Top 6 Advantages Of Student Loans

It is just a common myth that only the federal loans provided by the UK government are cheaper and easier to repay than the student finance options provided by the private direct lenders. However, if you see the APR and repayment modes, then you come to know that private student loans are the clear winner! Let’s have a quick look at the top 6 advantages of education funds offered by the direct lending companies:

Borrow Short-Term and Long-Term Funds

Whether you are looking for a big amount to complete the higher education course, or need short-term funds, to give just hostel and tuition fees; both options are easily available and you can access the required funds in less than 24 hours without facing any hurdles. You can ask the lender to transfer funds directly to your bank account or deliver to your doorstep.

No Documentation to Waste your Time

The time of a student is very precious and instead of taking stress about the cash, he should focus on studies. Direct lending companies know the importance of young generation in the development of the UK and hence they offer paper free student loans plans. You are not required to submit your last class mark sheet or the address proof.

Apply Online in Just 2 Minutes

You don’t have to bunk classes or take leaves from the college, just open your laptop or smartphone and apply for the student finance loans on any reliable direct lending website. You would need just 2 minutes to complete the online application procedure. No hard copies or soft copies are required.

Avail Funds with No Guarantor

Students don’t have a big network to arrange a guarantor. They are dedicated towards their studies and interact less with people. Arranging a guarantor is an embarrassing task for them as people are not ready to co-sign their application. They can easily access student education loans with no guarantor and no broker by applying to a reliable direct lender.

No Hurdle of Bad Credit History

Some students have bad credit issues due to pending credit card bills or some other reasons. Banks and conventional lending companies don’t entertain their funding requests. However, they can easily secure the cash by applying student loans to a bad-credit friendly lender. There are no hidden charges. You can compare various deals and grab the best one with the lowest APR.

Easy and Flexible Repayment Modes

Everybody knows that a student can’t repay funds during his education time. He doesn’t have a steady source of income. Direct lenders offer various student repayment plans that can be chosen as per comfort. You can either start repaying in installments from the next month or repay the total debt in instalments after completing your education.

Easy Guide to Financing Online Casino Fun

Being unsure of how casino finance online works, most people would like to join the world of online gambling but feel hesitant. If you are one of these people you do not have to worry; the process is simple to understand if you follow the right steps.

How to Choose the Casino

When deciding which online casinos to play, you may want to consider a few things:

Themes that appeal to you
Your favorite casino games
Look and feel
Promotion bonuses
Funding process
Loyalty programs

Try to visit as many online casinos as you can so that you can work up a comparison and decide which one is best suited to you. If you are attracted to the bright lights and ringing bells of land-based casinos, you will be able to find a very close simulation online as well. Perhaps you are looking for a high-end experience that is more sophisticated.

How to Gamble Online at No Cost

Some online casinos give new customers the opportunity to play games at no cost. This is so that you can have the chance to test the software and to gain gaming experience before making any financial commitment. When visiting online casinos, links are usually available that take you to pages specifically designed to tell you more about casino finance online.

Funding Options

Using a credit card to fund your account is by far the simplest option. The biggest advantage of this is that the money deposited will be immediately available for you to play. You will find alternative options to casino finance online that include sending a check or money order and you can have these explained to you in further detail by contacting a customer service representative of the online casino in question.

Loyalty Programs

To attract new customers and retain existing ones online casinos introduced loyalty programs as a drawing card. Advertisements promoting these programs can often be found on the home page of some casinos but most appear during the registration process. Bonuses for playing or depositing money are examples of some of the rewards available to players in a loyalty program.

Initial Deposit Bonus

After making the decision to register for a new account, check for any sign-up bonuses that may be offered. Sometimes online casinos offer bonuses to customers who make their first deposit into a new account. This benefits the player by adding to the amount of funds they have to play their favorite casino games.

Casino Accounts

Once you have created your account you are able to check your balance and view a history of your playing activity. This is a great way to keep tabs on how much you have won and how much you have spent. After a bit of time investigating your options, casino finance online is demystified and you can now dive in to the spectacular world of online gambling with peace of mind.

