The Benefits of Buying Used Cars

The benefits of buying a new car are pretty self-explanatory. Everybody likes owning new things. Sure, it might cost a little more, but you get the benefit of feeling cool, having a nice thing that works really well, and reaping the benefits of consumerism.

For those who just aren’t into those things, at least enough to warrant spending thousands of dollars more than necessary to get a nice and reliable vehicle, used cars are always the way to go. Some of the benefits of buying users are well known. We’ll cover most of them here.

1)    Newer Used Cars Are Better Than Ever. People like to complain about the quality of consumer vehicles, but the reality is that cars are getting better and better. The average car is safer, lasts longer with less maintenance, and gets much better gas mileage than a similar car would have gotten a couple of decades ago. If you go to J.D. Byrider, you could pick any car on the lot and find a vehicle that won’t break down anytime soon. If you’re old enough, you’ll remember ten or fifteen years ago when car trouble was frequent for just about everybody. You might go to a party and learn that your friend didn’t make it because they broke down on the way. This doesn’t happen nearly as often anymore.

2)    Used Cars Depreciate Less Quickly. If you want to buy a car that holds a lot of it’s value, buying used is the way to go. Cars lose value most quickly when they are new. People will pay much more for a brand new, never-driven car than they would for the same car even three months after it was first purchased. Some of these reasons are practical, others are psychological, but the outcome is the same: used cars lose value, but not as fast as brand new ones.

3)    Used Cars Cost Less. This will be obvious to anyone paying attention, but used cars cost less than new ones. They’re cheaper to insure and they’re cheaper to purchase. They can cost more to maintain and repair but, as described in point one, used cars of more recent vintage have higher standards of design than those manufactured ten years ago. They’ll continue to perform well, often without expensive repairs, even though they are no longer brand new.

4)    They May Get Fewer Tickets. Some studies indicate that people who drive new cars get more tickets. We won’t get into the weeds of the implications of this. Maybe new car drivers just drive faster. Maybe people in new cars seem like easier targets to corporals on patrol. Whatever the case, a used car might make you slightly less conspicuous on the road, which is never a bad thing where traffic violations and ticketing are concerned.

 

Used cars are the way to go for people who want to save money. If you do the leg work necessary to find the right vehicle at the right price, there is pretty much no downside to buying used instead of new.

Mutual Fund Calculators

Technological advancements have turned the common into man an investment guru. The internet provides several resources that are useful to people interested in investing real money. It has become such a wealth of information. There are even tips and strategies on how to win the best online casino games at sites like casino aus. And some of the advice actually works.

Online calculators are the newest trend in the industry. There are calculators for everything. Some of these programs or Bots are for sale while others come free. Now there are mutual fund calculators. One would think the point of investing in a mutual fund is so that you leave the number crunching to the pro’s. But in this day and age where everyone is so greedy monitoring your mutual fund is not such a bad idea.

Difference Between A Free Mutual Funds Calculator And Premium Versions

The differences are too many to mention. But as any other industry, products from companies are different. The war for supremacy online means that developers of these systems will try to give you as much functionality as possible in the free version. However, they always make it a point to limit the instruments that actually make you money to the premium version.

It is essential that if you want to use a mutual fund calculator you invest in the premium version. That is what the professionals are using and if you are wise you will do the same. It is important for you to choose the best bot for your investment. Different bots are designed to operate differently. Find the ones optimized for your investment.

Finding the perfect product online is very difficult. This is because of the large number of con-artist on the web. These are individuals who operate sites strategically placed to swindle people of the hard earned money. A great way to find the best sites to spend your money iss to check for peer reviewed sites. These give a decent indication of what people think about the service from a company. Typing scam in front of the name of the product you want to buy will also reveal a lot about the product.

How to Go About Finding a Good Lawyer

When faced with a legal situation it’s generally preferable to have a lawyer on your side. But hiring one can be expensive and that fact sometimes shies people away from the concept. This is especially true when it’s unclear how to choose a good one. Here are some things to consider about finding a good lawyer, as well as why you should.

