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“Upside down” is only fun for kids.
Adults know too well it’s all about owing more money on a large asset than it’s worth. More, they are responsible for that debt. Many homeowners were upside down in their home loans from 2008 to 2012.
Some don’t realize that a car buyer, particularly a new car buyer, can spend several months to two years upside down in their car loan. You may ask: what’s the big deal about owing more than the car’s worth if you’re going to keep the car for several years? Problems arise when the car gets stolen or crashed. More serious problems arise when buyers realize they bought too much car and can’t afford it anymore. Unexpected medical expenses, job changes, new babies and even floods and fires have a way of tightening budgets very quickly. Sell the car, and you end up paying the bank an additional $1,000 – $5,000 to fulfill loan requirements.
Car buyers who are smart with their finances take a long-term view. Just a few adjustments to the car-buying plan ensures you won’t go upside down on your car loan.
Buy Used and Make a Good Deal
It’s common knowledge that a brand new car loses 11% of its value the minute the car buyer drives it off the lot. After one year, this new car loses 20% of its value and by five years, many cars have lost half their value. These average numbers don’t reflect the wide variety of car depreciation rates. Depreciation rates are faster for unpopular cars, slow for the popular models. But who knows what will be popular in 5 years?
The bottom line is to let the original owner to pay the first few years’ depreciation costs (one of the highest costs of vehicle ownership). Buy a car that holds its value. Financial planning and organization website Bankrate.com lists the makes and models of autos that hold their value most tenaciously. For 2014, these are the Hyundai Accent, Mazda 3, Chevy Corvette, Toyota Avalon, Kia Soul and Chevy Camaro. Any of these tickle your fancy?
The other advantage of buying a used car with a low depreciation rate is that you’re less likely to have a hangover loan amount into a new loan when you buy a new car.
Put Down a 20% Down Payment
This move will take care of the annoying taxes and fees outright. Paying interest on these taxes bumps these abstract fees even higher. Since car buyers get nothing for these charges, it’s best to dismiss them ASAP. Also, putting down 20% jumps you ahead of depreciation so that you leave the lot with a vehicle worth as much as or more than your loan. Also, manufacturers’ cash-back rebates can go right to that 20% down.
Consider A Loan Term That Is No Longer Than How Long You Plan To Keep The Car.
Some people are in the habit of buying a new car every two years. Others have just as much pride driving a 20-year-old “beater.” While, typically, car loan terms extend to just 5 years, recently, six and even 10-year loans have come into the market. If it’s your nature to keep a car until it dies, a 10-year loan makes sense. If you’re family is changing either by adding or removing members (kids born; kids off to college), you may be trading up or down when those events occur.
Get the Best Interest Rate You Qualify For
Online, and other alternative banks can offer lower auto loan rates because they labor under a fraction of the marketing and operating costs that saddle the large, bricks and mortar banks. More, online banks typically don’t have shareholders demanding higher profits every year. While the difference in the loan rate may be one-half of one percent, these charges add up to thousands of dollars saved over five years.
ALWAYS Comparison Shop to Get the Lowest Price for the Model You Want
Aside from homes (and maybe shoes?), cars evoke more emotion than most other large purchases. Cars reflect our identities. They are accessories we live with from two to 20 years. If you’ve found the perfect pumpkin-spice-colored Kia Soul, rest assured there will be another one across town or in another month. Go into the car dealership with your emotions fully under control. This experience must be ruled by the mind, rather than the heart. Remembering that you’re not just saving another $2,000, but $2,000 plus six to nine percent yearly interest keeps you sober and PICKY.
First Financial Provides Auto Loans, Bad Credit, Good Credit and More!
First Financial has been in business long enough to recognize the subtleties in each borrower’s financial situation. We also know that more than 50% of Americans fall into the subprime category. Their credit ratings range from “fair” to “poor” to “bad.” Our lending partners accept auto loan applications and approve these borrowers every day. Apply for an auto loan here today! Follow us
According to reports by the Federal Reserve Bank of New York, 107 million Americans have auto loan debts. This data shows more Americans have car loans than mortgages.