Top Five Intra Day Trading Tips To Become A Better Trader

In words of Warren Buffet The stock market is a device for transferring money from the impatient to the patient. Let’s read between lines. The investor or trader who is impatient (frequent buy/sell strategy) transfers money to the patient (holding strategy).

Find below herewith five tips which should be followed by a day trader:

Take advice of professional trader

Before one starts day trading it is better to take advice from experienced and expert day trader trainer. Every trainer will have different teaching method and style. See for one who has good teaching method. He should also suit your trading style. They may be ready to teach in their free time. He may charge the fee. As he is spending his free time with you. But it is worth. You can assume that paid fee as an investment, which you need to get knowledge. They are the best share tip providers when you trade.

In future when you grow big, many newbies’s will come to get knowledge from you. At that time you can charge them likewise.

Gather information from financial news

One has to gather news from across the globe. Segregate relevant news, which affects your business. Analyze and set priority which news will most affect your business. Stay updated on news like meetings, change in government policies and rules. Local, national and international news should be followed.

M&A, financial results, entry/exit of members of BOD, etc. These types of related news of the company one have shares in, make sense.

Though the news does not impact a common man but may have an impact on your investment in the concerned company. This news helps to take a smarter decision, especially while trading shares. Through nifty future tips also one can gather information.

Treat trading as any other business

Take day-trading as any other business. It is not a hobby, but a serious business. It is not for fun that one is in day trading. Like any business, it needs devotion and dedication. Trading is a part. One has to devote a lot of time preparing a plan. Study different charts before coming to any conclusion. Follow news on TV, read business magazines, study reports etc. It is a full day activity.

Keep eye on professionals

One should study professionals. What they are buying, when they are selling. For how much time do they hold the script? Since they have experienced one can learn a lot by keeping eyes and ears open and mouth shut. If one makes mistakes, then analysis the mistake. What went wrong and where? You can find them in many share market advisory companies.

Patience

It needs time, energy and devotion to master the skills. As the old saying goes Rome was not built in a day It was destroyed and then rebuild. This process was repeated many times over. Even if one makes loss he has to get up again for a fight.

Traders do not profit all the time. Many a time they incur losses. So one has to be prepared for losses and have patience during the time of loss. Commodity tips are also helpful to know the market trends.

Today’s successful traders were also novice once in a while. They got success by their hard and smart work. They had put in their efforts, made mistakes, but kept up their learning process.

Does Social Media Help In Getting An Auto Loan?

We live in a world dominated by technology and social media. Whether they are your shared posts, status or your connections, social media platforms play a key role in carving your virtual personality. A well-known fact is that technology is an inevitable yet an integral part of our lives. When it comes to financing your car, social media is building its way and becoming a relevant medium of profiling. For instance, John walked into a dealership to purchase and obtain financing for a car. The quickest and easiest way to search for a tentative background of John would be to get a grasp of his personality on the basis of his behavior on Facebook and Twitter account, respectively. Currently, a small percentage of lenders use social media for judging an individual’s creditworthiness. However, the developing presence of social media is gaining mind share of the lenders.

Can Social Media help in ascertaining the Creditworthiness of an individual?

1) Facebook can build your Credit Circle

The very essence of Facebook lies in networking. A creditworthy profile does not require millions of posts or many friends. However, if you have a genuine profile and do not pose any abnormal social behavior, your profile is likely to get approved for an auto loan. Additionally, the presence of certain contacts in your friend list with a clean history and a strong credit score further add to your creditworthiness. Lenders can look for mutual contacts that have been previous customers. The payment history of the mutual contact can then be used as a basis to judge your creditworthiness. In order to get the most out of your circle, seek a person with a good credit score and make him a cosigner and your auto loan process will become smooth.

