dept of finance

It is a little known fact that car dealers generally make more money out of selling extended warranties, accessories, and the like than they do out of selling the car. More often than not, once you’ve managed to argue your way to a reasonable price with the dealership’s representative, the guy in charge of automobile financing will try to sell you on things that they think you would be interested in. For the most part, automobile financing is a necessary evil because the average Joe just doesn’t have the money to pay for the car in cash, thus avoiding the complications of debt, interest rates, and the like. In such a situation, the options are either purchasing the car through some sort of financing agreement or buying through a lease.

Automobile financing can be obtained from a variety of sources. One of the most obvious sources would be the very same dealership that one bought the car from. The dealership usually offers financing fast and quick, and clear terms. However, one will have to put up with pushy attempts at selling add-ons like an extended warranty and potentially similar rates. Some dealerships also have higher interest rates during the first few months that can be potentially difficult for buyers. There is also very high pressure on the officers in charge of the dealership and financing, which then translates to added pushiness in selling customers assorted extras while discussing the details of the financing agreement with them.

If you are not sure or if you feel uncomfortable arranging a deal with the dealership, automobile financing is also available from a credit union or bank. The rates, when compared with a dealership, are more varied and more attractive in a bank. The interests on these loans are often spread out for the duration of the financing period, rather than lumped at the start or near the end. The bank also does not need to push add-ons for your purchase. Another feature that many find useful is the fact that the bank can inform you if they believe that you are paying more money than the car is actually worth. However, one sacrifices the convenience of speed when taking this option. A buyer can’t have the financing agreement set up over the weekend or overnight with a bank, unlike when arranged with a credit union.

A third option would be to go for an online company for your automobile financing needs. While the service is far from personal, the online company is, by far, the easiest option. An online company also has less qualms than a dealership or bank, if you don’t have a good credit rating. In addition, the agreement is quickly set up and the terms are competitive and varied, giving the buyer options to choose from in how they want their financing plan set up. One caveat about this option, however, is the fact that there are scams out there that seek to take advantage of car buyers with exceedingly good deals on financing. If one is not wary, one could easily fall into their trap.

Regardless of what method one chooses to use in automobile financing, there are risks to be considered. While there are other ways to go about the process, the three presented above are the most common and the most accessible for the average Joe. As with any other financial venture, automobile financing is not to be taken lightly and should be viewed as different for every situation. Some factors to take into account when considering what option to go with are one’s credit rating, the distribution of interest, the occasional discount based on geographic location, and factory rebates provided by the manufacturer.

Food service equipment financing is often needed for a company cafeteria or for a 5star restaurant. The need for financing food service equipment may be varied according to the situation and requirements. The food service equipment has great impact on customer perception and so any outdated inefficient equipment may lead to lose the prospective customers.

The food service equipment ranges from dining tables to computerized resisters need to inspire the customers which in turn can lead the smooth running of business. Therefore buying food service equipment with the assistance of financing companies is not an expense but an investment to any food service industry.

There are some legitimate financing companies that can help you handle your food service equipment financing needs. These companies offer financial assistance irrespective of the size or type of the food service industry. They also provide loan without any hassle procedures and within the specified time. Therefore you can seek the help of any of such companies to expand your food service business.

There are various types of food service equipment financing. The restaurant point of sale equipment may track sales and sometimes track ingredients also. For example the equipment may assist the chef in many ways like when to place order for vegetables, groceries etc. This can be quit sophisticated and so very expensive. Therefore point of sale equipment system financing is often required for running the business operations without any interruption.

Food service equipment financing may also be required buying restaurant equipments ranging from stoves, refrigeration equipment to bakery and bar equipment financing. There are number of options available for these financing programs. Japanese restaurant equipment requirements may be varied from Italian restaurant. A family style chain of restaurants may require different set of equipments. Therefore some reliable financing companies provide various restaurant equipment financing options that would help you expand your existing restaurant or to start a new restaurant. You can seek the assistance of such companies which offer loans without any embarrassing procedures.

Shelving and display cabinet financing is yet another type of food service equipment financing which provides financial help for getting quality shelving and display cabinets. Nowadays many restaurants get these display cabinets in order to display items in an attractive way. For instance, if you are a regular customer to an Italian restraint and if you see Olive oil displayed in a new inspiring cabinet, then you would buy it immediately. Hence restaurants are willing to spend more on beautiful shelving and display cabinets. Since these equipments are often expensive it is essential to go for loans.

Food service equipment financing is therefore essential for increasing the number of customers to the restaurant and to fulfill their requirements up to their satisfaction. This in turn can earn good name and profit form the food service industry. Since some financing companies offer fast approval of financing at lower interest rates to food service equipment, many restaurant owners are willing to seek financial assistance from such companies. In fact food service equipment is not an expense but an investment.