Equipment Leasing

"The most important contribution of the equipment leasing industry lies in providing access to capital," said Michael Fleming, the leader of the Equipment Leasing Association for the last 25 years. This summarizes the work done by equipment leasing companies in enabling the growth of other industries.

Role of an equipment leasing company

A company wishing to lease equipment goes to an equipment leasing company. An equipment leasing company buys equipment from the manufacturer or other sources and leases it to the customer for use, charging a fixed monthly fee for the duration of the lease. The customer does not have to pay huge down payment that would be required to finance the purchase of that equipment.

How to choose a leasing company?

There are so many equipment leasing companies that it is very difficult to find the right one for the desired equipment. Of course, the company offering the lowest fixed monthly rate is the best. But the requirements for the disclosure of business transaction in leasing are less than in the consumer market, so finding the best lease can be difficult.

First, contact the manufacturer of the equipment you wish to lease. Usually, manufacturers of the equipment will refer to a leasing company with which it does business. Get the quote from the leasing company and check it with the manufacturer. The manufacturer wishes to sell the equipment to you so he will check that you are not getting a raw deal. It is a good idea to get a quote from more than one leasing company. Then choose the one giving the overall best deal.

Now, please remember that my definition of computer hardware is coming from a Non-Geek! You will not be getting lots and lots of strange words that seem to eminate from a UFO. Let me entertain you with the difference between computer software and computer hardware, as a non-geek understands it. So, anything that is not a computer program, that gives you what you can see or use on the screen, well, it's the hardware.

Let me get more specific. Most computers already have programs loaded into it that "drive" the system. These programs allow you to use the internet, your e-mail, Facebook,etc. Each computer user loads what programs they want onto their computer, depending on their needs. These programs can be purchased or downloaded from the internet. Again, these programs are the software of the system.

Not to confuse you, but, if you go to a computer store and purchase a program, you will have a disc with information on it. This is the information that you install onto your computer, such as a publishing program. Although you have a disc that you hold in your hand, it is not the hardware.

Hardware are the pieces that are attached to the computer. Let's start with the "mouse." The mouse allows you to manuever the cursor on the screen. You can purchase a "mouse" in almost any color or shape. There is one that is connected to the computer and there is a wireless one, that gives you more freedom. There are optical "mice" that has a light on the bottom instead of the ball. If you use the computer a lot, you might want to try the "mouse" that has a large red ball on top, for easier tracking.

iPhone iPod feature

The iPhone is not only a mobile phone. No no. When you buy an iPhone you will also get an iPod! This iPod function is very nice because of the big screen. You can play music as well as video.

iPhone visual voicemail feature

The iPhone also has a very nice voicemail function. It’s a so called visual voicemail. With the visual voicemail you can go directly to any message. You don’t have to listen to the other messages first. I think this is a very nice iPhone feature. Now you don’t have to waste any time by listening to other messages…

iPhone internet feature

The iPhone features a HTML email client and the best mobile browser, Safari. You can easily synchronize bookmarks from your Mac or PC.

iPhone Google maps feature

With Google maps and the maps application from the iPhone you can view maps and satellite images. You can also go directly to traffic information. A nice feature nowadays…

There are a lot more iPhone features but the four I mentioned are a few reasons why I will by the iPhone. I also like the touch function. No more buttons to press...

Another thing I like are it's looks. It has a nice 3.5 screen. I only think that the iPhone is rather big. I don't think it will fit in pocket anymore.. But with such a nice looking phone I'm not embarrassed to show it to the world!

The new business owner needs a vital piece of equipment such as truck, a trailer, a backhoe, a grader, an excavator, etc., etc, but discovers that they cannot qualify for the financing.

A solution: Check out off-lease equipment that Lease-financing Companies have in their inventory. There are literally hundreds of pieces of quality used pieces of heavy equipment in off-lease status that are owned by heavy equipment leasing companies. This is quality equipment that was returned to the lessor at end of term or for default.

Why is this good for the start-up construction/trucking company? The lease-financing companies do not want this equipment on the books. Every piece of equipment that remains in an off-lease status is costing them money. As such, they offer much better terms to a buyer.

Depending on the type and age of the equipment, the lessor may offer warranty programs for the equipment as well.

While these are all significant benefits for the start up construction/trucking company, the equipment will often be located in a city remote to the business owner. This will require the owner to travel to the location to see the equipment. If purchased, the owner will have to arrange for transportation of the equipment. Some lessors will arrange shipping and fold the cost of shipping into the lease-financing as a soft cost.

Some of the basic facts about leasing are as follows:

• Leasing is essential at every stage of development in just any business.

• In case of start-up businesses that have no revenues, smaller leases of approximately $100,000 or less can be easily managed. If the owners are willing to make monthly payments, the lease may be better managed on the personal credit of the owners.

• Equipment leasing is essentially a loan. At the end of the lease, the business can either purchase the equipment for its fair market value (or a fixed or predetermined amount) or continue leasing. It can also opt to return it or lease new equipment.

• Lease vs. Loan:-Unlike a bank loan or any other debt, a lease is not cancel able. A loan can be paid off by selling the equipment. Alternatively, it can also be refinanced. On the contrary, in case of a lease, the lease should be paid off in full. That is, all the payments must be done when one enters a lease. Moreover, lease payments are smaller than the loan payments.

• Leasing vs. Buying: - In case of buying, when a piece of equipment or vehicle is bought, the payment for it is supposed to be done in full either by using cash or by financing the balance. Once the payment is done, the buyer owns the equipment or the vehicle.