2) With LinkedIn, lenders can check your Employment Stability

A stable employment speaks volumes about your personality and trustworthiness. LinkedIn can serve as the best source of obtaining information regarding your job history, duration, professional position and interests. The documentation of an auto loan requires you to display evidence of a source of income through pay stubs. However, there is less proof one can gather regarding the stability of employment. Social media can become a tool to ascertain not only if there is job-hopping, but also the financial strength of the individual. A person with a 500+ connections, long duration of employment history and a considerable profile activity can become a favorable applicant in the eyes of the lender.

Buying a Car: Making the Most of your Social Media Profile

Social media has made its way into the minds of auto buyers as well as lenders. As primary sources of guides, nothing comes above your credit score, current income status and payment history. However, virtual platforms such as Facebook and LinkedIn are starting to occupy mind share in terms of creditworthiness. Once the primary sources of information seem insufficient, lenders may turn to social media to get an idea of your personality. A few helpful ways to make sure your social media positively adds to your credit score is to be careful with your online posts, invite only genuine friends into your virtual circle and to always keep your professional profiles updated.

How To Save Money On Your Two Wheeler Insurance

Tips to save money on two wheeler insurance

Many people in India own two wheelers. It is compulsory for you to buy a two-wheeler insurance policy if you own a bike or a scooter. But can you reduce the insurance expenses? Sure you can! Just follow these tips and you will see a difference.

Avoid making smaller claims: Before you make a claim, see how much the bill amount is. If it is a small amount, pay it yourself. Making numerous small claims will unnecessarily bring down your NCB to zero which will overall lead to a loss.

Attach anti-theft devices: A car insurance plan offers protection against theft and other dangers to the car. So if the car is found to be safe and less susceptible to thefts and break-ins, the insurer will offer a discount on the premium. Therefore look to install some anti-theft devices to the car to not only keep it safe but also to reduce your insurance costs.

Be a good driver and earn No-claim bonus: Driving carefully will reduce the chances of your car getting into mishaps. This will reduce the need to make claims and you will earn NCB. The NCB will in-turn pull down your insurance premium costs.

Renew two-wheeler insurance before expiry: Do not wait for the two wheeler insurance policy to expire before you renew it. If you have a lapsed policy, you may need to pay some fees and fines to get a new plan. So always try to renew the policy on time to save money.

Buy online: It is known fact that insurance bought online is cheaper. So buy a two wheeler insurance plan online and save a considerable amount of money.

Choose the right kind of cover: If you have a two wheeler that you use occasionally or is almost on its way out, opt for a third party cover. If however your bike is used daily and is a valuable vehicle, go for a comprehensive plan. Knowing which cover you need will help you save money.

Deductibles: Every two wheeler insurance plan has a deductible component. This means that as the policyholder, you will have to pay certain amount at the time of a claim and the insurance provider will pay the rest. A high deductible will lower your premium costs and vice versa. If you are confident of your driving skills and feel you won’t need too many claims, opt for a higher deductible. This will help you save money on your two wheeler insurance plan.

Compare: Last but not the least, you most definitely need to compare the available car insurance plans to get the best deal at the best rate. This is one of the easiest and quickest ways to save money on your bike insurance plan. Compare when you buy a new plan or renew an existing one.

Top 5 Benefits Annuities Can Bring Except The Lifetime Income

Earning a consistent income in their retirement life is a major concern for the seniors approaching their retirement and many of them invest in different annuity insurance plans. These annuities help the insured to receive a guaranteed income for life protects from the fear of outliving their savings. Also, if a senior couple hasn’t saved enough or doesn’t have someone to support after their retirement, these policies help greatly to take care of their daily expenses and maintain a better lifestyle. However, the majority of seniors isn’t aware of all the benefits an annuity can bring. Most of them buy an annuity solely to receive a guaranteed income in their retirement life but the annuities have a lot to offer. Here, we are going to explain five more benefits of a retirement annuity plan that you might not be knowing.

