Car financing: what to look out for

Most drivers should already be familiar with it: the car loan. It is one of the installment loans and as such is repaid to the bank in constant monthly installments over a contractually agreed term.

Motor vehicle loans are designed purely for the purchase of a new or used car, a motorcycle, or a mobile home. The earmarking often promises lower interest rates than a conventional installment loan. You can check the rates online while discovering the games offered in kiss918.

The classic loan is usually the best choice

Anyone planning to buy a car as a long-term purchase tends to be well advised with a classic car loan. Whether it is more profitable to take out the loan from the dealer or the affiliated bank or from an independent institute depends on the possible discount for cash payments or the choice of the car model. Here, it is necessary to calculate exactly.

Installment loan without a purpose

In the current phase of low-interest rates, installment loans without a fixed purpose are attractive. The conditions are currently not usually much worse than with a car loan. For this, the borrower does not have to deposit his vehicle registration document with a bank.

Leasing as an alternative

Leasing is particularly worthwhile for drivers who always want to drive a reasonably up-to-date model. When the leasing contract expires, you can return the old car and receive a new one upon request – again via leasing.

Financing with the final installment

Financing with a final installment is a compromise between leasing and credit – especially for those who are undecided. This is especially true for three-way financing. Balloon financing, on the other hand, is only a real alternative to the classic car loan if the car buyer already knows that he can pay the final installment on his own.

Compare loan offers

Make a comparison with the help of the loan calculator before you sign a financing contract. Maybe you can find the cheapest loan for buying a new or used car – or even a motorcycle here. The tariff calculator offers special options for these options.

Understanding The 40-30-30 Method In Investment

If you want to invest your money effectively, the question often arises when is the right time to buy and sell and how much should be the best. After all, you don’t want to catch a bad time that costs a lot of money that may even lead you to finding a money solution. One way out can be the 40-30-30 method. We show what this investment strategy can do.

What is the 40-30-30 method?

This is about dividing the amount to be invested into three bites. So first we take 40 percent of the total and invest it. We are setting ourselves a goal up and down, in which we want to invest a further 30 percent. And we’ll do that again for the remaining 30 percent until our money is invested. This 40-30-30 method has the advantage that we don’t have to open a savings plan and invest our money faster, but we don’t run the risk of getting a really bad time to buy. This is how this investment strategy can theoretically look:

Example:

  • Investment of the first 40 percent at a price of 100
  • Invest the next 30 percent if the price is 105 or 95
  • Invest the last 30 percent when the price was 105 and dropped back to 100, or if it was 105 and now 110, or if the price was 95 and fell again to 90, or if it was 95 and now 100 has risen again.

The percentage increases or losses must be decided by each investor and then act accordingly. Basically, it’s about simply dividing the times in order not to fall into the time trap. With the 40-30-30 method, in the best case you give off some return to lower your risk (if the prices simply continue to rise and you get less shares for your money) or get more shares for your money because that Courses have dropped and you have taken your time to wait. Of course, it may be that in certain cases investors benefit more from a one-off investment. But in this case the risk of the right timing would be significantly higher. But how does this strategy behave if I want to sell my shares?

Sell ​​with the 40-30-30 method

Surprise: This is similar to buying one. If we want to sell stocks using the 40-30-30 method, we are now splitting the sales times over several times. Again, we want to ensure that we do not sell at a bad time and that we lose profit as a result.

That’s why we want to do the same with sales as when buying and first sell 40 percent of the position, another 30 percent when we reach the next target and then the last 30 percent again. Accordingly, a sales strategy could look like this:

Example:

  • Selling the first 40 percent at a rate of 120
  • Selling the next 30 percent at a rate of 115 or at a rate of 125
  • Selling the last 30 percent when the price was 125 and rose to 130 or 125 and fell to 120, or when the price was 115 and rose to 120, or when it was 115 and fell to 110

In this example, we assumed that the price rose. Of course, it can also happen that an investment simply stays in the red in spite of everything. Here, too, you should set goals for when to sell to limit losses.

With this method, it is important to pay attention to the costs. Since there are three buying and three selling times for the 40-30-30 method, there could be higher costs than for a one-time investment. This must be weighed up against the time risk before buying and selling.

The 40-30-30 method also requires discipline on the part of the investor and knowledge of when good times and when bad times are.

Investment Advisors Best Advice To Survive Financial Crisis

With the hard hit of the corona pandemic, almost all nations are feeling the financial crisis. Economically, they all have a hard implication: curbing the spread of viruses is associated with massive curbing social consumption. Social contact must be minimized to prevent virus transmission. This means events and meetings of all kinds are prohibited.

Artists, art institutions, large parts of the retail trade, and the manufacturing industry lose income. In some cases, this loss may even be irretrievable. A possible success in fighting pandemics is therefore bought with an economic crash. The faster and more thorough the medical success is supposed to be, the deeper the induced economic crash.

3 Steps to Survive THIS Market Crash

Investment advisors give their opinion on how one can best protect their assets when a financial crisis strikes. One issue that experts agree on is dispersion, regardless of asset size. In plain language, it means not only rich people should think about the next possible crisis early on.

