Finance Questions

Posts Tagged ‘insurance’

Question: Anyone Know of a buyhere payhere boat place in Tampa Bay or Boat Timeshare Club?

Im looking for a buy here pay here boat dealer in the Tampa Bay area. I want a boat but I dont want to go through the hassel of financing some boat through my credit and then having to get the full insurance and all that. I was a member of a boat time share in Dunedin but they kinda screwed me over and stoped returning my calls when I would call to schedule an outing. Anyone no of either a buy here pay here or Boat Timeshare?

Answer: I think there is one near ruskin. Little Harbor something

So You Want To Buy A Boat – Finance

Question: How tesco credit card works?

Hi all,

I recently moved into UK for work, and I would like to apply for a Tesco Credit Card, because I need to buy about £5000 furniture and appliances for the house I live in.

I’m interested to repay a small amount per month, that’s what the Tesco Credit Card allow to do. However I’m a bit confused about the summary box at

http://www.tescofinance.com/personal/finance/finance/creditcards/clubcc/summary-box.jsp

I hope someone of you can better explain the following:

a) How can I specify the length of my debit, and to who should I tell this? To the seller or is it something I choose via an on line panel or something?
b) On the APR table, I would expect the introductory rate is the one I’ll pay accordingly to the period specified, after that I will start paying the monthly rate. Is this correct?
c) Can I buy everywhere, or the card is bound to Tesco and shopping to their mall only?

Many thanks
Giuseppe

Answer: The Tesco credit card is simply a Tesco branded Visa or MasterCard and works the same as any other credit card.
You need to have been living at your current address for over two years, be in full time employment and have a good credit rating.
If you only pay the minimum amount each month, your balance will take years to pay off because of the interest applied to each month’s outstanding balance

Alex Salmond launches new Tesco HQ in Edinburgh

Question: Any tips on how to finance startup cost for small business with no money down but excellent credit?

We are going to sell autos on eBay motors and off our lot, auto detailing and repairs. We have been to a couple of local banks and just don’t quite seem to fit their criteria. We’ve always been self employed in some form so our tax returns are pathetic. We don’t have any money to put into the business which, well, that’s why we need financing. Am I to believe that a business can’t be started unless you have thousands of your own money to put into it? SBA apparantly requires 25% of the loan amount to be available from us as cash. If I had that money, I probably wouldn’t need much of a loan. Anyway, I’m a bit frustrated because we’re not fitting into the commercial lending ‘box’. We are talented intelligent people with excellent credit but short on cash. Any ideas?

Answer: This is a free capital society —- you are able to raise capital from private investors. “Friends and families” or someone that would really get how lucrative this could be. You don’t need banks at this stage. SHORT SUMMARY—Put the numbers together, a short biz plan, talk to people about having them invest in you and offer your own interest terms using a promissory note or offer stock in your new company. You’ll need the help of someone that has done it or a legal professional but it is VERY common…I’ve raised a million plus. Or get people to invest with their services for a piece of the pie. Any local auto dealers would be interested in your deal? Also, consider doing something smaller to start and scale it up so people will have confidence in investing.

Motor Finance Job

Question: Would you accept a job with General Motors considering the state of the motor industry?

I live in the UK which also has major economic problems as I am sure you are aware. The motor industry is particularly affected by this. General Motors has 2 big sites in the UK and I have a job interview with them to work in the finance team. At the stage in the interview when the interviewer asks if I would like to ask him/her any questions, my first question will be “As somebody who works for GM, are you confident you will still have your job in a years time?”
What are your opinions on this.
Obama is keen to get GM up and running with the 60 days worth of financing. Gordon Brown is keen to get the motor industry up and running with the introduction of the car scrappage scheme that worked well in Germany by increasing car sales by 40%.
Do you think that GM is too big to fail or not? Would you accept a job with them?
I am currently at university. I have about 4 months until I finish. I could accept the job or keep looking for another job.

Answer: GM is not too big to fail. I would not accept a position with them at this point. They are shutting down 13 more plants here in the US. They are going through 1 billion/week just to keep the company going. Even though more Fed Government money is being loaned to them, this is the second time in less than 3 months…with no positive change. (and remember these are loans) They will no doubt declare bankruptcy this year, as will Chrysler. I would continue to job hunt. Remember, the first hired, are the first to be let go. Invest your time elsewhere. (Michigan resident)

Hardie Cars

Question: How can i get a motorcycle loan or finance a bike with poor credit?

My credit is not terrible but its not real good either its like 600 i can not get a personal loan but people have told me its easier to get a motorcycle loan or finance a bike easier than a personal loan

Answer: It’s easy, don’t do it.

You are buying a toy, pay cash.

You will save a fortune in interest payments, and insurance costs.

A loan will charge you about 33% to 100% in debt services for what you buy. You are buying your debtor a third to a whole bike for the one you purchased. With a credit score of 600, you will probably pay 100% in interest to the value of the loan. And the resale value of anything with wheels is atrocious. You lose money no matter what.

If you open a savings account and put away $50 dollars a week, that is $2400 at the end of the year. You can buy a clean used bike in January for that money, and then start saving for the shiny new one you are lusting after.

Then there is insurance. Depending on age, sex, driving record, etc. insurance can run another $200 per month. I pay $75 per year for full coverage on my paid for bike.

Don’t fall for the FICO trap.http://www.daveramsey.com/

EDIT: Look at all the vultures your question attracted.

Motorcycle Financing Tips