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ApnaLoan: Cheap and best car loans; How to negotiate auto finance #how #do #student #loans #work


#cheapest car loan
#

Seven steps to negotiate the best car loan deal

Negotiating a car loan is not that simple as the dealers tend to price in manufacturers and financiers’ discount into the interest rate. Here is a step by step process to negotiate the best car loan deal

Harsh Roongta

14 Aug 2007

For most Indians, buying a car is a dream that comes second only to the dream of owning a house. This dream has become real for many Indians with the arrival of easy financing for car purchase.

The decision to buy a car is, very often, prodded by the promise of easy financing that car dealers advertise. “Do not compromise, you can now own a Toyota Corolla for as little as Rs 10,000/ month” says an advertisement, egging on all with monthly spare money of Rs 10,000 to own the dream Toyota. The mathematics of this foxes the prospective buyer. Is it real?

You decide to check with the dealer. You find the offer is real, but the initial lump sum payment would be large. OK, you say to yourself. I’ll manage that. But what is the interest rate for the loan? The dealer tells you it is 11% and you wonder, how come it is cheaper than a home loan. You prod further and discover that this is really in lieu of the cash discount you could otherwise have got. You are no longer sure whether to believe him or not.

You are not to blame. Car finance can become complex because of the financing deal between the car dealer and the bank.

It will help you negotiate better if you follow the process below:

1) Finalise your decision on the car you want to buy. The interest rates vary from car to car; so, what is available on one car may not be available on another car

2) Fix the amount of vehicle loan you need. Suppose the car costs

Rs 8 lakh on the road and if you are ready to make a down payment of Rs 2 lakh, then freeze your loan requirements at Rs 6 lakh. Interest rates that you get also depend on the loan amount.

3) Ask around for preliminary quotes for the given loan amount for the given car. Freeze on the lowest EMIs that are offered.

4) Now, negotiate on the processing fees. Most times, the processing fees can be waived.

5) Then, start negotiating for cash discounts that can be adjusted against your down payment. The DSAs/dealers will offer to reduce the EMIs, but resist the temptation and insist on a cash discount. Also, the dealer/DSA will offer accessories in lieu of cash discount; again, resist and insist on cash discount.

6) Once you find that the cash discount limit has been reached, you can try for a small freebie on car accessories such as car mats, boot mats etc.

7) Remember to claim your no-claim bonus on the insurance policy for the new car if you have a claim-free record on your existing old car.


Certified Occupational Therapist Assistant Salaries by education, experience, location and more #p #a #salary, #certified #occupational #therapist #assistant #unemployment #insurance #benefits #compensation #unemployed #salary #range #job #search #career #education #salaries #employee #assessment #performance #review #bonus #negotiate #wage #change #advice #california #new #york #jersey #texas #illinois #florida


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Certified Occupational Therapist Assistant Salaries

Alternate Job Titles: Certified Occupational Therapist Assistant

  • What is the average annual salary for Certified Occupational Therapist Assistant?

    How much does a Certified Occupational Therapist Assistant make? The median annual Certified Occupational Therapist Assistant salary is $55,120. as of May 30, 2017, with a range usually between $49,656 – $60,562. however this can vary widely depending on a variety of factors. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Certified Occupational Therapist Assistant in the United States.

    This chart describes the expected percentage of people who perform the job of Certified Occupational Therapist Assistant in the United States that make less than that annual salary. For example the median expected annual pay for a typical Certified Occupational Therapist Assistant in the United States is $55,120, so 50% of the people who perform the job of Certified Occupational Therapist Assistant in the United States are expected to make less than $55,120.

    Source: HR Reported data as of May 30, 2017

    • About this chart

      This chart describes the expected percentage of people who perform the job of Certified Occupational Therapist Assistant that make less than that salary. For example 50% of the people who perform the job of Certified Occupational Therapist Assistant are expected to make less than the median.
      Source: HR Reported data as of June 2017

      Assists an Occupational Therapist with rehabilitative activities for patients who may have developmental, physical and emotional impairments. Prepares equipment for treatment and may perform clerical duties for the department. Requires an associate s degree and passing of a national examination to be a Certified Occupational Therapist Assistant (COTA). Familiar with standard concepts, practices, and procedures within a particular field. Relies on experience and judgment to plan and accomplish goals. Performs a variety of tasks. A limited degree of creativity and latitude is required. Typically reports to an occupational therapist. View full job description


Animator education requirements #animator #education #requirements, #cartoonist #/ #animator #unemployment #insurance #benefits #compensation #unemployed #salary #range #job #search #career #education #salaries #employee #assessment #performance #review #bonus #negotiate #wage #change #advice #california #new #york #jersey #texas #illinois #florida


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Cartoonist / Animator Salaries

Alternate Job Titles: Cartoonist / Animator, Cartoonists and Animators, Cartoonists Animators

  • What is the average annual salary for Cartoonist / Animator?

