Archive for finance

Why Commute by Bike? Reasons to Commute and Tips for Bike Commuters

Commuter bikes are small motorcycles and/or scooters, usually 125cc maximum, though as you can imagine, many commuters want a bike with more oomph and therefore opt for something a little larger.

Take a look at this link if you’d like to gain an understanding of the most popular commuter bikes in the UK at the present point in time.

Why is commuting by motorbike so popular?

The figures speak for themselves. Here are the figures based on a 15 mile commute (30 miles return).

  • The average commute by motorbike is 30 minutes (23 minutes journey plus 7 minutes suiting-up time)
  • The average commute by car was 56 minutes and 77 minutes by public transport (bus, rail, tube, etc.)
  • Commuting by motorbike therefore saves 23 minutes over commuting by car and 44 minutes over commuting by public transport per journey, so double that for a return commute; 46 minutes (car) and 88 minutes (public transport)

Further benefits of commuting by motorbike

In addition to saving time – commuting by motorbike saves 7.6 days over a working year as compared to commuting by car and 14.6 days as compared to catching public transportation – there are many additional benefits to commuting by motorbike.

Traffic congestion

We’re all undoubtedly used to traffic congestion but is it something we need to get used to? The answer to that is ‘no’, as was the conclusion of a major traffic congestion study by TML.

The research conducted by TML focused upon the motorway traffic flow from Leuven, which lies ten miles to the west of the Belgian capital Brussels, into the capital and focused upon traffic congestion during rush-hour, i.e. commuting times.

Here are some interesting facts.

  • Commuting by bike note only reduces carbon emissions from smaller engines but also reduces emissions from freer flowing traffic
  • The number of ‘lost vehicle hours’ (time wasted per vehicle occupant due to congestion) decreased from 1,925 to 706 hours (a reduction of 63 percent)
  • At £19 per hour per vehicle, there’s a saving of £280,000 in time value for car drivers (not including how much motorbike commuters save)

Tips for motorbike commuters

Commuting to work is better for everyone and the planet – that’s a fact. Here are a few tips for commuting to work by motorbike.

  • Select the right bike

Commuting motorbikes range from small Hondas and Vespas to substantially larger bikes and then there are the electric motorbikes and scooters. It’s advisable to begin on a low-cc bike before moving on to something larger.

  • Select the right gear

Comfort and safety are your most important concerns here so research the best gear – boots, gloves, helmet, jacket, etc. – on the market. Good gear lasts years so there’s no reason to skimp.

  • Select the right insurance policy

There are many insurance policies to select from so ensure that the policy you take out, like a commuter bike insurance policy, is the right one. You can save substantially on insurance costs by selecting astutely.

  • Source a reliable mechanic and learn basic maintenance

You’ll need to keep your bike running safely and smoothly so source a reliable local mechanic and learn basic maintenance and how to check your bike.

  • Stay alert and don’t rush

Stay alert and never rush even though you might be pressed for time. A pertinent motto to ride by is ‘better late than dead on time’, and consider enrolling in a defensive driving course.

Commuting to work by motorbike is beneficial for you, the environment and other commuters in a myriad of ways, however, don’t jeopardise your safety in the process because that should always remain your number one priority.

About the Author:

Carole Nash is a company with a team of specialists helping clients find the right commuter bike insurance for their needs. They encourage their staff to take up biking to better serve customers.

6 Tips to Purchase Cars on Finance

Buying a car is altogether a different ball game today. From buying it on cash or buying it on finance, there are various options available. Nowadays, there are lot of options available in the market for finance for new as well as used cars. It is clearly an easier and affordable to buy a car on finance on monthly installments rather than on one-time investment. Therefore it is very important to find the best financing deal.

There are various types of cars on finance options like Hire purchase, personal contract plan and leasing plan. These types of plans helps the car buyer to pay in monthly installments with interest, hiring car for particular period of time, gradually settling it via lump sum payment to purchase it or returning it back.

