Honda Cars Mobile Site: Photos, Price Options, Offers & More #full #coverage #auto #insurance


#car dealers
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[1] MSRP excluding tax, license, registration, $835.00 destination charge and options. Dealer prices may vary.

[2] MSRP excluding tax, license, registration, $900.00 destination charge and options. Dealer prices may vary.

[3] Subject to limited availability through September 2014 to residents of CA, OR, MA, RI, CT, NY, NJ, and MD on approved credit through American Honda Finance Corp. Closed end lease for 2014 Honda Fit EV for well-qualified lessees. Not all applicants will qualify. No purchase option at lease end. MSRP $37,415 (includes destination). Excludes tax, title, license, fees, registration, options and insurance. Total monthly payments $9,324. Lessee responsible for non-routine maintenance and excessive wear/tear. Lease includes collision coverage, routine maintenance, roadside assistance, unlimited mileage, and navigation system updates. Total due at lease signing is $259 plus tax and title and includes first month’s payment. Please see your authorized Fit EV dealer for complete details. For lessees who elect to install 240-volt charging equipment in their home, the charging equipment (hardware only) will be provided by Honda, the lessee remains responsible for installation and installation materials.

Car Loan Options: Used Auto Loans vs. New Car Loans #auto #repairs


#auto loans
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Auto Loan: New Used Car Loan Options

Most people today need a loan when they buy a new or used car and the high cost of many vehicles often means that consumers spend years paying off the auto loan. The average length of a car loan at the start of 2015 was 67 months, about five months longer than it was in 2010.

The trend is going even longer with 30% of car loans now stretched between 72 and 84 months. The average amount financed in 2015 was $28,711 with average monthly payments of $485, a record high for both length of loan and amount financed.

Types of Auto Loans

Not all car loans are alike. The most common types of car loans include:
  • Simple Interest Loans are the most common type of auto financing available. The interest rate is based on the outstanding balance of the loan. Borrowers can save on interest costs by paying more than their standard

monthly payment.

  • Pre-Computed Loans refer to financing where all interest and principal payments are pre-calculated before the borrower and lender agree and sign the paperwork. Although this loan was widely used in the past, most people don’t opt for this restrictive method of financing because it doesn’t allow for early repayment of the loan.
  • Much more risky is borrowing money based on equity in the car you already own. These car title loans mostly appeal to people who have fallen on hard times and need cash they cannot borrow elsewhere. Interest rates on these short-term loans can be sky-high, and a borrower who fails to pay can find himself deeper in debt and at risk of losing his car.

    Now that you understand the various loan options available for purchasing a car, buyers have a number of potential sources for securing the necessary financing.

    The most common places to secure auto loans are:
    • Banks. Getting financed through a bank is typically the easiest route because commercial and private banks have large pools of capital. A bank could be your best bet if you are looking for the lowest interest rate. Banks can also be a quicker and more convenient source for car loans because they are structured to make a large number of transactions in a short period of time.
    • Credit Unions. These nonprofit organizations can offer competitive interest rates, but you need to be a member to utilize their services. Criteria for membership varies, but credit unions may focus on people who work in specific industries, live in a certain area or belong to a particular group.
    • Car Dealerships. Car dealerships offer financing to help sell cars. They often have established relationships with lenders, which can help you get a loan quickly and without a lot of legwork on your part. Keep in mind, however, that dealers typically make a considerable profit on loans, so it pays to understand the interest rate and other terms being offered.
    • Home Equity Loans. These are an alternative to a traditional auto loan. Financial institutions often lend money to borrowers based on the equity in their homes, called a home equity loan. This money can be used for many purposes but a popular one with many borrowers is buying a new or used vehicle. One particularly attractive feature is that interest on these loans is typically tax-deductible.

    How Does Car Loan Interest Work?

    The typical automobile loan is calculated using simple interest, meaning you pay interest only on the principal owed.

    This is similar to the method used in repaying mortgages and student loans, but vastly different from the method used with credit cards, where compound interest creates a much larger bill for the borrower.

    For example, a simple interest automobile loan of $18,000 at an interest rate of 9.9 percent (typical in 2015 for someone with credit score of 640) would mean monthly payments of $332.55 and cost $23,944 when the loan is paid off.

    Compare that to the same loan, using compound interest. The $18,000 loan would end up costing $32,522. Interest payments alone would be $14,523. That is why credit card debt builds so rapidly and why you should insist on a simple interest loan when buying a car.

    Car Loan Rate Tied To Credit Score

    Your credit score determines how much of the car a lender is willing to finance. You probably have heard advertisements for “zero percent interest” from dealers. They do exist, but you must have a credit score of 750 or higher to get them.

    If you have bad credit (such as a credit score under 550), the best you can hope for is they will finance 80% of the car’s value and you will have to make up the remaining 20% with a down payment.

    Credit scores and interest rates operate in a see-saw fashion on auto loans. As your credit score rises, the interest rate you pay drops. If your credit score drops, the interest rate goes up.

    For example, in 2015, a credit score of 740 would get you a 72-month loan at 2.9%. A credit score 100 points lower (640) and you’ll be paying 9.9%. Drop another 20 points to 620 and the rate goes up to 12.49%.

    To put that in dollar terms, if you finance $18,000 for the car, the difference between a very good credit score (740) and an average score (640) is $4,311 over the life of the loan. The difference between the very good and poor score (620) is $6,035 over the course of six years.

    Car Loan With Bad Credit

    It is not impossible to buy a new car with bad credit, but lending institution can make it very difficult and definitely expensive.

    Lenders know they are at considerable risk by making car loans to people with bad credit or no credit so they take as many steps as possible to minimize the danger. It is not unusual for them to ask for a substantial down payment and charge an interest rate that is at least 10 points higher than someone with good credit pays.

    This allows the banks to get closer to break even if the borrower defaults on the loan two or three years after purchase. A car loan is a secured, which means the vehicle serves as collateral on the debt. If you fail to make your payments, the lender can seize it as payment. This is much safer for the lender than unsecured debt, such as a credit card account. where the lender has only the card-holder’s promise to pay.

    A borrower with bad credit has some financing choices, but they are limited. The borrower’s best recourse is to start with a clean record, meaning pay off any outstanding car loans and other debts before shopping for a new car. That not only improves your credit score, it allows time to save up a down payment. Another option is a shorter loan term. Although the average car loan is 72 months or longer, ask for a 48-month term and the interest rate will drop by a percentage point or two.

    The next possible option is to save until you have a large down payment. If you can cover at least 20-30 percent of the cost with a down payment and take advantage of any dealer incentives and rebates when buying the car, you help avoid being in an upside-down position when financing the car. You may still have to pay double-digit interest rates at the start of a loan, depending on your credit score, but two or three years down the road, you can look for an opportunity to refinance the loan when your credit score has improved.

    If you have poor or no credit you should also consider purchasing a used car that is 1-to-3 years old. You would enjoy a sizeable reduction in price, which means borrowing less and paying less interest in the process. The good news is that interest rates on financing a late model car should be similar, if not exactly the same, as purchasing the car new.

    Negotiating A Better Car Deal

    There may be room to negotiate the final price of the car, but there is little or no room to bargain when it comes to financing the car.

    Smart buyers know their credit score before they start looking for a car and use that information to get pre-approved for a loan from their bank or credit union.

    When you decide the car model you want to buy, it’s possible to take the terms from your bank into the dealership and ask them to beat it, but only if your credit score supports it.

    Most dealerships have relationships of their own with banks and credit unions, but use a customer’s credit score as the measuring stick for what interest rate to charge on the loan. It’s possible there might be a light difference, but seldom enough to change a deal.

    What About Leasing?

    As car costs have risen, leasing has become a popular alternative to buying. In recent years, leases have comprised more than 30% of new vehicle transactions.

    On the surface, leasing and buying with a loan may look similar. Both involve payments over time, but what you are buying is different.

    With a car loan, you eventually will pay off the loan and own the car. Your payments end and you have the option of keeping the car as long as you like — or as long as you can keep it running – or selling it.

    With a lease, you likely will have a lower down payment, lower monthly payments and lower maintenance costs compared to taking out an auto loan. This is part of the appeal of a lease.

    However, at the end of the lease you do not own the car. At this point you have two options: buy the vehicle, which can require taking out a loan, or begin a whole new lease

    Options Strategies And Your IRA Account #can #i #trade #options #in #my #ira


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    Options Strategies And Your IRA Account

    I receive many responses from readers of my option strategy articles. Recently one question keeps popping up, though in various forms. Do these strategies work with IRA accounts?

    The simple answer is YES, to an extent. In some cases options actually work better in an IRA than in a taxable account.

    One of the most common option strategies is the selling of a naked put instead of actually buying the underlying stock. The taxation of gain on any security (including options) that is sold short is at ordinary income rates. In an IRA this doesn’t matter as there is no current tax and all distributions are taxed at ordinary rates regardless of their initial source. So, from an IRA taxation standpoint there is no difference in selling puts and buying stock (though there may well be a difference in investment result).

    In a taxable account the same doesn’t necessarily hold true. If you hold a stock long enough the dividends and any gain can be taxed at the lower long-term capital gains tax rate. Shorting a put is always taxed at ordinary rates and can be significantly higher. This is a factor that can reduce your net after-tax yield and should be factored into your planning.

    Putting taxation aside, there are several limitations in IRA accounts you need to deal with. First is the margin account. Your IRA must establish a margin account if you are going to employ any strategy other than simply buying calls or puts. This is generally not a big deal but does require proper trading authority from the compliance department of your broker.

    The simplest level of authority allows the selling of covered calls. This is really more of a stock strategy than an option strategy but I include it.

    Next is the selling of “cash secured puts”. This is relatively easy to understand. Let’s say you want to buy 1000 shares of a stock trading at $15. This would require $15,000 in cash. Instead of an outright purchase you could chose to sell 10 puts (each put controls 100 shares). Your exposure is no greater than having bought 1000 shares for $15,000 and you need only “reserve,” or set-aside $15,000 of cash to enter this transaction. In essence, there is no leverage.

    This is different than margin in a taxable account that can require as little as 25% in margin. Taxable margin accounts increase the leverage as much as four-fold. This is either good or bad, depending on which side you land on.

    An additional limitation in an IRA account is the prohibition against short selling. Selling “naked calls” is similar to shorting the underlying and prohibited in IRAs. In a taxable account you can sell naked calls and just need to deal with margin requirements.

    This means that those strategies that include selling naked calls can’t be used.

    Strategies so limited include straddles, strangles, synthetic shorts and other derivations. Let’s say you wanted to sell a “straddle” on a particular underlying stock. This would require you to sell a put and a call at the same strike (usually at the same expiry, but not required). In a taxable margin account this would be permitted. The trade is “paired” and the margin requirement is computed on just one of the legs: the larger of the two.

    This can be a very useful tool when a trade entered by selling a put turns against you. Selling a call can offset or reduce further losses. You use little or no margin. This can’t be done at all in an IRA margin account as a naked call can’t be paired with a put (it can be paired only with a long call).

    Some readers might just “zone out” when talk turns to straddles and strangles. They often understand what they are but might not really understand how they can be used. Straddles and strangles can provide one of the easiest and most productive hedges available. Readers may want to review my article on using a strangle to hedge XLE to see these strategies in action. Unfortunately this technique isn’t available in IRA accounts.

    This leads us to the available option strategies—spreads. Included in these are calendar spreads, diagonal spreads, vertical spreads and certain butterfly and condors that fully pair options. This requires a higher trading authority.

    Let’s examine a vertical bull put spread to see the advantage of this higher trading authority. This strategy consists of selling a put at one strike and buying a protective put at a lower strike (both with same expiration). An example would be a stock trading at $25. You could sell 10 out-of-the-money puts with a strike of $24 and buy 10 protective OTM puts with a strike of $20.

    If you did not have the higher trading authority it would break down as two separate transactions. 1) a cash covered put requiring $24,000 in reserve ($24 times 1000 shares) plus 2) a cash buy of the lower strike put. With the higher authority the margin requirement is simply the difference in strikes ($4) times the number of shares (1000) or $4,000.

    Many of my portfolio strategies consist, in part, of buying far dated options and selling near dated or weekly options (calendar spreads). These spreads are all permitted in an IRA account and one need only take into account available margin balances. The IRA margin calculation for a calendar spread is the same as the vertical put. It is just the difference in strikes times the shares. So, if you bought 10 September OTM calls at $24 and sold 10 OTM December calls at $19 your margin requirement is $5000 ($5 strike differential times 1000 shares).

    If you sold a call at a higher price than the one you bought, there is no margin requirement, just cash. It is viewed very much the same as a covered call.

    Additionally, if you sell a put at a lower strike than the one you bought there is no margin, just cash.

    Whenever spreads are used in an IRA account a trading complexity can exist.