    How much does a Cartoonist / Animator make? The median annual Cartoonist / Animator salary is $51,107. as of August 03, 2017, with a range usually between $42,626 – $61,802. however this can vary widely depending on a variety of factors. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Cartoonist / Animator in the United States.

    This chart describes the expected percentage of people who perform the job of Cartoonist / Animator in the United States that make less than that annual salary. For example the median expected annual pay for a typical Cartoonist / Animator in the United States is $51,107, so 50% of the people who perform the job of Cartoonist / Animator in the United States are expected to make less than $51,107.

    Source: HR Reported data as of August 03, 2017

    • About this chart

      This chart describes the expected percentage of people who perform the job of Cartoonist / Animator that make less than that salary. For example 50% of the people who perform the job of Cartoonist / Animator are expected to make less than the median.
      Source: HR Reported data as of August 2017

      Provides drawings or animations used in advertising, illustrating ideas and promotional efforts to amuse audiences or to meet other needs. Uses various methods to communicate the organization s efforts through an assortment of freehand artwork. May prepare artwork for printing or mass production. Typically reports to a supervisor or manager. Works on projects/matters of limited complexity in a support role. Work is closely managed. Typically requires 0-2 years of related experience. View full job description


Paralegal I Salaries by education, experience, location and more #paralegal #certification #seattle, #paralegal #i #unemployment #insurance #benefits #compensation #unemployed #salary #range #job #search #career #education #salaries #employee #assessment #performance #review #bonus #negotiate #wage #change #advice #california #new #york #jersey #texas #illinois #florida


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Paralegal I Salaries

Alternate Job Titles: Paralegal I, Law Clerk I, Legal Aid I, Legal Assistant I

  • What is the average annual salary for Paralegal I?

    How much does a Paralegal I make? The median annual Paralegal I salary is $52,824. as of May 30, 2017, with a range usually between $46,712 – $59,646. however this can vary widely depending on a variety of factors. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Paralegal I in the United States.

    This chart describes the expected percentage of people who perform the job of Paralegal I in the United States that make less than that annual salary. For example the median expected annual pay for a typical Paralegal I in the United States is $52,824, so 50% of the people who perform the job of Paralegal I in the United States are expected to make less than $52,824.

    Source: HR Reported data as of May 30, 2017

    • About this chart

      This chart describes the expected percentage of people who perform the job of Paralegal I that make less than that salary. For example 50% of the people who perform the job of Paralegal I are expected to make less than the median.
      Source: HR Reported data as of June 2017

      Provides support to attorneys. Under the direction of an attorney, resolves routine legal issues. Researches and analyzes law sources such as statutes, recorded judicial decisions, legal articles, treaties, constitutions, and legal codes to prepare legal documents, such as briefs, pleadings, appeals, wills, contracts, etc. May require an associate s degree or its equivalent and 0-2 years of experience in the field or in a related area. Has knowledge of commonly-used concepts, practices, and procedures within a particular field. Relies on instructions and pre-established guidelines to perform the functions of the job. Works under immediate supervision; typically reports to an attorney. View full job description


ApnaLoan: Cheap and best car loans; How to negotiate auto finance #government #student #loans


#cheapest car loan
#

Seven steps to negotiate the best car loan deal

Negotiating a car loan is not that simple as the dealers tend to price in manufacturers and financiers’ discount into the interest rate. Here is a step by step process to negotiate the best car loan deal

Harsh Roongta

14 Aug 2007

For most Indians, buying a car is a dream that comes second only to the dream of owning a house. This dream has become real for many Indians with the arrival of easy financing for car purchase.

