The Easiest Way to Calculate Auto Loan Repayments

If you are wanting to calculate auto loan repayments yourself then you will need to gain some understanding of the formula used to work out these figures. This formula is a complex series of calculations based on a number of different variables, and unless you have a knowledge of how loan repayments are calculated or have a good head for figures, it can be a complicated process.Traditionally, in order to calculate auto loan repayments, borrowers were required to approach different lenders individually in order to obtain these figures. This was a time consuming chore and one that many online lenders have made a lot quicker and easier with the establishment of online loan calculators. These tools are now found on the websites of a large number of lenders and enable you to calculate auto loan repayments with very little knowledge of the way these figures are obtained.To calculate auto loan repayments using an online calculator, you will be required to enter some standard information. While the appearance of the different online calculators may vary, the information that you will need to enter is generally the same as it is based on the same formula. In order to calculate auto loan repayments using a loan calculator you will need to know the amount you wish to borrow, the interest rate that will be applied to your loan, the number of years you want to take your loan over and how often you want to make your repayments.Once you have entered the relevant information into the loan calculator, you will be able to calculate auto loan repayments with the press of a button. At any stage of this process you will be able to change any of the information in the calculator to see how these different factors will effect your repayment amount. These calculators not only enable you to calculate auto loan repayments, but they will also enable you to choose the right finance options that best suit your individual budget. Not only that, you will be able to easily compare finance packages offered by different lenders simply by altering the interest rate offered by each of them and looking at how this will effect your repayment amount.There are a number of different factors will determine the best finance option for you, and depending on your needs and priorities, the lowest repayment amount may not necessarily be the best one that will meet all your needs. To choose the right auto loan, you will need to consider what you want from a car loan first and then use these online tools to calculate auto loan repayments based on your individual needs. For example, people who are wanting to pay off their car loan in the shortest time possible will find that their repayments will be higher than if they took their loan over a longer period of time. In this situation, people should only calculate auto loan repayments based on the number of years they want to take their loan over. Varying your loan term will only confuse you when you are trying to compare different finance options.Before applying for a car loan, take the time to calculate auto loan repayments in order to find the best finance package for you.

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Is It Better To Get An Auto Loan With A Co-Signer Or Not?

There are a couple reasons it may be better to get an auto loan with a co-signer. If you have not yet established a credit history, you may want to have someone co-sign for you. If you have recently filed bankruptcy or have really bad credit, this may be another reason to get an auto loan with a co-signer.What is a co-signer? A co-signer is a second party that takes on the same responsibility for the auto loan as the person who is buying the car. This may be a parent, other family member or a friend who agrees to sign the car loan papers with you.The co-signee, by law, has full ownership and responsibility for the loan should you as the auto owner default on the loan in any way. If you fail to make the payments, the co-signer will have to make them to avoid damaging their own credit.A co-signee should have an excellent credit rating, along with a high debt to income ratio. A debt to income ratio is a number that the lenders use to determine if the co-signer has enough financial room in their budget to pay all there other bills in addition to your auto loan if necessary.Your auto loan will appear on the co-signer’s credit report just as if it were a loan they took out for themselves. Therefore, to preserve the relationship between you and the co-signer,it is important to communicate and make all the payments faithfully and in a timely manner.Everyone has to start somewhere. If you have never established credit, using a co-signer to get an auto loan can help you begin creating your financial history by building a positive credit score, as well as a strong credit history.Another situation to use a co-signer may be because of a recent bankruptcy. There are times when life hands us situations that take us off our financial track and bankruptcy is necessary. Using a co-signer to get an auto loan may help give you a fresh new start toward rebuilding your credit.It is a good idea in both situations for both you and the co-signee to sit down and go over a few things before making the agreement. Review your financial situation and reveal everything for the co-signer to see. Pull out your check stubs and all your bills for your current financial obligations.Allow the co-signee to be fully aware of this information so he can make a wise choice and possibly help guide you to make better financial decisions. In addition, they can help you decide how much you can reasonably afford for an auto loan. This way, all the cards are on the table and you begin this transaction in an honest and up-front manner.Another great idea will be to include the co-signer on all correspondence pertaining to the auto loan. If there is a website available to track payments, balances and fees, give the co-signer access to this website.Whether you are establishing new credit or rebuilding after a bankruptcy, a co-signee can be a wise choice for your next auto loan.

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Property Investments – How Have Niche Property Investments Performed?

Investment Performance of Niche Property InvestmentsAgain, it is difficult to define the investment performance of the property sector as a whole within the context of this document, due to the wide variety of sub-sectors and regions which must be considered. In the UK for example, residential real estate has delivered markedly different performance for each Investor that has participated depending on their strategy (buy to let/distressed assets/development etc), and residential property as a whole has delivered a different performance to commercial property or student accommodation. The same can be said for every combination of sector, strategy and region, therefore the context of this document does not allow for a detailed analysis of the investment performance of the sector as a whole.Residential – The UK market offers some interesting opportunities, as depressed prices combine with a lack of buyer financing to create a viable rental market that can deliver yields of between 4% and 8% after costs. In other more distressed markets, properties can be acquired with heavy discounts, and rental yields can reach as high as 15% to 20%, although in many cases the quality (and therefore ability to dispose of) such property assets can be questionable, and Investors in these markets might better take advantage of current market dynamics by acquiring properties to refurbish and resell very quickly, capturing the discount as a capital profit and eliminating the long-term liability. Emerging markets also offer opportunities to invest in residential property, and the upside capital growth potential is often attractive, although the location risk associated with acquiring and owning physical property in many countries can be significant. Again, the cash-flow dynamics of direct investments in real estate are often very different from those of securitized investments such as property funds.Commercial- Office space, shopping centres and industrial space have long been the focus of large Institutional Investors seeking stable income and long-term growth prospects. In developed markets where infrastructure is well established, commercial property is viewed as a stable income investment with some growth potential, and in less developed markets potential for growth is higher but so too is the level of risk to capital in terms of location and counterparty risk. The investment performance of commercial property varies from region to region, and across the varying sub-sectors such as office or industrial. One good point of reference for the global performance of commercial property investments is the FTSE UK Commercial Property Indices series encompassing the Retail, Office and industrial Indices; the All Property Index delivered 1.88% in the 12 months to March 2012.Student accommodation – This is a growing sector, driven by demand for reasonable accommodation from University students; as the global population grows, so too will the volume of students attending University who will in turn require suitable accommodation in close proximity to their campus. Investors can purchase units in student blocks, effectively becoming the landlord of the unit themselves, or more often than not entering into an agreement with a management company who will manage the property on their behalf. Direct property investments in the UK student accommodation sector have delivered yields upwards of 10% p.a. There are also a number of funds investing in student accommodation which tend to acquire whole blocks, which investors taking a stake in the fund. The Brandeaux Student Accommodation Fund has delivered an average annual yield of 9.71% p.a., and the Mansion Student Accommodation Sterling Fund delivered an annual performance of 12.14% in 2011.Care homes – Another niche sector that is gaining popularity amongst both institutional and private Investors is care homes, as both seek to correlate the performance of their investments with trends in socio-economic fundamentals such as an ageing global population, and capture financial gains from increasing demand for assisted living accommodation. Investors may purchase units within custom care accommodation and assign day to day management to an operator, or they may choose to invest in a fund specialising in such assets. Direct investments in care homes offer the potential for capital growth and in many cases a “guaranteed” rental income of around 8% p.a., although most opportunities for private Investors tend to be pre-construction projects, adding significant counterparty and strategy risk. Access to investment funds specialising in care homes is severely limited for retail investors, and therefore there is no credible performance data.

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