    Let’s say your IRA had $100,000 in total value broken down to $60,000 in stocks and $40,000 in cash. Let’s further say you wanted to enter into a bull put spread for 10 options on SPY (currently trading at $125). You sell ten OTM puts at a strike of $123 and buy ten protective OTM puts with a strike of $120. Your margin requirement is only $30,000 ($3 strike differential times 1000 shares) and well within your cash balance.

    A snake lays waiting for you in the brush. Let’s say SPY drops and your ten puts are assigned. This means 1000 shares are bought at $123 for a total cost of $123,000 and you only have $40,000 in cash.

    This isn’t too big a deal in traditional margin accounts as you can use margin to sell the shares. It doesn’t work that way with IRA margin and this presents a problem that may require you to liquidate other securities and suspend your trading privileges. You need to discuss how your broker will handle this to be sure you aren’t further restricted.

    This requires constant monitoring of the extrinsic value of the option to determine its likelihood of assignment. When the extrinsic approaches just a few cents the assignment likelihood increases. If the likelihood is great, you need to pre-mpt the assignment by rolling the option beforehand. If you just use cash secured puts you never have to worry about assignment as there is always enough money to cover the assignment.

    A similar problem can occur if you sell a call as part of a paired strategy and the call is assigned. You end up being short the underlying. Since IRAs can’t be short you need to cover the short immediately and need enough cash in your account to do so. If you don’t have enough cash you may encounter a trading violation and that restricts your future trading.

    When various spreads allow you to trade options with a “sticker price” in excess of your account value (leverage) you need to monitor them carefully to make sure they aren’t assigned.

    In conclusion, if you can secure the necessary trading authority many of the option strategies will be available to you. Margin requirements will restrict some of the leverage available when compared with taxable accounts. Assignment can also become a greater problem than a taxable account and requires monitoring. These are not major obstacles, but ones that need to be kept in mind.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    About this article:

    Online Doctorate of Education: Program Options #doctorate #in #education #online, #online #doctorate #of #education: #program #options


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    Online Doctorate of Education: Program Options

    Essential Information

    Several schools offer Doctor of Education programs that incorporate online classes and seminars. These programs usually also require brief on-campus residencies. In the online courses, students may be able to view lectures and complete class assignments on their own schedules. They can usually interact with professors and other students via the Web as well.

    Doctor of Education degree programs train educators to be leaders of teachers and administrators. Some programs allow students to choose an area of specialization, such as teacher leadership, special education, higher education administration and adult education. These programs usually require about two years of full-time study to complete.

    A Doctor of Education degree program focuses on research. Students generally complete courses that give them a foundational knowledge of research methodology in education. Gathering data and developing and presenting a thesis or a final research project is a major part of the doctoral program. Students take several courses in their area of specialization and base their thesis on that subject.

    As a prerequisite, students applying to these programs need to have a master’s degree. Students will also need to have accesses to software programs, such as Adobe Acrobat Professional, Adobe Acrobat Reader, Microsoft Office Professional and Norton Antivirus, to complete online coursework.

    Find schools that offer these popular programs

    • Counseling and Guidance
    • Curriculum and Instruction
    • Educational Administration and Supervision
    • Educational Evaluation and Research
    • ESL Teaching
    • International and Comparative Education
    • Library Science and Related Professions
    • Philosophical Foundations of Education
    • Special Education
    • Teacher Education for Specific Levels and Methods
    • Teacher Education for Specific Subject Areas
    • Teaching Assistant

    Doctor of Education Degree

    This online doctoral program is intensive to education and includes courses in educational leadership, program management and educational research. Students acquire skills that help them direct teachers and administrators to use funds in ways beneficial for schools, create solid curricula and develop new ways to help students learn. To be eligible for the doctoral degree program, students usually must have at least a master’s degree. There are several doctoral degree programs in education available online.

    Information and Requirements

    The online Doctor of Education program is available through a hybrid format. Students complete some courses online, some through Webinars and others through on-campus residencies. To complete the courses, students log onto the university’s Web-based application, where they can interact with other classmates, discuss questions with professors, watch video lectures, complete assignments and take tests.

    Students must have high-speed Internet and a working computer to complete the program. Software programs, such as Adobe Acrobat Professional, Adobe Acrobat Reader, Microsoft Office Professional and Norton Antivirus, are also required.

    Common Online Education Courses

    The online doctoral degree program in education can be completed asynchronously at most schools, with students completing courses entirely on their own time. Some schools also require that students participate in activities on-campus that can be completed at certain times throughout the year.

    Cultural and Social Analysis of Education Systems

    This course introduces students to various forms of classroom management, classroom reform and studies the way various social groups interact. Students analyze and apply research pertaining to different systems of educational instruction and classroom management techniques.

    Conflict Management

    This core course trains students to resolve conflicts between groups of people by analyzing the severity of the differences and finding common ground. Students discuss factors that play a role in conflict management, such as ineffective communication, different personal styles and different values.

    Leadership for Schools

    Students examine how leadership communities operate so they can understand the changing needs of the community. They study modern research in school leadership and learn practical ways to apply it.

    Policies: Public and Institutional

    Students study issues related to the operating effectiveness of an education institution. They learn about the politics that surround teaching principles and practices, organizational methods, classroom management and even the way the school is viewed by local, state and federal organizations.

    Trends, Issues and Perspectives in Global Leadership

    This course helps teachers of adult learners make their classroom’s learning experience more effective. Students analyze the role technology, brain research and globalization play in learning trends and teaching styles.

    Career Information

    With a doctorate in education, students can find careers as university professors, human resource consultants, education administrators or school superintendents. According to the U.S. Bureau of Labor Statistics, the demand for education administrators, including principals and vice principals, is expected to grow by six percent between 2014 and 2024 (www.bls.gov ). The median annual salary for elementary and secondary school administrators was $90,410 in 2015, while post-secondary administrators made $88,580.

    Teachers and education administrators who have masters degree and are looking to take on a greater leadership role may benefit from pursuing a Doctor of Education degree. With online courses and brief on-campus residencies, these programs allow aspiring education leaders to specialize in areas like teacher leadership, special education, higher education administration and adult education.

    Next: View Schools

    Learn about the education and preparation needed to become a paramedic. Get a quick view of the requirements as well as details.

    The U.S. Department of Education has finally released their proposed regulation defining the ‘gainful employment’ requirement.

    After a year of negotiations, the Department of Education has released a set of proposed new regulations governing the use of.

    Oversights at the Department of Education allowed lenders to improperly collect more than $600 million of student loan.

    Debt Consolidation – Debt Help & Solutions, Fox Symes, options for debt consolidation.#Options #for #debt #consolidation


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    Comcast Adds Disaster Recovery Options With ColoHouse #disaster #recovery #options


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    Comcast Adds Disaster Recovery Options With ColoHouse

    Partnership With Company s Miami Data Center to Help Provide Redundant, Reliable Power and Critical Backup to Customers During Hurricane Season

    SUNRISE, FL (Marketwire Jul 19, 2011) Comcast Business Services Florida East Coast Region is launching a partnership with ColoHouse to provide customers with additional options for reliable, redundant power and data center services. The partnership with Colohouse s major Miami data center helps provide customers with the continuation of Internet and telecommunications connectivity in the event of power loss. This service is extremely important in South Florida due to the need for disaster recovery and business continuity during the hurricane season.

    During the hurricane season, the daily operations and profitability of many businesses in South Florida can be greatly affected by severe weather, said Comcast s Vice President of Business Services for the Florida East Coast Region, Steven Schmitz. This partnership with ColoHouse provides Comcast business customers additional power options to help protect their network-based operations during a major storm.

    ColoHouse s Data Center is a 24,000 square foot facility located outside FEMA s 500 year flood zone and is able to withstand a Category 5 hurricane. It s a carrier neutral operation that is utilized by many major global carriers.

    The partnership will allow customers to connect with Comcast facilities at the ColoHouse Miami Data Center to establish backup services in case of a power loss for any reason. This service extends disaster recovery services to any sized business.

    This is another example of how Comcast is revolutionizing business services in Miami by providing services that used to be obtainable only by larger companies, said Schmitz.

    Whether it s redundant power and cooling systems, modern equipment or special hurricane-rated facilities, we can offer new innovations and reliability to help ensure disaster recovery and business continuity, said Richard E. Duman, Vice President of Sales Engineering for ColoHouse. As more organizations rely on network connectivity to drive and support their daily operations, the need for BC/DR becomes even more critical to serving customers and protecting the overall integrity of the business.

    About Comcast Corporation
    Comcast Corporation (NASDAQ: CMCSA) (NASDAQ: CMCSK) (http://www.comcast.com) is one of the nation s leading providers of entertainment, information and communications products and services. Comcast is principally involved in the operation of cable systems through Comcast Cable and in the development, production and distribution of entertainment, news, sports and other content for global audiences through NBCUniversal. Comcast Cable is one of the nation s largest video, high-speed Internet and phone providers to residential and business customers. Comcast is the majority owner and manager of NBCUniversal, which owns and operates entertainment and news cable networks, the NBC and Telemundo broadcast networks, local television station groups, television production operations, a major motion picture company and theme parks.

    About ColoHouse
    ColoHouse is a premier provider of network-neutral data center services in North America with 20 years of experience. With nearly 24,000 square feet of space available at its carrier-grade, SAS70 Type 2 certified, Category-5 protected, Miami Colocation facility, ColoHouse customers benefit from extraordinary customer service. ColoHouse gives businesses a competitive advantage with industry-leading security, environmental, and connectivity technologies, and a pricing structure that is best in its class. Visit ColoHouse today at http://www.colohouse.com.

    Honda Cars Mobile Site: Photos, Price Options, Offers & More #big #bucks #auto


    #car dealers
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    [1] MSRP excluding tax, license, registration, $835.00 destination charge and options. Dealer prices may vary.

    [2] MSRP excluding tax, license, registration, $900.00 destination charge and options. Dealer prices may vary.

    [3] Subject to limited availability through September 2014 to residents of CA, OR, MA, RI, CT, NY, NJ, and MD on approved credit through American Honda Finance Corp. Closed end lease for 2014 Honda Fit EV for well-qualified lessees. Not all applicants will qualify. No purchase option at lease end. MSRP $37,415 (includes destination). Excludes tax, title, license, fees, registration, options and insurance. Total monthly payments $9,324. Lessee responsible for non-routine maintenance and excessive wear/tear. Lease includes collision coverage, routine maintenance, roadside assistance, unlimited mileage, and navigation system updates. Total due at lease signing is $259 plus tax and title and includes first month’s payment. Please see your authorized Fit EV dealer for complete details. For lessees who elect to install 240-volt charging equipment in their home, the charging equipment (hardware only) will be provided by Honda, the lessee remains responsible for installation and installation materials.

    Binary Tribune – Binary Options and Forex Trading News #forex #options #trading


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    Forex Academy

    We proudly present to you Binary Tribune’s Forex Academy. Our aim is to provide high-quality forex trading education for free. The academy is covering a wide range of topics and all lessons have been authored by professional active traders. Get started now!

    Forex Trading Strategies

    Sole knowledge of one or another indicator and taking into account its isolated signal tends to be insufficient in order to achieve success in the global markets. Welcome to Binary Tribune’s Trading Strategy guide .

    Price Action Trading

    We would like to present to you Binary Tribune’s Price Action Trading Guide. It provides a look at global markets from a different perspective for free. The guide encompasses a number of topics regarding trading both in trending and non-trending markets. You are welcome to begin!

    Technical Forex Trading Indicators

    We would like to present to you Binary Tribune’s Technical Forex Trading Indicators guide. Technical analysis is a field of extreme depth and variety. In this guide we provide an extensive compilation of technical indicators, which may suit the trading style of any trader.

    Day Trading

    With our Binary Tribune Day Trading Academy we aim to get you acquainted with one of the most popular trading styles and to continuously guide you through the process of becoming a better trader.

    Meta Trader 4 Guide

    MetaTrader 4 – the platform which earned the trust and respect of retail Forex traders worldwide. Learn all the functions and discover an array of options, which may improve your trade results in Binary Tribune’s MetaTrader 4 guide.

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    We are launching our Binary Tribune’s Social Trading Academy. The goal of this guide is to introduce the idea of social trading to anyone who is interested in making money by utilizing the knowledge and skills of others.

    Binary Options Academy

    Welcome to Binary Tribune’s Binary Options Academy. In this guide one may discover a different view of the global markets. Binary Options are instruments, that ideally fit the preferences of a thin-budgeted trader.

    Founded in 2013, Binary Tribune aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators.

    Financial Risk Disclosure

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    Cookie Policy

    This website uses cookies to provide you with the very best experience and to know you better. By visiting our website with your browser set to allow cookies, you consent to our use of cookies as described in our Privacy Policy.

