Tag Archives: office

How To Find a Poor Credit Auto Loan

Have you ever gone to a car dealership and wasted your time? If they give you anymore paperwork then my arm might fall off. Filling out the paperwork seems like it is most of the time. A poor credit rating will make the process last even longer.

But, finding a car loan for poor credit borrowers can be done outside of the dealership office. Instead of sitting in the high stress office, try and get approved online for a car loan.

It first started as a niche business but the online auto loan market has expanded. Now even the major banks are trying to compete online for your business. Due to the competition, it is possible to find more and more poor credit auto financing options.

The days of stress in the car dealership are over. The loan amount will be determined before you step into the dealer. This is a great comfort to most people. No more wasted time. It also gives you a firm price to negotiate from.

The Internet is a great resource for finding potential auto loan companies. Any of the major search engines can help in your search. In addition, pay attention to online feedback to screen the final candidates.

A poor credit auto loan will cost you more in the long run. It is important to calculate the difference for your budget. Try and stay within your budget constraints.

Make a list of the best few companies. The next step is to apply for a loan. Compare your rates and final terms for the lowest cost. Do not forget to read the terms especially for missed payments.

It is possible to find a lender before you go into the car dealership. It could lower your stress level as well as save some time. If you find the right lender it may even get you the car that you always wanted.

Lease or Buy – Which Way for Office Equipment Procurement? (Page 1 of 2)

On the subject of how best to acquire office equipment and supplies, for the small to medium sized business enterprise the first step must always be to contact a financial adviser to discuss how best to make the acquisition. In this summary, however, I offer some pointers to outline possible routes to a cost-effctive acquisition. Outright purchase or leasing are broadly speaking, the usual choices, with hire-purchase schemes making a third route to explore.

Purchasing an asset is nearly always the most convenient method of acquisition. However, in some cases, especially for some high-end multifunctional office equipment purchases, purchasing may be seen as impossible because of lack of funds in the current finacial year, or in any case a high cost which discourages those all-important upgrades toward a more efficient, productive business.

However, many companies have found that Leasing becomes a favourable option, if necessary by funding from an agreed budget deficit against under spending in future years. Several options now exist where leasing can provide the best overall value for money.

To expand on this, some different ways of obtaining higher-cost equipment are outlined below. This is a brief summary only, designed to assist with conversations with suppliers or with internal finance departments.

Office Equipment Leasing vs. Hiring or Rental

The Equipment Leasing Association defines a lease as “A contract between lessor and lessee for hire of a specific asset selected from a manufacturer or vendor of such assets by lessee”. In this scenario, ownership stays with the lessor. The lessee has possession and use of the goods over a period on payment of the specified rentals.

This system is different from hiring (including rental and contract hire). Hiring requires the user to select from specialised stock already held by the hiring organisation which usually charges a fixed tariff. Leasing enables the user to select the goods from a manufacturer or other supplier of the required goods.

A lease is negotiated usually on terms specific to the deal, with the lessor. The lessor acquires the goods chosen by the lessee. Uniquely, this can allow the lessee to use the goods by making payments out of revenue. Office equipment (including photocopiers and fax machines) and furniture, cars and commercial vehicles, computers, machine tools, laboratory equipment and contractors’ plant are allcandidates for leasing.

Some Advantages of Leasing:

– All costs are fixed in advance, so budgeting is exact – Goods cannot be wihdrawn once the contract is signed (as long as agreed conditions are complied with. – Removes the need to tie up capital. – Allowances, depreciation and other calculations are not required – Leasing is simply about the rental cost. – Leasing releases capital which may not be available elsewhere. – Leasing is inflation-proof as payments are made out of future funds, in fixed money terms. Hence real costs fall against any inflation. – Possibility of immediate use of cost-saving equipment.