On the other hand, in case of equipment leasing, the equipment is bought and owned by the lender and then it is rented to a business at a monthly rate for certain number of months. In other words, with a lease, one has to pay merely for using the equipment as at the end of the lease, the lender ends up owing absolutely nothing.

The Purchasing Fitness Equipment can be an enormous investment. Treadmills and ellipticals can cost thousands of dollars. Even the free weights can add as you increase the variety of sizes in your gymnastics at the house.

With recognition, there is a manner of saving hundreds of dollars on each one of your purchases Exercise Fitness Equipment : You can buy the used equipment. The equipment used of purchase of physical shape is ideal for somebody who wants to buy a complete machine but must make shopping in a budget. You on the occasion to examine the machine after a certain use, you can test it outside, and you can make a decision more educated concerning the quality of the machine. These isn 't as adapted for the free weights. With weights, you can still gain the significant saving, and it should be enough reason to plan to buy the equipment used. The machines carry the prices to be paid heavy and make hesitate even the most courageous purchaser.

By looking at the used fitness equipment for the purchase, take care to examine the mechanism carefully. Test in fact the machine outside during a minute to make sure that it functions without jolt. Detect with the ear grinding in the mechanism of a tentering frame. Run a travelator during a few seconds around 6mph to see whether the belt became too loose. Examine the movement of elliptic, seeking a circular motion without clash without the sticking points. Gift 't is afraid to examine a machine which you are purchases used. If the salesman is hesitant or refuses to let to you test the machine, should plan to you to look at elsewhere.

The purchase of the Fitness Equipment Reviews is your first stage towards new, healthy lifestyle. This new purchase, that it new or is used, is an investment in your health. Find a piece of good quality of equipment which you can allow, but to remember that a piece of lower quality of equipment is to cause damage than prevent them.

Equipment leasing business is involved in buying equipments from established manufacturers and other reliable sources and leasing them to customers in need, charging a fixed monthly fee during the period of lease.

Leasing deals with all major business fields ranging from hospitals and hotels to laboratories and other small businesses. By opting for equipment leasing business, you are not required to spend any amount as down payment while buying the equipment.

The various benefits a business can enjoy by opting for equipment leasing include

• Capital conservation - It is always better for one to lease equipment than buying it because of the risk of depreciation.
• Conservation of credit lines - Your purchasing capacity is not affected as there is no initial cost upfront.
• Fixed rate lease payment.
• Deduction of tax - Lease payments don't qualify to be taxed.
• Easy financing of leased equipment.
• Easy updating from obsolete equipment.
• Effective management of your increased business cash flow and no more budget limitations.

All types of business use equipment leasing finance their projects. More than 80% of Fortune 500 companies use equipment leasing as a way to free up their working capital. If you have on-going receivables and you want to grow your business but are short on cash, then you may want to explore the idea of using equipment leasing to expand your business.

Companies can benefit from equipment leasing in a number of ways including a low down-payment, tax incentives, fixed rate financing and preserve cash. While some leases may require a down payment, there are many lease programs that offer flexible terms. With online equipment financing companies on the rise, you can shop for an equipment leasing company that best fits your situation. If preserving cash is your main objective, then equipment leasing becomes even more attractive. With this type of financing arrangement you will avoid a large lump sum payout while still getting the benefits from the equipment.

What about tax incentives? After all, who is not looking for a way to cut their annual tax expense? There are many equipment leasing programs and leasing companies that can help you understand what tax advantages are available within your industry. If you are new to commercial leasing, then you may want to speak to the leasing company about the advantages of fixed rate versus variable rate financing.

Now that you are aware of the advantages to leasing equipment, let's take a look at a business scenario. An established local newspaper needs to rapidly move to an online publication. After investigating their options, they quickly determined a content management system (CMS) would give them web page publishing capability and swiftly make changes to their online newspaper. When comparing a large outright purchase to an affordable monthly installment, the choice was clear to lease the software and equipment.

Advantages of leasing medical equipment

Doctors starting a new practice might have modest capital and therefore not be able to afford to buy the best, new equipment. This will certainly hamper their business prospectus. Who will go to a new doctor with obsolete equipment? By leasing, the doctors can get the latest equipment and can use their cash to run the practice efficiently.

Large hospitals might have the capital required to buy the latest equipment, but they are in danger of getting burdened by the obsolete, costly equipment in near future. By leasing, the risk of ending up with an obsolete machine is minimized, as you can build, upgrade, or add-on to the lease. In the process, hospitals also save lot of cash, as there is hardly any upfront amount required for leasing the medical equipment. As a result, the hospitals can expand their business with the saved money.

Medical equipments available on lease

According to a study, the medical industry in the United States leased approximately $ 3 billion worth of equipment in the last year. Examples of the equipment that can be leased are blood analyzers, CT scanners, heart monitors, and X-ray machines.

In the medical industry, businesses need to stay equipped with the latest machines. Therefore, in such a technologically driven business, leasing medical equipment is a more profitable choice than purchasing it.

1. Purchasing Power. Equipment lease financing allows the lessee to acquire more and/or higher-end equipment.

2. Balance Sheet Management. Certain types of leases help the lessee better manage the balance sheet and improve the overall financial picture, by conserving operating capital and freeing up working capital and bank credit lines for inventory, expansion and emergencies.