    Copyright 2017 Binary Tribune. All Rights Reserved

    Business financing options #business #financing #options


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    Financing

    What is ‘Financing’

    Financing is the act of providing funds for business activities. making purchases or investing. Financial institutions and banks are in the business of financing as they provide capital to businesses, consumers and investors to help them achieve their goals. The use of financing is vital in any economic system, as it allows companies to purchase products out of their immediate reach.

    BREAKING DOWN ‘Financing’

    There are two main types of financing for companies: debt and equity. Debt must be paid back, but it is often cheaper than raising capital due to tax considerations. Equity does not need to be paid back, but it relinquishes ownership to the shareholder. Both debt and equity have their advantages and disadvantages. Most companies use a combination of both to finance operations.

    Equity Financing

    Equity is another word for ownership. For example, the owner of a grocery store chain needs to grow operations. Instead of debt, the owner would like to sell a 10% stake in the company for $100,000. Companies like equity because the investor bears all the risk; if the business fails, the investor gets nothing. At the same time, giving up equity is giving up control. Equity investors want to have a say in how the company is operated, especially in difficult times. So, in exchange for ownership, an investor gives his money to a company and receives some claim on future earnings. Some investors are happy with growth in the form of share price appreciation; they want the share price to go up. Other investors are looking for principal protection and income in the form of regular dividends.

    Debt Financing

    Most people are familiar with debt as a form of financing because they have car loans or a mortgages. Debt is also a common form of financing for new businesses. Debt financing must be repaid, and lenders want to be paid a rate of interest in exchange for the use of their money. Some lenders require collateral. For example, assume the owner of the grocery store also decides that she needs a new truck and must take out a loan for $40,000. The truck can serve as collateral against the loan, and the grocery store owner agrees to pay 8% interest to the lender until the loan is paid off in five years. Debt is easier to obtain for small amounts of cash needed for specific assets, especially if the asset can be used as collateral. While debt must be paid back even in difficult times, the company retains ownership and control over business operations.

    Car Financing Options #auto #body #paint


    #auto financing
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    Car Financing Options

    You’re sitting in the dealership when the salesperson asks, “So, how are you going to finance your new car?”

    The question leaves you a little confused. What is he really asking?

    In the car business, the term financing is loosely used to mean that the dealership will either provide you with an auto loan to buy the car or lease the car to you. The opposite of “financing a car” would be buying it outright with one cash payment.

    Although you can take out a bank loan to finance your car, many people like the convenience of getting a loan through the dealership. They can walk in, choose a car, fill out a credit application and drive away in a new car. They can do this at night or on the weekends when banks and credit unions are closed.

    In exchange for this service, the dealer will often charge you more for your auto loan. How much more? That depends. If you have sterling credit, you might get a competitive interest rate and be eligible for special programs that lower your cost. However, if you have bad credit, or no credit, the dealer might charge a much higher interest rate for taking what is perceived as a risk on loaning you money.

    So, going back to the salesperson’s question, “How are you going to finance your new car?” your answer could be one of three things:

    1. “I want to buy the car.”
    2. “I want to lease the car.”
    3. “I will be paying cash for the car.”

    Let’s look in more detail at each of these financing options so you can know what to expect at the dealership:

    “I want to buy the car.”

    If you decide to buy the car and you want the dealership to help you finance it, you will be asked to fill out a credit application. Based on your credit score. an auto loan will be arranged through the dealership’s lending institution based on the negotiated price of the car and related expenses (sales tax, title and licensing fees). Loaning money is big business, and most auto manufacturers have their own companies to arrange car loans. For example, Nissan cars are often financed through Nissan Motor Acceptance Corp.

    You will probably be asked how quickly you want to pay off your new car. Most auto loans are from three to five years — 36 to 60 monthly payments. Different lengths of time can be arranged, if desired. Obviously, the longer you take to pay off the loan, the lower the payments will be. In addition, the amount of your monthly payment will depend on the interest rate, the length of the loan and the amount of your down payment. Keep in mind that the dealership will urge you to make a large down payment.

    While you are paying off the balance you owe on your car, the lending institution will hold the car’s title. Once all the payments are made, the car’s title is sent to you and you finally own the car.

    “I want to lease the car.”

    If you decide to lease the car, you will also be asked to fill out a credit application. Based on your credit score, and the length of the auto lease you want, the dealer will shop for a lease for you. Using a sophisticated computer program, numerous banks will be contacted. Each bank will have different terms and conditions.

    You will need to decide how long you want to lease for (we strongly recommend three years). Also, you need to decide how much you want to pay upfront (we recommend you pay as little as possible to start the lease — tell the dealer you want to pay “drive-off fees only”).

    Most auto lease contracts allow you to drive the car 12,000 miles a year. If you typically drive more than this, ask that the car lease be written for 15,000 miles or even 18,500 miles. This will raise your monthly payments but save you money in the long run.

    Your contract will contain a residual price for the car you are leasing. When you have made all the lease payments, you can then buy the car for this residual price (or you can sometimes negotiate an even lower price to buy the car for). If you decide to return the car to the leasing company, they may charge you for excessive wear and tear to the vehicle. If the car is in great shape, you can get your security deposit back or use it to start the lease of another new car.

    “I will be paying cash for the car.”

    Paying cash for a new car makes the transaction very simple — all you need to do is negotiate the price of the car and then write the dealer a check for this amount. This removes several variables from the negotiation process: the down payment, the interest rate and the monthly payment. Negotiating in this manner means the dealership can’t disguise the true cost of the car.

    Wait a second, you say, who has the dough sitting around to buy a new car outright? What we’re really saying is to borrow the cash from an outside source so you can be a “cash buyer” at the dealership.

    There are many lending institutions that make loans for new cars. Up2Drive.com will even arrange a loan over the Internet. Again, the process begins with filling out a credit application. If approved, you will be given a credit limit and issued a check (sometimes called a draft or bank draft ) that can be made out to a dealership. The lending institution will hold the car’s title while you make all the agreed-upon payments. When the balance is paid off, you will get the car’s title.

    That is an overview of the credit process you are likely to encounter at the dealership. There are several different strategies for buyers to reduce their costs at the dealership. For more information on these subjects, review the other finance and credit stories available on Edmunds.com.

    Best Vehicle Finance, Car and Auto Finance Options Online – Auto Refin SA #auto #repair #manual


    #auto refinance
    #

    Welcome to Auto Refin

    Autorefin Vehicle and Asset Finance

    Autorefin Vehicle and Asset Finance (AVF) is a market leader in finance and refinance of cars, vehicles, bikes, boats, caravans and recreational vehicles. We also facilitate safe and secure private to private vehicle and asset finance, and our refinance division have saved consumers millions of rand`s in interest and reduced instalments since our inception in 2009. We operate across the whole of S.A, with satellite offices in all major provinces.

    Our dedicated FAIS and FICA accredited consultants will come to you, whether it be at your place of work or home, ensuring that your Vehicle Finance experience is as smooth and pleasurable as possible. We have a team of dedicated consultant to assist you from the initial application right through to explaining the process and any other questions you might have. You can also make use of our Live chat for instant assistance on any questions you might have. Autorefin (AVF) will make sure you get the best rate and deal on your next vehicle, bike, caravan, boat or Private Car Finance transaction.

    Contact us today for all your car and vehicle finance requirements, be it vehicle refinance or purchasing a new or a used vehicle.

    Jobs – Salaries after MBA #jobs #after #mba, #salary #after #mba, #job #opportunities #after #mba #how #to #get #the #right #job #after #mba #working #after #mba #job #options #after #mba #right #job #after #management


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    Job Opportunities after MBA in India – Career, Scope and Salary

    Before jumping to the conclusion that a Masters in Business Administration (MBA) is the right path for you, stop and ask yourself why. The hunky-dory vision of life after MBA may not be so easy after all. Not every management graduate receives a royal welcome. One must have one’s goal in place to be able to establish a solid and successful career after an MBA .

    The usual reasons for doing an MBA:

    • It earns you more money
    • It gives you a promotion in your job
    • It helps you quit a job that sucks

    But in order to pursue an MBA and to feel truly satisfied by doing so, you must take a more cognitive view:

    Why pursue an MBA

    • To launch a progressive career
    • To make a shift in career, if you already are an experienced professional
    • To nurture an innovative outlook
    • To network with the best in the market
    • To add a brand value to yourself
    • To enhance personal growth
    • To start a business/ start-up/ turn entreprenuer
    • To move geographically

    Top jobs after an MBA

    Once you know why you want an MBA degree, you should be prepared with a knowledge base of jobs that require this degree. Based on that, you may nurture your career interest. Client relations, consulting, business planning, resource or system analysis may be a part of your job profile, but let’s take a more specific view of the job opportunities after an MBA:

    1. Banking Finance : This includes security investment analysis and portfolio management. These jobs, available with banks, security firms, insurance companies, and various financial organizations, require a professional to make right choices about investments. Related job profiles are in Corporate Treasury, Business Operations and Credit Analysis. Such jobs are typically offered by companies such as Goldman Sachs, J.P. Morgan, Nomura, RBS, Barclays etc.

    Other job opportunities in banks are for Commercial Banking, Liabilities Product Management, Cards Management, Transaction Banking, Corporate Banking, Compliance, Wholesale Risk, Credit Risk, Relationship Management and Treasury. Banks like ICICI Bank, Yes Bank, Kotak Bank, Axis Bank, State Bank of India, HDFC Bank and RBL hire MBA graduates for such roles.

  • Information System Management : This requires a more technology-focused candidate, day someone with an MBA in Information Systems. Such candidates identify fresh and up-to-date technologies to serve an organization better. They provide a thorough cost analysis for use of the right technology while working with financial and managerial departments.
  • Investment Banking: This is a job in demand. Companies that hire for this role include SBI Capital Markets, Motilal Oswal Bank of America Continuum among many others. The right candidate functions as an underwriter. He/she has to connect investors to fund-needing organizations. The candidate must have the acumen to analyze what fits best for the client. They deal with acquisitions and mergers as well as clients. Other job profiles include those in Treasury, Securities and Investment Management .

    These being the top three options, there are more job opportunities for an MBA graduate :

  • Management Consulting : If you are a problem solver, this is the job that suits you best. A management consultant specifically solves organizational issues, while embracing fresh ideas and new methods of problem-solving. Firms that hire for such roles include Cognizant Business Consulting, Bain (BCC), KPMG, PwC, Infosys Management Consulting, Michael Page, Deloitte, PeopleStrong, Cartesian Consulting many more.
  • Private Equity : Just like investment banking, your investment acumen comes into action in a private equity job profile. Companies that recruit are Religare, Magma Fincorp, DE Shaw, Indiabulls Housing Finance, Kotak Life, Angel Broking, ICICI Prudential Asset Management, Bajaj Finserv, Kotak Wealth Management, JPMorgan Chase, Axis Securities, Fidelity Investments, Fullerton etc.
  • Data analytics: With the digital revolution, making sense out of “big data” is becoming increasingly important for all kinds of businesses be it banking, retail, e-commerce or management. As a result many business schools have now started offering data analytics as an important part of their MBA programs. Companies like Fractal Analytics, LatentView Analytics hire MBA graduates as data scientists or data analysts. ( Also read: Colleges in India offering Business Analytics programs )
  • Entrepreneurship : An MBA enhances your ability to be an entrepreneur. Be a fresh graduate or an experienced professional, choosing your career becomes easy with an MBA in your kitty. ( Also read: 10 Business Schools in India teaching Entrepreneurship )
  • The beautiful entrance to the Indian Institute of Management, Indore; Image Courtesy: byjus.com

    Pay package for MBA graduates from top B-schools

    There has been only a marginal rise in the pay package as reported by the top B-schools in India. Click on each college to know more about their placements. The 2016 pay scale has been illustrated in the table below:

    3 Bad Credit Car Financing Options: Best Auto Loans for Low Credit Scores. #auto #brokers


    #auto financing for bad credit
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    3 Bad Credit Car Financing Options: Best Auto Loans for Low Credit Scores

    The first place you may think of looking for bad credit car financing is on the Internet, and that s not a bad place to start. You will easily find individual auto finance firms online, or perhaps auto loan supermarkets, which have you fill out your requirements before posting them to a list of lenders who will consider your loan.

    1. Auto Loan Direct Lenders

    These finance companies will sometimes tell you that seeking to finance a car with bad credit is easy, but the reality is often less positive. Remember that accepting an application is not the same as confirming a loan. However, such lenders will consider the nature of your poor credit situation. If it can be shown to be temporary or situational, you may be able to improve your rating. If you can offer a larger down payment, this may also improve your chances of getting a loan.