Buying car on finance has various benefits. Given below are the top 6 benefits:

1.      Hire Purchase:

This form of buying is quick and easy to arrange. It is repaid in monthly installments in the term of 1 to 5 years, including the interest. These are usually arranged by the dealers. At the end of the set term you get the ownership of the vehicle. It has low deposit and usually less Interest rates, which is quite competitive leading to a better deal.

2.        Personal Contract Plan :

It is very similar to Hire Purchase which results into lower monthly payments. Herein the customer has to pay the difference amount between its current selling price and reselling price to the dealer, which is based on forecast of the mileage annually. This plan is for a shorter term of 1 to 3 years.  Here, at the end of the term you have an option of buying the car or returning it.

3.      Personal Contract Hire Buying:

It is a type of personal contract plan only. The only difference is in this plan you do not have an option of buying it, you have to hand it back compulsorily.

4.      Personal Leasing plan :

In this plan you never own the car, you just lease it. Here you pay a monthly lease with maintenance and servicing included. At the end of the term you hand the car back to the dealer. This plan is for a shorter term of 1 to 3 years.

5.      Leasing for Business :

It is generally used for business purposes. Companies can either buy the car or finance lease for business use. Here they pay lease regularly and at the end pay lump sum to buy it. They can also avail the equity benefit by selling the vehicle at the end of the term or agreement.

6.      Residential Value Lease :

Here you pay an agreed amount month on month basis and gradually pay a lump sum amount at the end of the agreement.

Now when you have read the tips on buying, you can certainly get the best deal to finance your car.

The Benefits Of Leasing With First Lease

The leading providers of car leasing and van leasing services to businesses and personal users are becoming very important these days. It leases cars of different makes and utilities to serve different purposes and uses. Here you can order an unrivaled variety of car models and vans at enviable leasing quotations. With Denmark’s top suppliers under our service, we promise to bring you the best and the most reasonable van prices and rentals at the touch of a button. The provider constantly researches the marketplace to bring out the best deals on cars, vans, trucks and a host of other 4 wheelers at unbelievably low prices.

What Van Models Can You Lease?

You have a wide variety of vans, cars and other SUVs to choose from to lease. Leasing firstlease vehicles are one of the best choices that you make when it comes to going for leasing a vehicle for any purpose that you need to fulfill. All our vehicles are assured of full manufacturer warranty and breakdown assistance as we’re partnered with the one of the topmost dealers of Denmark. Be it Toyota, Volkswagen, Citreon or Nissan, you name it and we have them for you. Once the lease period of a car ends, t is sent back to the supplier.

Pros Or Advantages Of Leasing

•You get the advantage of driving a new car every few years. Once the lease term ends , you can simply return it and start a new lease agreement for a fresh model

•Well suited for businesses that don’t want to pay for the maintenance cost of the depreciating vehicles

•Most beneficial part of leased cars is that the breakdown cost doesn’t fall on you. It is in fact the leasing company’s responsibility to fix the car

•With the options such as straight lease or lease purchase once can gain the advantage of buying a car at the end of the lease term

Want to be one of those intelligent people who prefer to lease or rent vehicles? Then simply see her for making the best kinds of deals in the present day market.

How To Decide Whether To Lease Or Buy

When you choose to buy a vehicle, all the repair costs, depreciation and servicing costs are all yours.Unless your finances are strong enough you cannot choose to buy. Leasing saves you from additional servicing costs as the payments are spread across a period of time. Leased vehicles are not your assets. Therefore you can use them to pay off your business debts. Now that you have decided to make the best decision of leasing vehicles, let firstlease help you out in carrying forward your decision.

How to Find the Best Deal for More than One Car

There can be many reasons why you might want to get insurance for more than one car; you might be part of a family that needs at least two cars, or you may want to simplify your insurance by getting all cars at the same address on the same policy. Getting a multi car insurance from providers such as 豐亞保險 can end up saving you money if you can take advantage of discounts, but should be approached with some caution over getting the right deal.