Benefit to your loved ones

At times, seniors pay a long series of premiums to earn them back during their retirement but die at an early age without receiving the complete benefits. Many seniors die soon after their retirement and insurance providers keep their share of investment with themselves. But, the new additional feature allows transferring the benefits to the beneficiaries, if the insured dies early. Along with the immediate annuity plan, you can choose a guaranteed period of 10-20 years that are calculated since the time you start receiving the payments. If you opt for a 20-year guaranteed period with the annuities, your insurer will provide a series of payments for exact 20 years. You can name your spouse or kids as the beneficiary and they will receive the benefits for rest of the period, in case you die early.

Tax deferral on earnings

Most of the investments are applicable for state and federal taxes, but the investments such as interests, annuities, dividends and capital gains earn a tax-deferred status. These investments are tax-free until you withdraw the accumulated amount. The tax-deferral is similar to 401(k)s and IRAs, but there isn’t any limit on the amount and you can put any amount into the annuities that you assume enough to spend your retirement comfortably. Moreover, the minimum withdrawal criteria have more flexibility than that of to 401(k)s and IRAs.

Tax-free investment transfers

Market performs differently at a different time and an investment performing strong today may perform poorly after a certain period. Hence, investors keep transferring their investment amount form one to another fund and there are financial advisors to help with the same. Usually, these investment transfers or rebalancing are applicable for taxes but the annuity retirement plan has no such tax consequences. That means, you can rebalance your investments as per your financial advisor’s suggestion and you won’t have to pay any taxes on that.

Protection from lenders

People take different types of loans to match a better lifestyle and pay the due amount in installments. At times, people reach a stage where they only have the money enough to take care of their fundamental requirements and aren’t able to pay the loan installments. In such cases, if the lender files a lawsuit, they may lose the return on the investments made. Annuities insurance policies also help protect your investment return even if you can’t make the installments. Usually, the premiums you have made to your insurance provider, belongs to them and there are laws that restrict that money to be accessed by the lenders.

Variety of investment options

Insurers help the investors with a range of annuity options at retirement including the fixed and variable one. The first one credits a certain rate of interest on the amount you deposit while with the later, your money is invested in the stock or bonds like mutual funds and provide a return based on the market performance. Also, various insurance providers have introduced different types of floors that set a limit by which your investment value may not fall further. That means, if you have invested in a variable annuity, you return won’t fall below a certain value, despite the fluctuations in the market.

Learn the Rules of the Auto Financing

When it comes to getting approval for a car loan, lenders have a very specific set of criteria for you. They want you to have an established pattern of credit. They want to see evidence that you pay your bills on time, that your credit history is free of black marks. They want to see that you don’t forget to pay your bills or pay them late.

As a general rule, lenders also want evidence that you make at least $1600 a month. Depending on where you live, they might want to see more. If you don’t make this minimum, you will not meet the basic requirements for financing and will potentially damage your credit rating by being rejected.

Before you are approved for a car loan, prospective lenders and dealers will want to review your credit report. They will look at your past creditors. They will review your open credit accounts and loans. They will want evidence that you are not carrying a large amount of debt.

They will not want to see lots of open accounts. Your balances should, ideally, be very low. It should be zero whenever possible.

Multiple credit cards and store cards are what put people hopelessly behind when it comes to money and debt. If your credit card balances are above 50%, it is likely that lenders will reject your loan application.

In addition to scrutinizing your finances, most lenders will ask for proof that you have been living at the same address for six months or more. People who have not been in a place for more than six months are categorized as nomads. Nomads continually move. One of the consequences or motives for this is considered to be a desire to avoid having to pay debts.

Your credit history is also going to play a crucial role in determining your eligibility for a car loan and the likelihood of you obtaining competitive terms. If you have no credit history, you have little chance of being approved. If you have no credit history at all then you will need at lest six months to establish credit before applying for a car loan. You will not get approved without credit.

No credit at all means that you have limited capacity to build credit. Such is the way that the world operates at the moment. Your options are limited, not non-existent. If you have no credit, you can probably still manage to open a gas credit card or a credit card offered by a store like Target.

Shop as you would normally but use your credit card to make the actual purchases. You should then be paying off your balance in full every month. You must not overspend or let any of your balances reach 50% of your credit limit. Things like this will undermine your credit score.