Do keep in mind that not hiring a lawyer can actually end up costing you more in the long run. The law is extremely complicated. The average person does not have the resources to represent themselves and function at the same level as a professional. In addition to keeping track of things like evidence and witnesses, lawyers are also knowledgeable about how and when to file paperwork. If the other party in the case has a lawyer, then you need one too.

How to Find a Lawyer

To find a family lawyer in Sydney, the first two places to check are the internet and your trusted associates. Getting personal referrals to lawyers can be incredibly helpful since you’ll hear honest assessments from people who have been through similar circumstances. Of course, that’s not always an option, but with all the review sites out there these days it’s generally easy enough to find the same type of information online.

Once you find a few lawyers that look good on paper and have good reviews from real customers, then it’s time to start making appointments and interview the potentials. Meeting with a lawyer in person can give you a lot of insight into their personality and how they work. The goal is not necessarily to find a lawyer that will be your best friend, but rather to find one that you trust and have confidence in.

What to Consider in a Lawyer

There are a variety of questions to consider asking during a meeting with a lawyer. These might include details about the types of law they’re familiar with, and their track record for wins. You might ask how long they’ve been in practice, and how often they like to communicate with their clients. Always inquire about fees and costs might come up along the way.

After meeting with a lawyer that you like consider a background check. This can be a great way to quell any fears that you might have about the process. There are directories online that will show whether a lawyer is in good standing with the bar or how they’ve performed ethically in the past. You always want to feel good about your choice so it’s not a process that should be rushed if at all possible.

Finding a good lawyer can seem like a daunting task but it’s well worth it. Many lawyers are incredibly knowledgeable and experienced so there’s nothing that they haven’t seen before. It can be stressful and feel vulnerable to hire a stranger for something so personal as a legal matter, but their guidance will ultimately help make the experience run more smoothly.

5 Things to Know About Refinancing a Reverse Mortgage

Reverse mortgages, it’s hard not to hear about them these days.  After all, millions of Americans are nearing retirement age and the for many, their most valuable asset is their home.  As such, it makes sense that today’s seniors would want to look at options to tap into the equity they have built up in their home’s over the years.  Even if you already have a reverse mortgage, did you know it’s even possible to refinance in the future? That’s right, and here are five things to know about refinancing a reverse mortgage.

  • Reasons to Refinance

One of the biggest reasons would be time.  If your reverse mortgage is more than 10-years-old, then you might be time to freshen up the agreement.  For example, while interest rates were low 10 years ago, they are even lower today and if the Fed keeps raising rates, then this year might be the last year of ultra-low rates.  As such, there is no better time than now to take advantage of low rates before they end.

In addition, the housing market in your area might be on the upswing.  This means that your home might be worth more today than when you originally signed your reverse mortgage.   Or maybe your spouse was under the age of 62 at the time you closed your reserve mortgage.  If this is the case, then a refinance is a good way to get a spouse’s name on the loan as well.

  • How Will I Benefit

As most reverse mortgages are insured by the Federal Housing Administration (FHA), then one thing you will need to undergo before closing your loan is counseling.  While this counseling is not always free, it will help to walk you through every aspect of your reverse mortgage to make sure it is in your best interests.

In addition, you will have to pay additional closing costs if you decide to refinance your reverse mortgage.  As such, you want to look at the costs and see if the benefits will work in your favor.  Also, keep in mind that your homeowner’s insurance premium might increase as the value of your home will have probably increased in value since your first mortgage.

  • The Application Process

Like every mortgage, the process begins with an application.  The difference is that this application will be for a new reverse mortgage.  As mentioned, this will also mean that you will need to schedule a new counseling session to review the terms of your mortgage.

While this is an added step, it is also a safety net to make sure that your refinanced reverse mortgage makes sense for you.  This is a good move as there are no shortage of people looking to take advantage of seniors.  If anything, it just gives you some extra time to think through the decision.