3. 100 Percent Financing. With equipment leasing, there is no down payment. The term of the lease can be matched with the useful life of the equipment.

4. Asset Management. A lease provides the use of equipment for specific periods of time at fixed payments. It assumes and manages the risks of equipment ownership. At the end of the lease, the lessor disposes of the equipment.

5. Service Additions. Many lessees choose to structure their leases to include installation, maintenance and other services, if needed.

Dental equipment leasing can be used to finance any equipment that a person may need to run his business. Almost any type of gear can be funded without affecting the lessee's personal credit. The more equipment that a person finances by means of unsecured lines of credit, the more it impacts the concerned person's credit rating and exploits precious emergency resources.

Dental equipment leasing has no impact on the personal credit rating and keeps the unsecured types of credit accessible for emergencies and increases the buying power of the lessee. Dental equipment leasing also has many tax advantages. Dental equipment leasing increases the person's liabilities and that results in a lower tax encumbrance.

Dental equipment is very expensive in the United States of America and buying it can be a great financial risk. To avoid any hassles it is better to lease equipment rather than buy it. This option provides the lessee with a cheap and effective alternative to renting.

Almost all equipment leases begin with an acceptance or commencement. The lessee inspects the equipment and announces it as fit for service. When the lease begins then the equipment belongs to the lessee even if the equipment is in a lessor's warehouse. A lease shouldn't begin until the lessee has started to use the equipment successfully.

It is important to inspect the equipment before leasing, because once the deal is signed then the lessee has to pay the lessor even if the equipment does not work.

The most frequently asked question about leasing is the advantages behind it. People want to know about the benefits of leasing over buying any type of equipment. The most prominent advantage of leasing is that it provides the lessee with working capital that can be used for maintenance and upkeep of the equipment. Another advantage that the lessee has is that he can add equipment that is contemporary at any time during the lease period. This advantage is not available when a person buys the equipment instead of leasing it.

Another frequently asked question is about the definition of 'lease.' Lease can be defined as an agreement or a contract between two parties that explains the terms and conditions such as the time period of the lease, payment options and the date of return of the equipment.

Questions regarding cancellation of a lease are also common but canceling a lease is not possible. The lessee is bound by the law to make payments according to the terms and conditions in the contract, even if the equipment that is leased is not in use.

Queries about tax payments are frequent and people want to know whether there are any tax deductions when a lease contract is signed. The lessee must pay the taxes that are connected to the lease such as sales tax, which is charged separately and has to be paid with the monthly payments of the lease.

Leasing is always preferred over buying. Here are some other benefits of leasing:

• Leasing is very beneficial for companies that are not able to afford business loans. In other words, leasing is an alternative to traditional financing.

• Moreover, there is no down-payment required in case of leasing. That is, leasing ensures cent percent financing.

• It ensures ease and convenience while applying and the lease arrangements are structured in such a way so as to meet individual requirements.

• Lease terms are quite flexible. Depending upon the type of the equipment, the lease term can range from 12 to 60 months. Capital budget delays are almost eliminated by allowing the payments to be made with the operating rather than the capital funds.

• One can always purchase the leased equipment later when the capital becomes available.

• One can also credit a percentage of the lease payments toward the purchase of the leased equipment.

• Lease payments are fixed and predictable. It allows the person to accurately predict the impact of equipment expenses on the cash flow.

Equipment Leasing:-
When a company is short on the money cash but needs equipment, it can rent it. The owner buys the equipment with loan and then rents it with a company for fixed monthly fees. All kinds of equipment, like medical equipment or of transport, can be rented. There are various companies specializing by renting such a equipment.

How to lease the equipment:- Once we decide to lease the equipment we have to search for the best deal. A good deal will make a business success story. On the other hand, an unfavorable deal might prove to be the end of the emerging business. So, it is extremely important to scrutinize the legal fine points when choosing the lease. The leasing company will look for the best deals and will take care of the legal issues related to the deal.

Equipment leasing is an option to look for a company that is diversifying and may not wish to buy the equipment. Or it may be a good choice for a company that is just starting up. Even so, leasing might be more expensive than buying the equipment.

The real estate market is booming across the United States, especially in select areas of California as well as Las Vegas. Even the sleepy town of Boise, Idaho is experiencing record breaking primary residential development. Where ever you happen to live, you have probably noticed it’s not so easy to get into that coveted house you have always dreamed of, despite the favorable mortgage rates. So what should you do?

Lessons Learned from the Past :- With such uncertainty around the real estate market, perhaps it is best to stay away from owning your own property. Many so called experts predict the housing market in the US has finally reach bubble status, and expect that bubble to burst in the near future. They may have submitted their predictions a bit early, but their advice should be considered. If we learned anything from the stock market bubble and subsequent crash of 2000, we realized frequently a conservative approach to investing serves us well when uncertainty surrounds the market.

Avoiding the Headaches of Ownership:-- By agreeing only to rent the dwelling, you manage to avoid many of the disadvantages associated with owning a house. Normally the landlord is responsible for general maintenance of the flat.

