Wednesday 20 August 2008

Financing Your Van

Every small business or owner-operator has thought about the benefits that a commercial sized van might offer their business. The increased storage and passenger capacity, as well as the professional look and feel that it lends to your operation can be a great boost not only to your ego, but to your business as well. Having a business vehicle available can be a tax write-off in several different ways, and be an investment that your company sees use out of for many years. It can be difficult deciding how to buy or finance a van, but that doesn't mean it's impossible. There's a lot of resources and professional advice out there to help you find the way that's best for you, and hopefully you'll keep some of these tips in mind along your way.

The most important thing to remember is to shop around! Even if you have poor credit, there's no reason that you have to accept the first van finance deal you are offered. Ask questions and learn the terms of the financing carefully, and entertain several offers before you make your final decision. You should never make a financing decision based on only one company, keep taking offers until you find a finance company that's right for you.

You could also use a lease to finance your van. Depending on the mileage and use of the van, it could be possible to save a lot of money by leasing rather than purchasing. And the best part is that you will be able to get a new vehicle every 3-5 years. For leasing, the most important consideration is the insurance costs, and how much you will be driving your vehicle, to make sure that the lease offers you enough mileage to get the best deal for your money.

Whether you're leasing or buying a vehicle, there are plenty of van finance options out there. If you do your research, know what you want, and choose carefully, there's no reason your business can't enjoy all the benefits of a van for years to come.

Tuesday 19 August 2008

Bike Finance: Easier than ever

Buying a motorbike can very much seem like an attractive option these days. Gas prices are higher than ever and show no signs of returning to the previously rock-bottom prices we once enjoyed for fuel. For more and more consumers, fuel economy is becoming a driving factor when they're making their decisions about what kind of vehicle to buy, sell, or lease. Motorbikes are notoriously popular right now for their excellent gas mileage and their lower prices as compared to cars. But even with that lowered price, many people are worried about how they might finance their bike. As you'll see by the time you're done reading this article though, bike finance is easier than ever.

There are many different types of loans on motorbikes, depending on the financial situation of the borrower. Even if your credit is not the best, there are many companies who specialize in sub-prime lending that will take on your loan for you. In fact, many dealers now have their own loan departments to help out buyers who have less than perfect credit, recognizing that this is a large sector of the market they can deal with. The most important advice when taking on a new loan, is to pay close attention to your interest rate. By shopping around and getting the best possible rate, you can save yourself hundreds or thousands of dollars over the life of the loan. The excellent thing about a motorbike, is because of the relatively low price compared to an automobile, you might be able to make the loan for a much shorter term, saving on interest fees and still not having a monthly payment much higher than you would have gotten on a car!

Whether you're buying one for the gas mileage and a commute, or you're just wanting that fun street bike that you've always promised yourself that you would get one day, there's a bike finance program out there for you. Even though it can seem intimidating at first, there are plenty of great places to get resources and information on financing your bike, and before you know it you'll be out on the open road.

Friday 15 August 2008

Car financing on bad credit

There's an often cited conventional wisdom that buying a car can sometimes be more difficult than buying a house. Securing financing for a new automobile can be a confusing and frustrating process for the average consumer, especially at a younger age when you're buying your first car and may not fully understand all the financial concepts that go into an auto loan, and how the companies make their final decisions.

Essientially, a bank will use your credit score, combined with your disposable income, credit history, and residence and job history to make the decision of whether or not to loan you the money for your new vehicle. One of the biggest mistakes in buying a car is paying too much for this financing. The most important tip that can be given is to look at the overall big picture. A low monthly payment might not mean a low cost if your interest rate is very high or if there are lots of penalties and fees built into the loan. Make sure to look at the total agreement when making your financing choice, and if you're not sure what something means then don't be afraid to ask questions.

A lot of companies are offering car loans to people with bad credit, just a simple internet search turns up dozens upon dozens of companies that can help sub-prime buyers with car financing. Many dealerships understand the tough financial times as well, and will sometimes have "special buyer" financial departments that examine and offer credit loans to buyers with less than perfect credit ratings. Remember to shop around before selecting your loan. Consumers often will select the first loan that they are approved for, instead of waiting to see if they might get approved for several different loans from various subprime lenders, and be able to select the rate and terms that are right for them.We've only touched the surface of auto financing with bad credit, but there's a wealth of resources out there for the savvy buyer that could save hundreds or thousands of dollars in the long-run, so be sure to do your homework, and before you know it you'll be in that new car you've always wanted.