The decision to buy a car is, very often, prodded by the promise of easy financing that car dealers advertise. “Do not compromise, you can now own a Toyota Corolla for as little as Rs 10,000/ month” says an advertisement, egging on all with monthly spare money of Rs 10,000 to own the dream Toyota. The mathematics of this foxes the prospective buyer. Is it real?

You decide to check with the dealer. You find the offer is real, but the initial lump sum payment would be large. OK, you say to yourself. I’ll manage that. But what is the interest rate for the loan? The dealer tells you it is 11% and you wonder, how come it is cheaper than a home loan. You prod further and discover that this is really in lieu of the cash discount you could otherwise have got. You are no longer sure whether to believe him or not.

You are not to blame. Car finance can become complex because of the financing deal between the car dealer and the bank.

It will help you negotiate better if you follow the process below:

1) Finalise your decision on the car you want to buy. The interest rates vary from car to car; so, what is available on one car may not be available on another car

2) Fix the amount of vehicle loan you need. Suppose the car costs

Rs 8 lakh on the road and if you are ready to make a down payment of Rs 2 lakh, then freeze your loan requirements at Rs 6 lakh. Interest rates that you get also depend on the loan amount.

3) Ask around for preliminary quotes for the given loan amount for the given car. Freeze on the lowest EMIs that are offered.

4) Now, negotiate on the processing fees. Most times, the processing fees can be waived.

5) Then, start negotiating for cash discounts that can be adjusted against your down payment. The DSAs/dealers will offer to reduce the EMIs, but resist the temptation and insist on a cash discount. Also, the dealer/DSA will offer accessories in lieu of cash discount; again, resist and insist on cash discount.

6) Once you find that the cash discount limit has been reached, you can try for a small freebie on car accessories such as car mats, boot mats etc.

7) Remember to claim your no-claim bonus on the insurance policy for the new car if you have a claim-free record on your existing old car.


How to Negotiate a Mortgage Loan Modification With Your Lender #long #term #loan


#mortgage loan modification
#

How to Negotiate a Mortgage Loan Modification With Your Lender

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The U.S. subprime mortgage meltdown that began in late 2007 brought on a severe economic recession. Years later, many households still are trying to work their way back to financial solvency. One of the more important restorative tools is a mortgage loan modification — often one of a group of government-initiated programs under the umbrella of the Home Affordable Modification Program, or HAMP.

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Negotiating a Reduction in the Principal Amount Owing

A loan modification involves one or more of the following: a reduction in the principal amount owing, a lower interest rate and a partial forgiveness of accrued penalties and fees including the good faith payment most lenders require at the beginning of the negotiation process.

Getting the principal amount reduced is toughest. At least one realtor claims that banks doing loan modifications simply won’t reduce principal amounts. This is countered by government HAMP documents. however, that state if the loan amount exceeds 115 percent of the current appraised value of the home, “the servicer must consider whether a Principal Reduction Alternative (PRA). should be effected as one part of the HAMP modification.” If your lender claims not to know about this and your loan qualifies. show her the literature that confirms your right to a principal reduction. In this instance and at every other stage of the negotiation, put your requests in writing and confirm their delivery.

Negotiating a lower interest rate

Depending upon your financial situation, you may be able to obtain a new interest rate of as little as 2 percent. Note that whatever rate you get starts climbing again at 1 percent per year after five years, in most cases for three or four consecutive years.

Realtors with experience in this area claim that in most cases, applicants who complete the loan modification process are able to achieve an interest rate reduction. Those with current loan payment schedules calling for payments that exceed 31 percent of income can achieve the greatest rate reductions, but all borrowers in financial difficulty are eligible for some relief. Read the HAMP documents and determine the interest rate tier you are eligible for, then present these documents as evidence when asking for the reduction.

Negotiating Penalties

Instead of breaking out the penalties and trying to negotiate them as separate items, try for a new reduced loan amount that includes everything. It’s easier to get the penalties to disappear than to get them reduced or forgiven. In a typical instance. one Chase borrower achieved a $250,000 principal balance reduction on a $1.1 million mortgage that included a one-time payment buyout of a $100,000 second mortgage for $20,000. The penalties were absorbed into the lowered principal amount, effectively canceling them.