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The world of automobiles has been redefined with the advent of the internet technology. There are a number of resources in place today that enable you to access detailed information on auto parts and accessories to ensure a good bargain almost always. The online resources dedicated to information on auto wheel essentials and accessories are accessible 24x7 and at a click on the mouse. You can now access these great resources from home or office and any time of the day. The online resources dedicated to information on auto wheel essentials and accessories enable you to access information on:

Although an adviser of mortgage can discuss so much various financial aspects with you, they it need for don.t to take all specialized training courses or to need all occupational qualifications at the beginning. It is another aspect which places them independently of a mortgage sponsorisent. They will have to take a course of basic training, but it is more in the service with the customers and the relations.

route with going well to an adviser is completely frank normally starting in a bank like representative of service to the customers, or an administrative role within a company of financial services. If they decide to continue the route more devoted of advising of mortgage, it is when the additional formation comes into effect.

The Financial Services Authority (FSA) requires that anyone giving specialist mortgage advice needs to be proficient to a certain level. This means that to be a mortgage advisor, a trainee has to study for either the Chartered Insurance Institute (CII) Certificate in Mortgage Advice, or the ifs School of Finance in Mortgage Advice and Practice (CeMAP). If you want to use the services of a mortgage advisor, whether through your bank or otherwise, you should look for these qualifications.

Another sector to consider if you think of employing an adviser to help you with your mortgage is if they are completely impartial. For example, if you employ your bank and they provide an adviser for you to work in, you would obtain only the council with the services that the bank itself offers. However, if you must employ the agent of field selling the property, or a mortgage sponsorisez, then you would be offered a choice much larger and advantages of a range more extended much of the financial companies. It is certainly something to maintain in the spirit while working with a financial adviser, and will make sure that you obtain thereafter the mortgage and the council that.s just for you.

Deep Bidding Directory is accepting links for as low as $1. Choose a Category.For bids of $10 or more you will recieve a review on Bid Directory Blog and a Featured Listing in web Directory

Here you'll find the various types of mutual funds available for investing:

•Loaded Mutual Funds: are sold by full service brokerage firms and carry a fairly steep commission.

•No-Load Mutual Funds: can be purchased directly from the mutual fund family or from discount brokers who handle a large number of different mutual fund families. No-Load Funds can be purchased with no transaction fees or only very small commissions.

•Money Market Funds: offer a place to park money when waiting to make a new investment. They offer interest rates more than double that available from bank savings accounts or checking accounts.

•U.S. Government Bond Funds: invest in U.S. Treasury Bonds, Notes, or Bills. This is a safer form of investing than in other types of bond funds.

•Corporate Bond Funds: invest in the debt obligations of U.S. Corporations. These funds generate higher yields but involve higher risk.

•Municipal Bond Funds: Invest in tax-exempt bonds issued by various States and municipalities. The yield on these investments is generally tax exempt from federal income taxes.

•Stock Funds: invest in common stocks. They can be very broadly diversified or highly concentrated. There are funds that focus on growth, others concentrate on value. Some are index funds. Others are International funds that concentrate their investments outside the United States. Global Funds have holdings both internationally as well as in the United States. There are sector funds that invest in only one sector of the market such as energy, healthcare, or consumer stocks.

•Exchange Traded Funds (ETFs): is the fastest growing segment of the financial industry today. There are over 500 ETFs from which to choose. Exchange Traded Funds offer all of the advantages of Mutual Funds but none of the disadvantages such as minimum holding periods and early redemption fees. They are priced continuously throughout the day and can be purchased and sold just like a stock. Mutual Funds are priced only at the end of the day based on the net asset value of all of the holdings within the fund.

Now these days almost all people , including child who is learning in college, have credit cards. Everyone knows that people have to grow up sooner or later and credit cards for students can provide young people with invaluable lessons in the world of finance. Young people who have student credit cards should know how to manage their finances as soon as possible. For the first time, young people with student plastics can be responsible for their spending and their bills.

There is no doubt that student credit card deals can help young people in building good credit history which they will need in the future if they want to apply for best credit cards.

While I was suffering, there was an easy solution directly in front of my face each time I passed my bank. A student credit card typically has a spending limit . It's deliberately set low so students learn to spend sparingly, and banks are protected against witless college kids spending half of their cash reserve and then failing to make payment.

If you’re applying for a credit card but don’t know where to start, head over to credit-spy’ website. The staff at credit-spy can provide you with the best and most accurate information regarding credit cards. When your financial future is on the line, go to someone you can trust. Go to Irie Credit Cards.for more informtion please visit site map for online credit deals.

A card merchant account can put your business on the road to financial success. If your company is not yet accepting credit card payments, you are missing out on the powerful potential of this income stream. Many business owners who started taking credit card payments claim that their income has doubled while overhead costs have diminished. When you become eligible to receive credit card payments, you are likely to experience an increase in sales volume and chase fewer dud checks. To facilitate credit card payment, however, you will need to apply for a merchant account.


Start by finding a lender you can trust. This may be a bank you already work with, one that perhaps got your business started or helped it to grow to where it is today. If so, there is a good chance that the lender will continue working with you in this key operative. But if you do not have such a lender or if the one you do have does not seem eager or suitable for underwriting your merchant account, you will have to find another reputable bank, credit union, or other financial institution to facilitate this account.

Your card merchant account can make or break your company, so it is wise to spend time finding the best possible lender for this purpose. Don’t just grab the first deal to come along. Take time to shop the many available offers and compare terms before making a decision. All too often a new or small business owner will be dazzled by the array of benefits that suddenly become available through a merchant services card. Then, after implementing this account, expenses mount while income remains stable or falls and the company can experience a shortfall. Approximately 80% of small companies close their doors within two years. Don’t become a casualty of this predictor. If you are approved for a merchant account, use it according to your business plan or company budget. Avoid investing large amounts into questionable activities. Start small by purchasing or leasing a basic credit card processor for your physical location. Or get a wireless unit for deliveries or remote destinations. You don’t have to spend thousands of dollars to get started. Go it one step at a time until you see how your customers respond and what your potential growth is shaping up to be. At that point you can always add more services, like an e-check processor or a pager, if you find they are truly needed for continued growth.