Thursday 7 August 2008

Finance for home owners

When you’re looking for a low cost loan despite your poor credit, then poor credit home owner loans are the best option for you. You are free to utilise poor credit home owner loans for whichever purpose you intend to use. You can renovate home, pay off debts; finance a vehicle or clear medical or education bills.
Poor credit home owner loans are provided on the equity of your home. The lenders take your home as collateral and therefore the loan is essentially a secured loan. Home equity is the difference of current market value of home and outstanding mortgage balance. You can take a loan equal to the difference of the two.
The main reason for taking poor credit home owner loans is that they are offered at a lower interest rate. The interest rate is lower than simple secured home loans. This is because poor credit home owner loans are more secured than any other secured loans. The lender is assured of the security of the loan as in case of payment default if the lender has to sell the home he is sure of getting the price equal to the equity and the loan is offered less than the equity in the home.
There is no need for worrying in taking self employed home loan in case you happened to have poor credit. Your home as collateral has already provided adequate security of the loan. The lender anyway can recover his loaned amount by selling your home in case of a payment default. So, lenders do not take your poor credit seriously as a hurdle in offering the loan. They may provide the loan on almost equal terms and at lower interest rate despite poor credit.
Where can you find the right lender? Well, numbers of self employed home loans providers have displayed their loan offers on the internet. Request for their loan quotes and compare them for lower interest rate and other terms-conditions for a better deal. Apply to the selected lender online for fast approval of the loan.
There are many lenders who have showcased poor credit home owner loans online. Compare their interest rate and settle for the one who has even lower rate. Preferable apply online to the lender for instant approval of the loan.
Poor credit home owner loans are best suited for cheaper finance. The loan is given on the basis of equity in home and hence the interest rate is lower. Make improvements in credit score by timely pay off of the loan instalments.
Finally, another great way for saving money by getting a better deal on a car loan is to put aside as much cash as possible and make a down payment. This will greatly reduce the interest rate you will have to pay for financing and thus, you will save thousands of dollars over the whole life of the loan. Down payments show the lender you have the capacity to save money and that you will be able to repay the loan. Thus, the risk for the lender is greatly reduced and the interest offered will be substantially lower.
Home owner loans are available easily to poor credit people who have faced CCJs, arrears, payment defaults or even those who have filed for bankruptcy. With home owner loans well secured by the home of the applicant, there are no risks in offering the loan. Hence poor credit is in fact no impediment in the way of the loan.
These loans are called cheap because interest rate on the borrowed amount is kept low and additional costs are also fewer. Variety of personal purposes including home improvement and purchasing a car can be met through the loan. But, you are supposed to keep certain things in mind.
No credit check is done on the borrower of cheap home owner loans in case of a poor credit. Lenders can easily look away if the borrower has poor credit because the loan is well secured and there is no risk even in case of payment default. So apply without hesitation for the loan despite your poor credit.
But before making a deal with a lender, better compare as many cheap home owner loans providers as possible on internet by asking for their quotes. Settle for the one who has lower interest rate and easier terms-conditions. For fast approval of the loan apply online which is very simple procedure.
Kate Ross has a Master in Finance and has been a university teacher as well as a financial consultant for years. She specializes in Unsecured Personal Loans and also in helping people to get approved for home loans, guaranteed loans, poor credit auto loans, guaranteed credit cards, poor credit loans among many other financial products.
Unsecured personal loans are made for all kind of borrowers and mostly those who are non homeowner can find it better. For all kind of financial obligations borrowers can approach these loans. There are no unfriendly terms and conditions that will make the borrowers to complain against these loans.
There is a lot being said about no credit check loans and their benefits. There are many sites promoting these loans and making fabulous statements about them. There are however, some things you should know about them prior to rushing in and apply for one of them. As with any financial products there are advantages and drawbacks to be taken into account.