Buying a Second Hand Car With Finance – It’s the Norm
In one sense, buying a second hand car with finance is not only the norm but also the only way to do it, unless you have a nice wad of cash stashed away somewhere!Of course, you could go into your local dealers and try to buy a car with the vegetable produce out of your garden or by swapping some of your spare clothes for it. Good luck if you succeed! Sadly though, car salespeople are notoriously unimaginative and may tediously insist on you paying for the vehicle with something they recognise as finance – i.e. money.This isn’t just an attempt to get a cheap laugh by playing with words and there is a key message here. You can only buy a car (usually!) by doing something that involves putting money into the seller’s bank account. They won’t care two hoots where it came from, but you may need to unless you’re fond of wasting piles of your cash.That’s because, wherever that money comes from, it is ‘finance’. If you pay by cash, you’re financing the purchase yourself. This involves cost to you because the money spent on the car could be put to other uses and possibly in turn generate income for you, even if only in account interest.If you borrow the money from someone else (and excluding the relatively small number of cases where people have a rich relation who will lend money for nothing), then you’re going to have to pay for that loan.The cost of that borrowing is usually called ‘the interest’ although you may also face some administration and servicing charges as well.The good news is that you may not be reduced to begging from relatives you haven’t seen for the past 10 years because there are many institutions around that may be prepared to offer you a loan – in other words help with buying a second hand car with finance. These may include people such as the dealerships, car manufacturers, banks and finance companies etc. You may also be able to use plastic if your credit limit is high enough.The less than good news is that the cost of this borrowing and the ease of obtaining it, can both vary hugely. There are a large number of factors that can affect this and they’re far too numerous to outline here, but your cost of borrowing could be far higher than necessary if you choose the wrong loan.So a key question is “how does one find the best deals”?Well, it may be a simple question but there’s no simple answer. It all depends upon those factors mentioned above and every case is different. Looking at a specific car purchase requirement, the individual’s position and what the best options are in the market, is not easy.That’s why it may be advisable to consult the specialists and seek expert advice.There are specialist car finance websites that have a wide variety of advice, guidance and information. They can often identify where the best deals are to fit your particular circumstances.So if you’re reluctantly resigned to buying a second hand car with finance as opposed to barter or just your winning smile, checking out the specialist sites for deals and help may not be a bad idea.
The Significance of the DVD Advertising Scorecard
The DVD advertising scorecard is a measure for determining the efficiency of using the DVD as a primary marketing tool for promotion.DVD advertising can be seen as an innovative alternative to CD advertising. Both of these media advertising techniques are tools containing catalogues with more advanced features containing images in audio and video qualities. DVD advertising, though somewhat similar to CD advertising, has been regarded to be more astute probably because of the popularity of DVDs among home theatre consumers and markets. But regardless of their distinct qualities, both of the advertising tools would have similar indicators to determine their efficacy in bringing awareness to the target audience.Unlike other forms of advertising, DVD advertising is characterized by having high cost per contact. Promo-DVDs are considered to be expensive largely because of the advancement of technology used. Because of the involvement of exquisite cost, it is only proper to determine the effectiveness of the adverting tool.DVDs are mostly used as advertising tools in the entertainment business. Because of its classification as cinema advertising, this form of advertising has been used by advertisers in targeting audience and markets. In this case, there is a good targeting approach making DVD advertising a viable tool for providing awareness directly to its target market. DVD advertising can be seen as support to advertisers and marketers that use direct marketing approach in advertising campaigns.Advertisers and companies must be aware of the cost in developing this advertising tool. It is vital then to measure the cost prior to and after the stage of the marketing campaign. The cost, budget, and revenues are indicators of DVD advertising belonging to the financial perspective of the DVD advertising scorecard.In the internal business perspective, there should be an involvement of evaluation by the stakeholders. Advertisers and companies must expose the promo material to the management, employees, shareholders, and other internal personnel for evaluation and appreciation before distributing it to the target market. The result of the activity can be used as indicator in the internal business approach of the scorecard.Receiving feedback from stakeholders is as essential as receiving feedback from clients and target audiences. Advertisers and marketers can maintain a record of the number of promo material distributed and a list of potential markets and buyers. From the list, they can conduct inquiry to gain feedback, which is essential in determining the performance and factors for modification and improvement.The customer perspective of the DVD advertising scorecard may include indicators, such as delivery performance to customer by date and volume, customer inquiry rate, and customer feedback. Inquiring the customer about the contents of the DVD advertising can be crucial in determining the quality of feedback and consistency of the advertising campaign.The DVD advertising scorecard includes perspectives to derive the total performance of the marketing campaign. The indicators in DVD advertising are crucial in determining the performance of the perspectives in the scorecard. Using DVD advertising metrics is important to help advertisers determine and plan the contents and features for another DVD advertising campaign.