In the case of multi car insurance, you need to be clear about which insurance provider will offer different policies and discounts. When you get different cars with the same insurer, you’ll still have to pay individual premiums, but with the opportunity to receive a discount for having multiple cars covered by one company. Having the same renewal date can also make it much easier to stay on top of payments, and to work out the annual cost of premiums.

At the same time, however, you’ll have to be careful about the policy terms for individual cars. You might find that some vehicles will have a higher premium than other, as well as different voluntary excesses that can affect how much you stand to pay. The key benefits of getting more than one car covered by one insurance company are the convenience and the potential group discounts, as well as the ability to build up a stronger degree of loyalty with one provider. Always check, though, whether you can get a better deal for individual cars.

You might benefit from a multi-car insurance policy if you have similar vehicles that can be placed together under one umbrella policy without having significantly different premium payments. When looking for deals on insurance for more than one car, you should also ensure that you compare the market as much as possible for individual policies, even if you’ve been with the same provider for several years; you might be able to save more money by switching.

There are also many ways in which you can reduce the cost of your premiums, which can include having an experienced named driver to lower the overall cost of policies that have young or new drivers on them. Again, you’ll need to work out individual circumstances for drivers and how much risk they’re likely to be taking on before you agree a long-term policy. It’s similarly important to check what voluntary excess you can select to reduce your premiums.

In this context, it’s worth investigating multi car insurance as a way of getting a deal for more than one car; however, it’s also worth remembering that single insurance policies for individual cars can sometimes work out cheaper if you have several different types of driver and models to insure. Comparing the market and finding out what policies are available for multi car insurance online can help you, though, to make a more informed decision over what policy is right for you.

Author Bio

Claire Eriksson blogs about how to get the most out of your insurance. She recommends looking into insurance for multiple cars at 豐亞保險 She also writes about her recent travels in South East Asia.

How To Find The Best Used Car For The Money

Although there is nothing wrong with purchasing a brand new vehicle, it can eventually become a financial burden if you are on a limited budget. Fortunately, there are thousands of high-quality vehicles for you to choose from on the used car market. If you are lucky, you may even be able to obtain your dream car at a fraction of the cost of a new one. Here are some tips on how to find the best used car for the money.

Shop Around

When shopping on the used car market, far too many people choose the first car that they happen to run across. This is not a wise idea because you could end up missing out on an even better deal. A better approach is to test drive at least a few other cars before making your final decision.

Vehicle History Report

Unfortunately, some people tend to stretch the truth when it comes time to sell their vehicle. Obtaining a vehicle history report will give you an extra dose of confidence when purchasing a vehicle. The last thing that you want to do is to buy a vehicle, only to find out that is has been in a major wreck or flood damaged.

Bring a Mechanic

If you have very little experience in the inspection of a used automobile, bringing along a mechanic could save you a major headache in the long run. A knowledgeable mechanic will know all of the key components to check on the vehicle. The additional peace of mind will surely ease your apprehension.

Shop Every Source

Do not make the mistake of limiting your sources when shopping for a used vehicle. Used vehicles can be found via the internet, newspaper, car dealership, or even by word of mouth. There are plenty of high-quality Kansas City Used Cars for sale, so you should have no problem locating the perfect ride.

Do Your Homework

If you find a used vehicle that catches your eye, be sure to check out the reviews for that particular model. Some of the essential things that you will need to know include the gas mileage, problem areas, and long-term reliability. This will prevent you from getting the infamous “buyer’s remorse”.

Even if you do decide to get a brand new ride in the future, a quality used vehicle will be able to satisfy you until that time comes. The savings can be used to pay for some of your other important bills.