Borrowers able to get auto financing at reasonable rates access larger and amounts than before. This sounds appealing to individuals with a solid credit history, but what if you are just starting off in the world of credit and have no history at all? The good news is that even with poor credit you can still get car financing by opting for a No Credit Auto Loan with First Financial.
But how can this happen? Read on to find out.
First, you need to understand the meaning of a No Credit Auto Loan. As the name suggests, this is a car loan extended to an individual with either no credit history, poor credit or limited history. Therefore, you can get an auto loan even without having a credit history, or with a bad credit history.
Below are the reasons why you need to take a No Credit Auto Loan with First Financial.
Can you get a car loan with bad credit? This is a question asked by many people and you might be surprised to find out that of nearly 50% of American borrowers have a tarnished or limited credit history.
In other words, their credit scores lie in the subprime category, which means they have limited options for accessing loans. This category of people will find First Financial their best option since they can place their application regardless of their situation, whether its bankruptcy, poor credit, or no credit.
If you want to make a major purchase like a car or a truck and your credit history is not appealing, then this is the best website to turn to. You will be able to access the loan in the convenience of your laptop at the lowest possible rates you can ever imagine. The process is easy and confidential and you are sure to get a quick email response to update you on the progress of your application
First Financial is an online lender which means it is accessible 24/7 anytime, anywhere. Some of the conveniences you are certain to enjoy:
First Financial believes that obtaining a No Credit Auto Loan should be hassle-free because this is a long-term financial decision you are making. You should not be under duress by auto-dealers whose main concern is the interest they get for every client they bring on board.
Working on your car loan from home will give you the freedom to check on different prices and options available so that you are sure to make an informed decision.
The requirements of getting an auto loan without credit on this website are so easy you may think it’s too good to be true. While the requirements are stringent enough to avoid liability to the borrower, they are also “loose” to ensure that most of the applicants get approved. The following are the only qualifications for auto financing:
Even if you have been declared bankrupt, you have a reason to smile because First Financial will sort you out. Such financial hurdles will no longer deter you from obtaining a loan for your vehicle or truck.
Members of the armed forces both on active duty or retired and struggling with bad credit may wonder how they may qualify for a car loan. First Financial has tailored made auto financing programs that helps them to obtain auto loans in spite of their poor credit scores.
First Financial understand the difficulties encountered by these military men and women in their effort to maintain safety and that is why they have specialized programs dedicated to them. Military auto loans are different from normal civilian loans because they are often offered on lower interest rates, require lower down payments and come with special discounts.
The rate of approval is high mainly because of the stability of their income. Military workers should not put off buying a car because of the demand of their duties but should embrace this enticing opportunity
As mentioned earlier, First Financial is an online provider of bad credit car loan that partners with hundreds of authorized and licensed car dealers. This site will allow you to shop for dealers while comparing prices and interest rates.
To crown it all, you will be able to get several preapprovals using only one application. So don’t allow yourself to be limited by the car dealers or the financial institutions in your area, browse through our website for an array of choices.
It may seem daunting at first but it is not impossible. A few tips will help you navigate the murky waters of credit even with no credit history to back you up.
Engaging a co-signer with an excellent credit history in your auto loan will increase your chances of approval. Also, a reasonable down payment will show the potential buyer that you are serious about buying a car despite your bad credit history and may serve to reduce the total cost of your loan. Finally, shop around to explore the options available in the market and compare various interest rates and the payment plans that suit your budget.
Remember, First Financial will offer you the best financial support irrespective of your credit history. Apply for your No Credit Auto Loan today in less than three minutes.
Want to hear something scary? “The big mistakes are made in the financing office,” explains Phil Reed, senior consumer advice editor at Edmunds.com, the auto research website. “Making the right decisions can save thousands over the life of the loan.”
