Insurance and Finance Guide

How do I file a claim on a policy to innocent third parties?

Posted by admin on February 7, 2013 in Auto Insurance with No Comments


In case you have contracted a liability coverage and the accident was not your fault, the next steps will begin with the signing of a party (or a certificate in case there are other vehicles involved in the accident. The crowded is raised by local police or Civil Guard traffic). Then you must deliver the crowded part or your insurance company to report the occurrence of the loss and you can take your vehicle to the shop of your choice (remember that the company can not choose the workshop you can take your vehicle). After the workshop, an expert titrate the damage to the vehicle and submit a budget workshop.

At this point is when the process more expensive for your company, it is the claim of compensation to the insurer of the party at fault in the accident. Once the company has agreed otherwise payment of compensation, your company will inform you of the proposed settlement or the payment of compensation.Once you are happy with the budget you give your approval for the repair to your insurance company and it will do the same to the workshop.

How do I file a claim on a policy to blame others?

Posted by admin on February 6, 2013 in Auto Insurance with No Comments

In case you have contracted a liability coverage and the accident was your fault, the first step of processing is the signature of a party (or a certificate in case there are other vehicles involved in the accident. The crowded is raised by local police or Civil Guard traffic). The next step is the delivery of the crowded party or the insurer in order to report the occurrence of the loss. Then you can take the vehicle to the shop of your choice (remember that the insurer can not force you to take the vehicle to a specific workshop).

Having contracted a third party insurance, the insurance company will not cover the repair costs for damage suffered in your own vehicle. However, if physical damage occurs in the conductor, a doctor would assess the damage and the insurance company will compensate the driver.

How do I file a claim guilty in a blanket insurance policy?

Posted by admin on February 5, 2013 in Auto Insurance with No Comments

In case you have hired all risk coverage and the accident was your fault, the first step of processing is the signature of a party (or a certificate in case there are other vehicles involved in the accident. The is cluttered up by local police or Civil Guard traffic). The next step is the delivery of the crowded party or the insurer in order to declare the occurrence of insurance. Then you can take the vehicle to the shop of your choice (remember that the insurer can not force you to take the vehicle to a specific workshop).

Once delivered to the insurance part, an expert will assess the damage and make a budget workshop in the cost of the repair. Once the user is satisfied with the budget given their agreement to repair your insurance company and it will do the same to the workshop.

If there has been injury to the driver, the steps would be the same, but in this case the damage assessment would be performed by a physician.

When doing car insurance comparison, prices do not get some of the insurance companies with which they assert have Why?

Posted by admin on February 4, 2013 in Auto Insurance with No Comments

Insurance companies are not willing to offer insurance in all cases. Depending on your risk profile as a driver and your vehicle will be more or less willing to make sure companies. If you are older than 25 years, wearing many years as your primary insurance policy holder and has not given parts (especially those guilty in which a third party is involved), your vehicle is not large displacement, save it to a garage and grab occasionally, your risk profile is very low and almost certainly will want to make sure all insurers, and a very competitive price. Once your risk profile is higher, the price goes up policies and low product availability.

How I can be sure that the price you get to ask my budget for car insurance is the cheapest?

Posted by admin on February 3, 2013 in Auto Insurance with No Comments

For example, in Spain there are around 50 car insurance companies. However, the 17 largest account for over 90% market share of our country. These companies are Mapfre, Allianz, Axa, Mutua Madrileña, Hotline, Zurich, Reale, Pelayo, Generali Insurance, Groupama, Liberty Seguros, Caser Seguros Catalana Occidente, Direct Insurance, Auto Genesis, and Segur Caixa Seguros Bilbao. Kelisto has more than 20 companies in its car insurance comparison, in order to give the assurance that, in each case, the price you get is the cheapest available in the market.

Is the price I see on the car insurance comparison is the same as if asking each insurer directly budget?

Posted by admin on February 2, 2013 in Auto Insurance with No Comments

Yes Using a car insurance comparison like Kelisto not increase the price of your insurance. If you were one by one by each of the insurance companies offer prices that you would be the same through Kelisto, provided that the information provided is the same.

I want to change my company car insurance. When budget ask the different companies ask me for my insurance policy now. Is this legal?

Posted by admin on February 2, 2013 in Auto Insurance with No Comments

I want to change my company car insurance. When budget ask the different companies ask me for my insurance policy now. Is this legal?

