luxury car like this, it can be a fair amount of money, but the advantage in doing this is that by paying off a full deposit you will have a smaller payment each month to make. Something that can make even buying a high-end sports vehicle that little bit more affordable.

Do look for a second-hand vehicle

Another clever way to find the money for your dream Ferrari is to eschew going for one of the newer models like the 488 GTB and the F12 Berlinetta, read more about this at http://www.caranddriver.com and go for a classic or vintage option instead. That is because second-hand cars are often available at a much lower price than mint condition new ones. Also, the latter often lose a great deal of their value after driving them off of the forecourt, it can really make financial sense to go for an older model, both from a financing and reseal point of view.

Don’t buy a restoration project

However, with that being said, it's never a good idea to buy a high-end car like a Ferrari as a restoration project just because the price is more affordable and you can get the funding. As restoring classic and luxury cars takes time, patience, expertise, and usually even more funds. In fact, it's much more likely that the thing will end up living n your drive and you will never get to go out on the road with it. Something that is surely one of the key motivations for owning a vehicle like the Ferrari in the first place?

Friday, August 11, 2017

Recover Your Finances After An Accident Leaves You Unemployed

job less finance crisis
Accidents can be mentally and physically damaging; however, when they cause you to lose your livelihood, they become even more of a problem. Rebuilding your life after you’ve suffered an accident is no easy feat, especially when you have money worries to thinks about. You’ll want to be able to focus on your health and having a speedy recovery, but when there’s stress involved, the process can be slowed down and sometimes come to a grinding halt. If you’ve been affecting by an incident that caused you to lose your income; take a look at the following advice to help you take the steps back towards financial security and physical health again.

Look Into Your Entitlements

The last thing you might want to do following an accident is to sort out your paperwork and any admin. However, the sooner you can bring yourself to work out what you’re entitled to; the quicker you’ll have a helping hand to get back on your feet. Ask a trusted colleague of family member to help you work out what you may be owed from your old job and what your insurance will cover. Be savvy and as thorough as possible; companies will often avoid paying out even when they should. If you need to; contact reputable car accident lawyers so that they can walk you through what you need to do to gain the right compensation for your specific situation. A little time and effort, in the beginning will pay off long-term; just try and make sure you get the right help and advice from the get-go. 

Adjust Your Lifestyle

Your lifestyle may have taken a hit during your recovery anyway. However, if you’re unsure about how long it will take to be fighting-fit again; it’s worth thinking about your long-term plans regarding care, accommodation, and location. Being unable to work may result in missed rent or mortgage payments; so before that happens, think about downsizing, or moving in with loved-ones for the duration of your recovery. You’ll be able to save your cash while you’re there which you can utilize with future houses or apartments. Sway takeout for home-cooked meals, and reconsider where and how you buy your groceries; little everyday changes can really add up to decent savings. If you’re unable to drive, but you own a car; consider selling it and utilizing the lump sum of money you’ll receive and put it towards living costs. Material things can be replaced once you’re on the mend again; don’t risk a roof over your head or going hungry for things that can be bought.

It’s Never Too Soon To Think About Future Options

Keep your mind occupied with what you’re going to do when you’re better; maybe it’s time to consider a career change or training to add to your skillset. Don’t be cautious when it comes to talking to those who could help you in the future; be honest about your current circumstances, but let people know that when you’re ready, you’ll be able to work hard again. Getting a new job when your better will be a positive focus that can help to guide you through these challenging times.

Wednesday, August 9, 2017

Take One Step Closer to Buying Your Own Home with Freedom Debt Relief

finance free options
Saving for the purchase of a new home is sometimes easier said than done. You know that your credit needs to be in good shape, and you know you should have 20% saved for a down payment, but getting to that point can be difficult. To save for a down payment, you need to have extra money that you can put aside each month, which not everybody does. And the more expensive the home, the more you’ll need to save. If you are in debt and struggling to make ends meet, there is good news. The Freedom Debt Relief program could help you get one step closer to achieving your dream of homeownership.

Saving for a Home – Where Do You Start?

If you have made the decision to save for a home, the best way to start is with a plan. Research the market to get a general idea of home prices so you can determine how much you’ll need to put aside. Once you have a savings goal, try to decide on the ways that you can reach it. The fastest two ways that you can do this are by earning more and spending less.

You can earn more money by doing things like taking on a part-time job. This could be delivering pizzas, driving for Uber, or even babysitting. Or, if you have a talent or hobby that you enjoy such as making jewelry or woodworking, turn this into a side business and earn a little money off it too. Another way to generate more money is by selling things you no longer need. Have a garage sale or list things online for sale. Just make sure to stay disciplined with putting this money aside each month as you work towards your goal. 

