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Index Funds are Your Friend - Every stock market or stock exchange offers indexed funds and these index funds are more beneficial to you as a new investor as they...

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How To Finance A Car

There comes a time when every working person decides that it’s convenient to buy a car. The advantages to owning a car are several, and need no mention. However the process of owning one is not without complexities. There is much that one needs to know before they can afford the last laugh. Having the right reserve of information at times like these proves advantageous especially when it comes to saving you money.

There is always the minority few who prefer to cough up the full amount to pay for a car instantly. While there are clear advantages to doing this, the dent that is created in the bank account is not something too many people are comfortable with. That is why most go for car financing. There are many options when it comes to this, each with its pros and cons.

Getting pre-approval is always advised. Pre-approval means that you get through for the car loan. If you sort the dealership option when it comes to financing, you can even get to drive the car from the lot after pre-approval. The advantage with financing through the dealership is that you can get better loan terms. However, you have to know the overall details of the loan, together with the interest rates before you sign anything. You also have to deal with seasoned salesmen who are really good at sugar-coating everything they say-even if it means you spending more money. If you have a bad credit rating and are afraid your bank will probably not be too understanding with this, you should consider the dealership option as you get good deals.

But even with that, the bank option should not be away from your list of options. Banks will often try to protect you from extra unnecessary charges common with dealerships and most often throw in some free insurance as well. Look around for good rates which will not be too overburdening for you. The rule here is one- find the shortest repayment period that you can comfortably handle. It will save you much more in the interest than when you go for a prolonged period.

If it’s a new car that you are buying, you best be ready to settle with some high interest rates. If you are experienced, you can go out of your way and get a luxury car, but if it’s your first automobile we are talking about, you better stick to used cars as they are cheaper. That is unless you can afford a high end model.

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Definition of the Day Proof Of Concept

Proof Of Concept – (Proof-of-concept) Referring to the types and applicability, reliability or evidence, verification, confirmation and corroboration, even substantiation, or resilience of data, fact etc. Also called POC, showing its usefulness and applications, features and possibilities, allowing to an extent no to low risk exposure and exploration, prospecting if...

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