    2. Guaranteed Auto Financing Car Dealers

    Guaranteed financing is the type of loan you will typically get from a dealer at a used car showroom. Very often, your credit history will not be an issue. It is the dealer who provides you with the loan for your car. You will need to make payments to the dealer, usually weekly and in person. This is a common way to finance a car with bad credit. It has the advantages of dealing with someone in person, making manageable weekly payments and, usually, avoiding credit checks. However, this finance method is usually only available on used cars with a relatively low value. Terms are usually over short periods of 12 to 24 months. If you fail to make payments, the owner will immediately repossess the car. If you need to restore your credit score, guaranteed financing won t help show regular payments, as such dealers rarely report payments to the credit bureaus.

    3. No Credit Auto Loans

    The best option when you re trying to finance a car with bad credit, may be to face up to your real situation provided you re determined to improve your payment record. No credit and bad credit auto loans are available from some legitimate finance companies. Look for companies that specialize only in such loans and carry a high rating from the Better Business Bureau.

    These companies accept that you may have a poor credit record, or no credit record, and aim to help you establish a good record with the loans they are able to provide. The system works because they have developed special relationships with auto dealers. Once you have been accepted, you will be invited to visit one of the affiliated car dealerships to choose your car.

    Remember that even the most cooperative auto loan company will require you to show that you re able to take on a loan commitment. You will need to show recent wage slips and you should offer as much money as you can for a down payment. You will also likely be asked for cash to cover car insurance.

    It can be tough to finance a car with bad credit, but if you use persistence and present the right attitude, the deals are out there to be found.

    Car Loan Options: Used Auto Loans vs. New Car Loans #auto #financing


    #auto loans
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    Auto Loan: New Used Car Loan Options

    Most people today need a loan when they buy a new or used car and the high cost of many vehicles often means that consumers spend years paying off the auto loan. The average length of a car loan at the start of 2015 was 67 months, about five months longer than it was in 2010.

    The trend is going even longer with 30% of car loans now stretched between 72 and 84 months. The average amount financed in 2015 was $28,711 with average monthly payments of $485, a record high for both length of loan and amount financed.

    Types of Auto Loans

    Not all car loans are alike. The most common types of car loans include:
    • Simple Interest Loans are the most common type of auto financing available. The interest rate is based on the outstanding balance of the loan. Borrowers can save on interest costs by paying more than their standard

    monthly payment.

  • Pre-Computed Loans refer to financing where all interest and principal payments are pre-calculated before the borrower and lender agree and sign the paperwork. Although this loan was widely used in the past, most people don’t opt for this restrictive method of financing because it doesn’t allow for early repayment of the loan.
  • Much more risky is borrowing money based on equity in the car you already own. These car title loans mostly appeal to people who have fallen on hard times and need cash they cannot borrow elsewhere. Interest rates on these short-term loans can be sky-high, and a borrower who fails to pay can find himself deeper in debt and at risk of losing his car.

    Now that you understand the various loan options available for purchasing a car, buyers have a number of potential sources for securing the necessary financing.

    The most common places to secure auto loans are:
    • Banks. Getting financed through a bank is typically the easiest route because commercial and private banks have large pools of capital. A bank could be your best bet if you are looking for the lowest interest rate. Banks can also be a quicker and more convenient source for car loans because they are structured to make a large number of transactions in a short period of time.
    • Credit Unions. These nonprofit organizations can offer competitive interest rates, but you need to be a member to utilize their services. Criteria for membership varies, but credit unions may focus on people who work in specific industries, live in a certain area or belong to a particular group.
    • Car Dealerships. Car dealerships offer financing to help sell cars. They often have established relationships with lenders, which can help you get a loan quickly and without a lot of legwork on your part. Keep in mind, however, that dealers typically make a considerable profit on loans, so it pays to understand the interest rate and other terms being offered.
    • Home Equity Loans. These are an alternative to a traditional auto loan. Financial institutions often lend money to borrowers based on the equity in their homes, called a home equity loan. This money can be used for many purposes but a popular one with many borrowers is buying a new or used vehicle. One particularly attractive feature is that interest on these loans is typically tax-deductible.

    How Does Car Loan Interest Work?

    The typical automobile loan is calculated using simple interest, meaning you pay interest only on the principal owed.

    This is similar to the method used in repaying mortgages and student loans, but vastly different from the method used with credit cards, where compound interest creates a much larger bill for the borrower.

    For example, a simple interest automobile loan of $18,000 at an interest rate of 9.9 percent (typical in 2015 for someone with credit score of 640) would mean monthly payments of $332.55 and cost $23,944 when the loan is paid off.

    Compare that to the same loan, using compound interest. The $18,000 loan would end up costing $32,522. Interest payments alone would be $14,523. That is why credit card debt builds so rapidly and why you should insist on a simple interest loan when buying a car.

    Car Loan Rate Tied To Credit Score

    Your credit score determines how much of the car a lender is willing to finance. You probably have heard advertisements for “zero percent interest” from dealers. They do exist, but you must have a credit score of 750 or higher to get them.

    If you have bad credit (such as a credit score under 550), the best you can hope for is they will finance 80% of the car’s value and you will have to make up the remaining 20% with a down payment.

    Credit scores and interest rates operate in a see-saw fashion on auto loans. As your credit score rises, the interest rate you pay drops. If your credit score drops, the interest rate goes up.

    For example, in 2015, a credit score of 740 would get you a 72-month loan at 2.9%. A credit score 100 points lower (640) and you’ll be paying 9.9%. Drop another 20 points to 620 and the rate goes up to 12.49%.

    To put that in dollar terms, if you finance $18,000 for the car, the difference between a very good credit score (740) and an average score (640) is $4,311 over the life of the loan. The difference between the very good and poor score (620) is $6,035 over the course of six years.

    Car Loan With Bad Credit

    It is not impossible to buy a new car with bad credit, but lending institution can make it very difficult and definitely expensive.

    Lenders know they are at considerable risk by making car loans to people with bad credit or no credit so they take as many steps as possible to minimize the danger. It is not unusual for them to ask for a substantial down payment and charge an interest rate that is at least 10 points higher than someone with good credit pays.

    This allows the banks to get closer to break even if the borrower defaults on the loan two or three years after purchase. A car loan is a secured, which means the vehicle serves as collateral on the debt. If you fail to make your payments, the lender can seize it as payment. This is much safer for the lender than unsecured debt, such as a credit card account. where the lender has only the card-holder’s promise to pay.

    A borrower with bad credit has some financing choices, but they are limited. The borrower’s best recourse is to start with a clean record, meaning pay off any outstanding car loans and other debts before shopping for a new car. That not only improves your credit score, it allows time to save up a down payment. Another option is a shorter loan term. Although the average car loan is 72 months or longer, ask for a 48-month term and the interest rate will drop by a percentage point or two.

    The next possible option is to save until you have a large down payment. If you can cover at least 20-30 percent of the cost with a down payment and take advantage of any dealer incentives and rebates when buying the car, you help avoid being in an upside-down position when financing the car. You may still have to pay double-digit interest rates at the start of a loan, depending on your credit score, but two or three years down the road, you can look for an opportunity to refinance the loan when your credit score has improved.

    If you have poor or no credit you should also consider purchasing a used car that is 1-to-3 years old. You would enjoy a sizeable reduction in price, which means borrowing less and paying less interest in the process. The good news is that interest rates on financing a late model car should be similar, if not exactly the same, as purchasing the car new.

    Negotiating A Better Car Deal

    There may be room to negotiate the final price of the car, but there is little or no room to bargain when it comes to financing the car.

    Smart buyers know their credit score before they start looking for a car and use that information to get pre-approved for a loan from their bank or credit union.

    When you decide the car model you want to buy, it’s possible to take the terms from your bank into the dealership and ask them to beat it, but only if your credit score supports it.

    Most dealerships have relationships of their own with banks and credit unions, but use a customer’s credit score as the measuring stick for what interest rate to charge on the loan. It’s possible there might be a light difference, but seldom enough to change a deal.

    What About Leasing?

    As car costs have risen, leasing has become a popular alternative to buying. In recent years, leases have comprised more than 30% of new vehicle transactions.

    On the surface, leasing and buying with a loan may look similar. Both involve payments over time, but what you are buying is different.

    With a car loan, you eventually will pay off the loan and own the car. Your payments end and you have the option of keeping the car as long as you like — or as long as you can keep it running – or selling it.

    With a lease, you likely will have a lower down payment, lower monthly payments and lower maintenance costs compared to taking out an auto loan. This is part of the appeal of a lease.

    However, at the end of the lease you do not own the car. At this point you have two options: buy the vehicle, which can require taking out a loan, or begin a whole new lease

    Car Financing Options #auto #tires #prices


    #auto financing
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    Car Financing Options

    You’re sitting in the dealership when the salesperson asks, “So, how are you going to finance your new car?”

    The question leaves you a little confused. What is he really asking?

    In the car business, the term financing is loosely used to mean that the dealership will either provide you with an auto loan to buy the car or lease the car to you. The opposite of “financing a car” would be buying it outright with one cash payment.

    Although you can take out a bank loan to finance your car, many people like the convenience of getting a loan through the dealership. They can walk in, choose a car, fill out a credit application and drive away in a new car. They can do this at night or on the weekends when banks and credit unions are closed.

    In exchange for this service, the dealer will often charge you more for your auto loan. How much more? That depends. If you have sterling credit, you might get a competitive interest rate and be eligible for special programs that lower your cost. However, if you have bad credit, or no credit, the dealer might charge a much higher interest rate for taking what is perceived as a risk on loaning you money.

    So, going back to the salesperson’s question, “How are you going to finance your new car?” your answer could be one of three things:

    1. “I want to buy the car.”
    2. “I want to lease the car.”
    3. “I will be paying cash for the car.”

    Let’s look in more detail at each of these financing options so you can know what to expect at the dealership:

    “I want to buy the car.”

    If you decide to buy the car and you want the dealership to help you finance it, you will be asked to fill out a credit application. Based on your credit score. an auto loan will be arranged through the dealership’s lending institution based on the negotiated price of the car and related expenses (sales tax, title and licensing fees). Loaning money is big business, and most auto manufacturers have their own companies to arrange car loans. For example, Nissan cars are often financed through Nissan Motor Acceptance Corp.

    You will probably be asked how quickly you want to pay off your new car. Most auto loans are from three to five years — 36 to 60 monthly payments. Different lengths of time can be arranged, if desired. Obviously, the longer you take to pay off the loan, the lower the payments will be. In addition, the amount of your monthly payment will depend on the interest rate, the length of the loan and the amount of your down payment. Keep in mind that the dealership will urge you to make a large down payment.

    While you are paying off the balance you owe on your car, the lending institution will hold the car’s title. Once all the payments are made, the car’s title is sent to you and you finally own the car.

    “I want to lease the car.”

    If you decide to lease the car, you will also be asked to fill out a credit application. Based on your credit score, and the length of the auto lease you want, the dealer will shop for a lease for you. Using a sophisticated computer program, numerous banks will be contacted. Each bank will have different terms and conditions.

    You will need to decide how long you want to lease for (we strongly recommend three years). Also, you need to decide how much you want to pay upfront (we recommend you pay as little as possible to start the lease — tell the dealer you want to pay “drive-off fees only”).

    Most auto lease contracts allow you to drive the car 12,000 miles a year. If you typically drive more than this, ask that the car lease be written for 15,000 miles or even 18,500 miles. This will raise your monthly payments but save you money in the long run.

    Your contract will contain a residual price for the car you are leasing. When you have made all the lease payments, you can then buy the car for this residual price (or you can sometimes negotiate an even lower price to buy the car for). If you decide to return the car to the leasing company, they may charge you for excessive wear and tear to the vehicle. If the car is in great shape, you can get your security deposit back or use it to start the lease of another new car.

    “I will be paying cash for the car.”

    Paying cash for a new car makes the transaction very simple — all you need to do is negotiate the price of the car and then write the dealer a check for this amount. This removes several variables from the negotiation process: the down payment, the interest rate and the monthly payment. Negotiating in this manner means the dealership can’t disguise the true cost of the car.

    Wait a second, you say, who has the dough sitting around to buy a new car outright? What we’re really saying is to borrow the cash from an outside source so you can be a “cash buyer” at the dealership.

    There are many lending institutions that make loans for new cars. Up2Drive.com will even arrange a loan over the Internet. Again, the process begins with filling out a credit application. If approved, you will be given a credit limit and issued a check (sometimes called a draft or bank draft ) that can be made out to a dealership. The lending institution will hold the car’s title while you make all the agreed-upon payments. When the balance is paid off, you will get the car’s title.

    That is an overview of the credit process you are likely to encounter at the dealership. There are several different strategies for buyers to reduce their costs at the dealership. For more information on these subjects, review the other finance and credit stories available on Edmunds.com.