Yes, it is legal. Companies want to know your history and your current company insured, so that can adjust your risk profile.

All insurance companies in Spain have created a file called SINCO in declaring all of its insured accidents, so that all companies can individualize snugly risk profile of each driver and vehicle. Obviously, you’ll want to change your insurance company will keep your bonuses for good driver. You only providing your ID number companies can consult the file and give you a price SINCO as tight as possible.

If I sell my car before the end of the insurance money back for me?

Posted by admin on February 2, 2013 in Auto Insurance with No Comments

The insurer will return only part of the relevant insurance legala if you want to, but there is no legal obligation. However, if you hire your car insurance with the same company, usually it will transfer the remainder of the money to pay for your new policy.

What I have to do if I want to renew my car insurance?

Posted by admin on February 2, 2013 in Auto Insurance with No Comments

To oppose the renewal of car insurance you must notify your insurance company through a written, certified, return receipt requested two months before the expiry of the term of the contract.

According to art. 22 of Law 50/1980 of the Insurance Contract: “The parties may oppose the extension of the contract by written notice to the other party, made a two-month period prior to the conclusion of the current period of insurance. ‘

Tips for a Cheaper Car Insurance

Posted by admin on January 29, 2013 in Auto Insurance with No Comments

We want to let you know the criteria that influence the calculation of your car insurance by insurers and offer advice that may well bring you a fee for your cheapest car insurance if you follow them. Sounds interesting right?, It notes.

The vehicle

One of the main factors that insurers need to calculate the amount of car insurance and give more weight to the characteristics of the vehicle to insure. And with features we refer primarily to the power, extras and vehicle age.

The power of the vehicle is an important point for insurers either horsepower or displacement. The larger, insurers more likely to contemplate an accident and therefore will ensure a vehicle that gives them a greater risk. This usually assumed that the price of insurance is higher so somehow lessen the risk being hedged. Even some insurers calculate the power / weight ratio of the vehicle and if it is too high, by company policy, would not ensure that vehicle. So if you are thinking of buying a car, keep in mind that the more powerful, probably have to pay for your car insurance.

Goodies including your vehicle, such as a sunroof, navigation, xenon, may also increase, although not very well, the safety of your vehicle. Currently automobile factories usually include these extras in a package or a specific model of the vehicle, so it is often not necessary and declare that they are included in the model of the vehicle you have stated in your policy.

Vehicle age also is a factor in the price although like the extras, the differences would not be very significant. The newer the car, the higher value and therefore will insurers be covering a good with a higher cost in the event of an accident. If your vehicle is less than 1 or 2 years and have an accident where repair is more than 75% of the value of a new vehicle, depending on the coverage of your insurance policy will reimburse you the price of the vehicle again. If on the other hand is older, you would typically pay you the market value. 

Despite these figures and periods vary widely depending on the insurance you have purchased or insurer.We recommend that you check these coverages before hiring your car insurance. The car insurance comparison of Kelisto can consult the general conditions of each policy. 

Accident history and age of the card

Another influential factor is a history of accidents. Insurers want to know if you are a good driver or if instead you are prone to accidents. To do this, you will be asked by the number of parties that have previously stated (usually in the last 5 years). Thus they can estimate the frequency with which you may have accidents.

The fewer parties have previously stated, generally the cheaper your insurance premium. It is very important to be honest and proportions this information as accurate as possible, just so you get the exact price for the profile stated. Otherwise, the insurance companies can know your history of accidents through SINCO file and if different from what you have communicated the final price may vary. 

The age of your driver’s license and also influences reflecting the experience you have behind the wheel.Some insurers require that the primary driver has at least two years of experience or a minimum of 26 years.

Other factors

There are many other factors that insurers take into account for the calculation of the insurance premium, even if they involve changes in the price less significant than before. Are factors such as: declare a second driver, planned to make annual kilometers, local primary driver, among others. 

Comparators car insurance online

Comparators are undoubtedly a very efficient tool. Filling out a single form you can get a list of prices for different insurance companies and you can also hire the one that interests you and fits your profile. This not only saves money, but also time in hiring your car insurance.


Financial Freedom, Step 3 Do not make ends meet?

Posted by admin on October 25, 2012 in Finance Knowledge with No Comments

If you’re following the series from ruin to riches in twelve steps , and has been doing the activities suggested, by this time you should have your first balance sheet (step 1 ) and a first assessment of income and expenses ( step 2 ).

