Ford opts to bring F-series to Ohio

Ford has announced plans to transfer production of its commercial F-650 and F-750 medium-duty trucks from its factory in Escobedo, Mexico to the one on Avon Lake, OH early next year after cutting ties with Navistar International Corp. The two had been working together on a joint venture known as the Blue Diamond Tricking Co. However, Ford has decided to take full control of the F-Series.

“We’re doing this to bring the 650-750 production in-house so that we have complete design, manufacturing and engineering control over our F-series lineup,” stated Joe Hinrichs, Ford’s president of the Americas. “In addition, moving the work from Mexico will preserve the jobs of 1,600 workers at the Avon Lake factory and honors an agreement Ford made with the UAW in 2011 contract negotiations. No new jobs will be created and Ford’s labor costs will be unchanged by the move.”

In the meantime, Ford will end production of the Econoline (aka the E-series) to clear the way for the Transit Van it is bringing from Europe and will produce at its Kansas City assembly plant in Claycomo, Mo.
There is no word (as yet) as to how long the Avon Lakes plant will be shut down as they look to refit it for the F-series. However, Hinrichs does not expect it to take as much time as it will take to convert its U.S. F-150 plants to produce the new aluminum bodies.

Note: Navistar will continue to use the Escobedo plant to build its own medium-duty and heavy-duty trucks

Great Guide On How To Find Cheap Auto Insurance

In modern times buying auto insurance is not even an option, it is the law. Don’t find yourself pulled over without it, because it could even mean jail time. If you find yourself needing auto insurance don’t let the plethora of companies and policies drive you crazy. Read this article and relax, its an easy decision.

As you choose car insurance, be sure to properly protect yourself when it comes to liability for property damage and bodily injury. The right amount of coverage in this area can make a big difference in the event of an accident. Not having enough coverage can leave you with a lawsuit that can be hard to recover from.

When it comes to saving some serious cash on your automobile insurance, it helps tremendously if you know and understand the types of coverage available to you. Take your time to learn about all the different types of coverage, and find out what your state requires of you. There may be some big savings in it for you.

If you are a young driver paying for your own car insurance, add an older driver to you plan. Having a more experienced driver on your plan can reduce your premiums. Just make sure this older individual is willing to be added and that your car insurance provider offers the discount.

Buy an older and cheaper vehicle. Most insurance companies will only allow you to put liability of older vehicles, automatically lowering your premiums. If you do have greater coverage, your rates will be lower anyway, because the insurance company knows you will not be paid much for your car in the event that it is totaled.

In order to reduce the cost of your auto insurance policy, consider limiting the mileage you drive each year. Many insurers offer discounts for policyholders who do not spend a great deal of time on the road. It is important to be truthful when making claims of reduced mileage, however, as it is not unheard of for insurers to request proof of your driving habits in order to justify the reduction in price.

If you are short of funds and desperate to reduce your insurance premiums, remember you can always raise your deductible to lower your insurance’s cost. This is something of a last-ditch maneuver, though, because the higher your deductible is the less useful your insurance policy is. With a high deductible you will end up paying for minor damages entirely out of your own pocket.

In order to reduce the cost of your auto insurance policy, consider limiting the mileage you drive each year. Many insurers offer discounts for policyholders who do not spend a great deal of time on the road. It is important to be truthful when making claims of reduced mileage, however, as it is not unheard of for insurers to request proof of your driving habits in order to justify the reduction in price.

Senior citizens can benefit from the discounts that are available from their car insurance company. These discounts typically kick in at age 55 or 60. You have to request that your insurer add these discounts onto your insurance, as they will not do it automatically. It could save you as much as ten percent on your premium.

Consider switching the deductible from $1000 to $100. There a many pros and cons for lowering a deductible, even so the pros usually outweigh the cons. You might find yourself paying for a minor collision or two, but you should ultimately be saving a lot more money if you are a safe driver.

Having insurance is not just an option but it is required by law if one wants to drive a car. If driving sounds like something that one cannot go without, then they are going to need insurance to go along with it. Fortunately getting insurance is not hard to do.

If you are thinking about purchasing a new vehicle, you should look for a large vehicle. If you buy a van or a truck, chances are damages will not be too bad if you get into an accident. Most insurance companies know this, and offer relatively low rates for these types of vehicles.

Even your age can play a large factor in the price you can expect to pay for auto insurance. Statistically speaking, drivers over the age of 55 and under the age of 25 are considerably more prone to vehicle accidents compared with adults in mid-life. While this cannot be changed, you may wish to compare coverage options across companies; some place less emphasis on the age of the insured party.

As you can see, there is a lot more to auto insurance than most people think. It requires a lot of research and common sense, but it will be worth it in the end to help protect the life of your vehicle. You will be able to pick a better insurance policy if you consider these suggestions.

Buying Second Hand Cars Does Worth To Your Money?

Made use of automobiles are clearly a less expensive choice to those showy brand-new ones. Yet are they actually worth the buy? Just how can you see to it you acquire simply the most trustworthy secondhand car, SUV, 4×4, or industrial car by detecting lemons from the most effective acquires? Permit’s have a look at the unusual realities concerning getting automobiles to address these problems.

A Freshly Acquired Vehicle’s Worth Comes by Merely Eventually

Merely just how much does it require to reduce the brand-new vehicle’s initial cost by approximately 20 percent? Simply SOMEDAY– that minute when the brand-new proprietor drives it out from the auto dealership’s home. Yes, that’s devaluation’s initial bite, and it proceeds till the 3rd year of having the car, when around 30 percent of the initial cost will certainly have been cut, and also the minute the automobile gets to 100,000 kilometers in gas mileage. So, with deprecation in thoughts, it would certainly definitely be smart to acquire a used vehicle given that the initial proprietor would certainly have currently presumed the declined.

Now, all that you should be bothered with are the upkeep expenses. And to handle this, see to it you have your automobile examined initially by a mechanic or any sort of 3rd party organizations when readily available.

The moment you detect the very best previously owned auto out there, you will certainly take pleasure in a practically limitless selection of advantages like energy economic climate, security and reduced upkeep prices, simply among others.

Made use of Cars Have Lower Insurance policy Expenses and Financing Terms

Some secondhand auto dealerships provide funding remedies to make it also easier for you to obtain your secondhand car at the least feasible time without forking over a huge portion of money from your pocket. Obviously, reduced price require reduced financing terms.

Likewise, pre-owned cars clearly have lesser insurance policy prices as a result of their reduced resale worth, as long as every part is effectively preserved and serviced.

Hence, with all these cost savings, you reach appreciate the remainder of the cash exempted for various other expenditures like boosting the general appearances of your motor vehicle by acquiring extra devices and security attributes. This then rises your vehicle’s worth, merely in instance you intend to market it in the future.

Utilized Cars Aid You Stay clear of Hefty Hidden Charges, Customers Tax bills and Various other Profits

Depending upon your area, significant customers tax obligations typically have acquiring brand-new automobiles, while the very same is practically non-existent when it concerns obtaining the secondhand ones. As if that is inadequate, auto dealerships themselves include profits to the last rate, describing them as registration, dealing with or delivering costs.

Include all these expenditures to the real rate of the all new car and you’ll start to value simply just how much economic situation you could possibly appreciate with getting roadworthy and reputable made use of automobiles.

Staying clear of the Pricey Error of Chancing After Lemons

Since we have actually outlined the pros of getting pre-owned automobiles, the following obstacle would certainly be to identify the bargains from the possibly pricey lemons. As we have actually pointed out, find the aid of third-party technicians or specialists to assist you examine the dependability of the secondhand auto you desire to acquire.

As an example, in the state of Victoria, Australia, the Royal Car Club of Victoria (RACV) manages the assessment and authorization of secondhand vehicles sent out for screening by RACV-approved automobile dealerships.

So, if you desire to buy among the made use of autos available for sale in Melbourne, for example, pick a vehicle dealership that’s environment-friendly light-certified by RACV. It will certainly then comply with that whatever make and design you select, it’s willing to be thumbs-up licensed too.

Choosing the Suitable Auto Mechanic

Home car repair work 101 informs you to never ever give up on the backyard mechanic. Have you ever been to one of those home auto repair mechanics that has a little store behind his residence? It holds true that they do offer you a less costly per hour rate than the big car dealerships and the more expert car service center.

However, lots of folks will not go to them because they think that they lack the experience and understanding when it comes to knowing about every automobile and version. These skeptics share that they do not bring all of the specialized devices that a good vehicle mechanic requirements. For that reason, they suggest that it will be in your finest interests to stay with the pros.

A lot of cars today require the most up-to- date, diagnostic devices. This equipment costs a lot of cash and is in some cases means beyond the budget plan of an easy house auto repair work mechanic. If you are about to fix your car, do you need the expert assistance that only an established vehicle lot can offer?

Automobiles always seem to tend to break down in the worst places and at the worst times. Lots of private mechanics, like the home automobile repair variety, are able and always ready to come over to where your automobile is and take care of the trouble. This is one of the things that the huge vehicle dealership service divisions will never ever do.

There are a great deal of experienced home car repair mechanics out there that can simply as good a job as the big children. It is always a treat to uncover a house auto repair shop like that. One that guarantees and stands behind their work.

Owning a vehicle is a really expensive proposition. We all understand of all the expenses that comes along with having a vehicle. You have a month-to-month car insurance coverage, automobile payments, gas or diesel, oil changes and a range of other smaller sized costs. To add to that you have pricey automobile repair work bills.

For the above reasons, it could very well be the smartest thing that you have actually ever done when you take your car to a home car repair work mechanic. Ensure that he just utilizes real parts in your vehicle due to the fact that real parts are better. Jobber parts are less costly, which you might think will save you cash, however in the long run it will cost you a lot more.

If you have a truthful home car repair mechanic, he will honestly explain to you why you ought to make use of only a real part. That is what a trusted and sincere auto repair shop owner will do.

Let’s take an oil modification for instance. You understand that you must alter your oil on a regular basis. If you do, it will help prevent any future costly engine troubles. Having your engine stop working in the middle of a deserted highway is not an enjoyable experience.

Therefore, if you desire good advice about keeping your automobile in leading notch shape, do routine upkeep and make use of an experienced home car repair work mechanic.

It is true that they do offer you a more affordable hourly rate than the huge car dealers and the more professional automobile repair work stores.

If you are about to fix your car, do you require the expert help that only a recognized vehicle lot can offer?

Numerous private mechanics, like the home automobile repair range, are constantly ready and able to come over to where your car is and take care of the trouble. There are a lot of seasoned home car repair mechanics out there that can simply as good a task as the huge kids. For the above factors, it might be the smartest thing that you have ever done when you take your automobile to a house automobile repair mechanic.

New Jerseyites can still buy Tesla Model S, despite new ban on Tesla car sales

On Tuesday, New Jersey put up a road block preventing Tesla Motors from selling cars in that state. On Friday, Tesla CEO Elon Musk issued a blog post saying Tesla customers in New Jersey will still be able to buy Tesla’s cars, still get service on their cars, and laid the blame on anti-competitive antiquated laws governing automobile sales.

Tesla Motors sells their cars through company owned stores, and via their website. The stores act more as education centers than traditional car dealerships, and are usually located in shopping malls unlike regular car dealerships. The problem is the laws across the U.S. require car sales via franchised car dealerships, and make other requirements, like on-site service shops, that result in the shape of “regular car dealerships”.

According to Musk’s blog post, Tesla had been negotiating with New Jersey regulators over legislation to be brought to the NJ Legislature. Instead, according to Musk, the Christie administration caved in to demands from the “the New Jersey auto dealer lobby” who sought to “protect its monopoly” over the car sales process. As a result “the New Jersey Motor Vehicle Commission, composed of political appointees of the Governor, ended your right to purchase vehicles at a manufacturer store within the state.”

What Musk did not say in the blog post is that the laws also, theoretically, protect customers. An automaker with a monopoly over servicing the cars they sell could, theoretically, turn evil and start gouging customers for service. Musk claims this won’t happen because Tesla’s policy is to not treat service as a profit-making business, but instead a means to build goodwill.

The good news for prospective Tesla Model S or Model X owners in New Jersey is that, after jumping through a couple hoops, you’ll still be able to buy cars. Musk wrote: “Our stores will transition to being galleries, where you can see the car and ask questions of our staff, but we will not be able to discuss price or complete a sale in the store. However, that can still be done at our Manhattan store just over the river in Chelsea or our King of Prussia store near Philadelphia.”

Tesla is already following this model in other states, like Texas, where local laws prevent personnel from discussing prices.

Because the changes only affect car sales, Tesla will keep their New Jersey service centers open.

In short the changes are an inconvenience to Tesla, and their customers, by complicating the sales process. In the short term customers can just go to the next state over, but what if the New York or Pennsylvania auto dealers associations manage to erect similar bans in those states? In the past, Tesla Motors has said they’re looking to take this fight to the Federal level as well.

In the meantime, Musk urged Tesla’s fans to contact NJ State Legislators: http://www.njleg.state.nj.us/districts/districtnumbers.asp

There are also two related petition drives on the White House website:

https://petitions.whitehouse.gov/petition/allow-tesla-motors-sell-directly-consumers-all-50-states/bFN7NHQR
https://petitions.whitehouse.gov/petition/inform-new-jersey-markets-should-be-free-tesla-motors-and-everyone/ptHTHYMP

Centrifugal Blower Fan and DC Motor Controller: Designed and Manufactured With Excellence

Electric Motor Solutions Today fabricates and distributes regular and ritual motors along with associated power equipment parts. Our strength lies in our worldwide loyalty to provide premier quality parts and service for Original Equipment Manufacturers (OEMs). It supplies motor, power transmission and fan parts universally with automated and computerized products. Electric Motor Solutions Today provides range of motors and machines including Centrifugal Blower Fans and DC Motor Control along with solutions.

Centrifugal Blower Fans

It is an automatic device for rotating or other gases as these fans augment the speed of air stream with the rotating impellers and it uses the kinetic energy by rotating blades which in turn leads to exhaustive movement against the resistance caused by vessel, dampers and other components. Centrifugal fans boost the speed of air drastically, altering the direction designed for the airflow. It is robust, quiet, reliable, and competent of operating over a wide range of conditions. Main parts of a centrifugal fan consist of Fan Housing, Impellers, Inlet and outlet ducts, Drive Shaft. Drive mechanism, etc. It will create a cool and healthy atmosphere for your workers in the industry. It is tried and tested after conducting vibration and bearing analysis of blower fans to offer you the best product at rational price.

DC Motor Control

If you’re building a robot or other scientific automated gadget, you will need to drive DC motors forwards and backwards. It is a tool or group of devices that serves to direct in some predetermined manner to achieve the desired performance of an electric motor.

A DC motor controller includes manual as well as automatic means for starting and stopping the motor, selecting and regulating the speed, and protecting against overloads and faults. As it is rightly said that magnet poles repels and unlike magnetic poles attracts to each others and this philosophy is revived with DC motor control. You can always experiment with our machines as these are most accountable and dependable for your process.

Electric Motor Solutions Today aims to design, manufacture and distribute motor and power transmission products that are uneven and able to fix the wear and tear of the everyday demands in order to provide a lasting value in the industry. Their partners are professionals from China manufacturing products and services to work as a team to assemble the motor products of the best value to you possible. These motors and parts are built with utmost care and according to the customer specifications. You will not get disappoint with the differential characteristics of machines engineered with latest technology to meet your demand and save your surplus labor and cost.