    Auto Loan Options #used #cars #under #2000


    #poor credit auto loans
    #

    Bad Credit Auto Loans

    We specialize in auto loans for people with bad credit. We have been helping consumers secure financing online for more than a decade, and we have set ourselves apart by not only getting you approved, but by obtaining the largest loan amounts at the lowest interest rates available! Before you apply anywhere else READ THIS: Why us?

    Need An Auto Loan And Have Bad Credit?

    Good credit, bad credit, no credit, bankruptcy, repossession, divorce, child support, self-employed, Tax Liens, Disability, Retired, Social Sec. … are no problem at AutoLoanOptions.com! Check out our Bad Credit Auto Loan checklist to learn more about your particular credit situation.

    Finding The Best Bad Credit Auto Loans

    Don’t let your credit rating keep you from getting approved for financing. Our national network of special finance online lenders, approved dealer partners and sub-prime auto finance companies make getting approved quick, easy and private. All from the comfort of your own home! APPLY NOW to get approved. No matter what your credit situation is, we have AUTO LOAN OPTIONS  for you!

    ________________________________________________

    Our bad credit auto loans experts can help you after divorce, bankruptcy, and even repossession. These car loan experts will help you get the auto loan you need for the car you deserve.

    Why spend hours in a dealership just to be told that there is nothing that can be done for you? Does this sound familiar? Most car dealers simply do not cater to bad credit consumers, or do not have the strongest subprime banks signed up. In most cases their finance managers lack the ability to structure bad credit car loans correctly; so they focus on easy good credit loans. Most do not even take the appropriate time to interview the customers with credit issues. It’s often the case that lenders will approve consumers with bad credit if they can understand the situations that led to the poor payment history. This lack of expertise often leaves customers feeling guilty or embarrassed as they are denied financing. Acquiring bad credit auto loans should not be an embarrassing process. In fact… customers with less than perfect credit are definitely in the “norm” these days. LEARN MORE

    We at AutoLoanOptions.com are the best in the business at getting good people with bad credit approved for auto loans!

    Why wait. We Can Help..  Apply Online for your bad credit auto loan!

    Car Loan Options: Used Auto Loans vs. New Car Loans #cheap #cars


    #auto loans
    #

    Auto Loan: New Used Car Loan Options

    Most people today need a loan when they buy a new or used car and the high cost of many vehicles often means that consumers spend years paying off the auto loan. The average length of a car loan at the start of 2015 was 67 months, about five months longer than it was in 2010.

    The trend is going even longer with 30% of car loans now stretched between 72 and 84 months. The average amount financed in 2015 was $28,711 with average monthly payments of $485, a record high for both length of loan and amount financed.

    Types of Auto Loans

    Not all car loans are alike. The most common types of car loans include:
    • Simple Interest Loans are the most common type of auto financing available. The interest rate is based on the outstanding balance of the loan. Borrowers can save on interest costs by paying more than their standard

    monthly payment.

  • Pre-Computed Loans refer to financing where all interest and principal payments are pre-calculated before the borrower and lender agree and sign the paperwork. Although this loan was widely used in the past, most people don’t opt for this restrictive method of financing because it doesn’t allow for early repayment of the loan.
  • Much more risky is borrowing money based on equity in the car you already own. These car title loans mostly appeal to people who have fallen on hard times and need cash they cannot borrow elsewhere. Interest rates on these short-term loans can be sky-high, and a borrower who fails to pay can find himself deeper in debt and at risk of losing his car.

    Now that you understand the various loan options available for purchasing a car, buyers have a number of potential sources for securing the necessary financing.

    The most common places to secure auto loans are:
    • Banks. Getting financed through a bank is typically the easiest route because commercial and private banks have large pools of capital. A bank could be your best bet if you are looking for the lowest interest rate. Banks can also be a quicker and more convenient source for car loans because they are structured to make a large number of transactions in a short period of time.
    • Credit Unions. These nonprofit organizations can offer competitive interest rates, but you need to be a member to utilize their services. Criteria for membership varies, but credit unions may focus on people who work in specific industries, live in a certain area or belong to a particular group.
    • Car Dealerships. Car dealerships offer financing to help sell cars. They often have established relationships with lenders, which can help you get a loan quickly and without a lot of legwork on your part. Keep in mind, however, that dealers typically make a considerable profit on loans, so it pays to understand the interest rate and other terms being offered.
    • Home Equity Loans. These are an alternative to a traditional auto loan. Financial institutions often lend money to borrowers based on the equity in their homes, called a home equity loan. This money can be used for many purposes but a popular one with many borrowers is buying a new or used vehicle. One particularly attractive feature is that interest on these loans is typically tax-deductible.

    How Does Car Loan Interest Work?

    The typical automobile loan is calculated using simple interest, meaning you pay interest only on the principal owed.

    This is similar to the method used in repaying mortgages and student loans, but vastly different from the method used with credit cards, where compound interest creates a much larger bill for the borrower.

    For example, a simple interest automobile loan of $18,000 at an interest rate of 9.9 percent (typical in 2015 for someone with credit score of 640) would mean monthly payments of $332.55 and cost $23,944 when the loan is paid off.

    Compare that to the same loan, using compound interest. The $18,000 loan would end up costing $32,522. Interest payments alone would be $14,523. That is why credit card debt builds so rapidly and why you should insist on a simple interest loan when buying a car.

    Car Loan Rate Tied To Credit Score

    Your credit score determines how much of the car a lender is willing to finance. You probably have heard advertisements for “zero percent interest” from dealers. They do exist, but you must have a credit score of 750 or higher to get them.

    If you have bad credit (such as a credit score under 550), the best you can hope for is they will finance 80% of the car’s value and you will have to make up the remaining 20% with a down payment.

    Credit scores and interest rates operate in a see-saw fashion on auto loans. As your credit score rises, the interest rate you pay drops. If your credit score drops, the interest rate goes up.

    For example, in 2015, a credit score of 740 would get you a 72-month loan at 2.9%. A credit score 100 points lower (640) and you’ll be paying 9.9%. Drop another 20 points to 620 and the rate goes up to 12.49%.

    To put that in dollar terms, if you finance $18,000 for the car, the difference between a very good credit score (740) and an average score (640) is $4,311 over the life of the loan. The difference between the very good and poor score (620) is $6,035 over the course of six years.

    Car Loan With Bad Credit

    It is not impossible to buy a new car with bad credit, but lending institution can make it very difficult and definitely expensive.

    Lenders know they are at considerable risk by making car loans to people with bad credit or no credit so they take as many steps as possible to minimize the danger. It is not unusual for them to ask for a substantial down payment and charge an interest rate that is at least 10 points higher than someone with good credit pays.

    This allows the banks to get closer to break even if the borrower defaults on the loan two or three years after purchase. A car loan is a secured, which means the vehicle serves as collateral on the debt. If you fail to make your payments, the lender can seize it as payment. This is much safer for the lender than unsecured debt, such as a credit card account. where the lender has only the card-holder’s promise to pay.

    A borrower with bad credit has some financing choices, but they are limited. The borrower’s best recourse is to start with a clean record, meaning pay off any outstanding car loans and other debts before shopping for a new car. That not only improves your credit score, it allows time to save up a down payment. Another option is a shorter loan term. Although the average car loan is 72 months or longer, ask for a 48-month term and the interest rate will drop by a percentage point or two.

    The next possible option is to save until you have a large down payment. If you can cover at least 20-30 percent of the cost with a down payment and take advantage of any dealer incentives and rebates when buying the car, you help avoid being in an upside-down position when financing the car. You may still have to pay double-digit interest rates at the start of a loan, depending on your credit score, but two or three years down the road, you can look for an opportunity to refinance the loan when your credit score has improved.

    If you have poor or no credit you should also consider purchasing a used car that is 1-to-3 years old. You would enjoy a sizeable reduction in price, which means borrowing less and paying less interest in the process. The good news is that interest rates on financing a late model car should be similar, if not exactly the same, as purchasing the car new.

    Negotiating A Better Car Deal

    There may be room to negotiate the final price of the car, but there is little or no room to bargain when it comes to financing the car.

    Smart buyers know their credit score before they start looking for a car and use that information to get pre-approved for a loan from their bank or credit union.

    When you decide the car model you want to buy, it’s possible to take the terms from your bank into the dealership and ask them to beat it, but only if your credit score supports it.

    Most dealerships have relationships of their own with banks and credit unions, but use a customer’s credit score as the measuring stick for what interest rate to charge on the loan. It’s possible there might be a light difference, but seldom enough to change a deal.

    What About Leasing?

    As car costs have risen, leasing has become a popular alternative to buying. In recent years, leases have comprised more than 30% of new vehicle transactions.

    On the surface, leasing and buying with a loan may look similar. Both involve payments over time, but what you are buying is different.

    With a car loan, you eventually will pay off the loan and own the car. Your payments end and you have the option of keeping the car as long as you like — or as long as you can keep it running – or selling it.

    With a lease, you likely will have a lower down payment, lower monthly payments and lower maintenance costs compared to taking out an auto loan. This is part of the appeal of a lease.

    However, at the end of the lease you do not own the car. At this point you have two options: buy the vehicle, which can require taking out a loan, or begin a whole new lease

    Auto Loan Options #find #a #car


    #poor credit auto loans
    #

    Bad Credit Auto Loans

    We specialize in auto loans for people with bad credit. We have been helping consumers secure financing online for more than a decade, and we have set ourselves apart by not only getting you approved, but by obtaining the largest loan amounts at the lowest interest rates available! Before you apply anywhere else READ THIS: Why us?

    Need An Auto Loan And Have Bad Credit?

    Good credit, bad credit, no credit, bankruptcy, repossession, divorce, child support, self-employed, Tax Liens, Disability, Retired, Social Sec. … are no problem at AutoLoanOptions.com! Check out our Bad Credit Auto Loan checklist to learn more about your particular credit situation.

    Finding The Best Bad Credit Auto Loans

    Don’t let your credit rating keep you from getting approved for financing. Our national network of special finance online lenders, approved dealer partners and sub-prime auto finance companies make getting approved quick, easy and private. All from the comfort of your own home! APPLY NOW to get approved. No matter what your credit situation is, we have AUTO LOAN OPTIONS  for you!

    ________________________________________________

    Our bad credit auto loans experts can help you after divorce, bankruptcy, and even repossession. These car loan experts will help you get the auto loan you need for the car you deserve.

    Why spend hours in a dealership just to be told that there is nothing that can be done for you? Does this sound familiar? Most car dealers simply do not cater to bad credit consumers, or do not have the strongest subprime banks signed up. In most cases their finance managers lack the ability to structure bad credit car loans correctly; so they focus on easy good credit loans. Most do not even take the appropriate time to interview the customers with credit issues. It’s often the case that lenders will approve consumers with bad credit if they can understand the situations that led to the poor payment history. This lack of expertise often leaves customers feeling guilty or embarrassed as they are denied financing. Acquiring bad credit auto loans should not be an embarrassing process. In fact… customers with less than perfect credit are definitely in the “norm” these days. LEARN MORE

    We at AutoLoanOptions.com are the best in the business at getting good people with bad credit approved for auto loans!

    Why wait. We Can Help..  Apply Online for your bad credit auto loan!

    Car Financing Options #auto #parts #usa


    #auto financing
    #

    Car Financing Options

    You’re sitting in the dealership when the salesperson asks, “So, how are you going to finance your new car?”

    The question leaves you a little confused. What is he really asking?

    In the car business, the term financing is loosely used to mean that the dealership will either provide you with an auto loan to buy the car or lease the car to you. The opposite of “financing a car” would be buying it outright with one cash payment.

    Although you can take out a bank loan to finance your car, many people like the convenience of getting a loan through the dealership. They can walk in, choose a car, fill out a credit application and drive away in a new car. They can do this at night or on the weekends when banks and credit unions are closed.

    In exchange for this service, the dealer will often charge you more for your auto loan. How much more? That depends. If you have sterling credit, you might get a competitive interest rate and be eligible for special programs that lower your cost. However, if you have bad credit, or no credit, the dealer might charge a much higher interest rate for taking what is perceived as a risk on loaning you money.

    So, going back to the salesperson’s question, “How are you going to finance your new car?” your answer could be one of three things:

    1. “I want to buy the car.”
    2. “I want to lease the car.”
    3. “I will be paying cash for the car.”

    Let’s look in more detail at each of these financing options so you can know what to expect at the dealership:

    “I want to buy the car.”

    If you decide to buy the car and you want the dealership to help you finance it, you will be asked to fill out a credit application. Based on your credit score. an auto loan will be arranged through the dealership’s lending institution based on the negotiated price of the car and related expenses (sales tax, title and licensing fees). Loaning money is big business, and most auto manufacturers have their own companies to arrange car loans. For example, Nissan cars are often financed through Nissan Motor Acceptance Corp.