If you come here, you’ve come a long way, has targeted all income and expenses you’ve had in a month . Surely you’ve been a nasty surprise to see that you spent more money in the account in some other nonsense. It is also possible that you realize you spend more than what you enter. Of course I say that you already knew that you needed no accounting for it. Well if you needed, because now … can budget.

And because it is so important to budget, because you can control your expenses before they occur.

How do we make a budget ?

  • Budgeting begins the 1st of every month (we’ll assume you charge the last day of the month). Get together with your partner (if you have it) to decide how you are going to spend the money.
  • Payroll points that income, and all you have reasonably foreseen charge throughout the month, first of all.
  • You pay yourself first, we’ll see what that means. For now, dedicated to saving a percentage of the revenue. Ideally more than 10%, if you can, starting this month with 1% and going up every month. Separate it and not touch it!
  • Divide the remainder, all among all categories of spending you were detected by pointing your expenses.
  • Do not forget to budget for monthly expenses that are not (insurance, college tuition, …). Separate these amounts in another checking account for no touching. That way, when the day of payment, I have saved.

Let’s see a sample budget:

INCOME    € 2,535.00
Payrolls    € 2,500.00
Interests          € 10.00
Other Income          € 25.00
Savings / investment       € 200.00
Online Account       € 100.00
Pension Plan       € 100.00
EXPENSES    € 2,335.00
Feeding       € 300.00
Wardrobe       € 150.00
Hygiene          € 50.00
Health          € 25.00
Transportation       € 175.00
Training          € 15.00
Dwelling       € 300.00
Leisure       € 250.00
Taxation          € 50.00
Amortization Mortgage Loans       € 300.00
Loan Amortization Cohce       € 150.00
Mortgage Loan Interest       € 300.00
Car Loan Interest          € 50.00
Depreciation Balance Cards       € 100.00
Balance Interests Tarjates          € 25.00
Insurance (1/12)          € 25.00
Tuition University (1/12)          € 70.00


Once the budget, you have to give up . That is, you have to keep pointing where you spend your money. That way, you can control if you’re exceeding in any game and compensate with another.

For example: At day 20 you see that you’ve spent all the money you had budgeted for Leisure (250 €)) You can do three things:

  • Stop spending on leisure until next month.
  • Compensate with other heading. For example, following the example as costume has only spent 100 €, you could use the remaining € 50 leisure.
  • Make extra income. It is what I like. Keep turning your head to see how you’ll be able to afford that expense (extra hours, some part-time work, some for sale on ebay, whatever …)

And so until 30/31. Surely your budget has not been perfect, you’ll have to go adjusting each month , the more you do, the better you will. If you have left over (or missed), some money, nothing happens. If you save it has left, and if you have missed, you subtract the following month.

I assure you, just follow these three steps you took so far :

  • Balance Sheet.
  • Balance Income and Expenses.
  • Budget.

Your financial situation will improve substantially . You will be free of the band that you could not see where your money went. Now you know and you are in control. Congratulations!

Do not miss the next step. You pay yourself first. It is the cornerstone on which the whole system supports saving / investment that lets you reach millionaire.

And you, what do you usually budget the cats before they occur?

Financial Freedom, Step 2: Where does your money go?

Posted by admin on October 25, 2012 in Finance Knowledge with No Comments

We continue with Chapter 2 of the series from ruin to riches in twelve steps .Once seen step 1, by now you’ve already made your first Balance Sheet.already know what you have. Next month, if you ever make the balance again, check that your wealth has increased or decreased, but did not know why. The balance sheet is a financial statement static, like a picture of your finances at any given time. To know that you went through, for example, a net capital of € 50,000 to € 51,000 other need another type of analysis, and this we provide the balance of income and expenses (also known as Statement of Operations).

This balance of income and expenditure is, in my opinion, more important than the last. Is that will allow you to check where your money is going . I’m sure you all know what you charge each month, but it sure apart from your mortgage and / or car, you have no clear where the money ended up costing you both win. And I assure you that nonsense goes, small silly things which altogether. How do we balance?

Point the Initial Balance all your means of payment:

  • The balance of the primers and / or savings accounts.
  • The balance of the card.
  • The money you have in cash.


Separate your spending into categories.