10 Reasons Why Motor Club of America (MCA) is a Great Investment

With over 86 years of rock solid experience, Motor Club of America Enterprises, Inc has become an established and trusted name in the Motor Club industry. In its beginning tenure, corporate America was its primary business entity. Now mainstream America has the ability to not only receive the wonderful benefits of MCA, but partner as an associate as well. Based out of Oklahoma City, Oklahoma, Motor Club of America is the largest Roadside Assistance Service Company (per member capita) in the United States and Canada today. We proudly provide better roadside service coverage for automobile, truck, motorcycles and RV’s than our competitors with additional services including medical, legal, hospital emergency room benefits, travel assistance, hotel/rental car discounts and so much more. MCA staff is available 24 hours a day, 7 days a week to assist in providing its members with a “Peace of Mind.” Whether you are at home, work or play, MCA has you covered. These 10 reasons will enlighten you as to why your first choice in motor club services should be Motor Club of America Enterprises, Inc.

MCA roadside assistance benefits consist of 24/7 “sign and go” dispatch with unlimited towing up to 100 miles to the destination of choice and up to $100 reimbursement cost covering automobiles, trucks, rv’s, motorcycles, boats and livestock trailers or your dually pickup over one ton.
Unlike traditional auto insurance, if you are ever involved in an auto accident or an accident at home, work or play and need to go to the emergency room or need ambulance assistance, MCA members receive up to $500 for this event made payable directly to you. This benefit covers all emergency room cost related to a covered accident provided in a trauma center or emergency room, including but not limited to doctor care, IV’s, splints, medication, etc are covered. If you should happen to be admitted to the hospital as a result of your injuries, as a member of MCA, you don’t have to worry about anything but healing and getting better. Your membership will provide up to $54,750 or $150.00 in daily hospital benefits.
Your Motor Club of America membership also covers “travel assistance” reimbursement up to $500 for local accidents. If in need of a rental car, no need to worry. Your membership plan will cover accidents more than 50 miles from a covered member’s home. MCA will also reimburse for lodging, meals and transportation. We never leave you without.
Let us assist in planning your vacation by making travel reservations including maps with detailed routing, airline reservations and hotel information with discounts so that you may enjoy your trip worry free.
The Motor Club of America membership card serves as a $500 cash bond when a covered member is involved in traffic violations which warrant arrest. We don’t encourage going above the speed limit, but if a member is involved in a moving violation, up to $200 in benefits will go towards this occurrence. Your membership will also include up to $25,000 bail bonds if charged with vehicular manslaughter or negligent homicide. Even though these services are the extreme, it’s better to have them than not have it at all.
Need an attorney? MCA members can receive up to $2,000 for attorney fees when charged with vehicular manslaughter, or negligent homicide arising from a covered accident. Covered MCA members also receive up to $1,000 for attorney fees for accidents and vehicle damages. .
In the event of auto theft, our members are covered with a reward amount of up to $5,000 leading to the arrests and conviction of the thief. Not only will this assist in deterring this behavior from criminals, but as a member of MCA, you can feel assured of one less worry and possibly get quicker results from the public.
With theft on the increase, one can never have enough security or protection. If your credit cards are ever lost or stolen, Motor Club of America members can rest assured that MCA will provide up to $1,000 in credit card protection. There is also free credit card registration to assist you in the process.
If the lack of health insurance has been your worry, Motor Club of America provides discounts of up to 60% on prescription drugs, up to 50% on dental and 60% on vision care, including ophthalmology such as Lasik surgery which is covered up to 15%.
Unlike any other roadside assistance company, especially our competitors, MCA provides its members the opportunity to be a part of its continued success as well as utilize the benefits. As a member, without any additional fees or obligations, you have the ability to refer the same services you have to friends and family and earn a referral fee from $40-$90 dollars for each new member. This option also includes the opportunity to earn residual income. If you have ever thought about being your own boss, here is a prime opportunity. You don’t have to quit your job to be successful at this business, just share, refer and earn. Some independent agents have not only doubled, but exceeded their primary income.

Motor Club of America is NOT auto insurance. It is a supplement to assist you in everyday life occurrences that are typically not covered or under covered by traditional auto insurance plans. For as little as 33 cents a day or $9.95 a month, you too can share in these wonderful benefits. Never again will you leave your destination with worry if you are covered with MCA. Most people feel they have these wonderful benefits with their current plans. I recommend that you read your plan fully and you will see that MCA not only offers more, but it is an excellent addition to your coverage/financial portfolio for ten plus reasons. If you are interested in becoming a member or want to learn more about what we offer, go to www.mcacareersearch.com.

How to Get Your Vehicle’S Headlight Restored

If you are among those Americans who own a car which is at least 11 years old, then it is probable that the headlight of your car should be restored. Clean headlights of a car not only enhances the appearance but, they also offer an unobstructed as well as safe travel by making the vision of the road clear. Whether there is fog, haze or smear, there are simple ways of removing the oxidation of plastic which covers the car’s headlight after a long time of use.

At various auto part centers, there are many restoration kits available and to get this process clear, we bought two restoration kits in which the first was from Mequiar’s worth $25 per kit and the second one from Turtle Wax worth $10 per unit. Both the kits have a clarifying and cleaning compound, a protector sealing solution and wet sanding pads. The Mequiar’s kit is advanced and includes a clean and detailed microfiber cloth, a polished buffing ball which is mounted to a drill and an ergonomic hand grip used for wet sanding pads. On the other side, the second kit of Turtle Wax included 2 solutions along with a numbered set of wet sanding pads.

Requirements

  • A headlight restoration unit
  • Painter or masking tape
  • Detailing cloths or dry towels
  • A spray bottle or a window cleaner with cold water and a car washing solution
  • Elbow grease
  • Power drill (depending upon the restoration kit, optional)

Method

  1. Remove debris or dirt from the headlight area by cleaning it. A household glass cleaner or any cleaning solution can do this. Dry the surface of the headlights completely before proceeding to step 2.
  2. Apply tape on the surrounding areas of the headlights or any place where the body of the car meets the headlights. This is important as the sanding pad might damage the paint of the car during the restoration process. There are some headlight which will require applying one coat of clarifying compound over the headlamp assembly prior to applying the wet sand whereas, others may want you to skip the sanding and start polishing.
  3. Both the restoration kits used offer different strengths and grits of using sandpaper. You can either you the lubrication liquid provided with the kit or water spray so as to get the minimum number of sandpaper wet.
  4. Rub the lowest number in a side-to-side manner. The assembly of the headlight should be completely glazed. Remember; keep the assembly as well as the sand paper wet.
  5. Move to the next highest number of sandpaper and move it in an up-and-down motion.
  6. The headlight assembly should be cleaned with a detailing cloth or paper towel.
  7. Apply polisher liquid on the buffing ball or applicator pad and rub over the headlight to clean the glaze. The curved areas of the headlights were nit tackled by the Turtle Wax kits.
  8. The headlight assembly should be cleaned with a detailing cloth or paper towel.
  9. When the process is finished in a satisfactory tone, apply sealer protectant onto a pad or applicator (a small towellete in case of Turtle Wax) over the headlights.
  10. Remove the tape around the headlights and leave the sealant to dry for a few hours.

Honda’s domestic CL72 Type 2 Scrambler… one of a kind in the U.S.A.

Just when you think you have “been there-done that” with most all of the Honda 250-305cc variants, which for me can include Police Bikes, solo-seat, rotary-gearbox Dreams, and first-year production Scramblers, something new pops up, quite unexpectedly. In preparing my book, “History of the Honda Scramblers” (Silver, 2012), all the data and manuals available helped to shape the story and filled in some gaps in the author’s knowledgebase. One of the reference material items was a Japanese-language Honda Scrambler Parts Manual, which included CL72, CL77 and CL300 editions. Tucked inside one of the production charts was a mention of some Type 2 (360 degree firing) CL72s.

Early US shop manuals showed the Type 2 engine option for 250cc Scramblers, and I have been aware of an early 1964 version, but overall these are very rare bikes to find in this country. In the Japanese CL parts book, it appears to show that the Type 2 engine was available in all years of production, from 1962 through 1965, at least. Generally, the only way that one of these machines turns up in the US is usually due to the actions of a 1960s-era servicemen, who bought one in Japan and had it shipped back when after a transfer or discharge from the service.

While researching the History of the Honda Scrambler book, I interviewed Dave Ekins (who was test-riding early pre-production models) and he stated that American Honda needed to make a decision about whether to bring in Type1 or Type2 models and asked him for guidance. Because the Type2 engines have more pumping losses at high rpms, he recommended that AHMC only bring in the Type1 powered machines which produced more power overall, even in stock form. Rather than bring in both, requiring extra parts inventories, the decision was made to stick with the Type1 models for US consumption.

Fast forward to March 2014 and an interesting Craigslist posting popped up during one of my recurring searches for vintage Hondas located in SoCal for sale. Their numbers are dwindling, but periodically something unusual or previously unseen/unknown turns up as a surprise. In this case, the headline title of the CL posting was: 1966 Honda CL72 Dream Scrambler. With only two photos to go by, a quick look revealed that the bike had DLS (double-leading shoe) brakes, seen only on 250 Scramblers made in 1965 (CL72-1008851 for US bikes and CL72-1502911 for domestic Type 2 models). The serial number shared by the seller over the phone was CL72-1503108! Considering that Honda began the seven-digit serial numbers at the beginning of 1965 for all models of 250-305s, the production date must have been in early 1965, the 3108th one built then.

The posting was both specific and vague, causing numerous replies to the ad to question the authenticity of the machine. Some thought that the tank badges were incorrect or fakes and others thought that the bike was built up from parts of other bikes. The frame and engine numbers were both close to each other, thus a factory pairing, but people were confused to see a CL72 with “big brakes.” Closer examination of the photos revealed a heel-toe shifter and turn signal switch on the right hand side of the handlebars. The handlebars appear to be unbent except at the left end and the cable system is that of the early CL72s, using the “mousetrap springs” with matching lever brackets and the large knob adjusters, which were eventually replaced with standard CB72-77 lever brackets and adjusters.

Once he gave me the serial numbers the next question I asked was “Does it have TYPE 2 on the points cover?” “Yes, it does!” he answered. While the owner was fairly informed about the 250cc Scrambler bike series, in general, he realized that “MrHonda” was feeding him all the confirmation of the bike’s features over the phone that he needed to make sense of what he had in the garage and why it wasn’t matching up with his on-line research of the 250cc Scramblers. What he had was a genuine Japanese domestic CL72 with the optional Type 2 engine, right from the factory. The “Dream 250” tank badges were superseded to “Honda 250” types in 1964, for the US machines, but I have seen domestic 1965 CP77 Super Hawks with “Dream 300” tank badges in place on original bikes. The AHMC rules here don’t always apply to those of the Japanese domestic market models!

An appointment was made and kept promptly, then spent an hour and a half reviewing the various features of the bike, one-by-one. The bike had steel fenders, just like those of the early CL77s sold in the US, along with the solid-mounted rear fender. The seat pan was the early-style double hook type, but the suspension pieces were all “late” CL77 style, featuring alloy forks and the “big brake” wheels. The rest of the parts which were Japanese domestic specification included the turn signal switch, kph speedometer, rigid driver footpegs, a Ministry of Transporation sticker on the swing arm, replaceable headlight bulb and front turn signal stalks coming out of the headlight shell bolts. The headlight switch was a 3 position type and the headlight reflector accepts the removable round base bulb. Revealed in the Japanese parts book was that 2nd and 3rd gear ratios were unique for this particular engine style. The main product code for the Type1 250cc Scramblers is -273-, however any Type2-specific parts are coded -274-. Those -274-coded parts include the camshaft, crankshaft, condenser and the two sets of transmission gears.

CL72-77 rims are always an issue with these models, as they have deep grooves which strengthen the rim, but also becomes a rust, dirt, mud channel which can ruin the rim completely in extreme cases. Today, even getting decent rims re-plated can cost upwards of $200 per rim, so this can be a big consideration. The rims on this bike had a few small areas where the wheels were left in one position for many years. There are some small pitting areas, but overall they should clean up pretty well.

Missing were the rear turn signal brackets and the top shock covers. Bonus items included the original Japanese language owner’s manual, service booklet and the tool kit/with tools still in place! Most of the rubber items, like the side cover bumpers, speedometer packing, tank mounts are degraded or missing. The fuel tank knee pads are in decent condition, however. The centerstand bumper was missing altogether, so the stand comes up above horizontal when retracted.

The engine compression readings were 180/170, which are quite good for bikes of this age, but the clutch lever pull was very difficult and the clutch adjuster lineup marks were off a ¼,” so something is amiss with the clutch assembly. The clutch cover screws are all looking a bit chewed up, so someone has been in there mucking around. When the clutch cover was reinstalled, the shift lever was misaligned so the toe portion was too low for the footpeg location, which didn’t help the shifting issue.

The stock exhaust pipes had the standard small baffles installed, but there apparently was no muffler installed in this 1965 model. It appears that the rear mount bolt, which ties the exhaust pipes to the frame, at the rear of the frame, has been replaced perhaps with a larger bolt. These mounting holes are often damaged when the bolt loosens up and backs out a little at a time, which causes damage to the thread holes. The special muffler mounting bolt is 8mm, so perhaps the stock bolt was lost and a plain 8mm bolt was installed in its place.

The bike fired up on the second kick, however it went into an artificially high idle and the speed screws could be backed all the way out with no change in rpms. A drive down the street yielded only 1st and 2nd gears after pulling firmly on the shift lever, so either the shift selector parts are worn/broken or there is something amiss inside the transmission. Some investigation is in order to remedy this issues, plus a few others before the bike is fully safe to ride again. The license plate is stamped 1984 and the student parking stickers on the fork legs date back to the 1977 era. This bike has been sleeping for a LONG TIME!

So far, the known history is the local seller got the bike from his father, who was in the Navy in the 1960s, bought the bike from a buddy when they were in California. The bike was titled in CA, then he moved to Indiana and the bike was registered there since 1966. The bike went into storage in the 1980s and just came to light recently when it was brought to California at the end of last year.

Stay tuned for the arrival, evaluation and repairs required to bring it back to full function once again!

Bill “MrHonda” Silver

Auto Insurance Chandler Arizona – Auto Insurance Coverage

Distinct Types of Auto Insurance Coverage

Chandler Arizona (AZ) auto insurance rates can be very high. I will realize. I reside there. Nevertheless it is possible to have a low cost AZ car insurance quote. Here’s how!

Car insurance companies offer an insurance plan for starters. What’s more is that it permits you to spread the cost of the premium by charging you with insurance cost monthly.

For your benefit, you can organize with organizations to offer the quality premium annually which is deducted from your checking account.

  • AZ Automobile Insurance Specifications

A single way to license your vehicle within Arizona you’re merely obliged to possess insurance coverage.

  • Liability Insurance

Liability Insurance covers the harm and injuries if you experienced and suffered from accidents of any sort that’s your problem.

The particular minimum of bodily injuries liability you need to have within Arizona is $15,500 per person with a $30,000 optimum for every crash. Your minimum damage to property insurance coverage will be $10, 1000.

If you don’t possess a lot of properties to shed from any grievance, this particular minimum protection, expressed as 15/30/10, may suit an individual just as fine. However, if you possess a lot of assets, this can certainly not protect anyone.