5 Tips on How to Negotiate a Car Loan #unsecured #loans #for #people #with #bad #credit


#interest rate on car loan
#

5 Tips on How to Negotiate a Car Loan

By Mark Riddix

You have finally settled on buying an automobile. You have found the exact make, model, and color that you want. Now comes the most difficult part: signing the papers. If you don t have your financing in place before visiting the dealership, then you will have to apply for dealer financing. The salesman and finance manager will try to sell you everything from extended warranties to floor mats. You will have to be prepared for the never-ending sales pitch that is about to come. In this post, I am going to delve into how to negotiate a car loan, which is one of the key areas you need to master when trying to take advantage of our 5 tips on how to buy a new or used car from a dealer .

Here are 5 great tips to help you negotiate the best deal:

1. Always negotiate the price.

This may sound simple enough but it can actually be difficult. One trick that is often used by car salesmen is to get you negotiating payments. You will be asked questions like: How much are you looking to pay per month? or What do you want your payment to be? Car salesmen love to negotiate payments as opposed to the actual price of the car. That s because they want to set the price based on the maximum monthly payment that you are willing to pay. If you fall for this tactic, you will end up paying a whole lot more for your car. Negotiate the price, not car payments!

2. Keep your loan term as short as possible.

Dealers have come up with creative financing programs that will allow borrowers to lower their monthly payments. They do this by lengthening the number of years on the auto loan. Today, borrowers are allowed to finance a car for up to 7 years. This is absolutely ludicrous! A car is a depreciating asset and is losing value every year. The best loan term is 4 years or less. The maximum is 5 years. Under no circumstances should you ever take a car loan over 60 months or you could very well find yourself with an upside down car loan .

3. Skip all of the extras.

Finance managers will try to get you to buy every option available. They will sell you gap insurance. rustproofing, fabric protection, extended warranties, paint protection, and car alarms. Many of these are useful items but the dealer markup is ridiculous. They make huge profits by ripping customers off on these products. You can get extended warranties and car alarms cheaper aftermarket. Rustproofing is not essential for modern cars. You can apply Scotchgard and paint protection yourself for a few bucks. Gap insurance is sold at most credit unions for a much lower price.

4. Say no to high interest loans.

Your credit rating will determine the interest rate that you get. Just because your credit is not tip-top does not mean that you have to take a loan with a ridiculously high interest rate. Individuals with good credit will get loans with single digit APRs. Individuals with average credit may get loans at 10% to 12%. Individuals with bad credit will be offered loans at 15% or higher. Many people with bad credit accept loans with interest rates as high as 24%. Never take a loan with exorbitant interest rates. No matter what your credit situation, it is never worth paying usurious interest rates just for the right to own a car.

5. Keep emotions out of your decision.

Buying a car can be an incredibly emotional decision. After you have gone out for a test drive and gotten a whiff of that new car smell, it can be difficult to leave. If the dealership is unwilling to negotiate, you should be prepared to walk away. Remember that they are not doing you a favor by selling you a car. You are paying money for this automobile. Don t allow your feelings to get you stuck in a bad car loan that you will regret for years to come.

Do you have any horror stories from when you negotiated your auto loan? Any additional tips you have for negotiating a car loan?


ApnaLoan: Cheap and best car loans; How to negotiate auto finance #idbi #home #loan


#cheapest car loan
#

Seven steps to negotiate the best car loan deal

Negotiating a car loan is not that simple as the dealers tend to price in manufacturers and financiers’ discount into the interest rate. Here is a step by step process to negotiate the best car loan deal

Harsh Roongta

14 Aug 2007

For most Indians, buying a car is a dream that comes second only to the dream of owning a house. This dream has become real for many Indians with the arrival of easy financing for car purchase.

The decision to buy a car is, very often, prodded by the promise of easy financing that car dealers advertise. “Do not compromise, you can now own a Toyota Corolla for as little as Rs 10,000/ month” says an advertisement, egging on all with monthly spare money of Rs 10,000 to own the dream Toyota. The mathematics of this foxes the prospective buyer. Is it real?

You decide to check with the dealer. You find the offer is real, but the initial lump sum payment would be large. OK, you say to yourself. I’ll manage that. But what is the interest rate for the loan? The dealer tells you it is 11% and you wonder, how come it is cheaper than a home loan. You prod further and discover that this is really in lieu of the cash discount you could otherwise have got. You are no longer sure whether to believe him or not.

You are not to blame. Car finance can become complex because of the financing deal between the car dealer and the bank.