Input not be too ambitious, let’s simplify. As we go down smoothly lame to detail. Examples of categories:

  • Food: Money you spend on food. If you eat out due to work, maybe it’s a good idea for you to think otherwise.
  • Costume: Clothing, Footwear, Accessories, …
  • Health / Beauty: Beauty Products Personal Hygiene …
  • Health: Doctors, medicines, and health insurance mutual …
  • Transportation: Costs associated with maintaining your vehicle, car insurance. Public transport, …
  • Training: Courses, Seminars, Books. If you have children, create another category for these expenses.
  • Housing: General Supplies ( light , water, gas, telephone, …), community ownership, maintenance, insurance …
  • Leisure: This category is you have to break down according to your leisure habits. Here you will be more money than you think.
  • Gifts : eye with what you spend on gifts .
  • Taxes: Income, the circulation, the IBI, the Waste …
  • Amortization Loans: When you pay a receipt of a loan, a portion is return of capital that the bank has given you, and the other is what you pay to the bank lend it. Aim here the principal amortization.Create as many accounts as you have different loans.
  • Expense : here imputes the payment of your loan is interest payments. Scare your floor when you see what you pay twice, once to the former owner and a bank.
  • Savings / Investment: Here are aiming to not spend money.Savings accounts, deposits, pension plans, …


Aim every purchases and payments you make (and how the method of payment you make). ALL .

  • During the day you can do it in a notebook that you carry over, or, if you have a smartphone, you can download any software to your mobile phone to help you record transactions.
  • At night, when I get home, go to cash transactions and block the account balances. For example: If you had € 100 to start the day in cash, and has spent 35 € you have to be 65.
  • If you bank online, reviews the operations you have registered. If you have online banking, updates the book at least once a week.
  • Leasehold operations book and online banking to a system that allows you to exploit the information. For example Excel, or an accounting program if you know accounting, or a program of personal financial management (possibly serve you which you got off the phone). I can advise you on managing software page for all finance , will serve to monitor spending and budgeting.

Undoubtedly, this is an exercise that you will require a lot of discipline. If you think you will not be able to do forever, at least I invite you to do so for a month, you will be surprised the money you spend on little things you did not count. Here I leave some suggestions:

  • Saves all tickets and receipts.
  • All you can pay by card.
  • Cuadra box every day.
  • If your partner does not want to cooperate and no point in what you spend the money, do not stop you in your desire to do the bookkeeping. Believe a category partner and hence underpin remove all the money in cash. At least you can keep all receipts and bank everything you spend. At the moment you begin to show the benefits of controlling your personal finances, you may also be encouraged.


Finally, the last day of the month, add and command information, for example, as follows,


INCOME    € 2,535.00
Payrolls    € 2,500.00
Interests          € 10.00
Other Income          € 25.00
EXPENSES    € 2,315.00
Feeding       € 300.00
Wardrobe       € 150.00
Hygiene          € 50.00
Health          € 25.00
Transportation       € 175.00
Training          € 15.00
Dwelling       € 300.00
Leisure       € 250.00
Taxation          € 50.00
Amortization Mortgage Loans       € 300.00
Loan Amortization Cohce       € 150.00
Mortgage Loan Interest       € 300.00
Car Loan Interest          € 50.00
Depreciation Balance Cards       € 100.00
Balance Interests Tarjates          € 25.00
Other expenses          € 75.00
Savings / investment       € 200.00
Online Account       € 100.00
Pension Plan       € 100.00
(Income-expenditure-saving)       € 120.00


And you have the result of the month.! Maybe your test is negative, but now I know them, and besides, you know why it is negative. Now you can take action. The natural next step is, once reflected upon our consumption habits, make a budget to save on those items as possible, but this already falls within the step 3 we will see next week.

And as I said is that Charles Dickens:

“Annual Tickets: £ 20, costs for year: 19.60; result: happiness.

Annual input: 20 pounds; costs per year: 20.60; result misery “


And you, you manage your personal finances? What tools do you use?

Financial Freedom, Step 1: Know your status

Posted by admin on October 25, 2012 in Finance Knowledge with No Comments


To go to a site you need three things:

  1. Knowing where you want to go.
  2. Having the determination to go.
  3. And know where these …

In the case of your finances, you may not have clear none of these three points.I invite you to reflect on the first two, but I venture to suggest that dream of the stars, that determination can be found in this blog and in some of the books listed in the section Bibliography and go to work, and, in Point 3 : Know where you are …

Financially, it is very important that any time you get a report of your situation (eg to go to the bank to seek funding). One of the most frequently used reports to reflect the reality of your finances is the Balance Sheet.