    You will probably be asked how quickly you want to pay off your new car. Most auto loans are from three to five years — 36 to 60 monthly payments. Different lengths of time can be arranged, if desired. Obviously, the longer you take to pay off the loan, the lower the payments will be. In addition, the amount of your monthly payment will depend on the interest rate, the length of the loan and the amount of your down payment. Keep in mind that the dealership will urge you to make a large down payment.

    While you are paying off the balance you owe on your car, the lending institution will hold the car’s title. Once all the payments are made, the car’s title is sent to you and you finally own the car.

    “I want to lease the car.”

    If you decide to lease the car, you will also be asked to fill out a credit application. Based on your credit score, and the length of the auto lease you want, the dealer will shop for a lease for you. Using a sophisticated computer program, numerous banks will be contacted. Each bank will have different terms and conditions.

    You will need to decide how long you want to lease for (we strongly recommend three years). Also, you need to decide how much you want to pay upfront (we recommend you pay as little as possible to start the lease — tell the dealer you want to pay “drive-off fees only”).

    Most auto lease contracts allow you to drive the car 12,000 miles a year. If you typically drive more than this, ask that the car lease be written for 15,000 miles or even 18,500 miles. This will raise your monthly payments but save you money in the long run.

    Your contract will contain a residual price for the car you are leasing. When you have made all the lease payments, you can then buy the car for this residual price (or you can sometimes negotiate an even lower price to buy the car for). If you decide to return the car to the leasing company, they may charge you for excessive wear and tear to the vehicle. If the car is in great shape, you can get your security deposit back or use it to start the lease of another new car.

    “I will be paying cash for the car.”

    Paying cash for a new car makes the transaction very simple — all you need to do is negotiate the price of the car and then write the dealer a check for this amount. This removes several variables from the negotiation process: the down payment, the interest rate and the monthly payment. Negotiating in this manner means the dealership can’t disguise the true cost of the car.

    Wait a second, you say, who has the dough sitting around to buy a new car outright? What we’re really saying is to borrow the cash from an outside source so you can be a “cash buyer” at the dealership.

    There are many lending institutions that make loans for new cars. Up2Drive.com will even arrange a loan over the Internet. Again, the process begins with filling out a credit application. If approved, you will be given a credit limit and issued a check (sometimes called a draft or bank draft ) that can be made out to a dealership. The lending institution will hold the car’s title while you make all the agreed-upon payments. When the balance is paid off, you will get the car’s title.

    That is an overview of the credit process you are likely to encounter at the dealership. There are several different strategies for buyers to reduce their costs at the dealership. For more information on these subjects, review the other finance and credit stories available on Edmunds.com.

    Auto loans and financing options for new used car customers #dorman #auto #parts


    #auto lenders
    #

    We find you the best available auto loan in your area – period!

    AutoLoanLocator.com has one goal: to find you the best auto loan options in your area. We work around the clock to make sure that auto loan customers of any credit type will have financing options available to them when they need it. We have been building our auto loan assistance network for over 10 years now, and it is still 100% FREE TO USE.

    Have you been trying to purchase a car from an auto dealership, or a private party but have been declined every place you turn? We specialize in lenders and auto dealerships that accept credit applications from all types of customers. We know how frustrating it can be trying to find the cash you need to purchase your next vehcile, so we make the approval process as quick and easy as possible. We will shop around to find you the best deal we can.

    Instant Approvals On New/Used Autos

    With new or used auto loan financing from AutoLoanLocator.com, you can shop at any franchised dealer in your state like a cash buyer! Drive home a great auto loan with the most competitive rates available. Get online approval in minutes, with NO Application or Lender Fees, NO Obligation, and NO HASSLE!

    Refinancing Your Current Auto Loan

    Options Auto Trading System Service #used #minivans


    #auto trading
    #

    Iron Condor 1 vs Iron Condor 2

    Monthly Cash Thru Options IC1 service autotrades through several on-line brokers. Autotrading is a service where your brokerage account is traded automatically based on recommendations published by Monthly Cash Thru Options.

    At the end of each monthly cycle, we send an auto-trade report to our auto-trade subscribers. To see an example report please click on AutotradeReport .

    The IC1 Service currently offers auto-trading through TD Ameritrade . eOption . tradeMONSTER/OptionsHouse . TradingBlock , Autoshares and Global Autotrading that autotrades through Interactive Brokers . If you are interested in our auto-trading program and don’t see your broker listed, please contact us and we’ll contact your broker to see if they support auto-trading.

    The process of setting-up an IC1 autotrade account is as follows:

    1) Fund your brokerage account. The minimum level to start with for autotrading is $6,500, where $5k would be traded for the month and $1500 is reserves (about 25% to 30% of what is being traded). In addition, it is recommended to keep reserve cash in the account at all times. Another example would be to fund the account with $13k where $10k would be traded for the month and $3k is reserves. The MCTO Team will autotrade accounts up to $200k. If you are interested in trading more than $200k, please contact us at 408-375-9890 and we can discuss the MCTO managed funds.

    2) Within your broker s website, log into your account, navigate to the autotrade area, select MCTO as the newsletter provider, select the Iron Condor 1 service, select specific dollar amount , and then enter the amount of cash you would like to allocate to each trade that we send in. We place a maximum of 5 trades per month that require cash in the autotrade accounts. (we actually open up to 10 credit spreads each month, but the first 5 spreads require the cash) As an example, if you were to set your autotrade rule to $2k, you would be trading $10k for the month. You would also need 25% reserve cash of the amount that you are trading, or $2500 for this example, so you would have $12,500 in the account. (it s NOT recommended to select % of buying power when setting the autotrade rule). Another example would be to set your autotrade rule to $4k; in this case you would be trading $4k x 5 = $20k for the month; you would need $5k in reserve cash, for a total of $25k in the account. For more information about Iron Condor 1 versus Iron Condor 2 please go here .

    3) Set your autotrade amount in increments of $1000. Working off of the previous example, the next level up would be setting your autotrade rule to $5k per trade where you would be trading $25k per month and you would have about $6k in reserve cash for a total of $31k in the account.

    4) You may adjust your autotrade rule at anytime, even mid-cycle when trades are already open.

    5) When we need to access to the reserve cash, we ll send in a 6th trade alert, and then possibly a final 7th trade alert, which will allow us to access all of the reserve cash. This usually happens 1 to 2 times per year.

    6) It s recommended to start small and grow your account over time as you gain understanding and confidence in our analysis and how we execute our trades. Credit spreads represent a long term strategy where it s a marathon, not a sprint.

    7) After you set up your autotrade rule in your brokerage account, the broker will contact MCTO and alert us that your account is ready to be auto-traded and is pending.

    8) Sign up as a paying subscriber to the MCTO autotrade service. To learn more about packaging and pricing please go to the Subscribe page. Unfortunately, the 30 day free trial does not apply to auto-trade accounts; however, we do offer a $5 first month special for autotrade subscribers. MCTO will then approve the autotrade rule and your autotrade account will be activated.

    9) If you are auto-trading in an IRA or Roth IRA account, because moving cash into and out of the account is prohibited, you’ll need to hold your reserve cash in the same brokerage account. If you have any questions about how to set up an IRA account or regular taxed account, please call us toll-free at 877-248-7455.

    Funding Options for Bad Credit Risks #international #auto


    #auto loans for people with bad credit
    #

    7 Ways Franchises Help Franchisees Obtain Financing

    For better or worse, your credit score has become your SAT score when it comes to financing. If you have a high score, you ll have a pretty easy time getting credit offers from a wide variety of funding sources. If your score is low or nonexistent, however, you won t.

    But a low score isn t something you can run away from, and even if you avoid it, it won t go away. The trick is to fund your business in ways that actually get your score back on track so when you re ready to move your business to the next stage, your score will start opening doors rather than getting them slammed in your face.

    Here are some ideas for entrepreneurs with low scores who are faced with funding challenges:

    1. Look beyond credit cards and bank loans for financing. Studies show that credit card and bank financing account for just 25 percent of the total funding needs of early-stage entrepreneurs. This statistic should provide you some comfort, because it implies that 75 percent of the money you need can come from other sources that rely less on your credit rating.

    While there are credit cards and lending programs designed for individuals with poor credit, these options will typically charge a higher interest rate to compensate for the credit risk posed by a sub-prime borrower. One bank option for those with poor credit scores is a home equity line of credit, though I d be wary of putting your home on the line to finance a risky early-stage venture.

    2. Seek loans from your relatives and friends. Everyone likes the idea of entrepreneurship, which may be why, at some point, more than 50 percent of all business owners get financing help from friends and relatives. Chances are, your relatives and friends want to see you succeed and may be able to help make your business dream a reality. They also may not dwell on your poor credit score because they trust you, or they believe your business concept to be sound. (Banks used to evaluate your character and business conditions the way family and friends still do, but credit scoring models have made lending decisions more automated, resulting in the critical power your credit score holds over you.)

    If you follow the advice I have shared in previous columns on identifying private lenders and understanding their risk profile. you should be able to get access to cheap, quick and patient business capital. Also, you can now use private loans from relatives, friends and business associates to rebuild your credit score if you use a loan management company to service the loan and report payments to credit bureaus.

    3. Investigate microlenders and web-based lenders. There are several nonbank lenders on the internet that now offer microloans to entrepreneurs. These loans are typically in the $5,000 to $25,000 range. Some of these sites are excellent sources of capital for those with poor credit and will also report your payments to credit bureaus which can help raise your credit score if you make timely payments. Be sure to shop around and compare rates since each site offers a twist on how they price loans and spread risk to their lenders/investors. These sites include:

    For borrowers who don t have strong credit scores, the interest rates on loans from these sources will tend to be high. For a comparison, the average rate on business loans from relatives and friends is currently at 7.6 percent, according to CircleLending s Business Private Loan Index, whereas the rate was more than 12 percent at Accion and more than 20 percent at Prosper for individuals with poor credit.

    If you re accustomed to credit-card-level interest rates, these rates may seem affordable, but remember this: You can make partial payments on credit card debt whereas installment loan agreements may restrict you from making partial payments.

    There may be subsidized microlenders in your state that offer more flexible terms; since they re small, they may not have a website or web-based loan application form, however, and may be hard to find. Check www.microenterpriseworks.org to search for nonprofit organizations in your community that have programs for business owners with poor credit. Most states now have at least one microlender. For some business owners, flexibility of repayment is more important than getting a slightly lower rate.

    4. Don t overlook gifts and grants. If you need to avoid making debt payments, focus on getting free money in the form of gifts and grants. Your search will be long and hard–despite what you read on the internet, there is no silver bullet here. Be wary of services that promise to locate government grant programs for you. You ll need to do your homework to locate programs that are available for your type of business. Health-care businesses, technology companies, and retail businesses in low-income areas tend to qualify for grant money. Other forms of free money include gifts from relatives, free office space from former employers, and free services from friends or business associates. If you re creative, you can reduce your startup costs by brainstorming a list of people who would be willing to provide you with gifts and subsidized loans.

    Car Loan Options: Used Auto Loans vs. New Car Loans #usa #auto


    #auto loans
    #

    Auto Loan: New Used Car Loan Options

    Most people today need a loan when they buy a new or used car and the high cost of many vehicles often means that consumers spend years paying off the auto loan. The average length of a car loan at the start of 2015 was 67 months, about five months longer than it was in 2010.

    The trend is going even longer with 30% of car loans now stretched between 72 and 84 months. The average amount financed in 2015 was $28,711 with average monthly payments of $485, a record high for both length of loan and amount financed.

    Types of Auto Loans

    Not all car loans are alike. The most common types of car loans include:
    • Simple Interest Loans are the most common type of auto financing available. The interest rate is based on the outstanding balance of the loan. Borrowers can save on interest costs by paying more than their standard

    monthly payment.

  • Pre-Computed Loans refer to financing where all interest and principal payments are pre-calculated before the borrower and lender agree and sign the paperwork. Although this loan was widely used in the past, most people don’t opt for this restrictive method of financing because it doesn’t allow for early repayment of the loan.
  • Much more risky is borrowing money based on equity in the car you already own. These car title loans mostly appeal to people who have fallen on hard times and need cash they cannot borrow elsewhere. Interest rates on these short-term loans can be sky-high, and a borrower who fails to pay can find himself deeper in debt and at risk of losing his car.

    Now that you understand the various loan options available for purchasing a car, buyers have a number of potential sources for securing the necessary financing.

