Why Renting a Car Can Be Better Than a Lease

As car prices continue to climb, so does the number of people opting for car rentals and car leasing. Car rentals have always been a dependable option for people looking for comfortable and affordable transport for business or corporate trips, family outings and vacations, event or party transport as well as leisure trips or vehicle replacement when their car is being repaired.

Leasing, on the other hand, allows potential buyers to have a new car than they might otherwise be able to afford. However, car leasing comes with several drawbacks. The only similarity between both is that you’ll be paying to use a car owned by someone else. A top executive working in Exotic Car Rental Los Angeles says, “The best car rental is one that provides plenty of options with world-class services.”

Both rented and leased vehicles have distinct usage expectations on the part of the driver, types of commitments and financial arrangements. While everyone will choose an option that best suits their needs and financial situation, there are some reasons why renting a car is better than leasing one.

Flexibility

Renting a car offers you the flexibility you need to choose whatever type of vehicle that best suits your car rental needs. Whether you’re planning a trip out of town for a week, are on vacation, have a birthday party, want comfortable transport for a group of friends or need a stylish car for a day or two of leisure trips around the city, you can rent a car for each situation.

Car leasing only offers you an option to choose a car that you will stick with over next 2 or 3 years before exchanging it for a newer one. With car renting, you’re not tied to any long-term commitment contracts. Car rentals work on a need-to-hire basis. Most car rental companies offer car delivery services to you in a couple of hours once you have paid.

Wider Choices

Renting a car allows you to choose from a wider range of vehicles based on the particular need you have. Planning an off-road trip with your family? You can choose from a wide range of SUVs offered by car rental companies. From family cars, minis, convertibles, light commercial vans, high-end sedans, exotic sports cars, luxury SUVS and chauffeured services, you can get it all in one place. You get the right car for what you want.

Most car rental companies own a wide selection of luxury cars for short-term one-day hire to several weeks or months rentals. All options are usually catered for with additional extras to fit your specific needs. Vehicles owned by rental companies are mostly new and are well maintained, serviced and insured. For car leasing, you have to specify and order an actual vehicle from the leasing company.

Cheaper Options

While renting and leasing a car both have their own drawbacks, renting is sometimes cheaper. A large number of people consider affordability when it comes to car renting or leasing. Vehicle leasing gives you the option to get a new car without the commitments of a car buying loan but still comes with a monthly expense. Unless you have the money, renting is a better option.

If you look around what car rental companies charge, you will realize there is a lot of competitive pricing for different types of vehicles. That offers you an opportunity to choose and rent a car that you can comfortably afford when you need it. If you live in a huge city where you don’t need a car every day, renting is the cheaper option. You only get to rent on specific occasions and pay less than leasing a car.

Contracts

There are a few significant differences between car rental and car leasing contracts. Unlike leasing contracts that strictly limit the number of miles that you can drive, rental companies are more flexible and may include unlimited mileage or a set of mileage and the specific rates charged. The mileage restrictions associated with lease contracts can be a huge drawback, especially if you drive a lot.

Rental cars have fewer limitations with the contracts, but you have to understand what is allowed and what is not. You only get to pay a one-time rate for the car rental period. Leasing customers deal with more than just having to read the fine print but also need to understand all the fees involved across the entire duration of the lease.

Choosing a Car Rental Service

With so many car rental companies around, how do you choose the best? That depends on your needs and how much you’re willing to spend. When choosing your car rental company, get to know what past clients say about their services. Read personal reviews and get trustworthy recommendations to help you determine if they offer quality and affordable services.…

How to Get the Best Loan Conditions

No matter how responsible you are in dealing with your finances, it’s highly unlikely you’ve never had to take out a loan. Even if you’ve managed to avoid it so far, chances are you have at least considered it. Used wisely, loans can be a great help when you need a cash injection. Unfortunately, it’s easy to fall into a trap of taking out a bad loan. However, with a bit of prudence and a few tricks up your sleeve, this kind of mistake can easily be avoided. Here are some tips on how to get the best possible loan conditions.

Polish Your Credit Score

Your credit score is the key that will determine what terms you will be offered. Basically, the score is a number calculated based on your credit history. It predicts how likely you are to repay your credit obligations. The higher your score, the less risk you pose, and the more likely it is for your loan to be approved. Entering into loan negotiations before fixing your score is a bad move. Experts from Clean Credit can analyze your rating and help you improve it by removing negative listings from your report.