This balance is a list of your assets and your liabilities , the difference is yournet capital. hell What these terms mean?

  • Assets: Are your assets and rights. For example your house, your car, the money from your savings accounts, …
  • Liabilities: Are your debts and obligations. For example your mortgage, personal loans, credit cards, …
  • Net Capital: The difference between the two. Hopefully in your case is positive!, That means you have more assets than liabilities. If you are curious to know mine, you should check on the website goals.

Maybe it sounds a bit complex, but let’s do it step by step, I suggest you use a calculation sheet (like Excel) or only on paper:

  1. Select a cell in Excel and begins to relate, from top to bottom, all your assets and report their values. Search deeds and bills if necessary. Only if they have been depreciated (lost value) value them at market price , otherwise the price apúntalos cost you.
  2. Separate them into two blocks, first assets you create wealth (with the money you earn) and secondly Assets “dummy” that are costing you money (your house, cars, …)
  3. Assets are usually ordered from lowest to highest liquidity, ie, above the ones you monetize cost (eg your home) and down the least (primers and money itself)
  4. Add the value of all elements

For example:

Real assets
Floor (you have rented)    € 150,000
Pension Plans      € 20,000
Investment Funds        € 8150
Actions        € 3500
Treasury Bills        € 1000
Deposits        € 3000
Current Accounts        € 2150
Cash          € 350
TOTAL    € 188,150
Fictitious assets
Your house (where you live)    € 200,000
Your car      € 20,000
TOTAL    € 220,000
TOTAL ASSETS    € 408,150

Well, we have the assets, we are on the liabilities. The steps are similar:

  1. Select a cell in Excel and begins to relate, from top to bottom, all your liabilities and report their values. Aim only the amount that is left pending.
  2. Liabilities can not separate them into real and fictional (try to tell your bank that you owe him is fictional!). Maybe you like separate by maturity (which expire over a year and that unless)
  3. Liabilities are usually ordered from low to high chargeability, ie above which expires later and down earlier maturing
  4. Add the value of all elements

For example:

The mortgage on the flat    € 100,000
The home mortgage    € 150,000
The car loan      € 20,000
The loan reforms      € 10,000
Credit cards        € 2500

Now that we have the assets and liabilities, the subtract and that’s yourEQUITY CAPITAL : € 125,650

Observations to make:

  • This is the balance you have to lead the Bank (I assure you that the Bank employee will be amazed when you present). However, for your control is more appropriate than in the Balance Fictitious Assets not tell , do not represent wealth for you, are expenses.
  • Almost all real assets are generating passive income. invest wisely in Charge of these assets.
  • The ASSETS LIABILITIES + equals the net capital.

Next Steps:

  1. Make now your first balance sheet.
  2. Reflect on what you see, especially in differentiating Assets from fiction.
  3. Your liabilities, are good debt (has contracted to pay the real assets) or are bad debt (has contracted to pay the fictitious assets)?
  4. Redo the balance at least once every month.
  5. Take a graph of the evolution of your net capital. It is quite motivating to see how it grows!
  6. Do not hesitate to contact me if you have questions.

we will continue with step 2 and leave you here an index to the page with the Twelve Steps .

How to Get a Loan in 2012?

Posted by admin on October 25, 2012 in Bad Credit Loans, Bank loans, Car Loans, Dollar Loans, Home loans, Loans, Student Loan with No Comments

To begin with, I’d like to think that you have an emergency account that you set covers several months of your expenses, your only debt is your mortgage and therefore this article is of interest to you.

However, the reality is often another and everyone (including servers) we had to request at any time a credit staff …

As you know, gone are the days of easy money and cheap for everyone .Today, ask a person loan bank l has become quite an ordeal. Where once it was enough to go to the cashier and accept a loan precondition, we must now come to the office and suffer a full-blown audit . The procedure has become almost a test that our job is to convince the bank employee to give us the loan and obviously in the best conditions.

So be prepared that interview. I leave some tips to make a success of the negotiation:

Try not to look desperate . We should not go with an attitude of “yes to all” and, above all, no “you cry” to the bank, the tears are staying home. If the bank detects that we have a great need of money may suspect that we will have difficulty in the future to pay and, as a lesser evil, we will place less favorable conditions if our attitude is more of  “I need a loan but if you give me you, gives me the opposite. “  This is not to sound arrogant, just have to convey self confidence.