If the accident can be your fault, you’ll need liability to cover injuries as well as accidents. Car insurance Chandler Arizona provides liability coverage can be categorized as a property damage, which in turn will pay to mend and to repair the damages on others car as a tangible result of collision or damage.

  • Personal Injury Safety

Personal Injury Protection (PIP) covers essential medical expenses for both the driver and passengers. Although Chandler Arizona doesn’t require that you must have a protection, it’s a good notion to have at the very least the lowest insurance, thus healthcare expenses are going to be paid for.

  • Uninsured Motorist Protection

With Auto insurance Chandler Arizona, you can pay you and your passenger’s medical costs and property damage expenses that result form any harm or damage. I extremely recommend that you possess this because there are several drivers in Arizona.

Here’s a surprise: Not all owners carry adequate liability insurance from Auto Insurance Chandler AZ, and some bring not only one in any way, thus it really is illegal to drive without it. Uninsured motorist coverage will cover the problems and accidental injuries in the event it wasn’t your fault.

  • Accident and comprehensive Insurance coverage

Comprehensive insurance plan especially Insurance Chandler Arizona covers injuries to your car from robbery, fire, vandalism, sleet and so forth. Collision insurance pays for injuries to your vehicle whenever you’re caught up in any sort of accident it doesn’t matter who was at fault.

It is also otherwise known as Physical Damage Insurance. It involves damages carried out to your vehicle. It doesn’t only include during any incident, but also handles your vehicle in case of theft, wanton damage, and other rare occurrences. Not all policies include exactly the same regions, check along with different auto insurance company.

2014 Jeep Patriot Gets New Powertrain

Fans of the Jeep brand will be excited to hear about a new model that the company will be unveiling. The 2014 Jeep Patriot will prove to be a worthy addition to some of its predecessors, since it will feature an all new powertrain. This is causing it to draw in a lot of attention to the brand, because some people will wonder what other additions will go along with it. There are a few different inclusions for this model, which will feature some of the best updates Jeep has provided in years. Longtime fans of the brand will be pleased, but it may also draw in a new audience due to some of these features.

First, most people interested will inevitably want to take a look under the hood when they get started. This model is fitted with a 2.4 cylinder engine, which is a useful addition that many people may be able to expect. This can help many people get linked up with the right kind of engine that they need for their daily commute. It will offer up to 172 horsepower with the transmission that it features. This is a considerable amount of power, which is likely appealing to customers as well. If they buy the new model, they will get linked up with the brand new 2014 Jeep Patriot powertrain as well.

There are a number of other features that will accompany the 2014 Jeep Patriot powertrain. Some people may want to consider whether they can get linked up with this model, thanks in large part to its fuel efficiency. There are many people who have wanted to get better fuel efficiency from this class of vehicles. The new Jeep Patriot will be able to get 21 mpg on the street and 28 mpg on the highway. This may be appealing to many consumers out there, who want to maximize the amount of value they want to get from their vehicles. They should think about getting this car sometime soon, since it could save them a substantial amount of money in the long run.

This will also function as a new SUV in the Jeep lineup. It will offer some roominess for the passengers and a little bit of cargo room. It may not have the interior space of larger model SUVs, but it does offer a lot in return. It has a smooth and comfortable ride, which appeals to many people. The vehicle will also need to sacrifice some size, since it will need to maintain the fuel economy that it features. But its small size will likely be appealing to many consumers, who might be growing tired of large size SUV models out there.

In all, there is a lot to expect from this new release. Many fans of the brand are hoping that it will revamp the image of the Jeep and make it accessible to new consumers everywhere. Some buyers may want to talk to their local Jeep dealer about what it may offer to them. The standard model will come with the new powertrain, but there is an upgraded class that some may be interested in getting. This will introduce an even more improved transmission, which will offer more fluid shifting capabilities. Though it may not have the size that other SUV models have, the Jeep may just carve out its own unique niche for consumers out there.

Learn How You Can Discover the Car and Price of Your Dreams

When the time concerns purchase a brand-new car, whether brand-new or utilized, you need to be sure that you are properly educated on the target. If you’re not, there is a possibility that you can end up with a less-than-ideal car. Permit the complying with pointers to be your quick guide when car shopping.

Always ask the seller if they are willing to allow you do a test drive. While some exclusive vendors might not supply you the opportunity to do a test drive, there are numerous that will. You must try to do your handle someone who will certainly permit you to view just how the car runs.

Enter into the dealer with a bottom line price in thoughts. The sales person might attempt to concentrate on the monthly repayments or financing terms, yet your target must be to obtain the price you wish on the car you wish. You could constantly bargain the financing terms later on, and even fund with your very own financial institution outside of the dealer.

Never turn over your trade-in keys to the sales representative before the deal is completed. Some assertive salespeople will certainly hang onto them in an initiative to compel you into hearing them out, even after you have declined a bargain. Keep the keys in your property and just hand them over when the offer is done.

Whenever shopping for a pre-owned car, it would certainly be smart to stick with accredited used motor vehicles as this significantly reduces the possibility that you’ll end up with a car that is in bad condition. Merely ensure that the qualification if provided by the car maker instead of the dealer.

To ensure that your car buying process yield the most effective feasible selection for you and your family; assume thoroughly concerning your driving and way of life behaviors. Deliberately taking into consideration the sort of use the vehicle is likely to obtain will certainly assist you select the right one. Failure to keep factors such as fuel-efficiency or hauling capacity in thoughts while shopping can create you to acquire something that winds up being impractical for your daily needs.

Offer to buy a car instantly if the dealership will certainly satisfy your rate demands. Deal a cost that is practical, normally at or a little over invoice. Come equipped with info regarding exactly how you involved this rate, and request a commitment in creating that they accept it.

Energy economic situation should be considered prior to acquiring a car. A car that has good gas mileage could cost a bit even more to purchase, however over five years you will conserve a bunch of cash on gas. Think of the long-lasting when making a decision which car to buy.

Make sure you know all the readily available rewards prior to you start negotiations. You need to know all you can approximately trade-in policies and worth, charges from investors, car warranties, incentives and refunds. Understanding these rewards will give you with the expertise and confidence you require so that you can visit a dealership and obtain the very best offer on your car.

As stated primarily of this short article, you ought to truly be well-educated on looking for a car. This is so you could stay clear of obtaining a car that does not make you satisfied. If you properly utilize the recommendations this short article has actually offered you with, you will certainly be wanted with the car you get.

Cheap Auto Insurance in Texas – A Reality

Texas auto insurance companies are providing cheap auto insurance in Texas since a long time to best satisfaction of their clients. Very tough legal actions made it mandatory to have an insured auto in Texas and its cities. Almost each insurance company has a site and operates its business through it. Few sites provide a comparative study of service providers helping the individuals.

SR-22 is the basic requirement of drivers in Texas. He must have attained age of 15 to have a driving license. He can not have a license to use mobile below the age of 18. The minimum penalty for one man injury is $25,000 for one injury and $50,000 for one accident. If the auto is also damaged he will have to pay $25.000.

Cheap car insurance in Texas has been made more accessible as it is mandatory. Non compliance may cause a fine of $ 175-350 for the first time and thereafter up to $ 1000 or suspension of driving license or even forfeiture of vehicle. Texas Sure feature adopted in Texas to pinpoint uninsured vehicles and keep them off the road is running successfully. Drivers must have insurance identity card with them while driving.

How much amount should be arranged through insurance? Texas authorities require that a driver must have a liability insurance to cover $ 30, 000 for one death or accident, $60,000 for more than two injuries or deaths and $ 25,000 for vehicle damage.

Various auto insurance companies in operation are Austin Auto Insurance, Fort Worth Auto Insurance, Metro, Dallas Auto/Car insurance company and so on. The rates offered depending upon the valuation of the vehicle are variable from company to company. Various sites giving comparison and quotes must be consulted and most suitable option should be adopted after taking views of friends and relatives.

Rate of insurance is discounted for second vehicle insurance from the same insurance provider. Your clean record of safe driving is the best source of discount and is accounted for by most of the service providers. If you promise to pay certain fixed amount from your pocket in case of accident, your insurance rate will come down for the enhanced claim amount.

Your record of no claim in past will reduce the insurance rate. The company considers you a reliable person on road and rewards you for that. Paying the bills in time will increase your credit, benefiting you financially. Insurance of other items from the same insurance company may enable you another discount as laid in their rules. Avail as much as possible discounts to lessen the burden on your pocket.

Don’t fall in trap of insurance providers and awareness of their past history in disposing the claims must be taken in notice before taking the final decisions. But make it a habit to drive safely to avoid legal implications. Don’t let prove your fault in case of an accident. Enjoy a safe drive but choose the mandatory insurance policy to have confidence while driving in Texas.

Fiat goes big(ger) with 2014 500L

With the Fiat 500L, the Italian automaker answers a question that we’re not sure was ever asked: Can you make the iconic little compact just a little bigger?

Not a whole lot, mind you, just enough to give the backseat passengers more room and their own door without compromising on cargo capacity?

As a matter of fact, yes.

The 500L wagon, which joins the 500 and 500c, 500 Abarth and 500c Abarth, and 500e (for electric) hatchback in the Fiat portfolio, is all-new for 2014 and with two extra feet in length, offers as much interior space as many full-size sedans.

But it still retains the funking styling that made the original 500 a hit when brought to the U.S. in 2011 as a 2012 model.

With the extra heft, Fiat bumped horsepower and torque up to 160 and 184 pound-feet, respectively, by placing a 1.4-liter, turbocharged four-cylinder engine in all trim levels for the 500L.

Those numbers are similar to those for the hopped-up but smaller 500 Abarth (160 hp and 170 lb.-ft, respectively), and a significant step up from figures for the base 500 model. Horsepower and torque numbers for the 500 are 101 and 98, respectively, for models with normally aspirated four-cylinder engines and 135 and 150 for those with turbocharged engines.

The 500L consumes fuel at the rate of 25 miles-per-gallon city, 33 highway when equipped with a manual transmission, 24/33 with the automated manual (more on the transmission later). Numbers for the base 500 are 28/34 with the six-speed automatic and 31/40 with the five-speed manual.

Regular or 87 octane fuel is considered acceptable for the 500L, though 91 octane is preferred.

The 500L comes in four trim levels: Pop, Easy, Trekking, and Lounge with the Pop version carrying an MSRP of under $20,000 ($19,900, including the $800 destination and delivery charge).

The top-of-the-line Lounge model starts at $24,995 with extras like a power sunroof with a contrasting Nero (black roof), upgraded sound system, and 16-inch painted aluminum wheels running the final tab up to $27,445.

A bonus: During the first year of production, Fiat is offering a no-charge Premier Package of options with Easy, Trekking, and Lounge models that include a rear-park assist system, navigation with a 6.5-inch screen backup camera and Uconnect 6.5 for voice operation many of the technological features. Fiat labels it a package worth $1,700. But time is running out, so hustle on down if you’re interested.

A six-speed manual transmission is standard on 500L Pop, Easy, and Trekking models, and a Euro Twin Clutch automated manual transmission is optional on those trims and standard on the 500L Lounge model. It operates as a six-speed automatic, but can be shifted manually via the lever on the console.

As noted, the big attraction for the 500L is the extra size it delivers. Front-seat riders get 40.0 inches of legroom, and those in the back get 36.7 inches. The 54.6 inches of shoulder room in the back provides enough space to accommodate three children or two adults, and, of course, with the four-door configuration, there’s no twisting or contortions needed to get back there.

Storage room also is a big plus. There is 22.4 cubic feet of capacity behind the second row. Fold those back seats and the 500L offers up a maximum capacity of 68 cubic feet.

Styling pretty much always comes down to a matter of taste, but the 500L does offer a distinctive look with a bit of European flair that sets it apart from the bland features that are typically associated with the compact class.

A wide variety of interior colors are offered, and Trekking and Lounge models come with optional premium leather seats.

The downside: There are a lot of hard plastic surfaces throughout.

For a look at the Fiat 500L and some other specs, check out the accompanying slide show.

Choose Luxury Car Services For Your Memorable Moments

At the present time, many people are approaching for hiring major brand of luxury cars for special events. There are many reliable transportation services available in the marketplace. You can take enjoy of traveling by selecting a luxury option. In current time luxury vehicle charges are very normal & you also got lots of space which makes your travel comfortable. To take the enjoy of such type of services, you can hire Limo. Limo is providing transit of services.

Searching a reliable option to hiring a limo is a difficult task, but you can make easy it by the help of internet. The transport agency offers you limo on hire at an affordable price. They provide various packages to customers. If you are searching for a reliable airport transportation then you can contact them. You can take enjoy of brand traveling experience. For the advance booking of the car, you can give them complete detail and they always provide their services on time.

Their Corporate Car Service Limo is fully featured with modern amenities such as bar, high sound, music system, GPs navigation and much more. They charge for Limo basis on how long you need it? You find that they charge very nominal in comparison to other services. You also hire The Woodlands Limo on best price. They are enabled to meet the services according to customers need. Their cars are well maintained and properly clean, no question raising for cleaning.

You can also book their services for special days such as wedding, wine tasting tours, bachelor party, prom night and many others. It would be a great experience to spend time in luxury car with friends or family. They also provide decorating services for cars, according to the clients demand as well as the occasion. So need to worry about decoration of cars. They provide their services in very low price.

Moreover, they also provide customized packages such as free decoration services and many others. You can enjoy every moment of traveling and have an unforgettable experience. No need to assume the tension for booking, simply you can visit at their website and book your car. They also provide their services for Houston Rodeo. If you are getting married in Houston then you need to make a call to them and book luxury services. You can relax and enjoy the luxury ride. They’ll be there to ensure your big day is picture perfect. They offer you their services in hassle-free manner. They enable to cover the wide variety of events and occasion. In to know more about them or their services you can log-on their website.

What to Look For In Used Honda Dealers Before Acquiring a Vehicle

When it comes to purchasing a vehicle, it is always good to go for a used or pre-owned vehicle. Read on to learn why. Used vehicles serve two purposes for the shoppers. Firstly, it allows the shopper to purchase his/her favorite dream vehicle. Secondly, the price is much less than the new ones. Ford dealers Houston are offering excellent range of Used and Pre-owned vehicles at their ford dealership in Houston. You can head to their leading ford dealership and choose a vehicle of your dream.

In an effort to save your money, lot of people avoid purchasing used or pre-owned vehicles from dealers and choose to shop private owner instead. At times, it could save good amount of your money, but are you truly getting the same quality outlet? Just because the asking vehicle price is lower, it doesn’t mean it is the good deal. Shopping for a pre-owned or used vehicle usually starts out as an exciting and entertaining experience but as shopper get closer to making their vehicle purchase decision, they locate that the delectation has been replaced by Incertitude. There are numerous approaches why shopper become uncertain about their vehicle purchase, most noticeable of which involves being uncertain about the vehicle history in question.

When you start the process of purchasing a vehicle, there are many approaches to take into mind. Your vehicle price range is an immediate aspect, but you also likely have an idea of what you would like from vehicle dealers. Your ford dealers Houston can make firm that you get exactly what you are searching for. However, to find a reliable Houston Ford dealer, you need to learn what to look for. Even though it may seem like a challenging job at first, selling vehicle on Big Star Ford can be more rewarding and exciting than you could ever imagine.

There are numerous alternatives available when it comes to purchasing a used vehicle and going online with specialist online sites to locate and search a used vehicle dealer is one of the easiest and fastest ways of getting the vehicle of your dreams. Purchasing a pre-owned or used car is a good way to save some amount of your money, while still getting a decent vehicle. If you shop wise you can locate a good used vehicle.