The Real Cost of Car Ownership: From Purchase Price to Insurance Premiums

New car sales have soared at the beginning of 2013, continuing a trend that was first established in the final financial quarter of 2012. The total volume rose by 5.9% along during March and has continued to soar since, and this reflects both a surge in consumer confidence and the dramatic rebirth of the automotive trade as a whole. While this undeniably positive news for the nation as a whole, however, the costs associated with procuring and owning a new car are considerably high and must be given careful consideration before any firm financial commitment is made.

Considering the True Cost of Car Ownership

With this in mind, what are the individual costs that determine your overall liability as a new car owner? Consider the following: -

  • Purchase: The first cost that you will need to consider is the purchase price of your chosen model, which will vary depending on the manufacturer in question and vehicle’s unique specification. While your first instinct may be to negotiate on the sale price, this is more difficult with new cars as their value is determined in line with the existing market. You will therefore need to compromise on your chosen vehicle, and consider the long term impact of monthly finance repayments. While even high ticket prices can be paid in monthly instalments over an agreed period of time, you will need to ensure that you have the capacity to meet this commitment without fail.
  • Insurance Premiums: Perhaps the most important cost associated with car ownership is related to insurance, as without viable coverage you are not permitted to drive on UK roads. You will usually pay your insurance premiums on an annual basis, but the cost can soar depending on your age, history and level of experience as a driver. There are several steps that you can take to minimize this cost, however, and shopping around to compare a comprehensive range of deals is an important stepping stone to achieving this goal. If you are a young or inexperienced motorist, then you may also wish to add another car owner to your claim, so long as they have a clean driving history and years of expertise behind them.

  • Maintenance: Maintenance is a cost consideration that can all too easily be avoided by motorists, under the mistaken belief that they can save money by ignoring minor faults or blemishes. This is a flawed strategy, however, primarily because ignoring damage in the short term can lead to more serious issues that require a significant amount to repair. By investing in a regular program of maintenance from the moment that you purchase your car, you can dramatically reduce the cost of long term vehicle ownership. In addition to this, you may also look to learn various car maintenance techniques, especially simply exercises such as changing tyres and replacing oil.

The Bottom Line for Consumers

Before you purchase a car, you will need to consider the true cost of ownership and your responsibility as a motorist. This will have a direct and positive influence on the decisions that you take as a driver, especially with regards to the amount that you spend on purchasing a new car, maintenance and your insurance coverage. This applies to both recreational and commercial drivers, so to find out more about your financial obligations as a motorist visit today.

3 Ways to Modify your Car: Improving its Performance and Visual Impact

At present, there appears to be one question that is going answered in the UK: is the country facing a recession or not?

Growth in the new car sales market would suggest not, as August saw demand grow for an 18th consecutive month. While economists are adamant that this alone is not proof of wider economic growth and expansion, it certainly suggests that consumers are willing to spend more on purchasing and maintaining their vehicles.

This brings us neatly onto the car modifications market, which continues to gain in popularity among British customers. Thanks to technological advancement, motorists can now enhance their car in a number of alternative ways, whether they look to improve its performance or the visual impact that it makes on others.

3 Wildly Popular Car Modifications

With this in mind, what are the most wildly popular car modifications and how do they benefit motorists? Consider the following: -

New Air Intakes and Exhausts

Drivers and manufacturers are often at odds when it comes to prioritizing what they want from vehicles, which goes a long way to explaining why modifications are so popular. Take your cars air intakes and exhaust pipe, for example, which are often designed in a way that reduces assembly cost regardless of any impact that this has on performance. Many drivers therefore look to replace these components with a view to aiding the free flow of air and delivering the best possible fuel efficiency while in transit, which has potential cost implications in terms of operation and maintenance for the future.