Take an interest in the conditions . Take home made ??numbers, as calculated by simulating the loan would cost you in a web or excel in this blog have several tools and an exclusive page ( comparator products ). Better yet, go to another bank than usual yours and ask them a loan simulation. We will provide training and have a basis for negotiation.

Basic things you should ask the interest rate, fees and expenses. Especially early termination because trasmites the bank, in addition to meeting the payments, you think you will have ability and willingness to overtake. If you feel confused when comparing loans, stay only with the value of the APR.Simplifying it, you want the loan with the lowest APR.

And take some time to think, take the papers home one day and read them.Otherwise we fall into the error above: look desperate and we deny the credit.

Justify why you want the credit . If you need a loan for something, and it’s best to explain or give any convincing reason, that sounds responsible. You’ll have more success if you say it is to fix your car, you’re going to work, that for a Mediterranean cruise.

Some entities do not ask the reason for the credit, but these tend to be companies fast loans or mini-loans as Cofidis. As the interest they charge are usually higher than average, you advise as the last measure (like “pull credit card”), provided that you understand all the conditions that will apply.

If we have positions in the bank, you can negotiate.  Whether we have deposits, pension plans, payroll or other products that the bank will keep interest, we can use them as a weapon for us to provide the loan, even so we offer the best conditions (if our position is loose). But they need to calibrate the bargaining power without overdoing. Of course, if the positions are loose, better get rid of a deposit for which you get a 3 or 4%, to pay for a loan over 10%.

By the way, for your mortgage bank is not a big deal, it’s more of a hook to catch you and put you other products more profitable and beneficial for them.

Demonstrate solvency.  need to know our strengths and to assert solvency to the bank. If we have job stability, a promising career and an impeccable record with the company, we use it to defend our bid for funding.

Finally, one last tip.  reflects in depth if you need the loan.  Whether it is for a consumer to acquire, analyze if you can wait to buy it once saved the money, and if it is to cover debts , perhaps these plugging a hole opening another worse : to the original debt are adding this new interests.

Typically, the need for a personal loan is a reflection of poor planning and financial education and only what you advise if timely and caused by an unforeseen emergency (communion of your children, Christmas, holidays, the payment of insurance, … are not an emergency, are known events and bakery )

How much does a car hold? Should I buy a new one?

Posted by admin on October 25, 2012 in Car Loans, Loans with No Comments

My oldest niece, Marta , has taken the driver’s license this week. Serve this blog to honor her and congratulate her. Marta also studying and working, and her sister Mary , and as my brother Daniel (all under 22). Fortunately, and despite the current situation, there are young people who deserve our respect and recognition , not all are lazy “ni-nis” (neither study nor work). By the way, these young “if-sis” will have to finish keeping for life, via their taxes, the other (the “ni-nis”). The system is not fair, but it is what it is, do not be apart of your goals.

But let’s focus, this blog being one of finance, I’m going to afford to advise whether or not Martha bought a new car . To begin, let my accounts and see how much it costs each year to keep a car …

The premises of study, they will be easy, we will take all costs associated with the car in the first five years and divide by five .

  • The car is a Ford C-Max 1.8 TDI (diesel) bought new (error …). The purchase price of € 19,900 to those who’ve taken the road tax for the first year.
  • We fund € 15,000 five years (second mistake …)
  • We conducted some 60,000 Kms those five years.
  • We live in Catalonia , for what it represents in tolls …
  • The tax on vehicles is paid in Sabadell, are 143.88 per year.
  • The three first years the car was insured against all risks (about 900 €). From there to third extended (about 350 €).
  • In those five years we have not had any repairs or damage , maintenance costs are annual, ITV and the cleaning of the car.
  • Whereas it is optional, I’m not counting the parking space to rent you paid € 50 more per month.
  • By the same reasoning, I’m not counting the annual fee of the RACC .

Numerically, it is:

Car Purchase Price € 19,756.12
Financing (15,000 €) € 2,648.39
Diesel € 4,607.73
Tolls, and Parking € 1,705.36
Car Tax € 719.40
Insurance € 3,442.66
Maintenance € 1,666.92
TOTAL 5 YEARS € 34,546.58
ANNUAL € 6,909.32
MONTHLY € 575.78

That is, each month were € 575.78 who have gone to the car … (and I repeat, not including parking or RACC). Viewed in retrospect, financial nonsense .