After getting approval for your card merchant account, you usually can start accepting credit payments immediately. Make sure you understand the terms of your account, which often boils down to a per-transaction rate of perhaps 20 to 25 cents. Or you may be able to opt for a low-interest monthly fee that may or may not impose certain minimums. In other words, you will be charged a baseline amount for up to perhaps 1,000 credit transactions. If your company does not get that many, you still have to pay the baseline fee, but you will not have to pay more, even if you get 2,000 or 3,000 credit card transactions, although this can vary from one lender to another. Check with local or online lenders for more details on applying for a card merchant account.

Often a new start-up construction business owner discovers that he/she cannot qualify for lease-financing for the Heavy Equipment needed for their new business.

The new business owner needs a vital piece of equipment such as truck, a trailer, a backhoe, a grader, an excavator, etc., etc, but discovers that they cannot qualify for the financing.

Even though the new business owner has jobs lined up or contracts in place that will generate revenue to make the payments, that new business owner gets denied financing.

This dilemma is not necessarily limited to the start-up business owner either. Established construction businesses are discovering that their bank or finance company is declining to make that all important loan. The reason? The recent impact of the residential sub-prime loan comparison has migrated to the business community. Banks are tightening up on the micro-loans that they used to make with regularity.

So, what is the new or even the established construction business and trucking business owners do to get critically needed heavy equipment lease-financing?

A solution: Check out off-lease equipment that Lease-financing Companies have in their inventory. There are literally hundreds of pieces of quality used pieces of heavy equipment in off-lease status that are owned by heavy equipment leasing companies. This is quality equipment that was returned to the lessor at end of term or for default.

Why is this good for the start-up construction/trucking company? The lease-financing companies do not want this equipment on the books. Every piece of equipment that remains in an off-lease status is costing them money. As such, they offer much better terms to a buyer.

Depending on the type and age of the equipment, the lessor may offer warranty programs for the equipment as well.

While these are all significant benefits for the start up construction/trucking company, the equipment will often be located in a city remote to the business owner. This will require the owner to travel to the location to see the equipment. If purchased, the owner will have to arrange for transportation of the equipment. Some lessors will arrange shipping and fold the cost of shipping into the lease-financing as a soft cost.

In summary, start-up construction and trucking company’s do have an alternative when they do not qualify for conventional lease-financing or their bank had to say no to their heavy equipment financing request

Year-end results have been announced for seven of the eight biggest UK banks, and it seems that the banking industry is not in such bad shape after all.

The biggest casualty of all, of course, was Northern Rock, nationalised as it crumpled under the pressure of lack of cashflow. A clear victim of the sub-prime crisis which originated in the US, Northern Rock was unable to sustain its business model and had to resort to a loans lender of last resort, the Bank of England before the Government decided that temporary nationalisation was the best option for the time being.

Other UK banks revealed that they thought to be their losses from write-downs related to sub-prime funds, but none of them seemed to be as badly hit as US banks like Citigroup. It lost £12.1bn and UBS lost over £9bn.

The UK results have been nowhere near as bad. The total of losses and write-downs is so far just over £5bn, mostly down to Barclays and Royal bank of Scotland. Others, such as Lloyds TSB, Standard Chartered and HBOS appear to have got off lightly, losing only a few hundred million pounds.

Nevertheless there are still fears that other personal loans write-downs may not yet have come to light, and no bank chief executives are prepared to announce that the credit crunch has ended, or forecast when it will end.

This week’s announcement by RBS as described by Carla Antunes de Silva, analyst at JP Morgan, as 'the messiest set of figures we have seen', saying that RBS’s write-downs were inadequate. She identified exposures totalling over £29bn covering all things from collateralised debt obligations to monoline exposures.

It is apparent that, although UK banks seem to have fared well – some even riding out storm with increased dividends – the credit crunch still has some way left to run.

A recent report has shown that consumers have very little choice when it comes to finding a long term fixed rate mortgage for twenty five years, with only seven out of ninety lenders offering a fixed rate deal for such a long term.

Despite calls from Chancellor of the Exchequer, Alistair Darling, for lenders to offer greater access to affordable longer term fixed rate deals – an issue he will be addressing in his up and coming first budget – many lenders are still not offering this, with many stating that consumers are never keen to take up a fixed rate for such a long period.

Fixed rate mortgages have been very popular in the past, but most consumers feel more comfortable taking them over two, three, or five years.

One industry official stated: "Certainty about monthly remortgage payments may be a good thing but borrowers should think very carefully before committing to 25-year fixed rates. The risks are clear. Not only could borrowers end up locked at a higher rate when interest rates are falling but could also find themselves having to pay redemption penalties if they want to move house."

He added: "It is virtually certain that people’s circumstances will change several times over a 25-year period."

Car Leasing
Leasing cars means that you are going to pay the amount the cars depreciate during the time you are in control of them. When you are leasing cars, you do not own them, and when you turn them back in, you will have, in theory, paid for the value that you used. The difference between the value of the vehicles when they were new and the value at the end of the car-leasing contract is called depreciation, and depreciation determines how much leasing cars will cost you.