A car is a big purchase with a lot of moving parts. Dealers makes their profits between the gaps in buyer’s knowledge and they may try to confuse by unleashing lots of terms like “negative equity” and “origination fees.” Use these recommendations from experts to save thousands over the life of your car loan.
Don’t let the dealer define your credit score or credit “worthiness.”
Walk into the showroom with your credit report snugly in your back pocket. Otherwise, you run the risk that the salesperson leaves your negotiation only to come back with bad news about your credit. And of course that score isn’t high enough to get you the best rates. Who knows if he or she was checking your scores or playing a quick game of hacky sack? Dealers know that most consumers do not check their credit before being lured in by deals. Don’t make yourself vulnerable to this unethical treatment.
We discuss how to find your credit score easily in our previous blog post on rebuilding your credit (LINK). Just go to Annualcreditreport.com, fill out a few fields and your report arrives in you inbox instantly. Trust these results from the only free site authorized by the U.S. government’s Federal Trade Commission. Typically, anyone with a credit score of 720 or higher gets the lowest interest rates as they’ve demonstrated the most responsible money management. Still high 600s to low 700s is considered a “good” score. Those with lower scores can still get loans, but they will pay more in interest and fees.
Another way to check your credit is to get pre-approved from an outside lender like your bank or by applying for an online auto loan. If you can manage to shave just 1 percent from your car loan, you’ll pay hundreds less over the next five or six years.
Sure, the cash rebate feels enticing. And it might be the right choice if you use it to pay off other, higher interest loans like cash advances or credit cards. Basically, you need to decide if you want a lump sum up front or lower monthly payments over the next five or six years. Of course, not every car buyer is offered low-interest car financing, only those with the best credit scores. Again, know your score before you go to the dealership.
Some like to get new cars every two years. Often, they walk into the dealership with their auto loan “upside down.” That means they still owe more on the car than it’s worth. While those loving shiny new cars can get their next ride even if their loan is upside down, they’re putting themselves on a downward financial spiral.
Dealers don’t care what financial shape the car buyer puts themselves in. They will just add the negative equity–what you owe–into the purchase price of the new car. Chances are, this frequent buyer will just roll even more negative equity into the next new car, too.
Rather than enter this vicious cycle, consider buying a used car. A car loses much of its value in the first two years off the lot. And today, most cars are built to last 250,000 miles. Consider keeping the car longer and buying used to get the most for your car budget.
Just as movie theaters make most of their money on the popcorn, 37% of auto dealer’s profits come through aftermarket add-ons. These add-ons include extended warranties, fabric protection and paint sealant and they are always less expensive from vendors other than the dealer. These costs feel like a no brainer when amortized over the life of the loan. The salesperson is quick to tell you that they add just a few dollars to every payment. Still, even $20 more over 60 payments is an additional $1200–real money.
With the deal wrapping up, a buyer’s guard is down. Salespeople know this well. The deal takes so long for a reason. It’s at the end that a salesperson may bring up unusual fees that may have official sounding names. Review all of the legitimate fees here and don’t hesitate to push the salesperson to drop anything that sounds suspicious.
Better Business Bureau A+ rated First Financial has helped arrange over 1,000,000 auto loans, some with approved amounts of up to $45,000. We have loans for borrowers with all credit scores, even fair poor and bad credit. Take three minutes to apply here for a new or used car loan and get your answer fast!
Even though people love their plastic debit card, cash still serves in many situations. For years, groups have lobbied for the end to the penny and even the nickel. The American people won’t have it. Cash is convenient. It makes discounts possible. Many times, it even makes sense to get a cash advance.
With Craigslist, Close5 and more consumer to consumer marketplaces gaining in popularity, sellers tend to want cash. Considered, the most convenient mode of payment, they also unlock discounts. Stores that don’t take credit cards (yes there are some!) can put you through the wringer if you’re trying to write a check. Handing over cash just makes everyone happy.