It will help you negotiate better if you follow the process below:

1) Finalise your decision on the car you want to buy. The interest rates vary from car to car; so, what is available on one car may not be available on another car

2) Fix the amount of vehicle loan you need. Suppose the car costs

Rs 8 lakh on the road and if you are ready to make a down payment of Rs 2 lakh, then freeze your loan requirements at Rs 6 lakh. Interest rates that you get also depend on the loan amount.

3) Ask around for preliminary quotes for the given loan amount for the given car. Freeze on the lowest EMIs that are offered.

4) Now, negotiate on the processing fees. Most times, the processing fees can be waived.

5) Then, start negotiating for cash discounts that can be adjusted against your down payment. The DSAs/dealers will offer to reduce the EMIs, but resist the temptation and insist on a cash discount. Also, the dealer/DSA will offer accessories in lieu of cash discount; again, resist and insist on cash discount.

6) Once you find that the cash discount limit has been reached, you can try for a small freebie on car accessories such as car mats, boot mats etc.

7) Remember to claim your no-claim bonus on the insurance policy for the new car if you have a claim-free record on your existing old car.


5 Tips on How to Negotiate a Car Loan


#interest rate on car loan
#

5 Tips on How to Negotiate a Car Loan

By Mark Riddix

You have finally settled on buying an automobile. You have found the exact make, model, and color that you want. Now comes the most difficult part: signing the papers. If you don t have your financing in place before visiting the dealership, then you will have to apply for dealer financing. The salesman and finance manager will try to sell you everything from extended warranties to floor mats. You will have to be prepared for the never-ending sales pitch that is about to come. In this post, I am going to delve into how to negotiate a car loan, which is one of the key areas you need to master when trying to take advantage of our 5 tips on how to buy a new or used car from a dealer .

Here are 5 great tips to help you negotiate the best deal:

1. Always negotiate the price.

This may sound simple enough but it can actually be difficult. One trick that is often used by car salesmen is to get you negotiating payments. You will be asked questions like: How much are you looking to pay per month? or What do you want your payment to be? Car salesmen love to negotiate payments as opposed to the actual price of the car. That s because they want to set the price based on the maximum monthly payment that you are willing to pay. If you fall for this tactic, you will end up paying a whole lot more for your car. Negotiate the price, not car payments!

2. Keep your loan term as short as possible.

Dealers have come up with creative financing programs that will allow borrowers to lower their monthly payments. They do this by lengthening the number of years on the auto loan. Today, borrowers are allowed to finance a car for up to 7 years. This is absolutely ludicrous! A car is a depreciating asset and is losing value every year. The best loan term is 4 years or less. The maximum is 5 years. Under no circumstances should you ever take a car loan over 60 months or you could very well find yourself with an upside down car loan .

3. Skip all of the extras.

Finance managers will try to get you to buy every option available. They will sell you gap insurance. rustproofing, fabric protection, extended warranties, paint protection, and car alarms. Many of these are useful items but the dealer markup is ridiculous. They make huge profits by ripping customers off on these products. You can get extended warranties and car alarms cheaper aftermarket. Rustproofing is not essential for modern cars. You can apply Scotchgard and paint protection yourself for a few bucks. Gap insurance is sold at most credit unions for a much lower price.

4. Say no to high interest loans.

Your credit rating will determine the interest rate that you get. Just because your credit is not tip-top does not mean that you have to take a loan with a ridiculously high interest rate. Individuals with good credit will get loans with single digit APRs. Individuals with average credit may get loans at 10% to 12%. Individuals with bad credit will be offered loans at 15% or higher. Many people with bad credit accept loans with interest rates as high as 24%. Never take a loan with exorbitant interest rates. No matter what your credit situation, it is never worth paying usurious interest rates just for the right to own a car.

5. Keep emotions out of your decision.

Buying a car can be an incredibly emotional decision. After you have gone out for a test drive and gotten a whiff of that new car smell, it can be difficult to leave. If the dealership is unwilling to negotiate, you should be prepared to walk away. Remember that they are not doing you a favor by selling you a car. You are paying money for this automobile. Don t allow your feelings to get you stuck in a bad car loan that you will regret for years to come.

Do you have any horror stories from when you negotiated your auto loan? Any additional tips you have for negotiating a car loan?