How Will You Pay For Your Motorcycle

Buy from a dealer If you have limited experience and may benefit from assistance in finding what you are looking for, visiting a motorbike dealer could be a smart first step. You may obtain tips and recommendations here so you know precisely what to look for when buying the best motorcycle for your driving style. With the assistance of a trader, you may be confident that the model you purchase will meet your expectations. Some dealers allow you to buy by installment, which means you may finance the purchase by paying in monthly installments.

Personal financing

If the budget you want to use for your purchase is limited, you can always think of models with a cheaper price tag to use as little of your personal reserves as possible. For example, you can find new models like a BMW G310R for €5,150 or a Suzuki GSX R125 for €4,499. These prices may be more affordable, but your savings will suffer because the entire amount is immediately paid out of your own pocket. This can also be dangerous if you are facing financial difficulties. With a loan as an alternative, you can spread your expenses over a longer period of time and thus relieve the pressure on the savings account.

Loan with a specific purpose vs personal loan

If you do not have enough money in your bank account to buy a motorcycle, a loan with a specific purpose can be a solution that makes it available to you to purchase a motorcycle and If you wish to learn more about motorcycle laws or if you experience a motorbike accident, you may click on this page. In order to take advantage of this type of loan, you must provide proof of purchase, as the amount borrowed is directly allocated to the purchase of the property. In general, the amount you can borrow is equal to the price of the vehicle.
The specific purpose loan is a low-risk loan because the vehicle serves as collateral, unlike a personal loan. With a personal loan, on the other hand, in some cases, you can borrow up to 110% or 120% of the purchase price of the engine. This is mainly intended to facilitate the payment of the additional costs of, for example, the insurance of the vehicle or the equipment.

Unlike the assigned loan, the personal loan does not require a guarantee or justification of purchase. This makes it a greater risk for banks and therefore this loan has a higher interest rate than secured loans. In the long run, the monthly payments will be higher and therefore the total cost of the loan will also be higher. However, you must meet certain conditions if you want to access an assigned loan. You should; be a resident of Belgium, an adult, not be included on the blacklist of the Central Individual Credit Register; and finally, be able to repay your loan during the specified period.

It is important to delve into the different payment options available in the market in order to find the best deal. Take the example of the Yamaha MT-09 SP: to buy this new bike worth 10,699 euros with an 18-month loan, different rates (indicated by the APR, the Annual Percentage Rate) are offered by banks in Belgium. Cetelem offers a loan with an APR of 2.49%, a monthly repayment of €606, which corresponds to a total repayment of €10,909 over 18 months. While at Belfius Bank you get an APR of 1.15% with a monthly payment of €600 for a total repayment of €10,796. As you can see, the cost of a loan can vary quite a bit, so don’t hesitate to check out the different financing options for motorbikes that are available in Belgium and thus save money. Search engines such as TopCompare. allow you to easily compare different loans.

Are you also aware that it is possible to make a personal contribution of approximately 20%?  If you have the opportunity, you can even negotiate a lower interest rate with this. Of course, this also reduces the total loan amount because you already contribute to the financing of your motorcycle. In addition, in the event of theft or destruction of the vehicle during the loan period, you increase your chances of getting a higher amount refunded from your insurer.

Financial Issues: Business of Banks

bank-finance

Banks play an important role in the business cycle. Among other things, they receive savings from private households and provide money to businesses and individuals, for example in the form of loans. For example, they allow investments that help companies develop economically and therefore stimulate the entire economy. Individuals also use bank loans to invest, for example in the construction or purchase of a property, such as a condominium.

 

A set of activities

In addition to the essential areas of banking, that is, the deposit and loan business, many banks are also active in the securities business, real estate business, international business, management of payment transactions, and credit transactions. foreign exchange. In addition, they offer their clients services such as the assumption of guarantees and surety, asset and portfolio management, and advice on all matters relating to financial transactions. Private clients can, for example, get expert advice on asset accumulation, retirement planning, or real estate financing.

 

Universal and Specialty Banks

Most banks offer a wide range of products and services, see Chime routing number. They are known as universal banks. There are also credit institutions that specialize in one or a few banking services, the so-called specialized banks. These include mortgage lenders and construction companies. The universal banks have the advantage over the specialized banks in that they have a more stable earnings trend thanks to their various business opportunities. If, for example, the corporate client business is declining due to an economic slowdown, the real estate business or the private client business can generate particularly high profits. Basically, banks generate income through the interest margin, through service fees and commissions, but also through so-called trading on their own account. The interest margin arises when the bank pays investors loan interest on their deposits, but in turn, receives loan interest from borrowers at a generally higher interest rate. Trading for own account refers to the business that a bank does not carry out for clients but on its own account.

 

Financial services institutions

In addition to banks, there are financial services institutions. You do business that is comparable to that of a bank, for example, investment advice or the issuance of credit cards. Unlike credit institutions, the requirements of the financial market supervisory authority are lower.

A Cursory Glimpse at ADAS and Its Impact on Motor Vehicle Insurance

The automotive technology known as Advanced Driver Assistance Systems (ADAS) has been changing the way car makers are focusing on safety in building cars. In conjunction with the emerging trend, motor vehicle insurance policies are likewise being developed by adopting an ADAS model for its risk scoring system.

One of the frontrunners in the development of ADAS-based risk scoring system is Swiss Re, which last September, 2020 entered into partnership with Toyota Insurance Services. The partnership will see the adoption of the fintech’s risk-scoring innovation for the insurance policies covering Toyota and Lexus, the vehicles being outfitted with ADAS features and therefore compatible with the Swiss Re ADAS insurance risk scoring system.

Toyota insurance division’s partnership with Swiss Re promises improved insurance policies as the assessment of risks is linked to the safety performance of Toyota and Lexus cars, as well as the extent with which drivers use the car’s anti-accident car features. Initial rollout of the Toyota Insurance Services’ motor vehicle insurance innovation will be in 2021 across European countries.

Actually, BMW was the first to develop the ADAS-based insurance policies for BMW vehicles when the car company partnered with Swiss Re in 2019.

What Exactly is Swiss Re’s ADAS Risk Scoring Innovation?

Swiss Re’s risk scoring technology for motor vehicle insurance is vehicle-specific as the risk assessment factors will be based on a car-manufacturer’s safety specifications. Using data collected from actual car crash tests conducted by Swiss Re, a risk scoring system was developed based on simulations of various car accident scenarios involving a specific car.

The scoring system will then produce safety score for the subject vehicle using all available ADAS configurations. The higher the score results, the safer the car the lower the potential risks. However, the insurance policy and its pricing is still dependent on real-time information on where and how a car model on which the risk scoring system was developed, is being used. Swiss Re simply calls the car-specific insurance that they develop using their risk-scoring system is simply Usage Based Insurance (UBI) solution.

Andrea Keller, the Senior Strategy & Partnership Manager at Swiss Re said that their goal is tro drive innovation that will support a win-win solution for both the car manufacturers and the motor insurance sector. Through Swiss Re’s risk scoring system, consumers will be encouraged to purchase ADAS vehicles, while paying for insurance at reduced costs albeit dependent on the manner and extent the driver uses the vehicle and its anti-accident safety features.
.
In the meantime, while car insurance providers abound and in tight competition with other offers, carinsurancesnearme.com gives car owners advice of not skipping the process of comparing all available options. Mainly because most car insurance policies in the market still follow the traditional approach in risk assessments.

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?