Without ever having had a credit card, you are unlikely to have a credit score. Either you have no score or it’s below 550. In either case, no lender is going to offer you financing, least of all competitive financing.

Overlooking the basics is the reason that most people get rejected. Many adults think they can go through life without paying their bills. Unfortunately, big brother is watching everyone these days. When you refuse to pay, whether it is a medical bills, credit card payments, loan installments, traffic tickets, or late apartment rent, it all gets reported on your credit report. A negative detail on your credit report, a black mark, can keep you from getting financing for a period of seven years.

People with credit scores of 680 or less should not submit applications for financing. They should concentrate on raising their credit first. Rejected applications bring down your credit score so you should be very strategic when applying.

You might try and apply for a bad credit car loans from a network of high risk lenders and car dealers. Some of the high risk lenders will even offer reasonable rates if you have had a bankruptcy.

In some instances, even a high interest auto loan is going to help you in the long run. Assuming that you build your credit by paying on time, the next time you go to buy a car or a house, for instance, you are going to find yourself in a strong financial position.

By observing the rules of the auto financing game, you can go a long way to improve your overall financial situation and come out on top of your financial deal.

Lead You To The Authentic Zone Of Money Transfer

If you have an international business and you have to move to many countries for the purpose it is the urgent requirement to find a reliable and efficient money transfer service. Business with any other country will require a resourceful money transfer. This transfer should be fast efficient and safe. Your trade shouldn’t be forced by the variation in exchange rates either. For all these reasons, it is prudent to take the assistance of International money transfer Services available. It will be better to find the reputed and quality one on the internet. It is an internet era and you get different types of information on the internet.
Process Involved
This service helps you find a provider that you are comfortable with. After you decide on the money exchange provider you will need to complete some forms. Once you have established contact, you will be informed about the rules, terms and conditions involved with a deal. Finally, you will be asked to complete some forms to set up your account. You can fix a standard rate for your exchange as well. The whole process is hassle free and once you learn how to go about it, the upcoming transactions will be smooth, effortless and quick.
Exchange Rates
When you wish the inexpensive currency transfer to be done, you should be careful about the rate you choose. With large amount of money a little change can make a big variation for your commerce. When you transfer your money to a bank, they will transfer it at a great exchange rate that you are happy with on the day you have mentioned. Exchange rates promised may differ between agencies that are why you should be careful while choosing one.
Staying in the circle
Most good free currency transfer companies will make sure you are kept in the circle about where your money is. When the transaction is being made, you will be sent a verification message and sometimes even a message. You will be consulted before and after the deal, which assures that nothing can go wrong with the deal. This feature gives you more control over your money.
Expediency and safety
Foreign Exchange is a very expedient way of sending money across countries. When you choose a reliable company, along with good customer service, you will also safer transferring your money. This service is as useful for the common man as it is for businesses. Having an overseas exchange agent working for you is an immense way of saving money. In some websites, you get to check the exchanging rates promised before you sign in to transfer money. This makes it easy for you to select the best in the record.
Currency Exchange near me, this thought is quite wise and intelligent as there is lower risk for the safety of your cash. If you are in Adelaide, you can find a good currency exchange company that has a strong team for a powerful deal of money transaction. A reputed and trustworthy company always offers the better rates and a higher security.