What is unique about leasing cars is that different cars have different rates of depreciation, which means they are have different leasing costs. American cars, for instance, tend to have a higher rate of depreciation than cars of European and Japanese makes. This means that if you are going to lease a car, you might want to look for a foreign-made model if you want to save some money.

If you are considering leasing cars, whether it is for your business or for your personal use, you will generally be able to drive a much newer car for a much lower monthly cost. This is a great option if owning the vehicle at the end of the process is not important for you. Leasing cars is a great option as well for those people who want to have newer, more reliable vehicles at all times. When the lease is up, you simply turn the car back in and shop around for a new car to lease! That is the beauty of car leasing!

Advantages of Leasing Cars
Leasing cars for my business offered me the tax advantage of not paying the hundreds of dollars in taxes a purchase would require. What's more, I can deduct a portion of the lease installments as a business expense. Plus, The monthly payments are 30-50% less than a loan for the same fleet.

Most lease agreements coincide with the manufacturer warranty so I don't have to worry about costly mechanical repairs because nearly everything is covered. Another advantage of leasing cards is that I can return a vehicle after using it for a few years and pick up a newer model. I won't lose equity in the vehicle and I'll never owe more than it's worth thanks to the included gap insurance.

Disadvantages of Leasing Cars
The main disadvantage of leasing cars for my business is the mileage limit. If I exceed the allowed mileage during my lease period I'll be penalized up to $.39 per mile. I will also be charged for any damage or changes made to the leased vehicles.

By :- George Parker

According to the Equipment Leasing Association (“ELA”), U.S. businesses lease every thing from laptop computers to commercial airplanes, racking up more than $ 200 billion in equipment leased each year. Although four out of five U.S. companies use leasing to acquire equipment, many don’t know the ins and outs of leasing well enough to negotiate a good deal. By focusing on a few key aspects of the lease transaction, you can save a bundle on your next lease and eliminate potential aggravation.

1. Choose the Right Leasing Partner

The starting point for saving money on your lease is to select the right leasing company. The biggest savings in this area come from saving time and dodging substandard lease transactions. The wrong lessor choice can result in a slow approval, inability of the lessor to deliver, hidden fees, a poorly designed lease transaction or worse. Give this aspect of obtaining a lease your highest priority. To save a bundle on your next lease, you must do your homework in pre-qualifying bidding leasing companies. Look for lessors with: 1) experience and knowledge; 2) good reputations; 3) the ability to perform; 4) helpful business contacts; and 6) a relationship approach. Ask for and get lessor financial information, background information on the key managers, a listing of recently completed leases, and contacts at key funding sources for each leasing company being considered. Review this information and follow up with all contacts provided.

2. Choose the Right Lease

You can rake in big savings by obtaining the right lease for the equipment you are acquiring. When planning your lease financing, determine the top three or four attributes your lease should have. During this process, carefully evaluate the importance of: lease pricing, lease flexibility, balance sheet considerations, equipment obsolescence, the anticipated period of equipment usage, and your firm’s credit status. The wrong lease choice can be costly.

Know your firm’s credit standing. If your firm has been in business for a number of years, is profitable, has a good track record and has a strong balance sheet, it deserves great lease pricing and terms. If your firm has a spotty credit record or weak balance sheet, the challenge is to get the best deal possible. Identify and offer credit enhancements that will make your transaction more attractive. Allow plenty of time to get through the credit review and due diligence process.

3. Ask for Fair Market Value ‘Caps’

If you decide that a fair market value lease is the way to go, you can realize big savings by limiting that value. Fair market value rental and purchase options at the end of the lease allow the lessee to either continue leasing the equipment or to buy the equipment at the then fair market value. These values are generally quoted by the lessor at lease end based on aftermarket data, but most leases allow the lessee to obtain an appraisal from a qualified equipment appraiser. To realize significant savings and to eliminate unpleasant surprises, request fair market value options that are “capped” (have upper limits). Beware, however. Lessors may insist on fair market value ‘floors’ (lower limits) when they agree to ‘caps’. The availability of a fair market value cap will depend on the size of the transaction (may not be available on small transactions), competition among lessors, and the credit status of your firm.

4. Keep the End-of-lease Notice and Renewal Periods Short

To avoid hefty unintended lease charges, seek notice and automatic renewal periods that are short. The primary purpose of the end-of-lease notice period is to allow the leasing company sufficient time to redeploy the equipment if you elect to return the equipment. The secondary purpose is to notify the lessor of your plan to either continue leasing the equipment or to purchase it. The notice period generally ranges from one to six months, with three months being typical. If you violate the notice period, the lease kicks into an often unfavorable automatic renewal period, usually one to six months. If the lessor is unwilling to negotiate this provision, you can save money by making sure the notice requirement is fulfilled within the allowed time.

5. Slash Interim Rent

You can slash lease costs significantly by limiting interim rent. Interim rent is the rent you pay for daily use of equipment between the equipment acceptance and lease start dates. The rationale for interim rent is that you have use of the equipment and the lessor is obligated to pay the equipment vendor during this period. While the rationale is not unreasonable, interim rent can balloon lease pricing by arbitrarily extending the term of the lease (albeit by only days). The best approach is to schedule equipment delivery and acceptance toward the end of the month. Most lease terms officially start the first day of the month following equipment acceptance. Another strategy is to negotiate a truncated period at the end of the lease such that the interim period and truncated period total one month of the quoted lease term. A last strategy is to request a limit on interim rent (perhaps ten or fifteen days) regardless of equipment acceptance.