And what will happen after the sixth year, you no longer have to pay the car loan:

Diesel € 4,607.73
Tolls, and Parking € 1,705.36
Car Tax € 719.40
Insurance € 1,825.00
Maintenance € 1,666.92
TOTAL 5 YEARS € 10,524.41
ANNUAL € 2,104.88
MONTHLY € 175.41

Well that’s what it takes to keep a car a month, € 175.41 . I have not taken into account that being older, the maintenance will tend to go up as the car go having breakdowns. Of course, the data will vary widely depending upon the car you have and the miles you do, but may be giving you an idea of which way the numbers. Again, this is the need for accounting to find out these things.

Finally, I would like to give Marta a few tips:

  • Do not buy the new car , € 175.41 depreciate very fast. Find a car third year with few miles and in good condition. It’s not easy, but you can find and you will save a paste.
  • No financies the car . Try to pay cash. If you can, once you pay the first, stretch every year you can and save for next. If you still want to finance the car, dealer financing contrasts with that of banks. Enjoy the blog comparator tools to get an idea of the best loans.
  • No need to change the car every time I’ve paid (usually 4 or 5 years). The car is a symbol of your social status, or your level of wealth (rather than your level of debt) and, of course, does not define you as a person category. Do not be superficial.
  • If you already have car home, evaluate whether you can arrange to avoid buying another . The annual fixed costs are important regardless of the use to be given.

If you still want to buy the new car, some tips for negotiating with the dealer .

  1. Go to first dealership and say you do a budget, warning him that you will go to another dealer to compare.
  2. Go to the second dealer, tell them you have a budget but do not teach. To adjust prices.
  3. If you have improved the offer, do not accept it yet. Go to the first dealer and tell them you have improved the deal you made. You decide whether or not to teach, but if you make a final counter offer and you decide, it is unlikely to get more discount that you have offered this last time.
  4. Hold on to make ends meet, or better, at year end. At that time, dealerships may feel more pressure to end the year and to close some selling may offer you a discount more.

I think you will not get any benefit over two dealers visiting. One last tip, new cars, dealers have little room for maneuver with the brand, you can seek zero miles get best price and negotiate more aggressively.

Again, Martha, Congratulations, and the best advice of all, ask the car to your parents that you will be cheaper!

And the other how much you spend a month in car?

Do I really Need a Loan?

Posted by admin on October 25, 2012 in Bank loans, Car Loans, Credit, Dollar Loans, Home loans, Loans with No Comments

A few weeks ago I left a few tips if you had to apply for a bank loan. Before reaching that point, perhaps we should consider whether we really need that credit.

As we said, the times in which it was easy to get a loan or credit (and also relatively cheap) are over. In 2012, banks have tightened their financial and conditions for access to a personal loan , fast loan , etc.., causing many users to reflect on the appropriateness of applying for credit and the consequences thereof. So What you have to think before asking for funding ?

Know the five questions we should ask before signing:

1. Do I need it now?  I can not wait to save is the most important question. Financially, there is an important difference between buying something or having to fund cash installments. By funding, we assume a range of expenses: interest, fees, and other expenses. So, before funding any consumer item, we should ask: what has to be now? If you save each month, how long would it take to pay it?

An example:

After five years paying “letters” just pay our car. We considered buying the following, as the label is very ugly ITV on the windshield and also can not be your neighbors and have a better car cuñao and newer than yours (and handle marketing companies insistently that message to get us in the head). Let numbers:

For a loan of € 30,000 payable in 5 years at 10% APR ’41 give back to the bank € 38,244. (60 installments of 637.41)

For an investment of € 30,000 to 5 years at 4% APR ’74 need € 27,149. (60 installments of 452.50)

Let’s subtract ’41 € 38,244 – € 27,149 = 11,094 ’94 ’74 €

For that,  the difference is 11,094 € ’94 in your favor . Little joke …

Comments to note: The numbers have been calculated with Excel financial formulas. The APRs are indicative of what’s on the market today. I have omitted the effect of retention you could do hacienda on investment, the effect of inflation (which would favor the debt vs. saving) and the question of whether the car is cheaper today than five years.