Once your counseling session is complete, you will receive an approval notice and then you can schedule your closing.  As this is a refinance, one part of the closing will be to pay off the balance due on your original reverse mortgage.

Depending on the terms of your new reverse mortgage, you will either receive a check for the additional cash from the new reverse mortgage; or the new amount available will be set aside in a checking account which you can use later.

  • Closing Costs

While more and more lenders are offering low or no-cost reverse mortgages, most will require you to pay closing costs.  This will include the appropriate searches, origination fees, legal fees, and even counseling costs.

As such, you need to ask your lender what the costs will be.  This way you can make sure there are no last-minute surprises.  If there are, then don’t be afraid to walk away from the closing table, or you can use your three-day right of rescission to void the mortgage if you change your mind.

  • Can Heirs Refinance

Unless your heirs are over the age of 62 and are listed on the mortgage note, then they cannot refinance the reverse mortgage.  Remember, these loans become due when the borrowers no longer live in the house.  So, the only way an ‘heir’ can refinance a reverse mortgage is if they are named on the loan in the first place.  Barring that, your heirs will need to pay off the loan if they seek to keep the property in the family.

How to Afford a Luxury Car Without Breaking the Bank

It is something that any car enthusiast has dreamed done: stopped and stared at a luxury car and wished they could trade in their current commuter car for a more plush model. Your standard 1.4 litre engine may get you to work fine, but the thrill of driving a high-end car would make your commute that bit more bearable.

The good news is, that affording a luxury car may not be as out of reach as you think. If you are smart, do your research and know where to look, you could upgrade to something a little more luxurious. Here are some ways to get a luxury car without breaking the bank.

Buy Used, Not New

When you think of buying a luxury car, you may picture a highly-waxed vehicle inside a shiny, glass-fronted dealership. However, buying a new car directly from the dealership carries a large price tag, something that many simply cannot afford. Instead of purchasing new from the factory, consider buying a used luxury car. Purchasing second-hand from the likes of RRG Group Ltd means you can still get a bigger engine, heated leather seats and all of the mod cons, but for a fraction of the original price. You also avoid the car depreciating up to 34.6% during its first year on the road.

Make Money From Your Car

When looking a buy a luxury car, you think of the horse power or comfy leather seats, but also think about how your car can work for you. If you are on a budget or looking to minimise financial impact, there are ways you can make money from your car. This includes: listing on a car share website and charging passengers to share your daily commute; branding your car with company advertisements, offering taxi or transport services, or even renting out during the day while you are in the office.

Affordable Payments

If used is not for you, then consider all of the finance options. There are loads of ways to pay for your car in monthly instalments, spreading the cost and making a luxury car more affordable. This includes a personal loan, hire purchase (HP), a personal contract plan (PCP), or even leasing options. In addition, if your car is to be shared between yourself and your spouse, or perhaps another family member, you could consider splitting the purchase price and running costs, meaning you both get a luxury car for a fraction of the cost.

Buying a luxury car does not have to break the bank. By choosing used, making money from your vehicle, or signing up to an affordable payment plan, you can own your dream car without breaking the bank.

There are Many Costs and Expenses of Car Ownership

The Cost of Car Ownership

For many people, especially in the south, owning a car is not a choice. It is essential to being able to get around and do what you need to do. However, owning a car is a major expense. While you may not think about it, there are many things that go into owning a vehicle. This includes the upfront costs to buy the vehicle, fuel, maintenance, taxes, fees and interest. These costs can vary greatly across the south.

Variances in Costs

To begin with, tax rates vary from location to location. When you buy a vehicle, you have to pay tax on your purchase. This can raise the overall cost of your vehicle by thousands of dollars, making your upfront cost quite high if you live in a state with a high tax rate.