Why one ought to buy a used vehicle? Obviously because everyone cannot afford to purchase a brand new vehicle! Purchasing either a used or pre-owned or a brand new vehicle is complicated on account to the great variety of vehicles and models in the market. It may be difficult to get a vehicle of one’s choice. Prices of brand new vehicles are so high. Luckily for the budgetary challenged shoppers, there is an option to owning if not a new vehicle, purchase a used or pre-owned vehicle that fits ones budget and lifestyle perfectly.

CL72 Day Three…. some triumphs and then a small tragedy

Continued wrenching on the domestic CL72 went along well, in the early stages, starting with the installation of some spare CB77 shock covers found in a box. The shock body dampers were both still working and not leaking, so the cover installations went smoothly. All that was left of the old shock covers were metal washers, remnants of the original covers which apparently suffered metal fatigue and broke off.
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Next job was to tackle the left carburetor choke arm and replace the o-rings after a cleaning and inspection. Using a MAPP gas torch and some flux/solder, the linkage was mended up enough to resume its place on the carb body. A spare CB77 carb body was disassembled to use the choke arm, but it was discovered that the 26mm carb choke pivot rod length was longer than for a 22mm carb body, so repairs were the order of the day.

The carb internals were in decent shape with #115 main jets installed, so just a quick check of the idle jet, float level and the air bleed passages was all that was required. It was interesting to see that the carburetor bodies were stamped CL72II, although it is unclear as to what other parts might be different from the standard CL72 carbs. Unfortunately, the carbs were rebuilt with Keyster carb kits and the needles have no markings upon them and the originals were not given back with the bike. According to the Japanese parts book listings, the carburetor has a -274-code main jet holder and throttle slide, but no other specifics are given.

My buddy, Scott, whose “endless supply” of Honda 250-305 parts has finally drawn down to a few scraps now, came up with a spare set of “Superior” brand CL72 air filters. Those were installed with the old connector tubes and everything was buttoned up. There was so little gas left in the tank that half of the trip over to the local 7-11 for gas was coasting through parking lots on a dead engine. Once refilled, the bike fired on the first kick and sounded fairly happy. A quick couple of miles of driving proved to be rewarding with a nice transmission function and a happy sounding engine, but on the return up a grade a misfire became evident, so the bike was nursed home for a checkover. After putting it on the centerstand and taking off my helmet, I turned back to the bike and was horrified to see oil dripping off the back side of the engine, drooling down the centerstand legs. #$%TQ$#^!!

Wiping down the oil pools, the search was on to find the “source” of the leak and it was finally traced to oil coming out the breather tube! That is never a good sign, however it really didn’t make sense as the engine does not smoke, the plugs were dry and the compression was excellent. Now what????

The engine top cover nuts showed signs of being removed previously, so the thought was that someone had put the baffle plate in backwards, which causes oil to pool at the top cover and then become expelled during high speed operation. One positive feature about working on the Scramblers is that you can remove the top cover without pulling the motor from the chassis, so that was the next step. Removing the upper motor mount is quick and easy, but that is also where the condenser is mounted. I had an odd spare condenser in stock that was marked for a Dream, but the leads were too short, so I thought it might be for the Type 2 Scrambler instead. With the motor mount out of the way, the 8 cylinder head nuts came off easily and the top cover was then gently pried off the cylinder head… Yuck!

Whatever gasket set was used before had turned into a version of wet cardboard, where it was unsupported and not clamped down firmly between metal surfaces. The gasket separated on both surfaces, tearing apart here and there. Surprisingly, the drain holes in the plate and gasket were in the correct orientation, but it appears that the excess gasket material was blocking drainage and perhaps even the evacuation of the crankcase breather fumes, except in high rpm operation. After the gasket surfaces were cleaned up and new gaskets and a spare clean breather plate installed, the cover was placed back onto the head and all the nuts retorqued. It was obvious that the previous mechanic was not aware that the copper sealing washers go the outside corners, with the steel ones on the inside four studs, as they were all reversed.

The condenser was replaced but the leads were on the short side as well, but long enough to route them safely. There appeared to be some kind of wood/insulation between the coil primary terminals and the frame, stuck in place to help isolate the coil from shorting out. The Type 2 coil is, of course, unique to this model and the mount is welded to the coil case, so there is nothing to do in the way of repositioning it away from the frame, other than elongating the holes. As I was inspecting the coil’s terminals, suddenly one of the spark plug wire connectors separated from the coil connection base! The spark plug wires were held in place by large Bakelite nuts, which screwed onto the coil output terminals, but the terminals were actually adapters which were glued into the coil top surface. I guess the wiser course of action should have been to just try to re-glue the terminal end back onto the coil base, but I tried to unscrew the two parts instead… bad choice. The Bakelite crumbled in my hands and all that was left was a half functional ignition coil with dim possibilities of finding a factory replacement part. Searching the web by the part number turned up ZERO hits. The next step was to hunt down a suitable 12v dual tower coil and adapt it to the frame.

Somewhere, recently, I saw an XS650 coil installed into a Honda Dream, so my search went that direction. Apparently Yamaha did both a single coil and twin coil ignition systems for their 650 twin and the XS650 site had an attractive aftermarket alternative for $39.95! That coil was a 4.5 ohm, 12v unit designed for bikes with points/condenser ignition systems, so it seemed to be a perfect match for my needs. During my web search time, I received an email message from a customer who was looking for a set of OEM Honda needles for his CL77. I wasn’t sure if I had them, but forwarded the message to my mentor/friend Ed Moore, who specializes in Scramblers, but has parts for the other models, as well. I had visited Ed back in 2007 and discovered an odd CL72 Scrambler chassis in his backyard boneyard. It was a big brake model, seldom seen in the US. I had asked him about whether that chassis still had rear turnsignal brackets, because the handlebars had a turnsignal switch mounted up on the right side. It turned out that the bike did have the mounts and a few other bits I needed, so they were earmarked for me once the weather cleared down in Kerrville. Ed emailed a message back to me to call him, which I did to clarify my parts needs for the CL72. In telling him my tale of woe about the dead Type 2 coil, he chimed in and said, “Oh, I have one of those coils!” He was going to build some kind of Type 2 Scrambler on his own and had picked up the coil and saved it for future use. Ed said that he wasn’t going to be able to get around to that project so offered the coil to me for a very reasonable price. Problem solved!

So, until the parts arrive from Texas, the CL72 is on hiatus, resting beneath the bike cover awaiting the spark of life again. Once it is back up and running, the crankcase breather situation can be rechecked and the misfire problems evaluated and corrected, as necessary. I also tracked down a set of OEM Honda Dream points made by Nippon-Denso from a Honda dealer who had an online catalog of their NOS vintage parts. I will change out the Daiichi point set with the N-D versions when I have the coil ready to install. Hopefully, this will have a positive conclusion for all the above-mentioned problems affecting the engine and the ignition systems.

In the meantime, it is back to the 1966 CB77 again for a new battery installation and other minor details.

Bill “MrHonda” Silver

Ram 1500 named Motor Trend 2014 Truck of the Year

Motor Trend has named the 2014 Ram 1500 full-size pickup truck as its 2014 Truck of the Year according to an announcement from Ram on Dec. 4.

This is the second year that Motor Trend has honored the Ram 1500 as Truck of the Year – having named it the Truck of the Year for 2013. This is the first time in the history of the Motor Trend Truck of the Year competition that this accolade has been awarded twice in a row to the same vehicle.

The Motor Trend honor follows the Texas Auto Writers Association (TAWA) recognition of the 2014 Ram 1500 as the Truck of Texas following their annual Truck Rodeo in October. This was also the second year in a row that TAWA so honored the Ram 1500.

According to the announcement by Ram, a full report on Motor Trend’s comprehensive Truck of the Year testing will be featured on MotorTrend.com and in the February 2014 issue of Motor Trend.

The announcement went on to say that the Motor Trend Truck of the Year winner is not chosen from a direct comparison against the other contenders, but rather as a result of how each contender measured up against the award’s six criteria: Design Advancement, Engineering Excellence, Efficiency, Safety, Value, and Performance of Intended Function.

The Ram 1500 was noted as a clear leader in the competition particularly for its all new 2014 Ram 1500 EcoDiesel – the first (and only) full-size pickup in North America to be powered by a diesel engine.

The Ram 1500’s all-new EcoDiesel V-6 engine with its its eight-speed TorqueFlite transmission – delivers a class leading tow capacity of up to 9,200 pounds while delivering fuel economy in the testing of 19/26/21 mpg city/highway/combined (Laramie Longhorn Crew Cab 4×4 with a 3.92 rear axle) and an even more notable 18/28/22 for the Lone Star Crew Cab 4×2 with a 3.55 rear axle.

The optional air suspension system on the 2014 Ram 1500 also scored high marks in the Engineering Excellence category, according to Ram, as it delivered a compliant ride and commendable handling no matter the terrain.

Motor Trend also was impressed by the 2014 Ram 1500’s breadth of line-up, style, packaging, and interior ergonomics; notably, the Laramie Longhorn’s luxury aesthetics and real wood trim.

“For 2014 we had a large and highly competitive field of contenders for Motor Trend’s Truck of the Year,” said Edward Loh, Editor-in-Chief of Motor Trend. “At the end of the day, though, the Ram 1500 quickly rose to the top. Not only did it withstand our rigorous testing, it thoroughly impressed our judges with its vast array of standard and optional equipment, and, most notable, its fuel-efficient, segment-exclusive EcoDiesel V-6. With 420 lb-ft of torque and up to 28 ‘Real MPG’ highway, the EcoDiesel is a true game-changer. In fact it helped make Ram 1500 the Motor Trend 2014 Truck of the Year – and the only consecutive winner in the history of the award.”

“Half-ton truck customers have been asking for a diesel engine and Ram is the only truck manufacturer to answer the bell and deliver not only best-in-class fuel economy but also 9,200 pounds of towing capability,” said Reid Bigland, President and CEO Ram Truck Brand, Chrysler Group LLC. “In a brutally competitive truck industry, the Ram 1500 is the only vehicle to ever win the Motor Trend Truck of the Year award two years in a row, reaffirming the fact that we have the best truck on the road.”

Source Chrysler LLC Ram Brand

Simple Tips to Trim Your Car Insurance Bill

Who doesn’t want to own a car? You can commute to any place at anytime when you have a car. But, owning a car is not all about traveling convenience, rather it’s a sign of your living standard. However, every car owner must invest in a car insurance to comply with law of the land. This is where you need to consider a few things that help you reduce your premium. By investing less, you can reap a lot of benefits. Here’s how.

Experts say that insurers prepare a plethora of clauses under which one can avail premium discounts on car insurance. Understanding these features can help you be aware of what discounts you can avail; and how to avail these discounts and whether these discounts makes sense fiscally.

However, over the last few years, the criteria for premium rating factors has witnessed changes beyond the four parameters prevalent earlier, viz. engine capacity, geographical zone, price and age of vehicle. These days many new parameters are considered to determine the premium rates. They have given birth to a lot of ways to be followed to lower your car insurance bill.

You can, for example, reduce the premium rates by 10-30 per cent by giving the proper and correct information to your insurer when you buy a car insurance policy online or offline. A new insurance company may not always offer you the best quotes for the plan that fits your need and budget. By taking a few steps and paying proper attention to certain facts, you can save on your car insurance premium. Read on to learn more:

  • No claims bonus

A no claims bonus is a comprehensive facility designed to offer extensive benefits to customers. This facility is given to an individual when he or she does not claim against a car insurance policy during the period of time specified by the insurer. A no claims bonus is offered in a form of specific percentage reduction in your premium in the subsequent years. This bonus increases with each claim-free year. It typically starts with 20% and can go up to maximum 50%.

  • Voluntary deductible discount

A popular car insurance company offers a discount to its customers on their vehicle premium when it finds that customers can bear a certain amount of loss in regard to each claim. This is where a voluntary deductible amount plays a vital role. A voluntary deductible discount is an amount that a customer agrees to pay in order to get more cover by the insurer. What needs to be kept in mind is that higher the voluntary deductible, the lower is the premium. The discounts offered with this feature typically fluctuate between 20% and 35% of the premium, subject to a maximum of Rs 3,500. When you buy a car insurance plan online, do review the amounts of voluntary deductible against the discounts. Remember, the discount amount should actually be higher than the voluntary deductible.

  • Make and model of the car

One of the major factors to be listed on the to-do list is to consider the make and model of your vehicle. Every make and model possesses its own claim record. An insurance company fixes the price of the vehicle on its claim experience. It may be that some models are more claim-prone due to their structure or usage and the premium will factor in all these facets. Experts are of the view that there are some makes/models that have prohibitive repair costs. So discounts may even depend on repair cost charged on certain make/models.

So determine these three factors at the time of purchasing a car insurance policy. It will help you trim your car insurance bill.

A car does not just help you roam in and out of your town; it can also help you save a lot of time and money. However, for this you need to do a thought through research in order to know what affects your car most. By investing in insurance, you can save. This article tells you how to pay lesser premium and reap more benefits.

Are You Looking For Incorrect Fuelling Solutions

Incorrect fuelling solutions are highly valuable when you have a misfuelling (putting petrol in a diesel engine or diesel in a petrol engine) mishap or emergency.

It is estimated that as many as 150,000 drivers in the UK put the wrong fuel in their vehicle every year. So if you ever put petrol in your diesel car or vice versa, then you are not alone. It is a very common mistake to make.

So if it happens to you, what incorrect fuelling solutions are available?

The fastest and easiest way to get your vehicle back on the road after a misfuelling incident is to have your tank drained down. If you have realised your mistake before starting your engine, this can be a quick, and relatively painless process. There are mobile fuel draining services companies all over to UK, and most can come out to you within an hour.

A mobile fuel draining specialist will come to your aid if you have inadvertently put the wrong fuel in your vehicle, they should be able to provide you with a fuel draining service on petrol station forecourts, at the roadside, whilst at work or home. In fact wherever your vehicle is, they will be able to help.

This on the spot, professional service can save you time and money, we all know how frustrating it can be waiting for breakdown services, only to see your car towed away to a garage, not knowing how much the repair will cost or how long you may have to wait, hours or days in some cases.

With roadside, fuel draining, you can now avoid expensive repairs and the inconvenience of having your vehicle towed away.

  • So what exactly does a fuel draining service do?
  • There are a few steps to a complete fuel drain. These include: –
  • Draining the wrong fuel from the vehicle’s tank
  • Flushing the fuel system through to ensure it’s free of the incorrect fuel
  • Replenishing the fuel system with fresh fuel

Once the drain down is complete, a proper mobile fuel drain company will ensure environmentally friendly recycling of contaminated fuel. Check to see if the company you choose is an Environment Agency approved carrier. This is important, as you don’t want rivers or drains polluted with the fuel you have mistakenly put into your engine.

The process shouldn’t take too long either. In fact, most fuel drains are completed within an hour. Meaning that one easy to make mistake shouldn’t end up ruining your entire day.

Understanding the Home Loan Application and Mortgage Approval – The Mortgage Lender Analysis

Do You Pass The Mortgage Lender Analysis? When a mortgage lender reviews a real estate loan application, the primary concern for both home loan applicant, the buyer, and the mortgage lender is to approve loan requests that show high probability of being repaid in full and on time, and to disapprove requests that are likely to result in default and eventual foreclose. How is the mortgage lenders decision made?