Compare Multiple Offers

There is absolutely no reason why you should rush into a loan and apply for the first one you see. Explore your options. Shop around for the lowest interest rates. Don’t forget to read the fine print: check your eligibility and see if there are any hidden catches. For instance, you might want to repay your loan early – some lenders apply extra charges if you wish to do so. Consider also the most convenient length of repayment. Perhaps you don’t need a loan after all? Maybe your problems could be solved in a simpler and cheaper way by a credit card? There are plenty of various avenues to explore, and details matter. Do your research instead of rushing in only to regret it later. It’s okay to take your time and compare all the offers to find the one that suits you best.

Consider Payment Protection Insurance

Payment Protection Insurance (PPI) is a good way to cover all those unexpected obstacles that life can throw at you. It is used to cover your monthly repayments when you are not able to do so, due to unforeseen circumstances, such as sudden unemployment. Of course, PPI policies come at different prices. Buying one from your lender is not necessarily the best deal. It’s okay to shop around and check the prices with several different insurance companies. Also, before you buy it, check what is and what is not covered by your policy.

Choose Between Secured and Unsecured

Before you apply, make sure you understand the difference between a secured and unsecured loan. Secured loans might seem enticing because of seemingly better terms. But beware, by taking out a secured loan, you are running the risk of losing your assets, such as your house, or whatever else you put up as your collateral. The better terms are only worth it if you are completely sure you will be able to meet your payments.

As you can see, loans don’t have to be beginnings of financial horror stories. If done properly, with every step carefully considered, they can be that financial trigger that propels you to a worry-free life. Still, achieving this means a lot of consideration and thorough research.

A good loan will serve its purpose of aiding you financially, and repaying it won’t be an unbearable strain on your budget. Make sure you think the process through, and take the time to get the best possible deal.…

Real Time Analytics Using the Cloud to Enhance Stock Trading Decisions

The stock market has become more and more competitive as more players with algorithmic trading technologies compete for profit. These traders use computer programs to responds automatically to market conditions to enter large trade orders. With so much money on the line, it’s important that the decisions are made correctly and with the best technology available. Fortunately, there are now more real-time analytics tools than ever before that take advantage of the cloud and other technology to compete and win.

The market for even one highly traded stock can include many billions of data points over time. Some companies trade tens of millions of times per day. Computing using the entire market obviously includes even more data points. Only heavy duty big data tools and database virtualization are able to process all this information and spit-back the correct decision in real-time.

For example, the new computing language Hadoop was created to be a back-end for big data platforms. It is incredibly fast and compresses data quickly. Expert traders can set-up a back-end Hadoop trading algorithm. As the market trades throughout the day, the new data is fed into the system for a quick response on the next trade. In real-time, the Hadoop algorithm uses its massive database to update your algorithm. Traders then use a lower level language such as C or C++ to send the buy or sell signal directly to the exchange.

New cloud database systems also help traders scale up their data usage. For their first trade, they may only use one stock or a very short time period. The data may still exceed their own hard drive and a back-end database may be required. The main benefit of a cloud system is that the trader does not have a huge upfront expense to buy their own server. On the the other hand, they can scale up month by month as large as they want to get. Cloud systems are now provided by the largest technology companies in the world and their capacity is truly unlimited. Their is no database that is too large for these companies. The major stock, options and forex exchange markets also provide cloud services for traders that want to get as close to the action as possible so that their trades can be executed within milliseconds of placing the order.

Even better, these new cloud systems have advanced cyber security systems that are much more powerful than an individual trader or trading firm could program or buy themselves. Massive technology companies spend tens of millions of dollars to assure that their cyber security protections are constantly updated to meet the highest standards. Furthermore, the IP behind the algorithm is truly the traders bread and butter. If that is stolen then everything is lost. Even worse, under the market system, when two or more traders are using the exact same strategy to trade the market, the profits trend toward zero. For that reason, cyber security is extremely crucial for algorithmic market traders.

While more and more traders are using algorithmic methods to make a profit, more and more and also using back end systems. The strategies are proliferating and the variability is growing. The need for back-end cloud databases that can crunch real-time data also continues to escalate.

For example, one common strategy is to conduct a pair trade of two similar stocks. Airline A and Airline B are extremely similar companies. When Airline A goes up, Airline B should also go up by a similar amount and vice versa. Traders can use the expectation of these parallel movements to jump on a trade in milliseconds on Airline B to match the change in Airline A. However, the trader will need to analyze historical data to understand the expected difference between these two stocks as well as their relative movements. A company creates a program to analyze ten years of minute by minute movements of these two stocks. Using it real-time analytics, it plugs in the newest trade data and the resulting buy and sell orders are produced.

