Category Archives: Auto Loans
Vehicle Leasing
Some people find it difficult to commit to purchasing a vehicle; when the deal is final, the buyer is obligated to paying on the vehicle for the next 5 to 7 years depending on the terms of the loan. Vehicle leasing is the solution to this; you do not have to be locked into the purchase. Leasing is, in a way, renting something.
When you participate in vehicle leasing, you are borrowing the car for a said amount of time. A car lease is similar to a rent-to-own real-estate deal. You pay monthly on the car and after about 3 years, you have the option to buy the vehicle or a specific sale price. If you decide against purchasing the vehicle, you are not penalized. The dealer will take the car back, and either, sell the vehicle as a used car, or take it back to the auction. You are then free to purchase or lease another vehicle from that same dealership, or a different one.
There are many options available for people wishing to get a car lease. Not all are the same you have to choose the one that is right for you. There are some very great deals sometimes, for instance: lightly used cars, rental cars that have been sold, and fleet vehicle leasing. The price is substantially reduced because the car is used but most are still in tip top shape. In fleet leasing, a company that is upgrading the cars they purchase for mobile employees, sells the old, used cars at a serious bargain. These cars are very lightly used and typically are of very top end models.
Typically, a car lease such as a car lease in Sydney, offers a type called a novated lease wherein there is a great benefit of reduced tax for participants. This is done through a process called “salary packaging” a vehicle. Basically, the lender attaches the monthly leasing payment to the borrowers payroll. The borrower is then vehicle leasing through automatic deductions from their payroll. Also, this is done on a pre-tax basis, therefore reducing the amount of money the employee/borrower is required to pay taxes on. The novated lease is a great opportunity to save a lot of money!
Vehicle leasing is a smart choice for a customer who does not want to be stuck with a car that he/she no longer wants a couple of years down the road. It is great because the participant gets a new car every 2-3 years. This is a very attractive and popular choice for businessmen/businesswomen that travel for work. Some employers will actually pay for the leased vehicle, leaving the employee without payment obligations.
Another great feature about a car lease is that repairs are usually covered. Typical maintenance and light repairs are usually discounted substantially and sometimes no charge depending on the plans available.
Leases can be very convenient and many people worldwide lease, instead of purchase their vehicles. It is always good to weigh the options and get a clear picture of the vehicles total cost. Either way, you will be under contract for a certain amount of time. Therefore, it is best to find a deal you can afford and feel comfortable with paying.
Construction Factoring Explained
{You could qualify for something called construction factoring if you’re a subcontractor working on a project. You are being kept hostage if you are waiting from 30 to 60 to 90 days after you have accomplished a job to get paid by the general contractor or your client. You may be nervous about paying suppliers or employees on time. In today’s economic climate, construction subcontractors will find this one of the worst challenges they will ever face.
New businesses present even more of a problem. You may not even have much operating funds. Nobody can afford to wait that long to be paid, and few people can qualify for a loan due to the tightening credit markets.
With the construction factoring tool, small to mid-sized subcontractors and suppliers will just have to wait about two days to get their invoices settled. This means you will have predictable cash flow. It’s easy to obtain and set up construction factoring, as opposed to bank financing.
Factoring provides with an alternative business financing option to let contractors fulfill their business responsibilities and grow. Invoice factoring speeds up slow paying invoices by financing them through a factoring company.
Here’s how it functions:
* Prior to creating an invoice, a supplier or contractor first delivers the service or product.
* The invoices are sold to the factoring company who pays the money to you.
* Select legitimate construction companies and general constructors to do business with.
* The transaction is finished when the invoices are paid by the client or general contractor. The service would require a factoring charge that’s priced competitively.
* It is simple to select among many factoring companies that is set up do deal with construction factoring.
* Factoring invoices are processed fairly promptly.
Construction factoring can bring in funds for invoices quickly and effectively, offering the necessary cash to meet your present responsibilities, and to also take on bigger jobs.
How does construction factoring function?
Using contractor factoring is a really simple, standard process like:
* Your services and products can be delivered to your client.
* Send an invoice to your client and send a copy to the factoring company.
* The general contractor then checks the invoice.
* You can get an advance of up to 85% from the factoring company.
Different from most bank financing, factoring is easy to obtain and can be set up very rapidly and construction factoring grows with your jobs. In addition, construction invoices has many advantages including the fact that people don’t have to wait to get paid for their work It offers foreseeable cash flow. Construction factoring is simple to employ and can easily be integrated to your business.
Applying to all areas of sub-constructors including: architects, asphalt, carpenters, ceiling, concrete, electrical, drywall, excavators, HVAC / mechanical contractors, paving, plumbing and roofing.
|If you are a subcontractor working on a project, you could qualify for something called construction factoring. You are being held hostage if you are waiting from 30 to 60 to 90 days after you have accomplished a job to get paid by the general contractor or your client. You may be worried about paying suppliers or employees on time. This is among the largest challenges for construction subcontractors, especially in today’s economic climate.
New businesses present even more of a problem. You may not even have much operating cash. Nobody can afford to wait that long to be paid, and few people can qualify for a loan because of the tightening credit markets.
All it needs is two days for small to mid-sized subcontractors to have their invoices settled using a tool called construction factoring. This means you will have predictable cash flow. As opposed to bank financing, construction factoring is simple to set up and obtain.
The bottom line is that factoring provides an alternative business financing option to let contractors grow and also to meet their business obligations. Invoice factoring accelerates slow paying invoices by financing them via a factoring company.
It functions like this:
* A contractor or supplier delivers the product or service, and then sends an invoice.
* The construction factoring company advances the money to you when the invoices are sold to it.
* Business runs better when you do it with reputable general contractors or construction companies.
* After the general contractor (or client) pays your invoices, the transaction is complete. There will be a competitively priced factoring fee associated with the service.
* To deal with construction factoring, it’s easy to select among the numerous factoring companies on hand.
* Factoring invoices are processed relatively promptly.
Construction factoring provides the cash essential to satisfy your present obligations, as well as bring in funds for invoices quickly, so you have the chance to go for bigger jobs.
How does construction factoring function?
A regular, easy procedure is taken when using contractor factoring:
* Your services and products can be presented to your customer.
* Give your customer an invoice, and a replicate of which to the factoring company.
* Invoice verification with the general contractor takes place.
* You can get an advance of up to 85% from the factoring company.
Construction factoring is different from bank financing because it is easy to get and can be set up very quickly. In addition, construction invoices has many benefits including the fact that people don’t need to wait to get paid for their work Foreseeable cash flow is what it provides. Construction factoring can be easily incorporated to your business, and is simple to employ.
Applying to all areas of sub-constructors like: architects, asphalt, carpenters, ceiling, concrete, electrical, drywall, excavators, HVAC / mechanical contractors, paving, plumbing and roofing.}