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Business Car Finance Options

Let’s face it, many business professionals travel from city to city to do conduct their daily interactions with their associates. When an individual has a career like this, it is essential that they keep there image professional, clean, and sparkly. Plans that have business car finance options can be very valuable to these men and women. These individuals can typically finance a luxury vehicle for employment purposes.

Many times, these individuals are salespeople who travel from prospective client to prospective client. It is a good reflection of the hiring company, and the individual salesperson, to pull up in a nice vehicle. Business car finance options make this possible as well as the salesperson’s employer. Typically, an employer will either pay for all or part of the vehicle obtained through a business car finance options deal.

The benefits of this arrangement are plenty. Business car finance options have many financial incentives to both the employer and employee. For the employee, some of the benefits include, but are not limited to:

· Business car finance options can be included as an expense eligible deduction from taxes. Typically, the employee can write off expenses such as: gas, light repairs, insurance, and rental cars if needed.

· The employee does not have to incur the risk of his/her own vehicle getting damaged, stolen, lost, or broken into. The company is responsible for all repairs and damage to the vehicle within the parameters of business car finance options.

· The employee gets to drive a luxury vehicle without paying a monthly payment on a loan. Typically, the employer will allow the employee in this situation to use the car for leisure as well. The employee usually gets to take the car home everyday and use it with his/her family.

· Business car finance options allow the employee to gain a better respect in the industry with his/her clients and potential clients. Buyers always feel more comfortable around someone who arrives in style. Salespeople who drive in bad cars are seen as sleazy and shady in most cases.

Benefits of business car finance options do not only apply to the employee. It is easy to see by the great benefits below that this arrangement is very attractive to this type of employer-employee relationship. Many companies today are using this arrangement to protect themselves and save money. Some of the benefits that the employer gets to reap are:

· Tracking their employees whereabouts

· A tax write-off for the monthly expense of the car

· An additional tax write-off for having a contract sales employee

· Reduction of employees arriving late to the office or breaking down and not coming in at all

Business car finance options benefit everyone involved. Some might find it expensive for a company to incur such an expense. Actually, it is not at all. The employer typically gets a large discount for leasing in bulk. And, business car finance options can save money with more people driving to work in reliable cars and missing less work.

Types of Unsecured Personal Loans (Page 1 of 2)

Even consumers who practice careful spending habits can sometimes find themselves in financial trouble. Unexpected expenses such as car repair bills or medical costs can strain your budget and leave you wondering how you will make ends meet. Fortunately, there are several types of a secured personal loans in the UK that can help you through difficult financial times. It is important to consider these loans carefully to ensure that you are choosing the right type of loan for you.

Payday Loans

A payday loan is a short term loan that can help you through a financial emergency. The process of qualifying for this type of loan is relatively simple and typically requires little documentation. For this reason, you might be able to obtain approval or a payday loan and receive the funds you need in as few as one or two days. In some cases, you can even obtain a payday loan without a credit check or income verification.

Before opting for a payday loan, you should consider the drawbacks of this option. In most cases, you will have to repay the loan amount, plus interest, within one or two weeks after you receive the funds. Although this might be appropriate for a financial emergency, a payday loan might not help you if you anticipate that your financial needs will last for a longer amount of time. Also, compared to other types of unsecured personal loans, payday loans typically come with high interest rates. You might have to pay 25% interest or higher in addition to the principle amount for the privilege of borrowing money for just a week or two.

Personal Bank Loans

A personal bank loan is issued by a bank or other financial institution instead of by a payday lender. This type of loan is generally designed for longer-term financial needs – depending on your circumstances, you might be able to borrow the funds for five years or longer. This might be an appropriate option if you want to consolidate existing debts or anticipate that your recurring extra expenses will last longer than a few weeks.

Banks and financial institutions require substantially more documentation than payday lenders when evaluating applicants. You will likely need to provide verification of your income and expenses, as well as documentation of your personal assets and other debts you owe. You will also have to fill out a lengthy application and may have to meet with a personal lender in order to receive approval for your loan.

Compared to payday loans, interest rates for personal bank loans are typically low. This option can help you obtain the long-term funds you need without costing you a small fortune in interest charges. Of course, this type of unsecured loan typically requires a thorough review of your credit history. The interest rate you obtain a for a personal bank loan can vary significantly depending on the length of your credit history and whether you have made your other account payments on time.

Unsecured Credit Cards