Overall, real-time analytics and cloud storage are revolutionizing business. Many different businesses are taking advantage to increase profits and gain a competitive edge. Stock market traders are one group that is benefiting handsomely from the changes in technology.…

How to Budget for a Big Event: Simple steps to Follow to Ensure Your Plan a Successful Event

Many times when we look at the prospect of planning for a big event such as one’s wedding or an anniversary celebration or even the well deserved holiday, it seems like a daunting task. This is because we see the amount as monumental and aren’t well-equipped with the tools and knowledge to save and budget properly.

It is very important to always begin the process by designing the budget around the resources that are at hand and not with what you wish to have by the time of the event. As any good planners will advise you, the earlier you start preparing, the better.

Step One: Saving

The first step into organising your resources is by saving. All the money put aside towards the event goes a long way into reducing the financial pressure as the day draws near. One of the first hurdles most face when thinking of saving is where they should put their money. Some of the basic, important questions to ask before deciding are; is the saving short-term or long-term, are you willing to take a risk with your money and earn higher interest or would you rather play it safe and earn a lower interest, and finally, how will your savings be affected by your tax position?

Short-term vs. Long-term saving

When you are planning for things like holidays or birthdays, then a short-term saving plan is advisable. In this plan, your money is easily accessible, and you are sure it will be there when you need it. The best types of accounts for this are usually bank and building society savings accounts.

Long-term savings, on the other hand, are for things like weddings and anniversaries. This type of saving depends on how much risk you are willing to take with your money and how safe you want it. You can choose to save your money in a bank, or a building society savings account if you wish to play it safe or invest it in the stock markets if you are willing to take a risk with the hope of earning a higher interest. It should be noted however that investing isn’t just in stocks alone, one can opt to invest in property or even antiques.

Personal Loans

At times, even with proper savings, urgent needs may arise that require cash that is slightly out of the budget. In such cases, a personal loan may be taken to turn the tide temporarily. It is quite prudent to have a repayment plan in mind when you take such a loan and to ensure that you can pay it back before taking the loan. Lenders set the interest rates based on your past history and ability to repay debts.

What makes personal loans unique is that you don’t have to offer collateral. When you fail to make a payment, a lender cannot repossess your property but instead will report you to the credit agencies (which has a negative effect on your credit scores) and may sue for payment. However, if properly handled, personal loans are a sure and efficient way of providing financial support towards budgeting for an event.

Step Two: Creating an Outline for the Event’s Expenses

One misstep when budgeting can have disastrous effects. Overlooking an expense often leads to miscalculating the per person cost. This, in turn, leads to underestimating the amount needed and thus creating chaos as the event draws closer. It is, therefore, important for you to ask yourself the right questions while creating an outline for the expenses and cover all the bases right from the beginning to cover the gap between the budget and expectations. If need be, one can also allocate a place in the budget for hiring planners. However, this should be a last resort as it tends to add a burden to the finances.

Step Three: Creating a Basic Event Budget

Going in, you already know that you don’t have an unlimited budget. And once you begin the budgeting process it is imperative to identify areas in which you can cut costs and save money. The goal is not to be cheap and have a shoddy event but to ensure that money is not wasted especially if there are cheaper and better options. It is also recommended to build a buffer zone of 10% to avoid running out of money during the execution stage.…

Insurance Education: An Opportunity To Reach Growth and Success

Education, Health, Properties, are some of the few important things you continuously protect from risk. The fact that you don’t know what might happen in the future, you can’t deny there are awful things that might come. You might be one of those people thinking of ways to preserve the value of this stuff. Well, the only way to do so is to insure it.

Getting an insurance can help protect you from financial devastation and worst case scenarios. Personal insurances and business insurances are two of the most important types of insurance you should consider having.

An individual should at least have a life insurance, health insurance, car accident insurance, and homeowner’s insurance. On the other hand, if you have your own business, you should also think of getting a general liability insurance, and carrying property insurance.

Aside from that, Insurance is all about spreading the risk. Such risks can be from the danger of dying, being killed, losing your car and house, and getting sick. Many people purchase insurance to counter against these risks. The basic rule for all kinds of insurance is that you need to bear the risks you can afford and ensure the ones you can’t.

The society is rapidly changing and evolving at an incredible speed. New aspects of various risks are only starting to be anticipated and evaluated. Moreover, the future becomes intensely uncertain and even more unbounded with different challenges.