The mortgage lender begins the loan analysis procedure by looking at the property and the proposed financing. Using the property address and legal description, an appraiser is assigned to prepare an appraisal of the property and a title search is ordered. These steps are taken to determine the fair market value of the property and the condition of title. In the event of default, this is the collateral the lender must fall back upon to recover the loan. If the loan request is in connection with a purchase, rather than the refinancing of an existing property, the mortgage lender will know the purchase price. As a rule, home loans are made on the basis of the appraised value or purchase price, whichever is lower. If the appraised value is lower than the purchase price, the usual procedure is to require the buyer to make a larger cash down payment. The mortgage lender does not want to over-loan simply because the buyer overpaid for the property.

The year the home was built is useful in setting the loan’s maturity date. The idea is that the length of the home loan should not outlast the remaining economic life of the structure serving as collateral. Note however, chronological age is only part of this decision because age must be considered in light of the upkeep and repair of the structure and its construction quality.

Loan-to-Value Ratios

The mortgage lender next looks at the amount of down payment the borrower proposes to make, the size of the loan being requested and the amount of other financing the borrower plans to use. This information is then converted into loan-to-value ratios. As a rule, the more money the borrower places into the deal, the safer the loan is for the mortgage lender. On an uninsured home loan, the ideal loan-to-value ratio for a lender on owner-occupied residential property is 70% or less. This means the value of the property would have to fall more than 30% before the debt owed would exceed the property’s value, thus encouraging the borrower to stop making mortgage loan payments. Because of the nearly constant inflation in housing prices since the 40s, very few residential properties have fallen 30% or more in value.

Loan-to-value ratios from 70% through 80% are considered acceptable but do expose the mortgage lender to more risk. Lenders sometimes compensate by charging slightly higher interest rates. Loan-to-value ratios above 80% present even more risk of default to the lender, and the lender will either increase the interest rate charged on these home loans or require that an outside insurer, such as FHA or a private mortgage insurer, be supplied by the borrower.

Mortgage Closing Settlement Funds

The lender then wants to know if the borrower has adequate funds for settlement (the closing). Are these funds presently in a checking or savings account, or are they coming from the sale of the borrower’s present real estate property? In the latter case, the mortgage lender knows the present loan is contingent on another closing. If the down payment and settlement funds are to be borrowed, then the lender will want to be extra cautious as experience has shown that the less of his own money a borrower puts into a purchase, the higher the probability of default and foreclosure.

Purpose Of Mortgage Loan

The lender is also interested in the proposed use of the property. Mortgage lenders feel most comfortable when a home loan is for the purchase or improvement of a property the loan applicant will actually occupy. This is because owner-occupants usually have pride-of-ownership in maintaining their property and even during bad economic conditions will continue to make the monthly payments. An owner-occupant also realizes that if he/she stops paying, they will have to vacate and pay for shelter elsewhere.

If the home loan applicant intends to purchase a dwelling to rent out as an investment, the lender will be more cautious. This is because during periods of high vacancy, the property may not generate enough income to meet the loan payments. At that point, a strapped-for-cash borrower is likely to default. Note too, that lenders generally avoid loans secured by purely speculative real estate. If the value of the property drops below the amount owed, the borrower may see no further logic in making the loan payments.

Lastly the mortgage lender assesses the borrower’s attitude toward the proposed loan. A casual attitude, such as “I’m buying because real estate always goes up,” or an applicant who does not appear to understand the obligation he is undertaking would bring low rating here. Much more welcome is the home loan applicant who shows a mature attitude and understanding of the mortgage loan obligation and who exhibits a strong and logical desire for ownership.

The Borrower Analysis

The next step is the mortgage lender to begin an analysis of the borrower, and if there is one, the co-borrower. At one time, age, sex and marital status played an important role in the lender’s decision to lend or not to lend. Often the young and the old had trouble getting home loans, as did women and persons who were single, divorced, or widowed. Today, the Federal Equal Credit Opportunity Act prohibits discrimination based on age, sex, race and marital status. Mortgage lenders are no longer permitted to discount income earned by women even if it is from part-time jobs or because the woman is of child-bearing age. Of the home applicant chooses to disclose it, alimony, separate maintenance, and child support must be counted in full. Young adults and single persons cannot be turned down because the lender feels they have not “put down roots.” Seniors cannot be turned down as long as life expectancy exceeds the early risk period of the loan and collateral is adequate. In other words, the emphasis in borrower analysis is now focused on job stability, income adequacy, net worth and credit rating.

Mortgage lenders will ask questions directed at how long the applicants have held their present jobs and the stability of those jobs themselves. The lender recognizes that loan repayment will be a regular monthly requirement and wishes to make certain the applicants have a regular monthly inflow of cash in a large enough quantity to meet the mortgage loan payment as well as their other living expenses. Thus, an applicant who possesses marketable job skills and has been regularly employed with a stable employer is considered the ideal risk. Persons whose income can rise and fall erratically, such as commissioned salespersons, present greater risk. Persons whose skills (or lack of skills) or lack of job seniority result in frequent unemployment are more likely to have difficulty repaying a home loan. The mortgage lender also inquires as to the number of dependents the applicant must support out of his or her income. This information provides some insight as to how much will be left for monthly house payments.

Home Loan Applicants’ Monthly Income

The lender looks at the amount and sources of the applicants’ income. Sheer quantity alone is not enough for home loan approval; the income sources must be stable too. Thus a lender will look carefully at overtime, bonus and commission income in order to estimate the levels at which these may reasonably be expected to continue. Interest, dividend and rental income would be considered in light of the stability of their sources also. Under the “other income” category, income from alimony, child support, social security, retirement pensions, public assistance, etc. is entered and added to the totals for the applicants.

The lender then compares what the applicants have been paying for housing with what they will be paying if the loan is approved. Included in the proposed housing expense total are principal, interest, taxes and insurance along with any assessments or homeowner association dues (such as in a condominium or town-homes). Some mortgage lenders add the monthly cost of utilities to this list.

A proposed monthly housing expense is compared to gross monthly income. A general rule of thumb is that monthly housing expense (PITI) should not exceed 25% to 30% of gross monthly income. A second guideline is that total fixed monthly expenses should not exceed 33% to 38% of income. This includes housing payments plus automobile payments, installment loan payments, alimony, child support, and investments with negative cash flows. These are general guidelines, but mortgage lenders recognize that food, health care, clothing, transportation, entertainment and income taxes must also come from the applicants’ income.

Liabilities and Assets

The lender is interested in the applicants’ sources of funds for closing and whether, once the loan is granted, the applicants have assets to fall back upon in the event of an income decrease (a job lay-off) or unexpected expenses such as hospital bills. Of particular interest is the portion of those assets that are in cash or are readily convertible into cash in a few days. These are called liquid assets. If income drops, they are much more useful in meeting living expenses and mortgage loan payments than assets that may require months to sell and convert to cash; that is, assets which are illiquid.

A mortgage lender also considers two values for life insurance holders. Cash value is the amount of money the policyholder would receive if he surrendered his/her policy or, alternatively, the amount he/she could borrow against the policy. Face amount is the amount that would be paid in the event of the insured’s death. Mortgage lenders feel most comfortable if the face amount of the policy equals or exceeds the amount of the proposed home loan. Less satisfactory are amounts less than the proposed loan or none at all. Obviously a borrower’s death is not anticipated before the loan is repaid, but lenders recognize that its possibility increases the probability of default. The likelihood of foreclosure is lessened considerably if the survivors receive life insurance benefits.

A lender is interested in the applicants’ existing debts and liabilities for two reasons. First, these items will compete each month against housing expenses for available monthly income. Thus high monthly payments may reduce the size of the loan the lender calculates that the applicants will be able to repay. The presence of monthly liabilities is not all negative: it can also show the mortgage lender that the applicants are capable of repaying their debts. Second, the mortgage applicants’ total debts are subtracted from their total assets to obtain their net worth. If the result is negative (more owed than owned), the mortgage loan request will probably be turned down as too risky. In contrast, a substantial net worth can often offset weaknesses elsewhere in the application, such as too little monthly income in relation to monthly housing expense.

Past Credit Record

Lenders examine the applicants’ past record of debt repayment as an indicator of the future. A credit report that shows no derogatory information is most desirable. Applicants with no previous credit experience will have more weight placed on income and employment history. Applicants with a history of collections, adverse judgments or bankruptcy within the past three years will have to convince the lender that this mortgage loan will be repaid on time. Additionally, the applicants may be considered poorer risks if they have guaranteed the repayment of someone else debt by acting as a co-maker or endorser. Lastly, the lender may take into consideration whether the applicants have adequate insurance protection in the event of major medical expenses or a disability that prevents returning to work.

When a mortgage lender will not provide a loan on a property, one must seek alternative sources of financing or lose the right to purchase the home.

Everything You Ever Needed to Know About Payday Loans But Were Afraid to Ask

A payday loan is a small short term loan you can use to cover expenditure until your next payday. You can apply online and the decision to loan you the money is made almost straight away. In most cases the whole application can be completed online and the money loaned can be credited into your bank account on the same day as you make your application.

A payday loan is an unsecured loan, so it is not dependent on collateral, such as you owning a house or car etc.

Generally when you make your first application you can borrow any amount up to £300, depending on your take home pay. You are more likely to be approved the less you want to borrow, so it is advisable to borrow only what you need. Once you have successfully repaid loans with one particular company they may then offer to lend you anything up to about £750 in subsequent loans.

Payday loans can provide a useful solution for short term cash flow problems.

Who can apply for a Payday loan?

In order to be eligible for a payday loan you must be over 18 years old and in employment with a take home wage of at least £750 per month. You must also have a bank account with a valid debit card.

Even if you have bad credit history you should still be able to obtain a payday loan as long as you fulfill the above criteria.

How do you get a Payday loan?

The majority of payday loans are available online, so there is no delay with faxing or posting of documents. The application process is quick and easy to complete. You will be asked for your name, address, details about your monthly income and employment, when your next payday is, along with the amount you wish to borrow and your bank account details.

Once you have submitted your application you should hear back from the payday loan provider within minutes. They will email you with their decision to the email address you have registered with your application.

Payday loan providers partly make their decision as whether to lend you money dependent on the amount you want to borrow compared to the amount you earn. Only borrow what you need, the less you borrow the more likely that your application will be accepted and the smaller the amount of interest you will accrue.

If your application is successful you will be sent, by email, your loan agreement showing the amount that will be lent to you, the repayment date and the amount of interest you will pay on the repayment date. Along with the loan agreement you should also be sent loan conditions. These loan conditions should outline your rights under the Consumer Credit Act 1974 along with details about repaying the loan, cancelling the loan and the use the personal information you supply when applying for the payday loan.

If you are happy to proceed you sign online by providing details of your name and answering a security question such as your mothers’ maiden name. Then, email this back to the loan provider and the money will be deposited into the bank account you registered at the application process. The money can be deposited in your bank account on the same day you make the application, so this is a very fast and efficient way of borrowing money short term.

How do I repay the loan?

You will need to repay the loan amount and the interest accrued on the repayment date as specified in the loan agreement. The repayment date is usually your payday, hence the name payday loan.

The repayment will be collected by the loan provider by debiting the bank account you registered at the application process, which is the bank account into which you get your wages paid.

Repayment over a longer period

Payday loans may be extended if you find yourself in a position to be unable to satisfy all or part of the amount due on the repayment date. If this happens it is recommended that you contact your payday loan provider as soon as possible and explain your circumstances to them. They will then be able to explain your options and how to go about extending your loan.

Even if you are not able to fully settle the repayment amount, it is advisable to pay off as much as possible on the repayment date. This will help to keep the amount of interest you owe to a minimum. Some companies may charge you additional fees for extending your loan, you should check if this is the case before you sign your loan agreement.

Regulation of Payday Loan Companies

Properly regulated payday loan companies must adhere to strict laws governing the finance industry.

As with any financial product you apply for it is always advisable to check that the company offering the loan is properly regulated. The payday loan company you are applying to should show its Consumer Credit License number within its loan conditions and it should also be authorized by the Office of Fair Trading. If you are in any doubt as to whether the payday loan company you are considering applying to is fully regulated then you are within your rights to contact either of these bodies for further information.

As long as the payday loan company you are applying to is properly regulated, there will be a recognized body to make any complaints you may have to and you can be assured that you will not be subject to any unfair practices.

What are the benefits of a Payday loan?

Fast

One of the main benefits of a payday loan is the speed at which the cash can be credited to you. The money you need can be available to you in your bank account on the same day that you make the application. This can provide valuable assistance if you have a short term cash flow problem and need money in an emergency.

Simple

The application process is very simple, it takes just minutes to apply for a payday loan and you do not have waste time posting or faxing documents to the payday loan provider, as you would with other more traditional high street loans.

Poor Credit History

Payday loans are available to people with a poor credit history. This is because payday loan companies do not solely make their decision to lend based on a persons credit history. As long as you fulfill the application criteria you have a good chance of obtaining a payday loan. For many people a payday loan may be the only way they are able to obtain credit, especially in the current financial climate where the majority of lenders are unwilling to provide loans altogether, never mind to a person with a poor credit history.

Use of the Loan Money

You do not have to tell the payday loan provider what you need the payday loan for. You can use the money for whatever you want. You may need money in an emergency which can not wait until payday for instance; emergency medical or dental treatment, to settle a bill quickly, extra spending money on holiday or even for a romantic weekend away. The choice is yours as long as you make the repayment due on the repayment date.

No Upfront Costs

There are no upfront costs associated with a payday loan. You do not pay anything back until the repayment date you have agreed to in the loan agreement.

Why does the APR appear high on payday loans?

The APR applied to payday loans appears at first glance to be high. This is very misleading, but there is a simple reason why this figure looks so high. APR is an Annual Percentage Rate, and as such is calculated over a whole year (365 days). However, a payday loan is taken usually only over a number of days or weeks.

The APR calculation was not designed to apply to very short term loans such as payday loans. It was designed to apply to long term loans in existence for a year or more. It is really a theoretical figure than enables people to compare similar longer term loan products, like mortgages or ongoing credit balances.

Rather than relying on the APR rate it is more advisable to look directly at the loan agreement to see exactly how much interest you will be charged for the period of your payday loan. Some companies have a standard interest charge for the amount you wish to borrow regardless of the duration of the loan. It is then up to you to decide whether you will be able to repay both the cash advance you receive initially and the interest amount on the repayment date.

To Conclude

Many people do not have savings or access to credit cards or more traditional loans and so the convenience of a regulated payday loan provides piece of mind should the occasion arise that they need some money quickly.

If you need money in a hurry, can not wait until payday and are confident that you can make the necessary repayments on the repayment date, this could be the ideal solution for you.

Overall, payday loans are convenient, easy to access and offer a viable option for people who require money quickly for whatever reason.

What Next in the World of Tax Preparers Oversight?

The last three weeks have been rather eventful in the world of tax preparers oversight!

It all started last March when three tax preparers filed a law-suit against the IRS, seeking to end the testing requirements that would require tax return preparers to demonstrate competency, and to maintain proficiency by taking 15 hours of continuing education courses, in order to continue preparing and file tax returns for their clients.

A couple weeks ago came the news that U.S. District Court Judge James E. Boasberg of the DC District Court had ruled in favor of the plaintiffs, declaring that contrary to the IRS’ assertions, the agency does not have statutory powers to regulate individual tax preparers. The Judge enjoined the IRS from continuing to administer tests to certify the competence of tax return preparers.