Reducing Weight as a Way of Improving Performance and Power

While is stands to reason that reducing weight should enable your car to go faster, this remains the easiest and most cost-effective way of improving your vehicles speed and performance. The performance of you car is dictated by a simple power to weight ratio, so a handful of elementary modifications can quickly optimise the speed and efficiency of your vehicle while it is out on the road. It is quite amazing how the removal of spare rear seats, wheels and roof linings can aid the performance of your car, and all without the need to invest a single penny of your hard earned money.

Aesthetic Modifications for Image Conscious Motorists

We all know how boys and girls can feel about their cars, so there is often a desire to implement aesthetic modifications that make a vehicle unique. The most popular of these is the addition of personalised or unusual registration plates, which are available through numerous suppliers such as Plate Hunter. Whether you wish to create a plate that bears your initials or a word that represents something that is close to your heart, this type of product offers you a unique opportunity to customise your vehicle and modify its image and visual impact on the world.

Purchasing a Car in 2013 – A Guide to Getting the Best and Most Affordable Deal

Purchasing a car is a challenging and often costly exercise, even without the pressure of an economic recession. Once high unemployment and minimal disposable income have began to take hold, however, sourcing an affordable deal can prove almost impossible.

One of the most significant issues facing consumers in the modern day is spiraling debt liability. While the media may be getting swept away with talk of a thriving economic recovery in the UK, for example, this is being severely undermined by rising levels of household and consumer debt.

Purchasing a Car and Managing your Finances: A Delicate Balance

With this in mind, the purchase of a car can be the kind of expense that adds significant weight to your existing financial burden. This means it is crucial that you are able to purchase a functional car without breaking the bank or being forced to commit to unmanageable monthly repayments. Consider the following: –

Be Prepared to Compromise on your Choice of Vehicle

The rising level of consumer debt in the UK has led many economists to suggest that citizens have not heeded the lessons of the last global recession. There is more than a semblance of truth in this, so you must be prepared to select a car or vehicle that is comfortably within your means. To achieve this, break down the cost of the financing agreement into monthly repayments rather than basing your decision on the bottom line value of the vehicle, as this will ensure that you are able to afford the car over a four or five year period.

Identify Cars that Have a Reputation for High Quality Engineering

The financial implications of car maintenance are often underestimated by motorists, but regular repairs and modifications can add considerably to the cost of making repayments. To avoid this, it is worth conducting thorough research into your desired vehicle and paying particular attention to its level of engineering and precise specification. There are world renowned engineering firms and car component suppliers that have a well deserved reputation for excellence, for example, with RD Castings providing a relevant example. With this in mind, you can rest assured that car manufacturers who partner with this firm will deliver a reliable and high performance vehicle to customers.

Go Beyond Comparison Sites

The advent of comparison sites has allowed consumers to thoroughly appraise their options before purchasing insurance or entering into loan agreements. While these resources present a wide range of options and breakdown their individual cost, it is important to note that an increasing number of providers are choosing not to appear in these listings. The reason for this is so they can distinguish themselves from competing firms, and encourage you to visit their website independently. This is an exercise worth undertaking, as although it time consuming it gives you an opportunity to find the best possible deal.

The Last Word

Regardless of whether you have a bad credit rating, minimal financial resources or a fundamental lack of knowledge concerning cars, there is ample opportunity to secure financing and purchase a high quality vehicle. This is only true, however, if you have a clear understanding of your financial limitations and are willing to invest time into finding an affordable deal. Without this, you run the risk of purchasing an overly expensive vehicle or entering into a financial agreement that you cannot adhere to.

The Benefits of Van Hire and how it Can Assist Motorists

As a driver, it is tempting to use your vehicle as a way of handling every conceivable logistical task and challenge. There are instances where this may not be the wisest move, however, whether this in because of financial costs, the potential risk to your vehicle or a host of alternative reasons.

With this in mind, there may be an occasional need to invest in hiring a van to achieve your logistical goals. As a motorist and frugal consumer, it is therefore important that you understand the benefits of van hire and the instances when it is a viable course of action.