Sometimes, too, vendors have a credit price and a cash price, with the cash price coming in 10 to 15% lower than credit or debit. We’ve run into this at small, independent auto and computer repair shops, as well as thrift, pawn, and antique stores. Many pet breeders also insist on getting cash.
If you’re able to pay off the cash advance within the month time frame, using a cash advance to get what you need makes sense.
When an individual or company is selling something that many want, a buyer can stand out from competition by offering cash. Industries that respond well to cash offers typically include real estate, automotive, antique and jewelry.
Having cash on-hand can be smart when you’re going to shop at thrift shops, swap meets, antique stores and more. Be it from being able to have discounts off your favorite goods to grabbing an opportunity that otherwise unattainable.
It can be tough to lend money to family member or friend because you run the risk of not getting it back. Your borrower, particularly when struggling, may quickly put you at the bottom of the repayment list. This leads to resentment and a loss of trust.
One way to offload the responsibility is to use a cash advance and make it clear what the interest rate is and your debt to the lender. This can add the pressure to your borrower to make sure that he pays the money that he owes. This way you would be quite sure that he is certainly going to pay you back.
A very good example of this would be a typical home scenario wherein the son, employed but without a credit card, goes to you as his parent for help buying something he cannot afford in his monthly salary. To teach him a lesson about paying on time and paying regularly until such time that the debt is fully paid, make sure he understands that you will have to pay the debt soon. Even 20-year-olds need financial lessons.
When considering a cash advance, don’t forget that online lenders have the automation and reduced overhead to offer the best loans and terms. First Financial is the national leader in providing cash advances for borrowers of all types, even bad credit borrowers. The Better Business Bureau rates First Financial A+ because we make customer service our highest priority.
Web designers with a niche can command higher fees.
While the growing demand for web design is something to celebrate, it also brings new designers to the market, making competition fierce. The freelance web designer needs to be an able marketer, coder and creative artist to earn a living.
Conquer the marketing aspect of running your own web design company by reading these tried-and-true tactics.
Today, the business website is critical not only to bring in new customers, but to establish credibility.
Capturing the true size of the market only starts with every business having a mobile-friendly website. Anymore, businesses are putting up separate websites for events they put on, books they write and communities they establish. Further, every entrepreneur starts one business only to spin off two or three others. As we discussed in our post, Web Design Outlook for 2016 and Beyond, demand for the average American job will increase by 7% until the year 2024, but the American economy will call for 27% more web developers and designers.
Long story short: there’s enough business to go around. Designers with niches (restaurants, finance, healthcare, retail, etc.) can begin to build deep expertise. They learn characteristics not only of their clients, but their client’s target audiences and referral partners. Further, they learn the legal limitations and opportunities for everything they can say on the website. When a web designer can convince a prospect they learned from the successes and failures of past attempts, they gain credibility . . . and more money. Most businesses would prefer to pay a little more to get the job done right the first time.
Everybody knows how to network through their Chambers of Commerce where they meet people in all industries. Finding niche networks helps the web designer hear all of the participants’ pain points, complaints, opportunities and successes. This information eventually becomes very valuable, as the informed web designer can explain the prospect’s issues before he or she even has a chance. Networking events also gives you opportunity to meet new talented people, create connections with them and eventually find potential customers.
Putting on a presentation or attending a meet-up in your niche also gives you the opportunity to connect on a personal, face-to-face basis. Even volunteering your skills for an organization showcases your talents to your selected niche.
This is the best way to show off all your skills and experience on web designing. This lures customers and make them interested in your capabilities. You can attached this to your own website or any owned social media accounts.
You can go general in your portfolio. Do not just limit your portfolio to skills and experience related to web designing. You can go general and make people see your other talents. They might serve as an additional asset so keep your portfolio versatile.
You can collaborate with field related businesses like web hosting companies or web developers. In this way, you are actually operationally putting your skills to the test. You can also offer more to your clients with the additional features and services from your partner companies, an advantage in keeping up over other competing web designers.