    The most common places to secure auto loans are:
    • Banks. Getting financed through a bank is typically the easiest route because commercial and private banks have large pools of capital. A bank could be your best bet if you are looking for the lowest interest rate. Banks can also be a quicker and more convenient source for car loans because they are structured to make a large number of transactions in a short period of time.
    • Credit Unions. These nonprofit organizations can offer competitive interest rates, but you need to be a member to utilize their services. Criteria for membership varies, but credit unions may focus on people who work in specific industries, live in a certain area or belong to a particular group.
    • Car Dealerships. Car dealerships offer financing to help sell cars. They often have established relationships with lenders, which can help you get a loan quickly and without a lot of legwork on your part. Keep in mind, however, that dealers typically make a considerable profit on loans, so it pays to understand the interest rate and other terms being offered.
    • Home Equity Loans. These are an alternative to a traditional auto loan. Financial institutions often lend money to borrowers based on the equity in their homes, called a home equity loan. This money can be used for many purposes but a popular one with many borrowers is buying a new or used vehicle. One particularly attractive feature is that interest on these loans is typically tax-deductible.

    How Does Car Loan Interest Work?

    The typical automobile loan is calculated using simple interest, meaning you pay interest only on the principal owed.

    This is similar to the method used in repaying mortgages and student loans, but vastly different from the method used with credit cards, where compound interest creates a much larger bill for the borrower.

    For example, a simple interest automobile loan of $18,000 at an interest rate of 9.9 percent (typical in 2015 for someone with credit score of 640) would mean monthly payments of $332.55 and cost $23,944 when the loan is paid off.

    Compare that to the same loan, using compound interest. The $18,000 loan would end up costing $32,522. Interest payments alone would be $14,523. That is why credit card debt builds so rapidly and why you should insist on a simple interest loan when buying a car.

    Car Loan Rate Tied To Credit Score

    Your credit score determines how much of the car a lender is willing to finance. You probably have heard advertisements for “zero percent interest” from dealers. They do exist, but you must have a credit score of 750 or higher to get them.

    If you have bad credit (such as a credit score under 550), the best you can hope for is they will finance 80% of the car’s value and you will have to make up the remaining 20% with a down payment.

    Credit scores and interest rates operate in a see-saw fashion on auto loans. As your credit score rises, the interest rate you pay drops. If your credit score drops, the interest rate goes up.

    For example, in 2015, a credit score of 740 would get you a 72-month loan at 2.9%. A credit score 100 points lower (640) and you’ll be paying 9.9%. Drop another 20 points to 620 and the rate goes up to 12.49%.

    To put that in dollar terms, if you finance $18,000 for the car, the difference between a very good credit score (740) and an average score (640) is $4,311 over the life of the loan. The difference between the very good and poor score (620) is $6,035 over the course of six years.

    Car Loan With Bad Credit

    It is not impossible to buy a new car with bad credit, but lending institution can make it very difficult and definitely expensive.

    Lenders know they are at considerable risk by making car loans to people with bad credit or no credit so they take as many steps as possible to minimize the danger. It is not unusual for them to ask for a substantial down payment and charge an interest rate that is at least 10 points higher than someone with good credit pays.

    This allows the banks to get closer to break even if the borrower defaults on the loan two or three years after purchase. A car loan is a secured, which means the vehicle serves as collateral on the debt. If you fail to make your payments, the lender can seize it as payment. This is much safer for the lender than unsecured debt, such as a credit card account. where the lender has only the card-holder’s promise to pay.

    A borrower with bad credit has some financing choices, but they are limited. The borrower’s best recourse is to start with a clean record, meaning pay off any outstanding car loans and other debts before shopping for a new car. That not only improves your credit score, it allows time to save up a down payment. Another option is a shorter loan term. Although the average car loan is 72 months or longer, ask for a 48-month term and the interest rate will drop by a percentage point or two.

    The next possible option is to save until you have a large down payment. If you can cover at least 20-30 percent of the cost with a down payment and take advantage of any dealer incentives and rebates when buying the car, you help avoid being in an upside-down position when financing the car. You may still have to pay double-digit interest rates at the start of a loan, depending on your credit score, but two or three years down the road, you can look for an opportunity to refinance the loan when your credit score has improved.

    If you have poor or no credit you should also consider purchasing a used car that is 1-to-3 years old. You would enjoy a sizeable reduction in price, which means borrowing less and paying less interest in the process. The good news is that interest rates on financing a late model car should be similar, if not exactly the same, as purchasing the car new.

    Negotiating A Better Car Deal

    There may be room to negotiate the final price of the car, but there is little or no room to bargain when it comes to financing the car.

    Smart buyers know their credit score before they start looking for a car and use that information to get pre-approved for a loan from their bank or credit union.

    When you decide the car model you want to buy, it’s possible to take the terms from your bank into the dealership and ask them to beat it, but only if your credit score supports it.

    Most dealerships have relationships of their own with banks and credit unions, but use a customer’s credit score as the measuring stick for what interest rate to charge on the loan. It’s possible there might be a light difference, but seldom enough to change a deal.

    What About Leasing?

    As car costs have risen, leasing has become a popular alternative to buying. In recent years, leases have comprised more than 30% of new vehicle transactions.

    On the surface, leasing and buying with a loan may look similar. Both involve payments over time, but what you are buying is different.

    With a car loan, you eventually will pay off the loan and own the car. Your payments end and you have the option of keeping the car as long as you like — or as long as you can keep it running – or selling it.

    With a lease, you likely will have a lower down payment, lower monthly payments and lower maintenance costs compared to taking out an auto loan. This is part of the appeal of a lease.

    However, at the end of the lease you do not own the car. At this point you have two options: buy the vehicle, which can require taking out a loan, or begin a whole new lease

    Best Short Term Car Lease Options #auto #kopen


    #short term auto lease
    #

    Best Short Term Car Lease Options

    October 16, 2013

    When a consumer is in need of a vehicle for a short period of time, a short term car lease may be the best way to go. However, make sure to examine all the options available when considering a short term lease.

    1. Length of Contract

    Due to the short period of time a consumer may need to use a vehicle, many finance companies offer cars that consumers have leased through long-term arrangements that they now wish to terminate. The minimum period for a short-term lease is generally 6 months with the maximum usually being 24 months.

    2. Check out the Fees

    Often, finance companies will reduce or eliminate certain document, filing, disposition and termination fees as an extra incentive when marketing short-term leasing arrangements.

    3. Monthly Payments

    Monthly payments may be much lower than the original lease arrangement when the vehicle has been leased for at least a year. Since payments are determined by depreciation value, the rate for the first year can be up to 30%. This allows for lease assumption at a reduced vehicle value that can benefit a consumer seeking a short-term deal.

    4. No Insurance Needed

    Often many fees, such as insurance. have already been satisfied and the assumer of a lease arrangement can realize additional savings.

    5. Check Restrictions

    Make sure to gain an understanding about any restrictions that carry over from the original lease like operating limitations and excessive mileage charges that may increase the cost of the short term lease.

    Related Questions and Answers

    Is Private Vehicle Leasing Different Than Car Leasing

    Yes, private vehicle leasing is different than car leasing. A private vehicle lease involves taking over a car lease from another driver without contacting the finance company. For example, private vehicle leasing is a possible option if someone needs a short-term lease and does not want to rent a car. In other cases, private vehicle leasing helps drivers with some bumps in their credit histories get cars that they could not otherwise finance. In private vehicle leasing, a binding lease agreement is executed between the person who originally leased the car and the person who wants a private vehicle lease.

    What are the Biggest Drawbacks to Short Term Personal Car Leasing?

    The biggest drawbacks to short term personal car leasing include the potentially higher cost of personal car leasing versus a traditional car lease and the fact that short term personal car leasing does not improve your credit history, as the loan is not in your personal name. In addition, lessees may be reluctant to start a short term personal car lease with someone else. Because if payments are missed, it negatively impacts the credit history of the lessee, not the person who is driving the car. Additionally, as with any car lease, the mileage allowed by a lease is limited, so going over the allotted mileage can result in hefty overage fees.

    Are there any First Time Discounts Available on Your First Vehicle Leasing?

    Yes, there are occasionally first time vehicle leasing discounts available to customers leasing a vehicle for the first time. The range of discounts and leasing options available varies between finance companies. Many finance companies have first time buyer or college graduate programs that offer lower interest rates and loosened credit requirements to help first time vehicle leasing customers get into a car or truck that best fits their needs. For example, General Motors offers a college graduate discount program that offers supplier pricing on the vehicle of the first time lessee’s choice. Volkswagen offers a program that guarantees credit approval for first time vehicle leasing customers who have a college degree and a job offer.

    Auto loans and financing options for new used car customers #auto #part #store


    #auto lenders
    #

    We find you the best available auto loan in your area – period!

    AutoLoanLocator.com has one goal: to find you the best auto loan options in your area. We work around the clock to make sure that auto loan customers of any credit type will have financing options available to them when they need it. We have been building our auto loan assistance network for over 10 years now, and it is still 100% FREE TO USE.

    Have you been trying to purchase a car from an auto dealership, or a private party but have been declined every place you turn? We specialize in lenders and auto dealerships that accept credit applications from all types of customers. We know how frustrating it can be trying to find the cash you need to purchase your next vehcile, so we make the approval process as quick and easy as possible. We will shop around to find you the best deal we can.

    Instant Approvals On New/Used Autos

    With new or used auto loan financing from AutoLoanLocator.com, you can shop at any franchised dealer in your state like a cash buyer! Drive home a great auto loan with the most competitive rates available. Get online approval in minutes, with NO Application or Lender Fees, NO Obligation, and NO HASSLE!

    Refinancing Your Current Auto Loan

    Auto Loan Options #discount #auto #part


    #poor credit auto loans
    #

    Bad Credit Auto Loans

    We specialize in auto loans for people with bad credit. We have been helping consumers secure financing online for more than a decade, and we have set ourselves apart by not only getting you approved, but by obtaining the largest loan amounts at the lowest interest rates available! Before you apply anywhere else READ THIS: Why us?

    Need An Auto Loan And Have Bad Credit?

    Good credit, bad credit, no credit, bankruptcy, repossession, divorce, child support, self-employed, Tax Liens, Disability, Retired, Social Sec. … are no problem at AutoLoanOptions.com! Check out our Bad Credit Auto Loan checklist to learn more about your particular credit situation.

    Finding The Best Bad Credit Auto Loans

    Don’t let your credit rating keep you from getting approved for financing. Our national network of special finance online lenders, approved dealer partners and sub-prime auto finance companies make getting approved quick, easy and private. All from the comfort of your own home! APPLY NOW to get approved. No matter what your credit situation is, we have AUTO LOAN OPTIONS  for you!

    ________________________________________________

    Our bad credit auto loans experts can help you after divorce, bankruptcy, and even repossession. These car loan experts will help you get the auto loan you need for the car you deserve.

    Why spend hours in a dealership just to be told that there is nothing that can be done for you? Does this sound familiar? Most car dealers simply do not cater to bad credit consumers, or do not have the strongest subprime banks signed up. In most cases their finance managers lack the ability to structure bad credit car loans correctly; so they focus on easy good credit loans. Most do not even take the appropriate time to interview the customers with credit issues. It’s often the case that lenders will approve consumers with bad credit if they can understand the situations that led to the poor payment history. This lack of expertise often leaves customers feeling guilty or embarrassed as they are denied financing. Acquiring bad credit auto loans should not be an embarrassing process. In fact… customers with less than perfect credit are definitely in the “norm” these days. LEARN MORE

    We at AutoLoanOptions.com are the best in the business at getting good people with bad credit approved for auto loans!

    Why wait. We Can Help..  Apply Online for your bad credit auto loan!

    Car Loan Options: Used Auto Loans vs. New Car Loans #auto #paints


    #auto loans
    #

    Auto Loan: New Used Car Loan Options

    Most people today need a loan when they buy a new or used car and the high cost of many vehicles often means that consumers spend years paying off the auto loan. The average length of a car loan at the start of 2015 was 67 months, about five months longer than it was in 2010.

    The trend is going even longer with 30% of car loans now stretched between 72 and 84 months. The average amount financed in 2015 was $28,711 with average monthly payments of $485, a record high for both length of loan and amount financed.

    Types of Auto Loans

    Not all car loans are alike. The most common types of car loans include:
    • Simple Interest Loans are the most common type of auto financing available. The interest rate is based on the outstanding balance of the loan. Borrowers can save on interest costs by paying more than their standard

    monthly payment.

  • Pre-Computed Loans refer to financing where all interest and principal payments are pre-calculated before the borrower and lender agree and sign the paperwork. Although this loan was widely used in the past, most people don’t opt for this restrictive method of financing because it doesn’t allow for early repayment of the loan.
  • Much more risky is borrowing money based on equity in the car you already own. These car title loans mostly appeal to people who have fallen on hard times and need cash they cannot borrow elsewhere. Interest rates on these short-term loans can be sky-high, and a borrower who fails to pay can find himself deeper in debt and at risk of losing his car.