By reducing your expenses, you can also free up money to save for a down payment. This can be done a number of ways. First, take a good look at what you are spending your money on. Is there anything that really isn’t necessary that you could give up, at least for a while? Be mindful and track your expenses. This simple awareness can shed new light on your spending habits. Additionally, take a look at the bills you pay each month. Are there ways to get these down? For example, adjusting the temperature on your air conditioner when you are at work each day could decrease your energy bill by up to 15 percent.

Speaking of bills, how much are you paying on credit cards each month? If you are simply making minimum payments, it could take a long time to pay them off. The money you are paying on these balances each month could be going towards your future home instead. And this is where the Freedom Debt Relief program could help. With this program, you could become free of credit card debt, leaving more money available to put aside for a downpayment on your home.

What is Freedom Debt Relief?

Freedom Debt Relief is a program designed to help you resolve your debt quickly and for less than you owe. The program is customized specifically to your needs by one of their Certified Debt Consultants. So, you could receive significant savings compared to making your minimum payments each month. Plus, you could pay your debt off much quicker. 

Because our debt consultants are highly skilled in settlement negotiation, they will create the best negotiation strategy for your settlements, work through the timing and details of each one, and could also leverage your accounts against each other to negotiate even bigger savings. Once a settlement is reached with one of your creditors, they will contact you for approval. And you pay no fee until they have successfully settled the account for you. 

Want to learn more about how Freedom Debt Relief could help you get one step closer to home ownership? Give them a call today for your free, no-obligation consultation.

Tuesday, August 8, 2017

Can I Stop Foreclosure by Filing for Bankruptcy?

foreclosure bankruptcy
The number of foreclosure filings in the United States has come down since 2011, but the data will still shock you as there were a total of 956,864 filings in 2016 and 203,108 home repossessions. The foreclosure rate as of June 2017 is 1 in every 1,789 homes, with the top states being New Jersey, Delaware, Maryland, Connecticut, and Florida.

Thankfully, the other states are doing better, but are not without concerns. Take Arizona, for example.

The foreclosure rate in Arizona is 1 in every 2,758 homes, which is better than the national average. However, the foreclosure rate in Arizona is up 20% over last year, even though nationally it is coming down, making this a cause for worry. What happens to your home if you are filing for Chapter 7 or Chapter 13 bankruptcy in Arizona because you might have also fallen behind on your mortgage payments? Will you be able to keep your home, or will the lender take it away? By understanding a little about bankruptcy help in Scottsdale and across the state, you can prevent home foreclosure.

Get a Stay Order

The court will issue an ‘order for relief’ automatically when you file for bankruptcy. Once you have the ‘automatic stay’, the creditors have no other option but to cease all collection activities immediately. Even if your home is already scheduled for foreclosure, it is going to be legally postponed, usually for 3 to 4 months. This will give you the much needed time to make alternative arrangements, perhaps even to pay back the money.

There Are Two Exceptions

You may not get the ‘automatic stay’ order in these two cases,

• The lender may get permission from the bankruptcy court to proceed with the sale. In this case, you may not have the full 3 to 4 months. But even then, you will be able to postpone the sale by 2 months at least.

• The automatic stay order cannot help you if the foreclosure sale notice has already been issued. The lender can file a motion for lifting the stay and can ask the court for permission to schedule a sale.

How Filing for Chapter 13 Bankruptcy Helps

You Chapter 13 bankruptcy filing will let you pay the ‘arrearage’ or unpaid payments over a long time, sometimes up to 5 years. However, you need to be earning enough to make the current mortgage as well as the arrearage payments. You can avoid foreclosure if you are able to make these payments till the end of the repayment plan.

Chapter 13 might also eliminate the payments on your 2nd or 3rd mortgage.

Chapter 7 and Foreclosure

You cannot cancel the foreclosure with Chapter 7 bankruptcy filing. But you will get an exemption from the tax liability on losses a lender incurs when you default.

When you purchased the home, you had to sign two documents – a promissory note for repaying the loan, and a security agreement that can be recorded as a lien for enforcing performance on the promissory note. You can get rid of the personal liability with Chapter 7, but not the lien.

Many of us work hard to make enough money to buy a home. But a lot of people fall behind on the mortgage and lose their home because of an economic downturn. Filing for bankruptcy provides a much-needed second chance. You will get the all-important time to find alternatives, structure a new payment plan and eventually save your home.

