How to Spot the Best Car Loan

How to Spot the Best Car Loan

Do you want to get a car loan instead of forking out a large sum of money upfront for a car? Well did you know that some loans are better than others? When looking for car finance you should be aware of what to look for and try and opt for the Best to suit your needs.

What is a car loan?

That is basically a loan for the purpose of purchasing a car. You can usually go through a car dealership that works in partnership with reputable car financing companies who can provide the quote, help you with the application and finalise the loan, – all in one simple visit.

A quick snapshot

  • Look at the interest rate and compare with others
  • Look at the monthly repayments
  • Enquire about up front charges
  • Find out how much you will pay overall on the loan

The Best Car Loan will usually have a competitive rate of interest; the company will offer you sound advice on the amount of money you should opt to borrow. The company will ensure you understand the process and your obligations fully. They will help you with a realistic payment plan and ensure you have the means to pay it back before offering you the loan.

A quick snapshot

  • Reasonable interest rates
  • Realistic monthly repayments
  • Helpful unbiased loan advisers
  • Realistic payment plan

What if you have bad credit?

If you have bad credit, it is not advisable to try and apply for a that loan. There will be very few lenders, if any, who will offer a loan for a new car to people who have had credit issues in the past.

What you need to get car finance?

  • Good credit
  • Full UK driver’s license
  • Deposit
  • Three to six months bank statements
  • Three to six months wages
Read More
The Challenges of Being an Individual Investor in Turbulent Times

The Challenges of Being an Individual Investor in Turbulent Times

Other than the depression generation, I really don’t think there has been a more difficult time for individual investors than right now. In fact, even in my lifetime I’ve seen investing go from a “relatively” safe and predictable venture (good markets in the U.S. will often bring reasonable returns) to a market that can be very unpredictable and unsettling for the average investor. No longer is what markets do in the U.S. a good predictor for what markets will do elsewhere. We are now a nation of investors that must keep our eye on the international scene to truly understand where markets are going. Even with this knowledge, we can be deceived sometimes into thinking we have a handle on things, only to be kicked square in the seat by the unpredictability of it all. Case in point; the recent Euro zone loan to Spain to shore up its teetering economy. If you’ll recall, the market responded very positively to this action the day after, for awhile, and then gradually began to drift south. The Dow ended down by over 140 points that day. You ask, “What’s that all about?” So do I. I might add that the market was up the very next day, according to some reports, because of anticipated stimulus action. Who can figure, right, but this is the environment in which we strive to be successful investors today.

The complexity and mystery that comes to the market with international play is but one variable that faces today’s investor. There are a lot of other variables that didn’t seem to loom nearly so large in times past.

Joe Investor has to be asking himself these days if he is being dealt a straight hand. In other words, is the average investor really playing a game that’s fair …

Read More
The Case For the Self-Directed IRA

The Case For the Self-Directed IRA

Emily is a professional woman with an active business and is a very busy person. So busy in fact, she depends on her financial advisor to invest her hard-earned retirement savings with the hopes of compound wealth with safe, secure investments. Emily is lucky. So far, he hasn’t lost a dime through his financial advisors.

However, not everyone is so lucky. On February 21, New Jersey’s Courier Post, published a front page story about a recently-deceased financial planner, who had clients that are now missing money. The amount is currently at $5 million, and growing. Where did the money go? So far, there are about 20 clients involved and that number continues to expand. All of them, like us, could not afford to lose the money.

A pillar of society, this advisor put many of these people in Certificates of Deposit (CD) that were fraudulent. How do I know this? My mother was one of those people. It has now turned into a class action suit and a potential criminal investigation. Certainly, the claimants will not be receiving 100% return on principal. Additionally, it has cost them even more money to retain attorneys.

I tell this story because all of us have the potential for a parent, child, friend, or others we know to fall prey to bad people. This is not to say every financial planner is bad, actually the majority are good.

Would these people involved in the lawsuit have been better off investing their retirement plans themselves?

Though Emily has had success, she is allowing other people to vote on her money. With a self-directed IRA or Individual (k), people have the ability to “drive their own bus” to wealth. Yes, this takes work. Perhaps the perception is that since we as customers are not experts in …

Read More
APR Loan in Plain English

APR Loan in Plain English

If it’s your first time applying for a loan then you’ll surely encounter terminologies that you’ll need to understand. One such term that you will always come across is the annual percentage rate or APR loan.

APR will give you an idea of how much your monthly payment would be by giving you an approximation of your annual interest rate. This is especially true for loan providers, credit card companies and banks. However, all things being equal, don’t be blinded by the APR Loan rate alone as you might be charged with processing fees, insurances and other applicable fees as deemed appropriate in your transaction.

Also, make sure that you understand how much your nominal APR is and if compounding, APR loan fees will be applied. For the purpose of clarity, nominal APR is the simple interest rate per year. If you are charged A1 per month per A100 loaned, assume that your annual nominal APR is A112. For compounding interest rate, say the same APR rate is applied, you’ll pay A101 on the first month, and A102.01 on the second month, and so on.

Looking at the information above, it’s important that you ask your loan provider and have everything explained to you before you become firm in your decision for going ahead with and processing your loan. As always, try to compare by using an APR loan calculator online so that you’ll see if there are other providers around that may give you a better loan rate.

These calculations are part of the bigger consumer protection process which needs to be carried out whenever someone applies for a loan. The Truth in Lending Act requires all lenders to disclose the “real cost” of borrowing a certain amount to protect both parties from legal liabilities should a dispute arise.…

Read More
Accounting, Audit and Tax Compliance

Accounting, Audit and Tax Compliance

Thailand’s Accounting Act prescribes that all business entities in Thailand shall maintain books of accounts and supporting records in Thailand, and shall prepare annual financial statements in accordance with Thai Accounting Standards.

The Thai Accounting Act also stipulates that all business entities in Thailand will appoint an accountant, who is a Thai citizen who holds a Bachelor of Accounting degree, and will also appoint a Thai national auditor, who will audit the books and annual financial records and reports of the business entity in Thailand.

Thus, no matter what entity is chosen in Thailand, the entity in Thailand will employ Thai national accountants with appropriate qualifications, and besides, Thai national auditors with appropriate qualifications.

Annual reporting to regulatory authorities

All types of entities are required to submit two sets of audited financial statements and annual returns under the law to the Business Development Department under the Ministry of Trade.

The audited financial statements and annual returns must be submitted within five months from the end date of the entity’s financial year. In addition to the audited financial statements and annual returns according to the law, private limited company entities and ROH entities in Thailand are also required to hold an annual general meeting of shareholders (whose meetings will be held within four months of the end of the financial year date) and additionally will submit list of entity shareholders with the Department of Business Development at the date of the annual general meeting of shareholders.

Corporate income tax compliance

All types of entities are required to prepare and file annual corporate income tax returns with the Thai Department of Revenue within 5 months from the end date of the entity’s financial year. No extensions are permitted under the Thai Revenue Code, and an automatic additional fee (interest penalty) of 1.5% …

Read More