Category Archives: Finance

The Pros and Cons of Buying Repossessed Cars

35Let’s be honest, the state of the economy isn’t at its most admirable these days, and a lot of us are struggling financially.  Mortgages, rent, bills; it all adds up to one great big headache.  There is hope in the automobile industry, however, as there are some convenient and affordable options for those looking to buy a new car.

That hope lies in the market of repossessed cars, or repo cars, which can yield a great deal of money when handled correctly.  There are some things to watch out for, though, and this article will go over both the pros and the cons of buying a repossessed car.

One of the biggest pros of buying a repo car is that they are priced very generously from the perspective of the consumer.  If a car has been repossessed by a bank, creditor, or other lending institution, that institution will be trying to recover as much of their investment as is possible, even if that means lowering the price to a seemingly unrealistic rate.

Sometimes a car is repossessed when it is relatively new.  Sometimes life can throw us unexpected curve balls and there are plenty of new car owners that suddenly find themselves unable to meet their financial obligations.  In some cases you can find a repo car with less than 1,000 miles on it, and even as low as 200.

In other cases, however, a repossessed car may be more trouble than it’s worth.  A huge con to the repo car market is that you have to be diligently vigilant when considering the condition of a car.  The vehicle could be loaded with unseen damage, or on the verge of falling apart completely.

A fixer upper is okay if that’s what you’re looking for, but no one wants to buy a lemon – cheap or not.  Basic research suggests that up to 80 percent of repossessed cars are in questionable condition, but they may be worth the low price offered.

Another pro to consider when looking into a repo car is the quick transaction process.  Repossessed vehicles are typically sold at an auction of some sort, so interested buyers can choose their price.  The entity that repossessed the vehicle wants to receive some return on the investment as soon as possible.  Not only will they lower the asking price considerably in order to do this, but they will also make sure that the car changes hands as fast as possible.

There is limited paperwork required when purchasing a repo car to cut back on time spent reading and signing.  When you need a new car you will want to have it in your possession and available to drive, as soon as the deal is done.  That convenience is offered in the industry of repossessed automobiles.

When it comes down to it, you have to ask yourself the following question:  Are the price and speed of a transaction for important that the overall quality of the vehicle?  That’s up to you to decide.  And remember, it is possible to find repo cars in wonderful condition, some so close to new that they still have that new car smell.

But you have to be careful when buying a repo car.  Learn as much about the vehicle as you can, and get it checked out by a mechanic as soon as possible.  Following these steps will ensure that you have an enjoyable and profitable repo car experience.

What You Must Do Before Buying a New Car

34There is no idea more exciting than that of buying a new car. You have looked at your finances, weighed your options and realized buying a car is the best investment you can make. However, when this time comes, it is important that you don’t allow your excitement cloud your judgment. Before walking into a SEAT or Skoda garage, there are a few important things you need to do.

Know what you want and how much you can really afford

In SEAT garage, you will always be spoilt for choice. There are so many models to choose from. The worst thing is that once you test-drive a high-end car, you will have trouble settling for the model that you can really afford. To avoid making regrettable decisions, start by knowing exactly what you want and how much you can afford. If you want a Skoda, only head to the Skoda garage and only consider the models that lie within your budget. Be wary of the accessories. You will be surprised by how scary they can make the final bill.

See the car in person and test drive

Working with an agent is a good thing but you are the only one who knows what you really need. Therefore, before you write the check, make sure you take the time to do your research online, review the car in person and also to test-drive it. Knowing how much your car is really worth can save you from being exploited by the salesperson. Additionally, test-driving your target car will help determine whether it is the right car for you or not.

Salespersons are not mechanics

The fact that the salesperson knows a lot about the cars in the SEAT garage does not mean he knows how powerful the engine is. Therefore, do not be afraid to ask your mechanic to accompany you to the garage for a thorough inspection of your target car.

As a side note, to steer clear of exploitation, get everything in writing. This will give you leverage in case of a misunderstanding later on. You must also choose the garage you feel most comfortable in.

Auto Natie has one of the best SEAT and Skoda garage in Antwerpen. They focus on utter customer satisfaction. To achieve this, they have made their garage a one-stop-shop for car enthusiasts. You can test drive your desired car model, get bodywork and maintenance services and also sell or buy an old car. The support team will help make the best decisions when buying a new or used car.

How to Choose A Classic Car

33For some people, collecting classic cars is a tremendously fun and rewarding hobby but you should also pursue it with eyes wide open. You should primarily research the current market and the car in focus, but you should also be wary of buying one-of-a-kind vehicles. In case the chosen classic car needs restoration, you should be totally committed towards completing the work. You should be prepared with a list of the “Top 10” classic cars that you intend to be part of your collection. Such a list helps you to focus on the efforts in an efficient way.

Always remember that some old vehicles appreciate in value while others are simply idle. If you intend to buy a classic car as an investment, have a good research done on how the carhas previously fared over time.

You should be careful while buying one-of-a-kind vehicles. It is true that cars which were owned by famous people fetch good returns, but there is a down side too. The available market for such type of cars is limited because of the high price tag attached with these vehicles. Also if the previous owner was infamous, it will be difficult to sell it at any outlet as they will be reluctant to invite any controversy with it. In case that such cars were had very limited versions, then any replacement parts will require manufacturing, which can prove to be a costly affair. Counting on the number of cylinders may not prove to be such a right way of judgement. A turbocharged engine with a lesser number a cylinders may give you better speed with less fuel consumption.