    Now that you understand the various loan options available for purchasing a car, buyers have a number of potential sources for securing the necessary financing.

    The most common places to secure auto loans are:
    • Banks. Getting financed through a bank is typically the easiest route because commercial and private banks have large pools of capital. A bank could be your best bet if you are looking for the lowest interest rate. Banks can also be a quicker and more convenient source for car loans because they are structured to make a large number of transactions in a short period of time.
    • Credit Unions. These nonprofit organizations can offer competitive interest rates, but you need to be a member to utilize their services. Criteria for membership varies, but credit unions may focus on people who work in specific industries, live in a certain area or belong to a particular group.
    • Car Dealerships. Car dealerships offer financing to help sell cars. They often have established relationships with lenders, which can help you get a loan quickly and without a lot of legwork on your part. Keep in mind, however, that dealers typically make a considerable profit on loans, so it pays to understand the interest rate and other terms being offered.
    • Home Equity Loans. These are an alternative to a traditional auto loan. Financial institutions often lend money to borrowers based on the equity in their homes, called a home equity loan. This money can be used for many purposes but a popular one with many borrowers is buying a new or used vehicle. One particularly attractive feature is that interest on these loans is typically tax-deductible.

    How Does Car Loan Interest Work?

    The typical automobile loan is calculated using simple interest, meaning you pay interest only on the principal owed.

    This is similar to the method used in repaying mortgages and student loans, but vastly different from the method used with credit cards, where compound interest creates a much larger bill for the borrower.

    For example, a simple interest automobile loan of $18,000 at an interest rate of 9.9 percent (typical in 2015 for someone with credit score of 640) would mean monthly payments of $332.55 and cost $23,944 when the loan is paid off.

    Compare that to the same loan, using compound interest. The $18,000 loan would end up costing $32,522. Interest payments alone would be $14,523. That is why credit card debt builds so rapidly and why you should insist on a simple interest loan when buying a car.

    Car Loan Rate Tied To Credit Score

    Your credit score determines how much of the car a lender is willing to finance. You probably have heard advertisements for “zero percent interest” from dealers. They do exist, but you must have a credit score of 750 or higher to get them.

    If you have bad credit (such as a credit score under 550), the best you can hope for is they will finance 80% of the car’s value and you will have to make up the remaining 20% with a down payment.

    Credit scores and interest rates operate in a see-saw fashion on auto loans. As your credit score rises, the interest rate you pay drops. If your credit score drops, the interest rate goes up.

    For example, in 2015, a credit score of 740 would get you a 72-month loan at 2.9%. A credit score 100 points lower (640) and you’ll be paying 9.9%. Drop another 20 points to 620 and the rate goes up to 12.49%.

    To put that in dollar terms, if you finance $18,000 for the car, the difference between a very good credit score (740) and an average score (640) is $4,311 over the life of the loan. The difference between the very good and poor score (620) is $6,035 over the course of six years.

    Car Loan With Bad Credit

    It is not impossible to buy a new car with bad credit, but lending institution can make it very difficult and definitely expensive.

    Lenders know they are at considerable risk by making car loans to people with bad credit or no credit so they take as many steps as possible to minimize the danger. It is not unusual for them to ask for a substantial down payment and charge an interest rate that is at least 10 points higher than someone with good credit pays.

    This allows the banks to get closer to break even if the borrower defaults on the loan two or three years after purchase. A car loan is a secured, which means the vehicle serves as collateral on the debt. If you fail to make your payments, the lender can seize it as payment. This is much safer for the lender than unsecured debt, such as a credit card account. where the lender has only the card-holder’s promise to pay.

    A borrower with bad credit has some financing choices, but they are limited. The borrower’s best recourse is to start with a clean record, meaning pay off any outstanding car loans and other debts before shopping for a new car. That not only improves your credit score, it allows time to save up a down payment. Another option is a shorter loan term. Although the average car loan is 72 months or longer, ask for a 48-month term and the interest rate will drop by a percentage point or two.

    The next possible option is to save until you have a large down payment. If you can cover at least 20-30 percent of the cost with a down payment and take advantage of any dealer incentives and rebates when buying the car, you help avoid being in an upside-down position when financing the car. You may still have to pay double-digit interest rates at the start of a loan, depending on your credit score, but two or three years down the road, you can look for an opportunity to refinance the loan when your credit score has improved.

    If you have poor or no credit you should also consider purchasing a used car that is 1-to-3 years old. You would enjoy a sizeable reduction in price, which means borrowing less and paying less interest in the process. The good news is that interest rates on financing a late model car should be similar, if not exactly the same, as purchasing the car new.

    Negotiating A Better Car Deal

    There may be room to negotiate the final price of the car, but there is little or no room to bargain when it comes to financing the car.

    Smart buyers know their credit score before they start looking for a car and use that information to get pre-approved for a loan from their bank or credit union.

    When you decide the car model you want to buy, it’s possible to take the terms from your bank into the dealership and ask them to beat it, but only if your credit score supports it.

    Most dealerships have relationships of their own with banks and credit unions, but use a customer’s credit score as the measuring stick for what interest rate to charge on the loan. It’s possible there might be a light difference, but seldom enough to change a deal.

    What About Leasing?

    As car costs have risen, leasing has become a popular alternative to buying. In recent years, leases have comprised more than 30% of new vehicle transactions.

    On the surface, leasing and buying with a loan may look similar. Both involve payments over time, but what you are buying is different.

    With a car loan, you eventually will pay off the loan and own the car. Your payments end and you have the option of keeping the car as long as you like — or as long as you can keep it running – or selling it.

    With a lease, you likely will have a lower down payment, lower monthly payments and lower maintenance costs compared to taking out an auto loan. This is part of the appeal of a lease.

    However, at the end of the lease you do not own the car. At this point you have two options: buy the vehicle, which can require taking out a loan, or begin a whole new lease

    Best Vehicle Finance, Car and Auto Finance Options Online – Auto Refin SA #buying #a #used #car


    #auto refinance
    #

    Welcome to Auto Refin

    Autorefin Vehicle and Asset Finance

    Autorefin Vehicle and Asset Finance (AVF) is a market leader in finance and refinance of cars, vehicles, bikes, boats, caravans and recreational vehicles. We also facilitate safe and secure private to private vehicle and asset finance, and our refinance division have saved consumers millions of rand`s in interest and reduced instalments since our inception in 2009. We operate across the whole of S.A, with satellite offices in all major provinces.

    Our dedicated FAIS and FICA accredited consultants will come to you, whether it be at your place of work or home, ensuring that your Vehicle Finance experience is as smooth and pleasurable as possible. We have a team of dedicated consultant to assist you from the initial application right through to explaining the process and any other questions you might have. You can also make use of our Live chat for instant assistance on any questions you might have. Autorefin (AVF) will make sure you get the best rate and deal on your next vehicle, bike, caravan, boat or Private Car Finance transaction.

    Contact us today for all your car and vehicle finance requirements, be it vehicle refinance or purchasing a new or a used vehicle.

    3 Short Term Car Leasing Options to Consider. #dollar #auto #rental


    #short term auto lease
    #

    3 Short Term Car Leasing Options to Consider

    Short term car leasing is one of the best ways to drastically reduce your monthly car payments. If buying is not all that important to you and you like the thought of trading in your vehicle every few years, a short term car lease is definitely the way to go. When you are looking to lease a new car, 24 months is as short as you can go, but there are ways of securing a 12 or even 6-month car lease if you are willing to undergo a lease takeover. You benefit from a temporary car lease by enjoying extremely low monthly payments and no money down. If you like the idea of owning your car, a short term lease is not for you, nor is a long term lease. Car purchase is the right method in that case.

    How a Lease Functions

    It helps to understand how a lease works to fully see the benefits of a short term car lease. Rather than pay on the entire price of the car as you do when buying, when you lease a car you only pay on the cost of depreciation because the car is guaranteed to have some value when the lease expires. Thus, for a $20,000 car estimated to be worth $12,000 after a two-year period, you will only pay on the $8,000 difference. If you make a down payment, your payment will be even less. There is a finance fee called a money factor, but for short term leases the payments are much lower than if you were to buy the same car. Consider the following 3 options for short term car leasing:

    Leasing a new car in the short term is possible if you agree to a 24-month or a 36-month lease arrangement. You will probably want to use a personal contract hire deal with does not obligate you to making a balloon payment after the lease is expired. Some lease deals will give you a minimum guaranteed future value on the car which is the residual amount the car is guaranteed to be worth when you return it. Provided you don t exceed the mileage or return the car with excessive wear and tear, you ll owe nothing when you return the car. If the car is worth more, you may end up with a rebate.

    12-Month Car Lease

    This types of lease is only possible when you assume or takeover another s lease. You will benefit for two main reasons. First, you will not have to make any down payments or drive-off fees on the car. Second, the monthly payment may be very low even for a great late model vehicle. The person getting rid of the lease is glad to be free of it, so everyone is happy. If you know the car has a high MGFV and it is well taken care of, you may even get a rebate when you return the car that you can turn into a new lease.

    This is an even more short term version of the previous option, only available when you take over a lease. This is a good lease type if you only need a car for a limited time and wish to make low payments.

    Short term car leasing can save you a lot of money provided you are not attached to the idea of car ownership. Evaluate your options for a short term car lease and decide which type is right for you.

    Options Auto Trading System Service


    #auto trading
    #

    Iron Condor 1 vs Iron Condor 2

    Monthly Cash Thru Options IC1 service autotrades through several on-line brokers. Autotrading is a service where your brokerage account is traded automatically based on recommendations published by Monthly Cash Thru Options.

    At the end of each monthly cycle, we send an auto-trade report to our auto-trade subscribers. To see an example report please click on AutotradeReport .

    The IC1 Service currently offers auto-trading through TD Ameritrade . eOption . tradeMONSTER/OptionsHouse . TradingBlock , Autoshares and Global Autotrading that autotrades through Interactive Brokers . If you are interested in our auto-trading program and don’t see your broker listed, please contact us and we’ll contact your broker to see if they support auto-trading.

    The process of setting-up an IC1 autotrade account is as follows:

    1) Fund your brokerage account. The minimum level to start with for autotrading is $6,500, where $5k would be traded for the month and $1500 is reserves (about 25% to 30% of what is being traded). In addition, it is recommended to keep reserve cash in the account at all times. Another example would be to fund the account with $13k where $10k would be traded for the month and $3k is reserves. The MCTO Team will autotrade accounts up to $200k. If you are interested in trading more than $200k, please contact us at 408-375-9890 and we can discuss the MCTO managed funds.

    2) Within your broker s website, log into your account, navigate to the autotrade area, select MCTO as the newsletter provider, select the Iron Condor 1 service, select specific dollar amount , and then enter the amount of cash you would like to allocate to each trade that we send in. We place a maximum of 5 trades per month that require cash in the autotrade accounts. (we actually open up to 10 credit spreads each month, but the first 5 spreads require the cash) As an example, if you were to set your autotrade rule to $2k, you would be trading $10k for the month. You would also need 25% reserve cash of the amount that you are trading, or $2500 for this example, so you would have $12,500 in the account. (it s NOT recommended to select % of buying power when setting the autotrade rule). Another example would be to set your autotrade rule to $4k; in this case you would be trading $4k x 5 = $20k for the month; you would need $5k in reserve cash, for a total of $25k in the account. For more information about Iron Condor 1 versus Iron Condor 2 please go here .

    3) Set your autotrade amount in increments of $1000. Working off of the previous example, the next level up would be setting your autotrade rule to $5k per trade where you would be trading $25k per month and you would have about $6k in reserve cash for a total of $31k in the account.

    4) You may adjust your autotrade rule at anytime, even mid-cycle when trades are already open.

    5) When we need to access to the reserve cash, we ll send in a 6th trade alert, and then possibly a final 7th trade alert, which will allow us to access all of the reserve cash. This usually happens 1 to 2 times per year.

    6) It s recommended to start small and grow your account over time as you gain understanding and confidence in our analysis and how we execute our trades. Credit spreads represent a long term strategy where it s a marathon, not a sprint.

    7) After you set up your autotrade rule in your brokerage account, the broker will contact MCTO and alert us that your account is ready to be auto-traded and is pending.

    8) Sign up as a paying subscriber to the MCTO autotrade service. To learn more about packaging and pricing please go to the Subscribe page. Unfortunately, the 30 day free trial does not apply to auto-trade accounts; however, we do offer a $5 first month special for autotrade subscribers. MCTO will then approve the autotrade rule and your autotrade account will be activated.

    9) If you are auto-trading in an IRA or Roth IRA account, because moving cash into and out of the account is prohibited, you’ll need to hold your reserve cash in the same brokerage account. If you have any questions about how to set up an IRA account or regular taxed account, please call us toll-free at 877-248-7455.