Last week it was announced that the IRS, working in conjunction with the Justice Department, had moved to lift the initial injunction, while it prepared an appeal to be filed within the next 30 days.

The lead attorney for the tax preparers who filed the suit against the IRS was confident after the initial decision emitted by Judge Boasberg was definitive and unequivocal in its intent to halt the IRS regulation requiring individual tax preparers to take a competency test, and expressed confidence that the Judge would not go back on that decision.

However, on February 1, the Judge responded to the motion from the IRS, in conjunction with Department of Justice and modified his earlier decision. At least for the time being, the IRS does not have to shut down the tax return preparers registration program but, on the other hand, under the modified decision the Judge made it non-mandatory for tax preparers to take the competency test and pay the required testing fees to the IRS. Under the Judge’s modified ruling, preparers may take the test on a voluntary basis and are not required to pay the test fees. However, tax preparers are still required to apply for and obtain a registration number, or PIN, from the IRS, in order to qualify to file tax returns.

Under the new ruling, the IRS does not have to dismantle the costly and complex program it already put in place at a cost of millions of dollars, as such steps would have proven unnecessary should the present court decision be reversed on appeal.

The IRS has indicated that it will appeal the US District Court’s ruling that the agency does not have the power to license the hundreds of thousands of tax preparers who work on individual tax return preparation, and alludes to the fact that immediate discontinuing of the tax preparer oversight program would substantially disrupt tax administration. Already, there has been a delay on the date to begin filing individual returns, which was moved to January 30. Some returns will not start being processed until later.

In light of the events that have transpired in the last few weeks, one thing is certain. The IRS will appeal the Court’s decision to suspend the RTRP competency testing and the plaintiffs who filed the initial lawsuit will probably continue to try to derail the IRS’ intentions to regulate the tax preparation industry.

But judging by opinions aired in blogs by tax practitioners who have already studied for and passed the RTRP test, the oversight program is necessary to curb potential fraud and malpractice, reduce the gross errors in tax returns that end up working to the disadvantage of the taxpayer, but above all, point to having the RTRP certification as a symbol of professional pride and demonstrated competency, which will work to the advantage of the tax professional by raising taxpayers’ trust and confidence in the work of their tax preparer..

Finding the Luxury Home That Was Perfect for Us at Cherry Creek Colorado

You can get all kinds of different apartments just like you can get all kinds of different homes. We were looking at some luxury Cherry Creek real estate properties. We were deciding on whether we wanted a home, condo or luxury apartment suite. We both have worked for decades building a business we started before we even got married. Now we were in a position to upgrade our style of living to what we have always wanted. We were selling a home we had renovated and moving into a luxury property at Cherry Creek.

This area is right there in the Denver Metro area. You can find urban design as well as streets with trees and homes that have been there for along time. I like these kind of transitional areas of the old and new. We both like living in an urban setting, but we do like trees, parks and other nice spaces outdoors. We found a nice penthouse apartment that suited our needs quite well. Continue reading →

6 Surprising Truths About Tax Preparers

Choosing the right tax preparer for your business is a decision best not left until April. A former tax preparer and small business mastermind offers insights into the secret world of tax preparers.

1. All tax preparers are not created equal.

It stands to reason, somewhere in the country is the Worst Tax Preparer. The bad news is you may have already booked your appointment with him. Preparing taxes is a complex activity. So complex that many of us simply throw in the towel, pack up our receipts, and head for the nearest tax office. When you arrive at the office, you fully expect our tax preparer to be highly competent and completely vested in getting you the best deal in town.

Back in my tax preparing days, I worked for one of the big name tax preparation franchises both as a preparer and as a tax return editor. I worked with seasoned professionals and total neophytes. I well remember the first time I stepped up to the plate as a new preparer. I was terrified. Terrified the customer would know I was inexperienced. Terrified I’d make a huge blunder and the customer would pick up on it. Terrified the more experienced preparers would laugh at my mistakes.

I quickly realized that as inexperienced as I was, I still knew way more than my clients did. And because the franchise had great systems, others would be checking and re-checking my work so my mistakes and oversights would be caught before I did any damage to the client.

As a tax return editor, I saw and corrected more mistakes than you would feel comfortable knowing about. Which brings me to a very important point, tax preparation is not a cut and dried, read the manual, do the formulas, follow the instructions, and poof! you’re done kind of activity. The tax codes in this country are complex and open to interpretation.

Tax preparers have a wide range of experience from none to grizzled veteran. They also span the continuum from ethical to completely fraudulent. The more complex your return, the more you need a veteran preparer. And if your preparer tells you about this great deduction that you can take and it sounds suspicious to you, listen to your intuition. It’s the difference between paying a little bit now or paying a whole lot later.

2. Tax preparers are not business experts.

The only business experts in the world are those who are running successful businesses. Tax preparers are trained to understand taxes. They’re trained to know the proper forms and deductions. They’re trained to help you with tax planning. They are not trained to understand how business works.

Now, you may have a tax preparer who is also a successful business owner. Many CPA’s, accountants, bookkeepers, and tax preparers do run their own businesses. They’re in a much better position to help you with your taxes because they understand the day to day challenges of running a business.

Understand that having your taxes prepared by a big name franchise, although it does ensure that your return is accurate, does not mean that your return is prepared in a way that is best for your business. Only a preparer who understands business can prepare a return that works for your business.

3. Hiring a tax preparer doesn’t mean you’re excused from understanding taxes.

I’ve seen it so many times. I sit down with a client to talk about finances or taxes. As I talk, the head is nodding, the mouth is saying, “uh huh, uh huh”, but what they’re really focused on is the pen in their hand. They don’t want to understand, they just want to sign off on the paperwork and be done with it. “That’s what I hire you for”, they say.

Big mistake. I could be sentencing them to time in a federal prison. Trusting someone else to the point where you abdicate all responsibility and have no knowledge of what you’re signing or what is being done in your name is a recipe for a big fat slice of disaster. That’s how embezzlement happens-I trust Mary completely. Bob always takes care of that. And it’s also how business owners end up in trouble-What do you mean he took a deduction for my Chihuahua as a guard dog? Hey, why didn’t I get a deduction for my new computer?

You have to know enough about taxes to be able to read your return intelligently so you know what you’re signing. You also need to know enough about taxes so you know what your tax preparer needs to know to prepare your return accurately and to your best advantage.

And don’t get your education from your buddies. I heard a lot about these “special deductions” you can take. Usually the information is not based on facts or tax codes. It’s a conglomeration of bad information that can get you into tax trouble.

4. Your tax preparer shouldn’t be the one telling you how your business is doing.

It hits them hard. They couldn’t be more shocked if you’d hit them upside the head with a dead fish. “I owe how much!”, they gasp. “How can that be? I don’t have any money!” Then the desperation sets in. The tax preparer is accused of not doing a good enough job. “You must have missed something.” Or, they dig deep trying to think of anything, anything at all, that can lower their tax liability. “Did I mention that vacation, I mean, business trip I took to the Caribbean? That’s deductible right?”

If the only time you know how your business is doing is on April 15th, you’re doing yourself a huge disservice. If you’re not tracking your tax liability and making plans to satisfy that liability, you’re in for a very long, painful, tortuous lesson delivered at the hands of the Internal Revenue Service. You will pay. You will pay way more than if you’d planned ahead. And it will take you forever to get caught up.

5. Why getting your tax return prepared shouldn’t be an errand you run on your lunch break.

I was in a client’s office one day getting her books closed out for the year so she could have her tax return prepared. I overheard a woman in the next office telling someone, “I’m just going to run out and get my taxes done.” I was horrified. Having your taxes prepared is not something you just “run out” and get done like an oil change. Good tax preparers are like good hair stylists. They have followings. People pre-book them.

If you just “run out” and have your taxes done, who do you think you’ll get as a tax preparer? The best and the brightest? Hardly. You’ll get the first year preparers who haven’t built up a following. The ones who are fresh out of tax class and generally have no experience preparing tax returns or running a business. The ones who don’t have the expertise to know the ins and outs of interpreting tax codes to your best advantage while still keeping you within the law. Sure everyone deserves a chance to gain experience but do you really want to be the first patient a surgeon operates on?

6. Procrastination is your worst enemy.

It’s April 14th. You think you probably should get your tax stuff together pretty soon. So, you work late into the night, gathering receipts, pawing through stacks of paper, digging under the seat of your car until finally you’ve got everything you need. Off you go on your lunch break on April 15th to get your return prepared. Your tax preparer, who has been working at a feverish pitch for weeks, has deep circles under her eyes, her hands are shaking from lack of sleep and too much caffeine, and you notice a small stream of drool running down her chin. “Oh look,” she exclaims laughing maniacally, “Another return!”. And you think to yourself, “What’s her problem?”.

You, my procrastinating friend, are her problem. Now she’s got to frantically race around trying to keep you out of trouble because you didn’t have the courtesy or forethought to be prepared well ahead of the deadline. And then she’ll have to listen to you whine because now all of a sudden you have to come up with thousands of dollars that you didn’t know you owed.

Do yourself a favor, get your return done early. If you owe money, you don’t have to send it until April 15th. At least you’ll know that your return was prepared by a tax preparer who wasn’t fatigued, you’ll know ahead of time what you owe, and you’ll have it off your mind so you can focus on other important things. Like getting your oil changed on your lunch break.

Fast Money Recap – The Basics

Many people nowadays want to earn fast money. One of the ways to accomplish that is by learning the trend in the stock market. One of the most watched business programs in the United States is the Fast Money program by CNBC. Did you miss an episode? Do not worry; you can always watch it through Fast Money Recap.

If you want to stay updated on the stock trading trends, then the program to watch is Fast Money Recap. The show airs for about 60 minutes and is shot on location at NASDAQ Market Site, New York City. It is produced by CNBC and serves as a ticker that shows index symbols and security similar to an old telegraph messaging set-up. Tickers flashed on the program uses information from various third-party companies like the American Stock Exchange (AMEX), the NASDAQ, the New York Stock Exchange and Reuters. In other words it serves as a business news band around the globe. The said ticker is now shown in between commercial breaks.

They even have blogs to keep its viewers updated with how the money moves in the stock market. This American stock trading show has been in live telecast for almost six years or from 2006. Getting a large following the program has undergone re-formats to suit trader’s choices. The program also talks about exchange-traded funds, commodities and options trading as well. There are usually Wall Street trading experts that will discuss about how-to invest well, technical analysis on the economy and merits of the debate regarding a certain sector or stock.

Why watch Fast Money Recap? This has everything a serious trader needs: the views of each stock owner on their stocks, stock predictions and disclosures by the traders. Most traders would watch this an hour the trading closes to know how the stock market did for that day. This will give you an in-depth knowledge on how to earn money fast in the stock market, which trends to follow and what other investment schemes are effective for you.

You can get updates of Fast Money Recap through their blogs, or it can be sent straight on your mobile phone. Get the leverage in getting informed regarding business and stock trading news. Knowing how to invest, when to place your hard-earned money online and in the stock market will spell the difference between wealth and bankruptcy so make sure that you are armed with knowledge before investing.

Get the Money You Need to Invest Through soft Money Lenders

Investing in commercial real estate, like any investment, is an assessment of risks and potential rewards. Like any commercial venture, there are always risks, and there are tools in place to help you reach those rewards, often for incremental increases in risk.

One of the easiest tools to use (and misuse) in commercial real estate development is debt and credit. We’re going to characterize the money you get from lending as “soft money”, money you pay to have access to, as opposed to hard money, where you’re taking an outside investor on to your property.

Fundamentally, paying interest in money is paying someone else for the privilege of using their funds to make your projects work out. Interest rates are driven by the Prime Lending Rate, which you’ve no doubt heard news stories about. The prime lending rate is the rate that banks charge other banks for loans, and is generally set by the Federal Reserve. All other interest rates made in a given quarter have their rate set as the prime late plus a small addition to the rate (or, in some cases, a large addition.)

To determine what sort of money you’re going to want, understand that the banks are in the business of lending money – and getting paid back with interest for it. They want to minimize risks, and they’ll run a credit check on you, and on your business. Most people who have the financial means to make the down payment on a property have cleared up their credit problems ahead of time, but be aware that a personal or business bankruptcy in the last few years can get you denied for a loan or make you pay for an exorbitant amount.

Soft money has interest charged on it; the interest rate is the percentage of the initial money borrowed that has to be paid (in profit) to the lendor each year. Thus, if you borrow 100,000 dollars at 8% interest and pay it off in one year, you’ll have paid $108,000 for the property. Those interest rates are cumulative over time; there’s a rule of thumb used in the financial market for compound (cumulative) interest rates called the Rule of 72: Divide 72 by the number of points of interest your money is making, and that’s the number of years it will take for the cumulative interest to equal the amount of the initial loan. Using our earlier $100,000 investment, at 8% APY, 72 divided by 8 is nine, which means that paying that loan back over 9 years means you’ll have paid out $200,000 for the property. Always factor your interest rates into your cost calculations on return on investment, and monthly cash flow calculations.

Now, the good news is that some interest, especially when applied to residential properties, is tax deductible for your business, but still, you’ll need to assess several things with your property before getting the initial loan.

The first one – what’s the largest down payment you can afford, without hurting your own cash position? Larger down payments result in saving money in the long run, but can be an important cash flow hit early in the history of the investment. Larger down payments will usually (but not always) translate into lower monthly costs on the property (the primary exceptions are when you’re buying a residential property with high tenancy rates – these command high initial down payments because of their favorable capitalization rates and revenue potential, but still have the attendant costs of running a residential property.)

Second, how quickly do you intend to sell this property? The longer you intend to hold on to the property, the better a long term loan will look. This is because banks charge lower interest rates for longer period loans, due to the rule of 72 mentioned above. If you want to buy, renovate and turn, you’re going to want to get a shorter term loan, because it’s harder to sell a property with attached debts and second mortgages. In particular, any property that needs substantial improvement may need to have its interest rate needs assesses carefully – it’s not difficult at all to take a commercial property and turn it into a money pit that consumes all your profits.

For sources for your loan, the obvious place to look is a bank, preferably one with a strong business lending history. Understand that due to the regulations put on the Savings and Loan industry in the 1980s, it’s very hard for small businesses to get a substantial sum of money; there are regulations that keep them from lending to new businesses to prevent a future bailout. Another source for your loan can be a credit union or building society; these are tools that allow multiple investors to pool resources to build businesses – this is one reason why credit unions require all customers be called members, and why they require a $5 deposit.

Not so obvious places for your loan: If you’re coming out of the military, you’re entitled to a Veterans Administration loan, generally at very favorable rates, and bypassing a large number of credit checks for loans of $150,000 or less. While the intent of this loan program is to let veterans buy their first homes after mustering out, these loans are excellent tools for new investors to buy, renovate and turn properties over for a quick profit.

Similarly, Small Business Investment Relations (or SBIR) loans can often be had from local chambers of commerce, if you can provide a solid business plan for how you’re going to make a profit and pay the loan back. Housing and Urban Development loans can also be had for investors who intend to hold on to a property for low income housing, though this tends to be best as for a “buy and hold” strategy.

How to Make Fast Money

Do you want to make fast money? Are you interested to make money working from home? This page would help you out to make money fast and easy through the strategies this article will provide to you. Trust me, many people have proven themselves because they began learning how to make money fast and had to step up doing it.