In this age, insurance is an integral part of the business industry. It serves as the lifeblood of our capitalist economy; without it, your business cannot function. A flourishing insurance industry needs a trained, skilled, and knowledgeable workforce who can understand and grasp the broad aspects of risk in a dynamically changing environment.

The Need To Have Insurance Education

Many organizations provide insurance education to consumers and different professionals in line with various industries. However, how do you define insurance education in the first place?

Insurance education is a process where the knowledge and awareness of professionals and consumers on financial risks and protection, and insurance concepts and products get addressed, so as to help them make correct choices.

Continuing education is required for you to stay updated with the latest skills, developments, and new tools and technologies needed for your field. Nowadays, most professionals engage themselves to insurance education to comply with laws and regulations, and to remain licensed or certified.

While some industries don’t require insurance education, others are mandated by the government or other licensing bodies to stay updated with the changes and advancements. Nurses, pharmacists, teachers, engineers, and lawyers are some of the professions that require compliance in every few years.

Why Does It Matter?

You might think that it would be a waste of time and effort doing this. However, no matter how tedious or dull the process may be, the knowledge and understanding you can get from it are all worth it.

Insurance education benefits not just professionals, but also consumers. Since consumers play a vital role in choosing the appropriate insurance products according to their needs, it is necessary to educate consumers in relation to various financial topics.

Moreover, it provides them the skills required in assessing different kinds of risk and return in connection with each commercial product, which is offered by various financial intermediaries. If consumers become knowledgeable, it would greatly help in the development of market competition.

Also, by creating product demand which exceeded or met their needs, the consumers will urge manufacturers to innovate and make new goods and services. The main point only is that there is a need to inform your consumers about the probable risks they are going to face and the insurance products that can help them cover such risks.

On the other hand, education given to consumers is equally important as for professionals. The training provided for the employees would heighten competitiveness, efficiency, and effectiveness of the sector.

Moreover, it would give employees the opportunity to access appropriate products, including the sufficient and proper information attached to the product. Thus, that would result to an increase in the industry’s reliability.

Personal, Professional, and Societal Growth

There is a high demand for professionals replacing a generation of insurance knowledge workers who contain a variety of market cycle experiences involving risks. The next generation will need to undergo training and development over the course of time.

It requires thorough knowledge transfer, mentoring, and supervision from former workers. It is a challenging task for companies to inject the needed professional skills. Thus, developing new program strategies in insurance and risk management, and enhancing existing ones are compulsory to meet this kind of training.

Various Insurance Education You Can Engage

Insurance Companies

The role of insurance companies in increasing awareness to both consumers and employees is crucial to achieving the purpose of insurance education. Usually, these companies should be the ones to conduct national projects to raise the knowledge of consumers.

Moreover, educational activities are organized to raise awareness of both employees and customers. It is also advisable to cooperate with expert institutions in conducting level tests to determine the educational needs of individuals.

Public Authorities

Authorities should organize nationwide campaigns in society to improve consciousness regarding financial risks, insurance, and ways to protect against various financial risks. Also, the public authorities should be the frontrunners in educating the people on economic issues at a young age.

Moreover, schools are frontiers to imparting the knowledge necessary and actions regarding financial education. It is also beneficial to develop methods that would provide access to the current educational programs that focus on finance.

Educational Establishments

Financial education programs for consumers are imperative in providing easy access to information on different insurance products. Moreover, programs will encourage them to learn the disadvantages and advantages of those products.

Educational establishments should divide the consumers into different sub-groups based on their similarities for each group, and conduct different financial education arrangement.

Takeaway

Every day, you expose yourself to different kinds of risks. Thus, a risk is one of the biggest threats to all people; threat to your health, home, life, and business are some of it.

Since there is a humongous uncertainty in your future, you can’t deny the awful possibilities that might come. However, the good thing is that you can lower your risk exposure. The only way to do so is to insure your life, health, house, car, business, and other valuable things you have.

The thing is if there is a risk that you can’t bear on your own, then insurance is the answer. Otherwise, you can shoulder the expense and pay it yourself. Insurance does not entirely eradicate the risk; however, it regulates and lessens it to a moderate level.

On the other hand, insurance education serves as a means to help consumers and professionals in the process of imparting knowledge and awareness on financial risks and protection, as well as insurance concepts and products, to help them make informed choices.

Companies prompted by stakeholders and rating agencies are exploring into the wider definitions of enterprise risk. Due to the new threats on risk, it also requires new skill sets and backgrounds, and insurance education to contend in this changing and dynamic risk environment.…