“The small investor can perceive the diversification in the context of security account just as much as the wealthy investor by selecting investment funds of the respective asset classes,” explains Bielefeld financial expert Michael Göldner. That means equity, commodity, and real estate funds.

Thomas Gertler sees it a little differently. The financial adviser from Chemnitz advises against funds and instead recommends a mix of defensive and future-oriented stocks. See the Stocktrades picks the best dividend stocks here. Gertler cites the papers from Nestlé, Colgate-Palmolive, Alphabet, Apple, and Kuka as examples. “And to secure the equity deposit, the Stabilitas Pacific Gold + Metals P”. It is not surprising that Gertler recommends investing his assets in real estate, because “people always live”.

In addition, he believes that buying precious metals in physical form is worthwhile. “Gold and silver, no other commodities,” said the investment advisor. Some of the metals are to be stored in Germany, the other abroad for security reasons.

Thomas Gertler also gives additional tips. Since financial crises usually happen “overnight”, it makes sense to have enough cash available. As a rule of thumb, according to Gertler, 1,000 euros per person and food storage for four weeks.

Both financial experts – Göldner and Gertler – are also of the opinion that deposits with banks and insurance companies offer no protection against financial crises and are also only slightly lucrative. “The main problem is that investors are still sticking to monetary values, ie banking, home savings, and insurance products,” emphasizes Göldner in an interview with the Business Insider.

In contrast, successful investors’ investment portfolio is minimal and limits it to the “exception”. Conversely, bank advisers and insurance agents are “not at all interested in offering customers alternative products”.

How to Write A Simple Business Plan

A well-written business plan is important for every start-up business. Banks and other financial institutions (https://newhorizons.co.uk/loans-for-bad-credit/no-guarantor-loans/ ) will be requiring a complete business plan that thoroughly describes your line of business in the event you decide to take out a loan to augment capital. Or to meet the financial requirements of your business.

1. The purpose of your business

In the first chapter you can immediately grab attention. So try to describe your business goal in one clear sentence. With this you immediately give a good description of the purpose of your company. Why are you starting this company? For whom? What do you think you can achieve with that? The main purpose of this first point is simply: how do you arouse the reader’s interest? Short but sweet. That is the common thread throughout your entire business plan

Also know who you write for, banks or private investors usually don’t have a lot of time to read comprehensive business plans extensively. The more concrete your business plan, the greater the chance that it will ultimately be looked at carefully. Good to keep in mind: the ideal length is around twenty pages.

2. Find your client

In this section you describe the current situation of your future customers and / or clients in the region. What problems do they encounter? How are they dealing with this at the moment? Click on ‘Preview’ to see what this looks like in practice.

Example of a current situation. Of course, you must be able to substantiate these claims with the right facts, for example from Statistics Netherlands. Or take a look at Figures and Trends at Rabobank. Here you will find up-to-date information about, for example, the opportunities, threats, and perspectives about your industry.

3. Your added value

The title actually indicates it: here you tell about what your product or service adds to the customer. What will you do to offer these customers and / or clients a good alternative to the current situation? And is this financially feasible?

Keep a few things in mind here:

  • Make sure you describe these issues clearly.
  • Do not avoid potential obstacles.

Therefore always state briefly which problems you may encounter and how you expect to be able to circumvent or solve them.

4. How relevant is your company?

You use this part of the business plan to convince the reader that this is an excellent time to start the business. Support your story again with accurate data about the developments of the last years in your industry and region. Which developments make your company relevant now?

5. From market research to the marketing plan

No business plan is complete without the results of market research. As an entrepreneur, you have to know how your market works and you want to stay informed of the latest developments in the sector.

Added value of your product or service

Just like a potential investor, the customer will soon have to be convinced of the added value of your product or service. A marketing plan helps you gain more insight into your market, with which you can then sketch a clear profile of the target group via the marketing mix. Then take a look at the possibilities of drawing up SWOT analysis.

6. The competition

Here you write about the established companies in your field and region with whom you will soon be competing. In this competition analysis, also briefly indicate to each competitor what your company will do differently (and better).

7. The product

In this section, you can describe your product or service in detail. What is the goal? How is the product made? For example, would you like to write or translate web texts for companies from Dutch to English or Russian?

Describe step by step how you will proceed exactly and what the costs will be.

Is a possible second correction included in the price or do you charge extra hours for this? And what about copyright, for example?

If you want to start manufacturing, importing or exporting products with your company, this is the place to explain the exact import or production process in clear terms.

8. Business model

The business model helps you display certain aspects of a company. From the expected turnover, price, potential customers, target groups, the maximum size of the assignment or job that you can take on, and the sales model. This is a way to visually represent the aspects of your business model.

9. Sole trader or large team?

Are you going to set up a sole trader? Then you just have to put your own name here. But when you start a business together with others, you have to record this on paper:

  • Who are the founders?
  • Who are responsible for operational management?
  • If relevant, who are the management board?

10. Financial information

Finally, the business plan must also include financial obligations. For example: Making a realistic estimate of the cash flow. A profit and loss account, the balance, what you can offer the acquired investor financially, and when do you think you will reach the break-even point?