First and foremost, you should have the interest to write articles of different topics and categories. The web has lots of information related to articles, essays, eBooks and reports. You could use that as reference in writing web content articles.

There are thousands of websites for writers that can provide you to make cash online. By writing for several hours a day, you could easily make money on internet. In other words, writing online is one of the make money ideas available you could do at home. Learn how to earn money by writing as many articles as you can. Wait for several months and you could make lots of money fast.

Go to popular blog sites and sign up. Don’t worry because registering accounts and submitting articles are free. However, if you want to make money quick, it’s better to create your own websites. It is the fast way to make money because there are more easy things you could do to monetize your sites.

When one of your websites is ranked number 1 on major search engines like Google, you can make extra cash through that. Achieving that is very easy. You only need to have a large number of traffic.

Another idea you could add if you have websites is the use of Google AdSense. This is an ad program that helps you make fast money. Let the AdSense make money while you are away from the computer, sleeping, having a break or a long vacation. AdSense works when the Google ads on your web pages are clicked. To have the assurance, let someone click on the ads of you sites and make money.

Writing doesn’t end there. You need to distribute your articles to blog directory sites. It’s another strategy you could easily do on how to make lots of money fast. Build backlinks through keywords which would link to your main sites and redirect viewers to your main websites. Isn’t that very simple? Yes, it is very simple and it will help you make fast money online.

Next, you could also do some affiliation with online businessmen. With the use of promoting or selling products, you can make money on the internet. You could also sell your own products if you want. Try selling some items on eBay and you will earn money. This money making idea also applies when you have your own websites. You get money from the number of traffic plus the amount of items sold. It could be a good way to make fast money or quick money. If you don’t have any items, you could just simply become an affiliate to others who sell products and services. It is still a chance to make money easy because you get about 75% commission of sale.

Affiliate marketing is an avenue you could do to make fast money. As the internet continues to become the fastest and quickest source of great ideas to make cash online, then you should start making money fast by doing this strategy.

One of the easiest tasks to get rich is through PPC. PPC is Pay-per-click which lets you click ads on the web and make fast easy money. It is a very easy job everyone can do to make money at home.

There are some people who will hire people to do some PPC task because this will help their websites bloom. For the people who click ads, it’s another way of making money fast for them. Like I’ve said, it’s one of easiest way you could learn on how to make money online. Yes, you will be really making money out of this.

Free online surveys are another easy way to make fast money. By answering few questions, you could make fast money. You could enjoy doing this to earn money because you are only going to give your own opinion and ideas.

Easy money is definitely a goal by everybody. If you have that dream, make sure to do the money making strategies this page have provided for you. Those are great ideas to make big money fast. Be flexible and have the determination if you are really interested to make fast money. Who knows, you might just be doing extra money later on.

Those are the quickest and easiest ways to apply on how to make money and how to make cash fast. If you start right away, you could not surely stop doing. Instead, you make money online every day. If you want to make money now, start doing it. Remember to make extra money, too, because extra tasks are the secret on how to gain money fast. Don’t wait and make fast money now!

The Cost of Payday Loans

You need a cash advance immediately, but are too shy to ask relatives or friends, and are scared of the paperwork involved in a bank loan. Shed all your worries, for help is a mouse click away in the form of payday loans. Payday loans are one of the most convenient ways of getting a cash advance today with practically no paperwork or other hassles.

Defining Payday loans

Payday loans are a short-term cash advance, when it is needed the most…usually between paydays! Payday loans are a great way to get some cash to tide you over to your next paycheck. The goal of payday loans is to assist you with finances to meet that unforseen requirement. The money is given as a cash advance and is directly deposited into your personal checking account, after which the cash advance funds, plus a fee, are taken out of your account at the end of the loan which usually is your next payday.

However, a payday loan is no substitute for long-term financial planning. This cash advance should only be taken to meet urgent financial needs until your next payday. It is only in emergencies that payday loans come in handy. Payday loans also bail you out of situations of bounced checks and late payment penalties by making the appropriate cash advance available.

Understanding The Cost Of Payday Loans

Forewarned is forearmed! So it is with payday loans. If you know what this kind of cash advance will cost you, you will be in a better position to weigh the pros and cons of opting for it. This way you will also know exactly what amount you need to pay back to the payday loan companies.

Your first step should be to find out the best rate of payday loan on offer. Whichever payday loan company you may choose you must know what will be the fixed amount that you will owe upon completing your payday loan.

Usually most payday loan companies charge around $20 to $30 per $100 of cash advance. To ensure that there are no ambiguities, insist that your final payday loan amount is spelled out in dollars and cents. This will help you know what you need to pay, when your payday loan is due.

To judge the best deal, go for the payday loans company that is offering a lower APR. Usually, most payday loan companies provide a cost-breakdown per 100-dollar increments that coincide with the rate.

Furthermore, most payday loan fees are based on the duration of the cash advance. The standard APR for most companies falls into the 400 percent range. As an example, suppose you were to borrow $100 at a fee of $20 for a 2 week period and if you did not pay if for a year, your service charge would be $520 for a 520% APR. To which you need to remember to add the original $100 that you borrowed.

There may be a situation where you are unable to repay the full amount of the cash advance to the payday loans company. In such a situation, the payday loans company generally charges the payday loans finance fee and defers the principal payment over a longer period of time, usually another 14 days.

The Other Hidden Costs

There are several hidden costs in a payday loan! Remember, if you are unable to pay this cash advance and you happen to lose your job, the clock does not stop. If you default on the cash advance, which includes the principal plus interest, the payday loan company will reclaim the entire amount plus all the interest accrued on this loan. A payday loan company may exercise a number of options to collect this cash advance:

·Sue you for the funds.

·Use a collection agency.

·Enter your details into a bad credit database which may limit your capacity to cash/write a check for commercial purposes.

·File a legal complaint for bounced-check charges that may leave derogatory information on your credit file.

By now, it should be clear that it is not prudent to go for payday loans without being aware of the repayment structure. To play it safe, make sure that the cash advance is repaid on time to the payday loans company. Read the fine print before you sign the agreement and understand the worst-case scenarios before deciding to take a payday loan. Once you understand the costs involved in obtaining a cash advance, you are a step nearer to fully enjoying the benefits of payday loans!

Banking Innovation, Soft KPIs and Evaluating Social Media Use

In today’s economy, the importance of remaining innovative and proactive, rather than simply reacting to market conditions, is greater than ever. Part of this is focusing on driving banking innovation by the use of social media, in order to extend the reach and productivity of all banking operations. However, in order to determine if the banking strategies are optimal, it is necessary to evaluate them, using soft Key Performance Indicators (KPIs).

Unlike “hard” KPIs, or those KPIs directly tied to immediate, quantifiable financial benchmarks, soft KPIs involve a longer-term process of evaluation, one based on social and personal evaluations. This is especially true in the case of social media, involving large groups such as the bank marketing association.

These KPIs can include direct measurements to determine how many individuals are being reached by the social media campaign. An example would be how many individuals are signing up to the social media networks such as Facebook. However, while easy to evaluate, these may not be the best indicators of the reach of the advertising campaign.

More effective soft KPIs might involve focusing on customer comments, via the social media and what their comments, whether positive or negative, focus on. This would allow the bank to determine what their customer base is most interested in, and what areas they feel could use improvement. This is especially beneficial, as tracking comments would allow the bank to focus on those issues that are most important to their customer base.

Secondly, in evaluating comments and user participation, the bank should try to establish methods to make the sharing of consumer opinion easier and more effective. By allowing a streamlined comment or discussion process, banking innovation can be fostered at all levels of the institution.

Finally, whether as an individual bank or part of a bank marketing association, the evaluates need to remember that soft KPIs are just that-soft, and will not always provide unambiguous data. Determining whether a spike in customer comments represents a genuine change in opinion or simply the activities of a few energetic users often requires a subjective judgment on the part of the evaluates.

Banking innovation via the use of social media is a powerful tool for modern financial institutions. By making use of soft KPI metrics, a bank can effectively prepare itself to face a fast-moving business future. Think about defining the right metrics for your business and then apply them conservatively for best results.

All You Need To Understand About Payday Loans

A payday loan indeed has many names. Some call it a cash advance loan. A few think of it as a check advance loan. One another name is often a post-dated check loan. A few others call it a deferred-deposit check loan. The Federal Trade Commission in the U.S. calls it “costly cash”. Regardless of what you call it, it is really the same thing: a smallish (generally $50 to $500) short-term loan having considerable interest rate.

Why would you obtain a payday loan?

Payday loans are preferred for many reasons. To those who are actually in the position of requiring one, its benefits outnumber the disadvantages. And there really are shortcomings; nevertheless we will analyze those aspects subsequently.

To start with, place yourself in the shoes of the individual who requires some quick money. Perhaps you have just been placed in the unenviable situation of suddenly requiring some cash and being taken by surprise. You might have had a totally unexpected health care bill or perhaps automobile repair bill, or you may really need to take a trip unexpectedly, like in the case of demise in the family. Some people who want swift funds utilize it to fork out their every day expenditures, such as rent, groceries, utilities, and so on… Whatever the reason will be, you desperately require that money and you simply do not now have it.

Is really a payday loan your last option? Do you have other different solutions you could check out first? Well, what are often the merits of payday loans? Let us find out:

1. You would not really have to undergo the hassle of a credit check.

2. You will be able to fill out an application in person, on the phone or on the internet.

3. The procedure normally takes under 20 minutes.

4. The loan proceeds are conveniently deposited into your bank account in less than a day.

5. It is very affordable, at least to start with – you really do not have any up-front expenses.

6. It is very discreet – nobody else is involved in the process.

7. It is secure – your financial details are not discussed with others.

Alright, that makes sense. These are adequate reasons to get rid of the stress of remaining short of money. It is really a “quick fix”. You will be able to cover the shortage, and move on with your life. And you will be able to repay the next payday, correct? So you have settled your situation.

Just where would you be able to get a payday loan?

Payday loan firms are pretty much all over the place. There are over 10,000 payday loan outlets in operation in the U.S. And they are spread out in identical fashion all over the globe. If there is not a payday loan outlet near you, you can search the internet and uncover plenty of online payday loans out there.

These providers are in business to “help” people in dire financial need. They give these kinds of loans to individuals that cannot obtain the money they need at any other place. Let us now profile one firm who furnishes payday loans as part of their basically financial services business – Money Mart.

Money Mart was basically promoted as an alternate to banks. Their hours would extend past banking hours, and they would situate themselves in lot more accessible locations than banks. They can cash checks even when banks were closed, and people would not really have to travel very far for their services. They should have been on the correct course since today, they have 1,700 locations in Canada, the U.S. and the U.K.

A common Money Mart customer actually is an average working individual, 32 years old (82% of clientele are less than 45 years) and currently employed, having an annual earnings of approximately the national average. These clients go to Money Mart because of their fast service, their easy venues, and their prolonged functioning hours. The entrepreneurs of Money Mart had been right – their primary ideas nonetheless hold true these days.

Ever since including payday cash advances to their monetary services, they have carved themselves a very nice niche in the market. But they are certainly not the sole choice. You can today find a minimum of one, and typically several, payday loan facilities in almost every community.

Why precisely would you choose not to obtain a payday loan?

Now that we have researched the convenience of payday loans, let us now have a fair take a look at the disadvantages. All over the United States of America, governments on virtually every level are looking at payday loan channels with mounting worry. Plenty of individuals feel that they make the most of low-income people in financial difficulties. Some go as far as to express they “prey” on them. Their argument to that is that they are filling up a requirement and they are not carrying out anything illegal. So the debate goes on – let us examine why.

Do you remember when you believed you had sorted out your difficulty and you could move on with your routines? Well, what if perhaps your following paycheck, after your planned expenses, was not good enough to pay off the obligation?

If perhaps you came up short once again, you need not be troubled – payday loans are extendable, or renewable. This procedure is termed “rollover” and, when you do the same far too many times, it can end up costing you a whole lot of money. Let us study an illustration: Say that you borrowed $100 for 2 weeks (till your following payday). You give a check to the loan provider for $115 (including your $15 fee). The annual percentage rate of that loan is actually 391%! If perhaps you cannot pay off the $115 at the due date, you can rollover the loan for another couple of weeks. If perhaps you rollover the loan 3 times, the lending fee will reach $60 for a $100 loan. That is quite substantial interest, do not you suppose?

These are details you need to give consideration to when you are deciding if a cash advance payday loan is the ideal solution in your particular circumstance. For sure, the loan cost is substantial, yet it gives you the funds you require, whenever you need it, thus avoiding a whole lot of tension and trouble. It is really pretty true in consumerism nowadays that convenience will cost you money. Nevertheless is it worth that much? That is a question you will really have to answer for on your own.

Payday loans tend to be controversial – however they do fill a necessity

At this point we have evidently presented both sides of the discussion – and it is really a big debate in recent times. Hence which party will you go with? That depends upon your current situation. In case you truly simply have to have it, and you do not really possess some other choice, then a payday loan is probably the prudent thing for you. At the very least you will be in a position to keep your peace of mind, even when it does cost you some money.

When you end up in this scenario, use it as a chance to learn. Keep in mind, there are hardly any mistakes – simply lessons. When it is essential to get hold of a payday loan, ensure that you do not really roll it over a lot of times – that is really when it will become a trouble. Also in the interim, try to create a crisis fund so you would be able to cover those unforeseen expenditures. Become a good financial manager. Then you would possess an alternative, and also you would not have to depend on a payday loan as being “your last resort”.

How To Define Cheap Loans And How You Can Get One Today

Many borrowers are looking for cheap loans, but how is a cheap loan defined? For starters a person has to remember that nothing is free and loans cost money. Loans are paid for through interest rates and fees.

Lenders are in the business of trying to make as much money off the loan process as possible. It is up to the borrower to make sure they get a cheap loan because the lender is not going to worry about making it that way for the borrower.

Lenders earn their money off loans through the interest rates they charge and the fees associated with the loan. Borrowers are responsible for watching out for these costs. Interest rates are often the most talked about charge. That is because interest can really tack on a large chunk of money to the cost of a loan.

Big ticket items can cost a borrower more than the actual loan amount. In the end the borrower will have paid double, sometimes triple, the actual loan amount in interest rates alone. This is why getting a low interest rate is so important in getting a cheap loan.

The trick to getting a low interest rate is shopping around. The interest rate is going to be based on a few things. It will be based on what the current interest rates are and on the borrowers credit history. The borrower really has no way to control the current average interest rate, but they can improve their credit to help lower rates.

Additionally, the borrower can shop around until they find the lowest interest rate lenders will extend to them. This is helpful even for a borrower with less than perfect credit. By shopping around a borrower is taking control of the situation and therefore has more of a chance of securing a cheap loan.

Fees are another way lenders make their money. Many lenders include all types of fees in a loan agreement. If a borrower does not read the terms and conditions of the loan carefully they will likely end up with hidden fees that will cost them in the end.

Some common fees include processing fees, like application fees, and early pay off penalties. Processing fees are often included and justified as paying for the time of the person who processes the loan. It is just another way to get more money from borrowers and is not really a necessity.

Early pay off penalties are common place in the loan world. These penalties are the lenders way of protecting themselves form losing too much money. What this penalty does is costs the borrower should they pay off the loan early then the specified date in the contract.

Getting a cheap loan is really in the hands of the borrower. It is the borrower who must be diligent in reading the terms and conditions and shopping around. The borrower is the only one who will benefit from cheap loans, so they have to be the one to make sure they are getting a cheap loan.