While buying a classic car, you should be aware of the business that you are getting into. Only go for a vehicle that needs significant repair and restoration when you have the commitment to restore it.

You need to consult a classic car specialist in London to go through the best available options for you.Keep your list ready before the classic car specialist so that you are sure how to proceed with your purchase. There are certain performance numbers which can be utilized in order to compare one sports car with the other one. The most common of these numbers is the time taken to reach from 0 to 60 mph and anything under 7 seconds is considered to be quick.

3 Most frequent Investment Banking interview questions

Female Lawyer or notary in her office

I’d like to tell you about the top 3 most frequent questions in Investment Banking interviews so that you can prepare the answers, impress the interviewer and land the job. I my 7 year career as a Vice President in a Bulge Bracket Investment Bank I have seen many excellent candidates fail and I want to help you avoid it.
The first one (and these are in no particular order) is how do you calculate an options’ delta?
This is one of the more technical ones you may be asked it during a sales and trading interview but maybe not if you are applying for a corporate finance role.

I would answer “An options’ delta can be calculated in 2 ways, either with the Black Scholes models or numerically”.
By differentiating analytically the formula you can get the sensitivity of the option price to the underlying asset, and that is your delta. Numerically, you can just bump the underlying up or down by a given amount (this method is technically called “finite differences”) and you can figure out how much the option price changes by.

The second question is “why do you want to work for us”?
Every time you get this question you should be jumping up and down out of happiness in your mind. I can guarantee you will get this 99% of your interviews and it’s one of the most important questions overall in an interview. So prepare for it and make sure you have an outstanding answer. Don’t just prepare an answer, prepare and outstanding answer. It needs to be outstanding. Get it?
I usually structure my answer in 3 bullet points, from the most to the least important. Make sure every bullet point has a statement and proof with example from your CV of the statement. One day I may put together a stand-alone piece on how to answer interview questions, but that’s a different topic to itself.

The last most frequently-asked question is “Estimate the annual demand for car batteries in XYZ country”. Now, this one may surprise you and seem completely impossible if you haven’t come across this type of questions before. They are also very frequent in consulting interviews. The end figure you come up with doesn’t matter, no-one (not even the interviewer) knows the answer for that matter. This is all about checking you are a logical thinker. On this one think out loud, don’t think just in your head. You are getting the question wrong if you are just trying to come up with a number in your head.

The population in XYZ country is about 100 million (if you really don’t have a clue, just assume) and assuming there is a car every 2 people, that is 50 million cars. Let’s say an average car needs to have the battery replaced every 5 years, that’s 20% of cars needing a new battery every year. So that’s 10 million batteries. You could also add something about new cars, etc.
If you found this insider information helpful, make sure to get my free report, “5 Reasons Why Good Candidates Fail Investment Banking and Other Interviews”.

Why Luxury Wedding Car Hire Is Worth It on Your Big Day

31There are many different transport options possible for your wedding day, including limos to transport your guests, or a simple classic car to take the happy bride and groom back to their hotel. Luxury wedding car hire is becoming increasingly popular as more and more people are looking to celebrate their weddings in style, and this kind of transport can be well worth your investment.

There are many practical benefits to hiring transportation for your wedding, including the fact that you can ensure the safety and comfort of guests and make sure that everyone arrives on time. Wedding car hire for newlyweds is also a great idea, and they do not have to worry about a family member having to drive them to the venue or trying to book a regular taxi, which may be unsuitable.

On top of this, luxury transport options offer several other advantages which may well be worth your financial investment. Here are some of the reasons why splurging a little more on your wedding car might be the right thing to do for you.

One of the major advantages of luxury car hire is that it will give you the ultimate in comfort, style and relaxation on your special day if you are the couple getting married. A wedding day can be extremely stressful for the bride and groom, as there is so much they have planned and coordinated, and there is always the chance that something will go wrong.

All of this can lead to a lot of pressure and unnecessary stress, and this is where reliable and quality transportation can come in and save the day. Indeed, one of the worst things that could happen is that the transport booked gets stuck in traffic or turns up at the wrong venue. The driver might also be slovenly and unprofessional, and the vehicle might be dirty inside or outside.

When hiring a luxury vehicle for a wedding, chances are that you will absolutely not have to worry about any of this. This is because you are often guaranteed services of the absolute highest quality when you book with a luxury company, from the professionalism of the service right through to the standard of the vehicles provided.

Many of these vehicles and services are designed for the bride and the groom to relax and enjoy them too – with free drinks, courteous and punctual service, and beautiful decorations, the married couple to be can take a moment to relax before the ceremony and after the main event. The time spent travelling to and from the venue can be a true moment of peace and quiet.

Another advantage of booking luxury wedding car hire is that there is often a number of stunning vehicles to choose from that can perfectly suit your wedding theme. Many people nowadays are very keen to have all the details right at their wedding, and because of this there are many wedding transportation providers that offer an incredible array of top quality cars.

These can be classic cars, party buses, limousines or modern sports cars. All of these will suit the couple getting married as well as the theme of the wedding, helping everything come together to mark this very special occasion.

Marriage is an often an once-in-a-lifetime event, and with that said it is absolutely imperative that you have the experience that you desire on your wedding day. This means having the right dress, the right caterer, the right entertainment, and the right vehicle. After all, this is the chance to create some truly unforgettable memories with your partner and all of your family and friends.

These are just some of the main reasons why luxury wedding car hire can be a worthwhile investment of your money. From creating amazing memories to enjoying a guaranteed high quality of service, this is one part of your budget that may well be worth splurging on.