6. Manage Equipment Returns

Save a bundle on your lease by managing the equipment’s return. Although you may not anticipate returning the equipment to the leasing company at lease end, it can be costly if you do. When equipment is returned, most lessors care about and will hold your firm accountable for the equipment’s condition. Equipment should be properly maintained and returned in good condition. Make sure that you understand the return provision of the lease and that you have good internal controls to adhere to these requirements. If the lease contains an ‘all or none’ return provision, one strategy is to subdivide the lease into several smaller lease schedules on the front end. Place equipment you are most likely to keep on the same schedules. Try to negotiate the right to return up to 20% of the equipment (based on original value) at the end of the lease, as long as you agree to renew the lease or purchase the balance of the equipment. Track and save all equipment accessories and documentation.

7. Match Lease Term with Projected Equipment Use

The term of the lease should match the expected use of the equipment as closely as possible to save money. If the term is too short, cash outlays for the equipment might exceed the expected equipment benefits over the term. If the lease term is too long, you might lose the flexibility of upgrading to newer more desirable equipment. Notwithstanding your preferences, the term allowed by the leasing company may depend on their perception of credit risk and the expected economic life of the equipment. Any mismatch between your preference and lessor’s can be managed by obtaining favorable end-of-lease options.

8. Identify and Understand All Potential Fees

Leasing proposals vary in the types and amounts of fees and penalty charges. Common fees and charges include: commitment fees; non-use fees or facility fees; per schedule documentation charges; attorney fees; UCC financing statements; penalty charges for late rental payments; and early lease termination charges. These are only a few of the possible fees and charges. You can save a bundle by carefully going through each lease proposal and lease agreement to identify and compare likely charges. If fees or charges are significant and likely, they should be incorporated into your pricing analysis. Where possible, especially where one proposal contains fees/charges excluded from the other proposals, try to negotiate these fees/charges.

9. Offer Credit Enhancement to Reduce Lease Rates

In some cases, you can trim lease pricing substantially by offering credit enhancements to improve your firm’s credit profile. Enhancements can include: shortening the lease term, cash or other assets as additional collateral, personal or corporate guarantees, advance rentals payments, and security deposits. Since most credit enhancements involve giving up something of value, do a cost/benefit analysis to determine whether the net benefit is in your favor. If your firm has assets that are not working for it why not put them to work in the leasing arrangement. The value of credit enhancements can differ from lessor to lessor, so identify and discuss possible enhancements upfront. Try to assess whether your firm’s credit will improve significantly by credit enhancements and get lessors’ pricing with and without the credit enhancements.

10. Request Several End-of-lease Options

If the lease contains a nominal purchase option, there is little need for additional end-of-lease flexibility. Otherwise, flexible end-of-lease options can save you a bundle by preventing you from incurring extra expense. One of the most cost-effective options is the ability to return the equipment at the end of the lease. If you no longer need the equipment, why incur additional charges? Additionally you should have the ability to purchase the equipment at a fair or reduced price and the right to continue leasing the equipment at a fair or reduced rent. As discussed, use of caps in fair market value purchase or rental options can greatly reduce potential costs at lease end.
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No matter who you are, at some point you're going to need a truck. Whether it's for moving an entire home or a washer and dryer set, or to start your own hauling business, trucks are how big jobs get done. For many, even though a truck is needed for one-time or continuous use, buying a hauler, pickup or especially a big rig is out of the question. This is where a good rental can come into play.

• Shop around for prices and rental terms. There is generally more than one company in an area that rents moving trucks or even pickups.


• Ask about the little things. Don't sign the contract for a rental until you are very clear about hidden costs, rental requirements and so on. Make sure you understand any extra per mile costs and fuel charges.


• Check into rental insurance. This is almost always a good idea. Anything can happen and it's not your truck you're driving. You don't want to pay the bottom line if someone damages the rental.


• Find out where and when the truck needs to be returned. This is especially important for out-of-town deliveries or one-way trips. Make sure you have good directions to a return location where you'll be going. If it's an in-town move, you should be able return the truck to the location you rented it at.

Buying a house can be complicated enough, but trying to sort out which mortgage is best, what the different rates are, etc, can be like trying to pick your way through a minefield. That’s why using a mortgage broker is such a good idea, and one that more and more homebuyers are starting to do.

Why a Mortgage Broker?
A mortgage broker is a certified professional and someone who has spent years training to become an expert in mortgages. Regulated by the Financial Services Authority (FSA), they have a strict set of guidelines that they must adhere to. This includes the information they give you, and the ethical decisions they make regarding any financial advice they provide to you.

Because of this, they are usually independent, which offers the potential home buyer the benefit of unbiased advice. Even if a mortgage broker belongs to a company, you should still be offered a greater choice when it comes to the type of mortgage you take out, as well as whom you take it out with. Compare this to banks and building societies, which usually try and arrange your mortgage solely with them, and the extra cost in using a broker are more than worth it.

What does a Mortgage Broker do?
Because they are such experts in their field, a mortgage broker can offer a host of services that you may not have received otherwise. As well as their advice, you can also expect a broker to:

• Find the mortgage that’s right for you
• Access to thousands of different lenders nationwide
• Provide a “mortgage calculator” that will help you decide how much you can borrow
• Explaining the different mortgages – fixed rate or variable, self-certification or ad credit mortgage,

These are just some of the basic services that a broker can offer you. They can also help you arrange the best survey companies to use, close your paperwork, arrange legal fees and advice – pretty much anything connected with a mortgage, a broker can help you with. Additionally, a mortgage broker can also advise you on what additional costs you should include – for example, mortgage protection insurance and why you need it.