If you want to make your customers happy, you need to make them feel that you genuinely care for them and can provide them quality service and output with personal intentions even after you are done making your work and have been already paid. There are customers that need to be wooed and need to be given nice gestures, compliments to win them. Gifts and like chocolates and cupcakes, as well as holiday greetings or anything that reflect you as devoted and friendly can win them over. This also includes your way of advertising your service. Try to be a bit provoking and trendy that can catch someone’s attention.
These are the 5 most helpful tips in marketing planning for web designers like you to be successful in the industry. Remember that you have to be versatile to new strategies and techniques so that you keep up with the new trends and demands. Attract customers, make them happy, and you will be successful. When you go to collect credit card payments, remember to apply at A+ Rated First Financial, where high-risk businesses like web designers get the best merchant accounts.
Some gun shop owners make six figures each year!
In fact, in 2013 American companies alone produced 11 million guns and sold all but 440,000 right here in the 50 states. Americans and U.S. companies imported an additional 5.5 million.
Gun ownership’s bright strand in the fabric of American identity promises a stable future for firearms and ammunitions companies.
The following are the three most related businesses you can actually start as being in the firearms and ammunitions industry:
Start Up Costs: $2,000 – $5,000
Typical Salary: $50, 000
Gun lovers with excellent shooting skills, patience and an affinity for social interaction can consider training others on the proper use of guns. The numbers of gun owners are only growing and these new clients need someone to help guide them in their new hobby. With many Americans now taking self-defense with firearms classes, demands for firearm training instructors have tripled in just the last few years. What a good way to start being paid for something you love!
Those interested in becoming firearm instructors need to explore state regulations. Having a Department of Justice certification will go far in credibility for your career. Some states only require a reasonable apprenticeship and passing of the Firearms Safety Test.
Once licensed, market yourself and your services is by networking at shooting ranges and gun clubs and seminars. You should have a full roster of clients in no time.
Start Up Costs: $1,000
Typical Salary: $60,000 (full-time)
Gun hobbyists who like to work with their hands and would enjoy exposure to many styles of firearms can put out a shingle as a gunsmith. Many take gunsmithing up as a “side hustle,” a way to supplement a regular income.
Anyone close to the gun community knows that people treat their weapons gingerly and almost with beloved-pet-level care. In other words, gun owners spend on their guns!
While a hobbyist can begin charging at any time, having some training establishes credibility. Still, getting a credential from the American Gunsmithing Institute will add to your skills. Similarly, the Modern Gun School in Wilmington, Delaware has trained thousands of gunsmiths already. Still, many schools exist around the country, many of which have courses you can take online.
As you start your business, keep in mind that many gunsmiths fail because they don’t charge enough to cover expenses. Tally up your operating costs before beginning, and create prices that ensure a profit.
Also, just like other business, you need to market your service. Having a table at a gun show, networking at firearms conferences and getting to know your local gun clubs and shooting ranges all help you get your name into the community. Stimulate word-of-mouth marketing by asking your clients for testimonials, preferably posted on Google or Yelp.
Start-Up Costs: $10, 000 – $50, 000
Typical Income: $10,000 to $1,000,000
If you have the money and some business experience or savvy, opening a gun shop is the best way on getting paid for working in the firearms and ammunition industry. Starting a gun shop can costly and time consuming, however. Your first year show a loss of income rather than a profit. It doesn’t start with finding your location. There are many arrangements to make before ordering your first case of shells.
Get ready to:
Firearms trainers can earn $50,000 per year.
Americans cling fiercely to their guns. With the surge of terrorism both domestic and international, most want effective ways to protect their families. The firearm and ammunition industry will continue to grow over the coming decade. Your full-time or side gun business can be both enjoyable and profitable! When you go to accept credit cards, don’t forget that First Financial is the national leader in providing merchant accounts for businesses in high-risk industries like firearms and ammunition.
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