2. Have I searched and compared to find the best deals?  Nothing, you still want a new car, that in three months you have a wedding and the whole family has to see that you are “a winner” … You go to the dealership and offers funding for your car. A wonderful plan that does not understand and end up on the “pay only” 300 € per month. And you say,  What is the APR? , and you answer “that’s not relevant” (I swear that happened to me) … Maybe in the bank will offer something better. Should ask and compare loans . The APR is the best reference you can have.

3. How much will I pay in interest, fees and expenses?  really makes up for all that money to pay more? Do the math, not only interest but also fees and expenses. Notice that in the case of the car, you pay € 30,000 € ’41 8244 financial expense. It may be worth extending the life of the car a few years.

Check out this article: points to consider when borrowing

4. Will I be able to pay the fee?  If you are not sure that you will not have trouble paying the fee, do not sign!. Calculate your debt ratio and try to be below 30% (income month / expense month). Right now, you should be clear that you have job security and sufficient income to meet the payment, otherwise the debt will multiply (compound interest is your greatest ally when you save and your worst enemy when you into debt). In addition, you run the risk of entering lists of defaulters

5. Do I understand the fine print?  If you have already decided on a particular loan, take your time before signing. As I said earlier, take the contract home and read it quietly you, anything you do not understand you resolve it. No issues be weighed / a, the bank staff is to answer your questions.

Summing up and recalling,  Reflect in depth if you need the loan.  Whether it is for a consumer to acquire, analyze if you can wait to buy it once saved the money. Use the rule of 30: Exit the shop and return within 30 days How has it impacted your life live without this product?. If it is to cover  debts , perhaps these plugging a hole opening another worse: the original debt are adding this new interests.

Typically, the need for a personal loan is a reflection of poor planning and financial education and only what you advise if timely and caused by an unforeseen emergency (communion of your children, Christmas, holidays, the payment of insurance, …  are not an emergency, are known events and bakery )

Simplify your life!

What do you think is the cheapest car insurance?

Posted by admin on September 23, 2012 in Auto Insurance with No Comments

The cheapest, c which best fits your need …Ask yourself how you want to be already covered, the levels of deductibles, and then compare your case to the formation of prices by insurers.For simplicity, consider some of your mileage, others value especially if you have a garage, and finally, each has its risk classification (and therefore prices) based on a geographic répartititon own. IF an insurer provides all Paris the same way, the price will be more or less advantageous depending on your place of residence only if it is a per arrondissemnt, neighborhood or street … c and ditto for brands, styles, finishes, drivers etc …Basically, prospecting a little … And pay attention to value for money … Insurance 20% cheaper, but that gives you an allowance of 800 euros for a single pip is worth in my opinion not worth it …

Insurance cheapest car, you will find it in the MSI as MACIF But beware, everything is relative. You pay less, of course, but we must see how you are compensated for accidents and unaccountable officials … must also take into account what you will be reimbursed according to the guarantees that you have chosen. A tip: you should read the terms and conditions which will be issued at a subscription contract your automobile.I advise you not to purchase bank … they are not yet very “pro” for insurance and only think about profitability.Another tip: request quotes from different agencies such as AXA, MMA, MACIF … asking the same guarantees of course! This is where you can really compare …

What is auto insurance the most reliable, interesting, and cheaper?

Posted by admin on September 11, 2012 in Auto Insurance with No Comments

Sweetie, this is the principle of insurance by phone cheap but you’ve for your money … direct customer assurance, I had an accident not responsible in November … I had to fight and wait until September of the following year to make me pay my deductible!you know, anyway, insurance is good only when it’s not!

I am at axa for almost 20 years and have never had any problems … windshield broken trip! support immediate replacement of the vacant place no charges … attachment not responsible or liable …. repair very fast and nothing to advance … I really can not complain but it is also because my agent is competent hyper … I now live in more than 600 km but it is set by phone in two minutes … super efficient … and unbeatable prices! by cons I refused to pay full price and have always negotiated contributions, I realized an average 30% saving on the normal price ….! I have friends who have tried the phone insurance, insurance live notemment, they did not stop until the day the praise …. at the slightest glitch, there’s nobody there and we’re more than a number ….! In summary, I would much rather be part of a large group but the most important is the broker itself is like a bank, there are organizations within the same good and bad advisors. .. but honestly I would not leave axa certainly not for another for insurance …. by cons I tried their mutual health, they are really not good ….