Saturday, March 14, 2009 

Cheap Car Insurance For "World's Cheapest Car"

Fixing our finances is normally high on our list of New Year resolutions. Normally this means changing our credit cards, consolidating our loans or looking for cheap car insurance quotes.

However, perhaps what we should really be doing is looking for a new car.

Indian manufacturer Tata has launched 'the world's cheapest car', the Nano, with a price that translates to 1,300. It's not available here yet, but it does raise the question of how little we really want to pay for a new car? And indeed, will we even get the opportunity?

The car industry is notoriously driven by profit. You can be almost certain that if the Nano does arrive on UK soil it won't be at its current, translated price as the dealers look to boost their profits.

However, it's not just the car industry - it's us too.

We rarely take the attitude that 'cheaper is better'. The Volkswagen Polo and the Volkswagen Fox are similar in style and shape yet there is a significant difference in price. However, when given the cheaper option few of us bite.

The last thing manufacturers want is for the lucrative Western European market to suddenly become frugal with its cash. However, maybe we only have ourselves to blame for inflated prices and the time has come to send a message to the motoring industry.

In 2000 we were willing to protest in our thousands over fuel prices - yet we'll happily spend over the odds on other aspects of our motoring. The time has come to take action and drive prices down.

We can drive prices down by buying cheaper cars. We can apply it to all aspects of motoring too - especially car insurance Shopping around for cheap car insurance could allow you to save hundreds on your premiums every year.

 

Home Equity Loans - Which One Is Right For You?

When it comes to choosing which home equity loan is the best for you, ask yourself a few questions first.

-How are you going to use the money? What's it going towards?

-Are you wanting to money all at once?

-Are you needing flexibility in paying it back?

Once you have these answers you'll have three options in getting the equity from your home.

1. Home Equity Loan

If your interest rate on your home is already low, then refinancing probably won't be the route to take. In this case a home equity loan will be the better strategy.

It gives you access to a large sum of money at one time and you can use this money to pay off credit card debt, medical bills, or make home improvements to build further value.

2. Cash Out Refi

A cash out refinance is taking your current home mortgage and refinancing it into a new, larger loan, and taking the difference in cash. Why would you do this? If you're paying a higher interest rate on your existing mortgage and you can reduce this rate substantially with a new loan, then it only makes sense to take advantage of this option. A cash out refinance takes a little more time to complete and it has more fees involved, but the savings far outweigh any drawbacks.

3. Home Equity Line Of Credit

A home equity line of credit, or HELOC, works basically the same way as a credit card. You have a line of credit equal to the value of equity in your home. You can take cash from this credit line and use it for whatever you need.

You make payments that are flexible in that you can choose to make an interest only payment if you want. One of the bigger aspects to a home equity line of credit is that you can draw down your credit line, pay it back, and then do it again. This is unlike a loan in which you would have to refinance all over again.

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To learn more about a Home Equity Loan as well as more information on everything to do with home equity loans, visit us at http://www.HomeEquityLoansA-z.com