The Benefits Of Trading The Commodity Market

Like trading in the Stock market, trading in the commodity market is also very interesting. While one trades on the basis of Stock Cash Tips in the stock market, the trader can trade on the basis of commodity tips in the commodity market. ProfitAim Research is one such advisory firm, which provide both the best Stock Cash tips as well as commodity tips to the traders.
Commodity market seems to be a lucrative avenue to a lot of traders and Investors. In the Commodity market various commodities are traded and one can take benefit of the price fluctuations to trade effectively in the commodity market. Various commodities are listed on the Commodity exchange and the relative prices of various commodities are traded on the exchange. There are various benefits of the Commodity trading like a trader can make huge profits by trying to forecast the Commodity signals. The most important part of the Commodity trading is to anticipate the Commodity trading signals.
Scalping: Intraday Trading Strategy For Commodity Market
One of the important benefits of the Commodity market is that the trader can form a strategy and trade on the basis of it. The Intraday strategies like First hour strategy or scalping techniques can be followed to earn good profits from the trades. Scalping is a technique to look at the price range during the first hour of trade and then look for a breakout from this range. Thus, if the prices break from the high it’s a buy call and a rise in the prices is anticipated. On the other hand, if a breakout from the lower limit of range is observed a down trend is anticipated. Thus, scalping is an important strategy in achieving good profits from the Commodity markets.
Also, there are other strategies available like trading for small profits. In this case small changes in the Commodity signals are generally traded for the profits. Also, a large number of trades are executed to add up to large profits, this will be applicable in Stock cash tips as well. The Commodity trading signals are unassuming but still with a proper plan and a proper strategy good profits can be made through Commodity markets. The trader can also base their trade based on the advice from the advisory firms who provide free Commodity signals initially and then charge a nominal amount for their services. Thus, the Commodity trading is beneficial if done with proper planning and strategy.
Trading based on the Charts
Trading in the stock or commodity market is an art difficult to master. People use various methods and strategies to trade in the stock markets. Trading based on the charts is one of the ways out of them. Various types of charts exist like Candle Stick charts and line charts. These charts can be plotted with varying time scale. The price movement depicted by chart can be an important way of forecasting future prices.
Thus, one can trade on the basis of charts and by applying suitable indicators of the technical analysis, one can anticipate the price movement. Trading on the basis of intraday Stock Cash Tips is the other way of trading.

Games the Auto Dealer Wants to Play

Auto dealers don’t play these games for fun, they play them for profit. You don’t have to play the game, but you should definitely know the rules. From the minute you set foot on a dealership, sales personnel will start playing a game called “the steps to the sale”. It begins with the “meet and greet” and continues with “building rapport, gaining trust and qualifying” right through to the “demo and write-up”.

The game is putting you on this path and keeping you there until you drive away in their car. Your best chance at getting the vehicle you want, at a fair price, is to get off, and stay off, this well rehearsed path. Knowing the rules will save you time, aggravation and, most importantly, money.

Rule #1: Don’t tell the salesperson anything but your name. Believe me when I tell you that every single piece of information that you give your salesperson will help to lead you down the path to profit. Any good salesperson has been highly trained to probe for “hot buttons” and to use trial closes. The salesperson makes his, or her, living asking you questions. Don’t play this expensive game.

Rule #2: The salesperson is NOT your friend. Don’t buy into this trick for even a second. Every salesperson has been trained to do whatever it takes to convince you that the two of you are best buddies. The belief is that you will be more willing to follow your new buddy down the path to a sale. No salesperson gets paid to make friends, they get paid to sell you a car and they get paid a percentage of the profit. The higher the profit, the higher the commission. If you really do like your salesperson, you can become pals AFTER you buy your car!

Rule #3: Don’t feel bad about “misleading” your salesperson. If you remember rule #1, then you know not to tell your salesperson anything, especially how you intend to pay for the car you decide to buy. ALWAYS act as if you intend to pay cash (or write a check) for whatever car you decide to own. This is critical and might be the single most important piece of advice to follow. Once you find the car of your dreams, negotiate with the assumption that you will be paying cash for the vehicle. Not until you have settled on a price do you announce your intent to finance. This strategy keeps the focus on price and off of payments. Everything about the negotiation process is designed to get your attention off price and onto payment. This is absolutely a game you cannot afford to play. Don’t feel bad if your salesperson accuses you of being “misleading” because he certainly has no intention of apologizing for any attempts to “mislead” you.