Monday, August 7, 2017

What To Look For When Trying To Find The Right Used Car Online

car renting
Buying a car online has been seen as a risky thing to do in the past. People often fear that they may be stretching a little too far and taking a risk with a sight-unseen purchase. However, there are a few things to look out for when finding the right car. You can easily do these things online by searching for the correct information you need to cypher through something that looks fishy and don’t make sense and details that stand up to scrutiny.

Search in the right places

Various search engines that are specifically designed for selling cars are better than other and most certainly better than looking on broad search engines Google. However look for unconventional websites that may be selling just the car you’ve been looking for such as eBay and Craigslist. For a more targeted approach look on websites like Autos, Auto trader, and the top car selling website in the country. Most of these sites will provide you with options to narrow down your search, such as the color, engine, displacement, registration year, model, warranty, insurance and sometimes even horsepower. These kinds of website specialize in giving consumers the most amount of information and demand that sellers who use their website, supply adequate information as one of the terms and conditions.

Look far and wide

Whatever part of the country you might be in, focus purely on the quality of the car. You should see this purchase of a car, not just as a way to make life easier with your own transport, but as an investment. Putting restrictions on your desires will lead to misfortunate decisions being made. Don’t ever limit your search as a cheaper and better car may be further from you, but ultimately, you’ll be saving in the long run, than if you settle for a closer but more expensive car. With the services of a company like Shiply, they can deliver the car to you or bring it closer to you, so you can pick it up, and not have to miss a day of work. Such companies have been tried and tested, and all delivery companies on the website are feedback rated, so you can choose who is trustworthy and who you want to avoid.

Research the model

You should make sure you’re not driven by emotion, and just because the car looks fine in the pictures and all the paperwork seems to check out, there may be hidden niggles underneath the surface. Check the model online and see if you can spot any alarming patterns. The model may have been recalled by the manufacturer for defective engineering standards or faulty design. It's wise to trawl around car forums and read anonymous comments about the model you're interested in. You may find the feedback from people who own the car you’re after, have bad experiences and find they’re paying to constantly fix a particular component.

Target your search and don’t wander aimlessly around search engines which aren’t purposely designed for people to sell their used cars. Don’t put limitations on your search because the car may be too far out of perceived reach. And, make sure you thoroughly research the model you’re interested in, detailing its history and track record.

Sunday, August 6, 2017

Small Business Tips for Small Budgets

small budget business
If you’re thinking about a change in career, the only thing that may be holding you back is money. Whether you need it to study to gain new qualifications or you need it to invest in a business idea, if you haven’t got the money, it can seem like you’re at a dead end. However, there may be more options than you think. Starting a small business doesn’t always require a big cash injection. Here are some business ideas you could start working on with little to no start-up cash needed.

Bespoke Products

Unique is in fashion! So, if you have the talent to make something completely unique, it’s almost guaranteed that you could sell it. Perhaps you’d like to sell your artwork or fancy the idea of restoring furniture. For many people, it’s money they’re already spending if they’re doing it as a hobby anyway. It’s free to set up accounts on websites, like Etsy, and you can market your products via social media, which is also free. You can accept payments from customers by using PayPal and you’ll only lose a small percentage of your fee. However, that percentage does keep you and your customers safe.

Sell Something

Perhaps you have a passion for fashion and a keen eye for the latest must-have items. There can be costs involved in setting up a store to sell items, whether it’s a bricks and mortar store or an online store. Obviously, you must think about the cost of buying stock in preparation for your opening, and you’ll always have to consider tax and quality dividends. What are qualified dividends you ask – here is a comprehensive guide. However, if you choose to sell online, you’ll avoid the costs of rent and utilities. Once the initial costs have been paid, you’ll find that you’ll have more money coming in than you have going out.

Use Your Talents

Often times, starting a business with little money is all about being resourceful. What can you offer? Do you have admin experience? Are you good at writing? Perhaps you enjoy spending time on social media and keeping up with the latest updates. There are plenty of jobs you can do where all you need is a laptop and an internet connection. For instance, a virtual personal assistant or a freelance web designer. Choose a business name for yourself, set up a business email account and start offering your services. You can bid for jobs on websites like Upwork.

Use the Talents of Others

You can find many websites that offer freelancers work, but you can also use these websites to get work done. When you’re starting out a small business, there’ll be lots of things you may not be able to do for yourself. For example, creating a business logo or designing a website. You can keep costs down by hiring freelancers who are willing to do free revisions. It’s a great way to get your business branded at a relatively low cost.

A change in career doesn’t have to complicated or expensive, so consider all your options before you give up.