Other costs that can vary greatly from location to location are those for registering your vehicle and getting the title. Generally, these are paid in the county in which you live. Some counties may charge more for the services than others. It may also depend on which city you live in. These costs can be quite low, like under $20, or they can be on the more expensive side.

A major area where costs vary from location to location is fuel. Everyone knows gas prices go up and down. One city may have low prices, while another is much higher. Then there is the variance between gasoline and diesel fuel. If you own a diesel vehicle, expect to pay more.

Your location may also impact the costs for maintenance and repairs. Some areas may have higher rates than others due to things like demand and competition. If you own a vehicle, though, you will need to get maintenance done at some point, so this must be kept in mind.

The last cost that can affect your cost of owning a car is insurance. Insurance isn’t as dependent on location, although location will affect your prices. It is more reliant upon your personal details, such as your driving record, credit rating, age, type of vehicle and number of drivers. You have some options when it comes to local insurance to help make this more affordable. However, some areas just naturally have higher rates than others, so it is something to think about.

Costs by State

There is not one southern state where owning a car is super cheap. There are always tradeoffs when it comes to costs. For example, North Carolina has some of the lowest prices for gas, insurance and registration, but the state has high repair costs. The same is true of Virginia. On the other side of things, there is Georgia where gas is still rather cheap, but you will pay out quite a bit for repairs and insurance.

Then there is West Virginia, which has low registration fees, but everything else is rather costly, like gas and insurance. Compare this with Mississippi, a state that is lower than average on every car related cost. Mississippi may be the ideal southern state for car ownership.

When it comes to owning a car in the south, you have a lot of costs to consider. Depending on where you live, you may need to shop more smartly for a car to get a better deal or you may need to be careful about getting an insurance policy so you aren’t paying too much.

Should Your Business Consider Bespoke Portfolio Management?

As your business begins to take off, it’s wise to consider how your business will consolidate its wealth and its portfolio of assets. If you’re a budding entrepreneur, or someone with limited business experience, then it may be that you’re not the best person to make this call. Instead, it may be best to specifically employ someone who has experience in bespoke portfolio management. Here, we run down some of the positives of this approach.

What is Portfolio Management?

Before you decide whether portfolio management is right for you, you’ll need to know what it involves. Portfolio management involves making complex decisions on investment mix and policy.

A portfolio manager will aim to match your investments to your objectives and will allocate assets to individuals and institutions, balancing risk against performance.

As such, portfolio management is about determining what the strengths and weaknesses of your company and its assets are. From here, opportunities and threats can be determined and the attempt to maximise return against the appetite of risk can be assessed with the company owner.

Once all of this has been established, a strategy can be brought together. This will weigh up the choice of debt vs equity, domestic vs international growth targets and growth vs safety, among other trade-offs.

According to IBIS World research, there are over 18,000 wealth management businesses in the US alone, generating over $233bn alone. This means you should have plenty of options and points for consideration.

What are the Benefits?

If you’re thinking about a bespoke portfolio management service, then there are a number of benefits worth considering that could be advantageous to your business.

  • Dedicated management: If you opt for a professional discretionary service like the one offered by WH Ireland, then you’ll receive an Investment Manager for your business. By working with one individual, you’ll get someone who takes the time to understand your business and its investment priorities.
  • Delegation: Ever feel like your head is spinning with important decisions? Well an Investment Manager can help alleviate some of the pressure. The markets are incredibly fast moving and your Investment Manager can relieve you of this stress, implementing your strategy on your behalf.
  • You Won’t Be Cut Out: However, the independence of your Investment Manager won’t mean you’re entirely cut out of the decision-making process. You should receive regular reports on what’s happening. If you choose a reputable wealth management company, these reports should take place however you like, too. Such as face to face or online.
  • Diversity: Through portfolio management, you’re able to diversify your assets, incomings and growth. You can use these alongside ISAs, personal pensions, trusts or even offshore bonds. These can all be managed as part of wider wealth planning.

If you’re looking to delegate some day to day decision making, then investment management could be great for your business.