The Benefits of Van Hire for Motorists

So let’s consider the major benefits of van hire and the instances when you should use it as a viable option. Keep the following points in mind: -

  • Moving House and Relocating: Regardless of the size or capacity of your vehicle, you may be tempted to use it to transport material items during a house move. This is often a false economy, however, as you may well end up making several journey’s and consuming a huge amount of fuel in the process. This can equate to far more than the cost of standard van hire, especially when you consider the competitive prices offered by reputable service providers such as the Yellow Van London Company Ltd.

  • The Transfer of Valuable Goods and Items: On a similar note, there may also be occasions where you are required to transfer goods to a friend or family member. Whether these are borrowed or have been purchased as part of a consumer agreement, it is important to ship them safely and in a timely manner. This is especially true if they boast a high financial value, and hiring a van to courier these items will provide additional protection through haulage insurance. This is not be underestimated, as it may save you considerable sums of money in the event of an accident or collision.

  • Travelling on a Domestic Holiday: Different cars have alternative fuel economies, and more powerful vehicles cost more money to operate on a daily basis. This means that if you own a high performance car, the cost of using it to travel cross country or on a domestic holiday may prove to be prohibitive. Van or mini-bus hire may therefore be a more cost-effective solution for large travelling groups and families, as each passenger can contribute a percentage of the overall rental fee and fuel expenses. This options also protects your vehicle from wear and tear, which in turn may save you money in the longer term.

The Last Word

While van hire requires an initial financial investment, this can often deliver long term benefits and gains that should not ignored. When you consider factors such as financial costs, fuel economy and the issue provided by uninsured goods, van hire may actual represent a more cost-effective and convenient solution to using your own vehicle.

Saving Money through Car Maintenance: How to Make Financial Savings

While consumer spending took an unexpected nose-dive during August, the fact remains that it has risen steeply since the turn of the year. This reflects rising levels of confidence in the British economy, while it also suggests that individuals are willing to spend more on small and big ticket purchases.

This can be a double edged sword, however, primarily because increasing your household spending can leave you exposed to a sudden job loss or unexpected bill. As a result of this, it is important to seek out financial savings at every opportunity.

Saving Money through Car Maintenance: 3 Tips for Frugal Living

One of the best ways in which you can save money is cutting the cost of car maintenance. It is important to do this without compromising the performance or safety of your vehicle, however, so there are several tips that you should bear in mind. Consider the following: -

  • Learn the Art of Basic Car Maintenance: Car maintenance features both basic and complex processes, each of which must be careful consideration by vehicle owners. The most simple tasks involve changing your car’s oil and tyres, and you can save considerable sums of money by learning how to complete these by yourself and on an independent basis. It is important to identify the tasks that are within your skill range, however, so that you can save money while also maintaining the integrity of your vehicle.
  • Partner with a Reputable and Affordable Mechanic: For the tasks that are more complex and require a trained hard, your choice of mechanic will also have an influence on the amount that you spend. It is therefore important to partner with a reputable firm that has a fair and transparent pricing policy, so that you can strike the ideal balance between cost and quality. It is also important to identify whether or not your chosen service provider has access to high quality equipment, such as items from the Scot Air Compressor Range which play an integral role in performing complex auto repairs.
  • Be Proactive when Monitoring your Cars Performance: One of the most important facets of car maintenance is identifying faults at an early stage, as this has the potential to save you huge amounts of money. If faults are allowed to develop they can become far more problematic, which in turn can trigger more substantial issues and escalating costs. By being proactive and establishing a regular routine whereby you evaluate your vehicle’s performance, you can spot problems at an early stage and solicit professional assistance while it is still viable.

The Last Word

Maintaining your vehicle is an important and costly feature of everyday life, but it also provides an ideal opportunity for you to make vital savings. Simply by making a commitment to learn the basic features of car maintenance and shopping around for the best possible service providers, it is possible to save money without compromising on the performance or safety of your car.