A Description and History of Accounts Receivable Financing Loans
An accounts receivable financing loan is exactly what it sounds like. Your business can take out a loan against money that is owed to you, so it’s essentially borrowing from yourself. When you need money quickly, it could be that untried option that you’ll actually get approved for. If you find the right bank or lending institution, you might even be able to negotiate reasonable short term repayment and get an affordable interest rate. Some banks right now are offering less than 2% for loans of up to thirty days. That extra month can be a huge boost if you’ve just made a large sale of existing inventory and need cash to purchase additional inventory while you’re waiting for payment on the last sale.The difference between an accounts receivable financing loan and more traditional loans is that banks look at the credit score and payment history of those who owe you money instead of your own history. For those with bad credit or companies just starting out, it may be advantageous to have the bank look at the customers you’re invoicing instead of you when you’re attempting to get your hands on some working capital financing. Traditional loans are always hard to come by, especially in this economic climate, unless you happen to have stellar credit or lots of collateral.What is Factoring?One of the oldest financial practices for merchants having difficulty making ends meet is the sale of accounts receivable for a percentage of what they are worth. This process is known as factoring, because when you sell your accounts receivable, you sell them to a factor. The practice is very common in the debt collection business. That’s why you often hear from multiple collection agencies on the same debt. The first one will attempt collection and then sell it to another agency, one that is actually a factor, for a percentage of the paid value of the debt. They then use the cash to expand their business or purchase debt from other agencies.Your bank may not offer to buy your account receivables outright, since they’re not in the business of purchasing debt, but there are a number of agencies and online sites where you can find someone to take those unpaid invoices off your hands. What you want to do when shopping for this type of loan is to seek out the highest percentage of debt that factors are willing to offer. They won’t pay dollar for dollar, so don’t waste your time asking, but some will give eighty or ninety cents per dollar if they can see a strong likelihood of receiving prompt payment.History of Factoring and Accounts Receivable FinancingThe practice of buying someone’s debt in return for cash goes back to pre-colonial England, when merchants would sell their invoices in return for cash to pay workers and finance trade ventures. Since many of these merchants ran small operations, the credit worthiness of their buyers was evaluated before the money was given. Just as it is today with smaller companies selling goods and services to larger, more credit worthy companies, back then the merchant himself couldn’t get financing unless he had firm commitments from larger distributors and retailers. This early form of accounts receivable financing loan laid the groundwork for what would become an invaluable source of financing in the late 19th and early 20th Century.After the Civil War in the United States, new markets opened up with the development of what was at the time considered advanced technology. The invention of the cotton gin in 1793 had actually given merchants the tool they needed to mass produce textiles, but transportation methods were still primitive. By the 1870′s, steam engines and iron clad ships were making the world a smaller place and telegraph lines made communication much simpler. The industrial revolution began and once again small companies and independent merchants were selling goods and services to larger manufacturers and textile mills. Factors became popular again and banks began to issue their own version of accounts receivable loans.Who are the Best Candidates for AR Financing Loans?The small company with little or no credit selling to the large corporation with an established payment history is the best candidate for this type of loan. As more and more people are using the internet to strike out on their own, the banks see an increase in the number of applicants for this type of funding. Think of the independent programmer designing apps for iPhones or Blackberries. The company buying those apps will probably take a while to make payment for them, but their invoice is considered as good as cash by a financial institution because they have top-of-the-line credit. Take out a thirty day loan against those invoices and you’re looking at an interest rate of as little as.69% in some cases and a maximum of 1.59%.Economic Roadblocks and Reasonable AlternativesWhen the nation or the world is experiencing a period of rapid growth and a growing economy, the banks are more likely to lend money using the accounts payable financing loan option. With the situation being what it is today, you’ll have to show growth within your industry and present invoices that are going to established companies in no danger of going under. Many of the big players in the retail industry, once considered untouchable, have gone out of business in the last few years, victims of over-leveraging during a brutal recession. Banks and other lenders took a hit when those companies defaulted and they are being more cautious now as a result.That is not to say that getting a loan is impossible. Look for short term schedules and ask for smaller amounts when you first start seeking this type of financing. If you have clients or customers who have been established for a while, present their invoices to the bank. They count as collateral. If your clients are relatively obscure and have little or no credit worthiness, try using your credit card sales numbers and ask for a merchant account cash advance. You might have better luck with one of those.Copyright (c) 2010 Trey Markel