Rule #4: New car buyers have to know about every rebate available. Once you have decided on the new vehicle you want to purchase, ask to see the dealer invoice. And in case you’re wondering; in my 30 years in the business I have never once seen a fake invoice. Once you have the invoice, make sure you know what, if any, consumer rebates you qualify for. Besides the advertised rebates, most manufacturers also have a number of unadvertised rebates, such as; loyalty, military (active and retired), vendor (affiliates and suppliers), associations (farm bureau, national education assoc., etc.) and even employee discounts (some manufacturers apply these discounts to immediate family members). The dealer should be willing to give you information on any of these unadvertised rebates, but just in case he doesn’t, you should be able to find them through the manufacturers’ website or by checking with the regional sales office. Once you have all of the consumer rebate information you should find out if the dealer has a rebate coming. Known as dealer cash, most manufactures reward their dealers with incentives to help move aging or slow selling inventory. You can find these rebates in The Automotive News (The central branch of my city library has a subscription and I can find issues in the reference section) or at Edmunds.com. You should be able to combine any rebates, consumer and dealer, to make your best deal. If you are financing for more than 2 years and the rebate is a choice of cash back or a low interest rate, be sure to do the math before deciding which offer to take. Don’t always assume that the cash rebate is the best way to go.

Rule #5: Used car buyers should ignore the window sticker or asking price. You don’t need the dealer to tell you what a used vehicle is worth. There is so much information available on the internet that you should know exactly what any vehicle you’re trying to buy, sell or trade is really worth. If a dealer is asking more, it simply means he paid too much or is set on making a substantial profit. You can find values at KBB.com, NADAguides.com and Edmunds.com, to name just a few. Most will give values for a number of scenarios; KBB gives a trade, private party and retail price. A fair market value would be something between trade and private party. Auto Trader magazines are a good source of comparables and employ a mix of dealer and private ads. The asking price won’t be much help though; you should call and see what a vehicle sold for to get a sense of the real market value. Ask to have any vehicle you’re thinking about buying inspected by an independent mechanic; if a dealer has a problem with this, find a new dealer.

Rule #6: If you’re financing, make sure that the interest rates and loan terms you sign up for are the best that you really qualify for. If you have good credit, get yourself pre-approved before you get to the dealership. Check with your bank or credit union as well as online lenders. You can find a list of online lenders in my book and on my website. If you get to the dealership and find lower rates available it’s still your option. If you have poor, or no credit, you are at the greatest risk of paying too high an interest rate. You will most likely be offered what is easiest or most profitable for the dealer. While a bank or credit union probably won’t be much help (unless you have a very strong co-signer) there are still many options available on the internet. Again you will find a list of online lenders in my book or on my website.

Rule #7: The Business Office isn’t just the place where you sign your paperwork. The real function of the Business or Finance office is to sell you products and financing. The dealer can make significant profits marking up the interest rate, so ask to see the approval from the bank. Products offered will range from warranties, window etch, interior and exterior protectants to Gap, credit and life insurances. Many dealers make more profit in the Finance office than they do selling the cars. Be careful here and don’t fall for common tricks such as “menu selling” (products are presented as packages and you are given choices of packages that you can afford), and “payment packing” (the payment you agreed to in your negotiations is more than what it would take to just buy the car, leaving room for the products presented by the Finance manager to seem more affordable). The best way to see the real cost, or payment effects, of any products or packages offered is to have the Finance manager print a contract with NONE of these present and then another contract with the added products.

Make sure the vehicle price, interest rate and loan term are the same on each contract. (It’s easy to trick someone into believing that a product or package adds very little to the payment by extending the loan term or lowering the interest rate) Remember also, that while banks will finance these products and packages, they are NEVER required to obtain an approval and DO NOT affect the interest rates or terms. If your finance manager implies that purchasing ANYTHING offered will increase your odds of a loan approval or will lower the interest rate, he is committing a crime. If this happens to you, have the finance manager write this out for you and take it to the owner of the store and ask for your name to be added to the sign on the building. Big No No.

There is so much more specific information for you to know before you purchase your next vehicle, much more than I could give you in this short space. I encourage you read my book or visit my website to prepare yourself completely, and save yourself thousands of your hard earned dollars, each and every time you buy a car.