Eastern European Banking Model

A traditional banking model in a CEEC (Central and Eastern European Country) consisted of a central bank and several purpose banks, one dealing with individuals’ savings and other banking needs, and another focusing on foreign financial activities, etc. The central bank provided most of the commercial banking needs of enterprises in addition to other functions. During the late 1980s, the CEECs modified this earlier structure by taking all the commercial banking activities of the central bank and transferring them to new commercial banks. In most countries the new banks were set up along industry lines, although in Poland a regional approach has been adopted.

On the whole, these new stale-owned commercial banks controlled the bulk of financial transactions, although a few ‘de novo banks’ were allowed in Hungary and Poland. Simply transferring existing loans from the central bank to the new state-owned commercial banks had its problems, since it involved transferring both ‘good’ and ‘bad’ assets. Moreover, each bank’s portfolio was restricted to the enterprise and industry assigned to them and they were not allowed to deal with other enterprises outside their remit.

As the central banks would always ‘bale out’ troubled state enterprises, these commercial banks cannot play the same role as commercial banks in the West. CEEC commercial banks cannot foreclose on a debt. If a firm did not wish to pay, the state-owned enterprise would, historically, receive further finance to cover its difficulties, it was a very rare occurrence for a bank to bring about the bankruptcy of a firm. In other words, state-owned enterprises were not allowed to go bankrupt, primarily because it would have affected the commercial banks, balance sheets, but more importantly, the rise in unemployment that would follow might have had high political costs.

What was needed was for commercial banks to have their balance sheets ‘cleaned up’, perhaps by the government purchasing their bad loans with long-term bonds. Adopting Western accounting procedures might also benefit the new commercial banks.

This picture of state-controlled commercial banks has begun to change during the mid to late 1990s as the CEECs began to appreciate that the move towards market-based economies required a vibrant commercial banking sector. There are still a number of issues lo be addressed in this sector, however. For example, in the Czech Republic the government has promised to privatize the banking sector beginning in 1998. Currently the banking sector suffers from a number of weaknesses. A number of the smaller hanks appear to be facing difficulties as money market competition picks up, highlighting their tinder-capitalization and the greater amount of higher-risk business in which they are involved. There have also been issues concerning banking sector regulation and the control mechanisms that are available. This has resulted in the government’s proposal for an independent securities commission to regulate capital markets.

The privatization package for the Czech Republic’s four largest banks, which currently control about 60 percent of the sector’s assets, will also allow foreign banks into a highly developed market where their influence has been marginal until now. It is anticipated that each of the four banks will be sold to a single bidder in an attempt to create a regional hub of a foreign bank’s network. One problem with all four banks is that inspection of their balance sheets may throw up problems which could reduce the size of any bid. All four banks have at least 20 percent of their loans as classified, where no interest has been paid for 30 days or more. Banks could make provisions to reduce these loans by collateral held against them, but in some cases the loans exceed the collateral. Moreover, getting an accurate picture of the value of the collateral is difficult since bankruptcy legislation is ineffective. The ability to write off these bad debts was not permitted until 1996, but even if this route is taken then this will eat into the banks’ assets, leaving them very close to the lower limit of 8 percent capital adequacy ratio. In addition, the ‘commercial’ banks have been influenced by the action of the national bank, which in early 1997 caused bond prices to fall, leading to a fall in the commercial banks’ bond portfolios. Thus the banking sector in the Czech Republic still has a long way to go.

In Hungary the privatization of the banking sector is almost complete. However, a state rescue package had to be agreed at the beginning of 1997 for the second-largest state bank, Postabank, owned indirectly by the main social security bodies and the post office, and this indicates the fragility of this sector. Outside of the difficulties experienced with Postabank, the Hungarian banking system has been transformed. The rapid move towards privatization resulted from the problems experienced by the state-owned banks, which the government bad to bail out, costing it around 7 percent of GDP. At that stage it was possible that the banking system could collapse and government funding, although saving the banks, did not solve the problems of corporate governance or moral hazard. Thus the privatization process was started in earnest. Magyar Kulkereskedelmi Bank (MKB) was sold to Bayerische Landesbank and the EBDR in 1994, Budapest Bank was bought by GE Capital and Magyar Hitel Bank was bought by ABN-AMRO. In November 1997 the state completed the last stage of the sale of the state savings bank (OTP), Hungary’s largest bank. The state, which dominated the banking system three years ago, now only retains a majority stake in two specialist banks, the Hungarian Development Bank and Eximbank.

The move towards, and success of privatization can be seen in the balance sheets of the banks, which showed an increase in post-tax profits of 45 percent in 1996. These banks are also seeing higher savings and deposits and a strong rise in demand for corporate and retail lending. In addition, the growth in competition in the banking sector has led to a narrowing of the spreads between lending and deposit rates, and the further knock-on effect of mergers and small-hank closures. Over 50 percent of Hungarian bank assets are controlled by foreign-owned banks, and this has led to Hungarian banks offering services similar to those expected in many Western European countries. Most of the foreign-owned but mainly Hungarian-managed banks were recapitalized after their acquisition and they have spent heavily on staff training and new information technology systems. From 1998, foreign banks will be free to open branches in Hungary, thus opening up the domestic banking market to full competition.

As a whole, the CEECs have come a long way since the early 1990s in dealing with their banking problems. For some countries the process of privatization still has a long way to go but others such as Hungary have moved quickly along the process of transforming their banking systems in readiness for their entry into the EU.

Cheap Loans – How You Can Get One

Cheap loans can be hard to come by. Many people do not even realize just how much their loan is costing them. The interest rates and any other fees add up over time.

What may seem like a necessary expense is actually costing the borrower big time. Getting cheap loans is not always easy. Lenders don’t want to give out cheap loans because that is taking away from their profit.

Essentially a cheap loan is a loan with low interest rates and minimal fees. Just about the only way to get low interest rates is to have exceptional credit. It is almost impossible for a person with less than excellent credit to get a cheap loan.

This is because lenders tend to use interest rates as a safeguard for risk. In lending, a person with a high credit score is low risk, where a person with a low credit score is a high risk. That means the person with the less risk gets the lower interest rates.

There are some ways to make a loan cheaper without having to haggle over interest. One way is to pay back fast. If a person pays a loan back early then they will have less interest that they have paid. Keeping loans to shorter payback periods can accomplish this.

Another way is to avoid loans that come with fees. Avoiding all fees may be impossible, but it is best to try to get a loan with the fewest and lowest fees possible.

Many times fees are tacked on for things that the borrower is not eve aware of, such as quick delivery of the money or early payoff penalties. That is why reading all paperwork carefully is important.

It is also important to be wary of some cheap loans. Many lenders advertise cheap loans but when a borrower applies they learn those cheap rates are really for those with excellent credit ratings.

There are also many scams out there that contain hidden fees or clauses that can make for problems down the road. By being smart and really paying attention, though a borrower should be able to decipher a scam when they see one.

Cheap loans are still loans. No matter how much they cost all loans have to repaid. A borrower should not get too excited at how cheap the loan is and forget that they will still have to pay the money back. Be smart and only borrower what you can afford.

Look at the monthly repayments and see if you could afford to keep up with them if you were out of work for 3 months. Also see how much the total interest rate would be if bank rates went up by one or two percent.

It may take time and work, but cheap loans are possible for everyone. This is also true if you are self employed. Generally lenders will perceive you as a higher risk and increase the interest rate accordingly.

CNBC Fast Money And The Halftime Report

CNBC Fast Money is a financial talk show in the US mainly discussing stock trading. Since 2007, it is aired every night at 5 pm or an hour after the conclusion of the NYSE. But in 2011, this financial investing TV program was moved to Mondays to Thursday to give way to special programs and forex trading on Fridays. The show is taped in NASDAQ headquarters in New York. After Dylan Ratigan, who is now the host of Fast Money?

Vibrant and dynamic, the panel referred to as the Fast Money Five and host Melisa Lee offers an interactive stock trading talk show. When the trade is closed, Melissa and the Fast five provides input about the significant financial trends and how viewers can gain profit. How can you gain fast cash with this program?

Often visited by experienced traders and panelists, CNBC Fast Money offers valuable insights for viewers who are interested in stock trading and individual or corporate investors searching for crucial information. With interesting segments and program features that provides marker for the most significant pops, drops and notable players in the stock market, this program is directed to the financial world and catered to help traders in the succeeding days. What about the program’s ratings?

The first 13 episodes of CNBC Fast Money in 2006 at Wednesdays 8 pm were very low at estimated 110,000 viewers a week. The program was moved to a new timeslot at 5 pm resulting to its better reception and higher ratings. Viewership has doubled within a few weeks. Then after this 5 pm test, the network re-launched the program back at 8 pm hoping it might have gained footing after the amplified viewership. It failed. Ratings plummeted again. Fortunately CNBC retried the program at 5 pm and had gained its intended viewership for good. What about the Halftime Report?

CNBC Fast Money Halftime Report has similar format but airs after noon. This show debuted in 2010 and was initiated from the segment on CNBC power Lunch. This special edition is hosted by Scott Wagner and airs live from Global HQ in New Jersey. Initially aired as a 30-minute talk show, the halftime Report became a one-hour TV program in 2011 and moved up to the noontime programming. This is the replacement of the cancelled show “The Strategy Session,” which suffered from very low ratings. Individual and corporate traders and investors can watch this show to monitor current trends in the stock trade and get the latest insights from the experts.

Payday Loans

Paysaver Payday Loans makes Internet Lending “Easy”

Paysaver Payday Loans offers payday loan, cash advance loans and fast cash services for whatever you need.

At PaySaver Payday Loans we promote honesty and integrity and we were proud to have been named as “The Australian Payday Loans Specialists” by our peers. We were given this title because we were one of the first to perfect the payday loans business in Australia.

We recognised the need for people to have a safe, secure, simple & fast way of obtaining payday loans of small amounts of money without the hassles, delays and costs associated with formal bank applications.
We then developed a unique system of lending exclusively via the Internet and Fax which has proven to be the most cost effective, efficient and fastest way of obtaining payday loans to date.

Our slogan is “Your personal ATM on the net” because you now have the convenience of applying for payday loans from the safety, privacy and comfort of your computer.

Simply send us your payday loans application and 30 minutes later, upon approval, your money is sent directly to your account!

Can Paysaver Payday Loans it get any better than that? – Yes it can!

After your first loan is successfully repaid your payday loans you are promoted to PaySaver Express where your approval time is reduced to only 15 minutes.

PS. We have kept our payday loans prices the same since we started trading back in early 2004 and that is why we have the lowest payday loan fees in Australia!

Paysaver Payday Loans gets you the funds you need ASAP. Why wait for your cash advance when you can get it overnight? Our loans are 100% safe, fast and completely online – so think of us for your payday loan fast cash needs.

It keeps getting better! We’ve made it incredibly easy to qualify for payday loans by offering our industry-leading application process to you at no additional expense to you.

There are no credit bureau reports on your payday loans, never an application fee, and of course, no credit checks. If you are at least 18 years of age, receive a regular source of income, and have direct deposit enabled on your bank account, you’re practically approved for Paysaver Payday Loans – don’t wait any longer apply for payday loans as you can apply for these unsecured payday loans today!

We specialize in providing overnight payday loans for individuals who are in need. We strive to bring people of all types pay day loans that are reasonably priced, quickly deposited, and managed by a professional lending team – why settle for less when you get an advance on your payday loans today!
Need short term payday loans cash advance to take care of that emergency, that unforeseen bill or just to reward yourself? Paysaver Payday Loans is a fast and secure way to get payday loans from the privacy of your own home!

Applying and qualifying for a payday loans advance loan is quick and easy, and confidential and requires minimal faxing.

Once you’re approved for our payday loans cash advance, we will electronically deposit the money directly into your checking or savings account. We offer flexible payment options and a discrete service that gets you the cash you need right now.

It’s that easy, why not apply and make Paysaver Payday Loans your loyal partner today.
Ever run a little short of cash before your next payday?

It happens to most of us at some stage. A night out with friends, registering your car or maybe just paying a couple of bills? Nothing a few hundred dollar payday loans won’t fix.

However, it can be frustrating if the cash is days away and you need it earlier. whatever the reason a Paysaver Payday loans is always there.

It’s even harder if you’ve had a minor, bad credit mishap, are too busy to get away from work or don’t want to commit to paying off a large, long term loan or credit card then try a Paysaver Payday Loans.
Paysaver Payday Loans has helped thousands of Australians in your situation with a convenient, clear and secure alternative. Quick turnaround times mean that you can be paid in as little as 20 minutes.

Options For Getting Your Taxes Prepared

When tax season rolls around each year the are a number of individuals who need to decide how their tax returns will be prepared and filed. Each taxpayer has a number of tax preparation options. These tax preparation options can include self preparation or hiring the services of a tax professional.

Individuals who makes the decision to hire the help of a tax professional are likely to hire an accountant or professional tax preparer. The majority of professional tax preparers are employed by a large company that specializes in tax preparation. Taxpayers are often required to take the necessary documents to a tax preparation office. Popular professional tax preparation companies include H&R Block and Jackson Hewitt. There are likely to be other smaller or locally owned tax preparation companies located in cities or towns throughout the United States.

Taxpayers also have the option of hiring an accountant to prepare and file their taxes. Many individuals who have complicated financial records are likely to hire the services of an accountant because accountants are not only trained in tax preparation, but bookkeeping as well. When choosing a tax accountant to do business with taxpayers are encouraged to ask an accountant about their qualifications or relevant business experience. There are two main types of accountants. One is a person that may just have previous accounting experience and then there are certified public accountants (CPAs). Certified public accountants (CPAs) are required to take a set number of college credits and pass a CPA exam before becoming certified. Certified public accountants are likely to charge their clients more money; however, they tend to offer better results due to their large amounts of training and experience.

The only downside to hiring a professional tax preparer or an accountant to do your taxes is that they are likely to cost a large amount of money. The majority of accountants and other professional tax preparers charge their clients based on the number of state and federal forms that need to be filled out and how complicated they all are. It is not uncommon for an individual to pay over one hundred dollars to have their taxes professionally prepared. For this reason there are many individuals who decide to prepare their own taxes.

When an individual decides to prepare their own taxes they have a number of different tax preparation options. Until recently the majority of taxpayers who prepared their own taxes relied on paper tax forms to file their taxes. Paper forms are not as popular as they used to be; however, there are still many individuals who use them. The majority of taxpayers have federal and state tax return forms mailed to their residence. This is a convenient option that is given to all previous taxpayers. Other taxpayers can obtain federal and state tax forms and their instruction booklets by visiting their local library, post office, or bank.

The reason why paper forms are not as popular as they used to be is because of the development of tax software programs. Tax software programs are available for purchase online or in most retail stores. They are designed to allow individuals to prepare and file their taxes accurately and quickly. There are many tax software programs that transfer a taxpayers information from one form to the next. All tax software programs have a mathematical checker that prevents a number of errors from being reported on a tax return. Tax preparation software programs often come in a standard, deluxe, or premium version. The deluxe and premium versions are likely to include both federal and state tax return forms while the majority of standard versions only include federal tax return forms.

Once a taxpayers make the decision to have their taxes professional prepared or self prepared there are still more decisions that need to be made. Individuals are encouraged to examine their situation and decide whether they should hire an accountant, take their takes to a tax preparation office, file paper tax returns, or use a tax preparation software program. Each taxpayer is likely to make a different selection based on different circumstances. What are yours?