Archive for April 2015

What You Should Know Before Finalizing Your Apartment Home

Finding the exact type of apartment can be very tough if you don’t know how to go about it. With a plethora of apartments, in various shapes, sizes, and amenities included within them, it can be indeed very trying to find the exact type of apartment you really need to satisfy your residential needs. Many factors contribute in deciding upon the perfect type of home.

• Location, places, and areas

One of the most important factor, and quite often the only important factor for some people and families, the location, needless to say, often decides whether you are going to stay in a particular home or not. How far are you from your work place? How far is the home from the school? Do you have any nearby groceries store or shopping malls? How far away is the local metro station? Does your spouse work? Would it be convenient for him or her to commute for shopping purposes and paying bills? All these questions are linked up with the location. The farther you are away from your places of work and daily activities, the more expensive it is going to be to afford your home.

• How big an apartment do you really need?

The size of your apartment also determines your monthly overheads. The bigger and larger the apartment, the more expensive it is to maintain it. You need to really consider how much of space do you really need. How many and what sized bedroom do you need? How many baths? A playing room for the kids? It is better to work out your comport levels and how much you can compromise upon. The smaller the apartment the lesser the rent.

• The construction

The material used in constructing the apartment often determines its resale value. The higher the resale value, the more the rent. If you opt for a total concrete apartment, it will provide better shelter and security, but incur more rent. On the other hand, an apartment having concrete walls but wooden accessories, and the construction supports a combination of wood and concrete, it will cost significant less to afford it.

• The bottom line

Everything said and done, even after considering all of your options, you still need to give it some serious thinking whether you can really afford to rent the particular apartment, or go in for a cheaper alternative. It always looks easy to afford an apartment, and most of the times, people are forced to afford one. The monthly savings are an important issue if you are employed. You might have a fixed income, and provide to your family in addition to keeping your financial commitments in paying the taxes and bank premiums. So think carefully before you sing along the dotted line.

Benefits of Leasing a Car for Business

Leasing a car for your business is a sensible decision. If yours is a small business or a start-up, leasing a car would prove handy because of lower cost, easy availability and other benefits. This article discusses briefly the benefits of leasing a car for your business.

Monthly payments

In case you purchase a car – new or used, you need to pay cash upfront in full or part. On the other hand, in leasing you need to pay only for part of the residual value. This leads to lower monthly payment.

Further, the overall cost of leasing a car is lower than when it is purchased because the lease period is a short one (generally three years). The lease cost is the present value of the car minus its value when you return it. You need to pay the interest charged and charges for the services. If the value of the car when you return is more than expected, you need to pay less.

It is a better value for your money as you can afford the car at a lower price under a flexible payment plan.

Tax deduction

Taxes to be paid come down because you need to pay only for the value of the car that you use. Further, the amount of interest is spread into multiple months, which results in a lower monthly amount payable.

In addition, as you will have the benefit of a tax deduction for leasing a car, it helps in saving a few hundred dollars.

Less maintenance

You get the leased car with full warranty from the manufacturer. This ensures effective remedial maintenance when needed. In addition, as you lease the car for a short period, you are likely to have fewer maintenance inconveniences.

Guaranteed Asset Protection (GAP) insurance

When leasing a car, you get the benefit of GAP insurance. GAP insurance is part of the lease deal. GAP insurance covers the remaining part of the value of the car to be paid by you in the event it is stolen or damaged completely in a vehicle collision. This value is far smaller than that of new/used vehicles purchased. For a small business like yours, it is important to take note of this.

Purchase option

You lease the car for your business, and use it as long as you would like. At the close of the lease period, you need to hand over the car to the dealer. Now you have the option to buy the car – a new one, or take another one on lease. You need not worry about the resale of the car.

As the owner of a small business, your business is prone to confront fluctuations in business for diverse reasons. Under the circumstances, each dollar you expend is significant. Therefore, when it comes to operating a car for your business, leasing can be an optimal option.