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Credit repair is simply a legal way to clean up and improve your credit file, also known by the name of credit report. Generally, it is not an easy process neither it's something that happens overnight.Although it may seem like a slow motion work, it is actually a small price to pay for the potencial benefits gained, such as being able to live again without any debts and having your credit recovered without lefting behind any unsolved damages to third parties.

Regardless of how bad your credit may be right now, credit repair is a possibility to make your financial life much better,but it requires changes in spending, saving and bill payment habits.The first step in the credit repair process is to examine your report for possible mistakes, which can make up to as much as one third of your total credit score.

Credit repair may begin with a conventional loan or a credit card, in order to show up on your credit history as satisfactory payments.It can even be performed on individuals that already have moderate to good credit scores, simply to improve their score.A credit repair plan will make you have a better image to lenders and prevent you from hurting your credit worthiness in your pursuit of an interesting loan.

Most importantly, if you follow a reliable debt consolidation program, it'll immediately re-establish good relationships with your creditors, and ultimately it'll produce wonders to your credit repair.One of the most important things to keep in mind concerning credit repair issues is to act quickly. Take the time to do this the right way, and you will be successful with your credit repair endeavors.

However, be aware that no credit repair tip can instantly solve all the stains of your credit report. It's a process that will conduct you at the end to be free of your credit difficulties. Keep in mind that bad credit repair can also turn your way of life much better by enabling you to get the mortgage or refinance loan at the best possible low rate. Frequently, credit repair candidates open new secured credit cards for the long term benefit.All this credit repair procedures can take from a couple of months to a year, until the person reconquers his good credit.


If you are in a credit repair program, they should be happy to write the cease communication letter on your behalf , as well as providing you with all needed competent counsel.The more comprehensive programs provide debt validation as part of their services at no extra charge.

You are going to buy a vacation home. You know the resort area where you would like to buy. You know the style of home you want. But you have not yet spoken to a mortgage lender. Time to regroup.

A quality developer, builder or realtor believes that the first step a buyer should take after they have made the determination that they want a new home is to choose a lender. If a mortgage is going to be an important aspect of the purchase process, a lender should be involved from the beginning.

So how do you choose a lender? What questions need to be asked? Does the lender have not only the experience, but also the mortgage product needed for your situation? I suggest you contact a couple of lenders and discuss your thoughts on what you are looking to buy and what you anticipate to spend. Listen to the questions asked by that person and do not be afraid to ask how long they have been in the mortgage business. Also ask if they have access to more than one or two investors.

Not all mortgage brokers and bankers have access to a wide variety of mortgage programs. We know from many years of experience that some investors have a lack of mortgage varieties. They may be great at financing salaried employees but they are not great with self-employed borrowers. Ask the lender if they have investors for your particular situation. Then make certain the mortgage broker is Registered and Licensed with the state in which the property is located. Brokers must have passed the minimum requirements of the State plus have posted an Insurance Bond to protect you, the borrower.

After interviewing several lenders, you should be able to make a determination if the lender has the experience to help you and the portfolio of investors that can finance your purchase. A purchase of a home may be one of the largest investments you can make in your lifetime. You need not be shy in asking questions and expecting answers. Ask for referrals from not only past clients, developers, builders and realtors but also from investors.

Introduction

Hard Money is a term that is used almost exclusively in the United States and Canada where these types of loans are most common. Hard Money is more expensive than traditional lending, but it is not the "cost" of the money that is important, it is the "availability" and the "timing" of the funds that makes or breaks the deal for the Real Estate Investor. This type of money is only for short term financing, good for those who need to get funds fast to do a deal.

Private

Private money rates generally range from 10 to 15%. Private Money refers to funds that are loaned by non-institutional or private investors, as opposed to heavily regulated banks. Private Money is used when a) quick funding is needed; b) bridge funding is needed; c) bank funds are not available to the borrower. Private Money loans are more expensive than bank loans. The loan being taken is not intended to be long-term. Private money, however, is typically funded within two weeks, and can be funded as quickly as 24 hours in certain cases. Private equity lenders typically start at an interest rate of 12 percent and they make loans only when the borrower has at least 30 percent equity in the property. Private investors are people who have the liquid cash, but don't have the desire to actually do the work themselves.

Lender

Lender fees are also more expensive than those involved with conventional mortgages. Lenders actually require low LTV's of 65 percent or less. Lenders are ramping up their operations to better provide online loan sourcing directly to borrowers. Lender points range from 3-7 pts...and much higher for speculative international development deals.

Borrower

Borrowers in these positions may have large equity positions from, an inheritance, years of accumulated mortgage payments or a former homes sale. Borrowers who are facing a foreclosure may also try to obtain a hard money loan as their last option to stop foreclosure. Borrowers have to meet certain credit standards. Borrowers are advised not to work with hard money lenders who require exorbitant upfront fees prior to funding in order to reduce this risk.

Broker

Broker an individual or firm who acts as an intermediary between a buyer and seller, usually charging a commission. Broker points generally range between 2-3 pts. Brokers can provide invaluable assistance in identifying specialized lenders that you couldn't find on your own.

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