Is it Sensible to Borrow Money to Buy a Car?

If you are looking for a new car then you may feel that you need a loan to get it. This is because cars tend to be expensive. Although you can buy very cheap cars, they tend to normally not be in very good condition and unless you are confident that you could get them working well yourself, perhaps if you have skills as a mechanic, then it is best to try to pay more and get one that offers better value for money. Of course, you will always take a risk when buying a car as you will not know for sure whether it will be good or not. Buying brand new is less risky because it has not been used by anyone else so cannot have been mistreated and it will probably come with a warranty against manufacturers faults. Buying second hand is a far cheaper option and one that many people choose to do. This is trickier as the car has had previous owners and therefore may not have been looked after well. However, if you buy from a dealer they will have serviced it and might give you some sort of guarantee on it. Buying from an individual is much riskier, especially if you know very little about cars and how to check them to see if they look like they will be good value for money. This tends to be a cheaper way to buy a car, however, it can be risky. Therefore, if you want to get better value for money when you buy a car you will normally have to pay more and this will increase your chances of needing a loan. However, getting a loan will not be the right thing for everyone. It is important to make sure that you will be able to cope by asking yourself a few questions.

  • Will I be able to cope with the repayments – it is really important to find out what the repayments on the loan will be and to calculate whether this is something that you can afford each month. Note how many repayments you will need to make and therefore how long the loan will continue for as you will need to make sure that you can continue to repay the loan for the full term. Think about your finances and whether you will be able to manage or whether you will struggle. You might be able to find ways that will make it easier for you to manage but it is really important that you have a plan in place and feel really confident that you will be able to get things to work, before you take on the loan. Sit down and look at the figures. It is easy to make a guess and convince yourself that it is safe to get the loan, but it is much better to make sure that you actually do the calculations.
  • Will buying a car with a loan mean I get one that is better value for money – it is also worth making sure that you really will be getting a car that is better value for money if you take a loan. Some models of car are dearer than others anyway and you might be tempted to buy a more expensive model which is just as dilapidated as the cheaper model that you could afford without a loan. If you do this then you will not be getting good value for money. It will much better to pay more for the model you were considering to get a younger car with a lower mileage that is in a better state of repair than going for a trendier car that will be no less prone to breaking down than one you can afford without a loan.

It is really important to make sure that you can make the right decision. Getting a loan is a really big step and you need to make sure that you are getting it for the right purpose. If it so that you can buy a car that will give you good value for money then this is a good reason. However, if it is to buy a car tat you will like better then this is not a good reason. You also need to think about whether you can afford the repayments on the loan as if you cannot then you need to think twice about getting one at all. It may be better to just avoid the loan if you feel there is any risk that you will not be able to repay it. Alternatively, you could come up with some sort of plan as to how you will be able to cope financially so that the loan is a lot less risky. This could include plans on how to reduce your spending as well as how to increase your income.

Tips on Getting a Better Paid Job

Many of us would like to get more money for the job that we are doing. This might because we think we deserve more money for what we do or because we need more money. These are two different circumstances and trying to get better pay may need different tactics depending on which of the situations you are in.

  • We deserve more money – if you are in a situation where you feel that you are working really hard and should have more pay then you have a few possibilities that you can try. Hopefully, it is obvious that you are working hard and so if you go to your bosses for a performance review, they would be able to see that was true. If this is not the case then you need to make sure that people can see that you are working hard. Make sure that you are producing results, for example. It can all be very being in work for a lot of time and feeling that you are working harder then others, but if you do not have anything to show for what you are doing then it can be difficult to prove that you deserve more money.

Once you are able to provide some evidence that you are worthy of being paid more then you will be able to go to the appropriate person and ask them about it. It may be that they will be happy to oblige, but it is more likely that you may have to be prepared to take on more responsibility or take on a new role in order to get that. You may be quite prepared to do that and to apply for other roles within the company. However, it may be the case that your company is not able to pay more money or does not have more roles available due to their own circumstances.

In this case you may need to consider looking for a job in a new company. This is not easy as it can be tricky to move to a new company and you may be happy where you are. You may not want to move away from your company or you may feel that doing a new job is too far out of your comfort zone. It Is up to you to decide how strong your feelings are for getting more money.

  • We need more money

If you just feel that you need more money then things can be more difficult. You are not starting form a place where you feel you deserve it and therefore trying to argue a case for a pay rise could be difficult as you would not be able to prove that you actually deserve it. It may be that you will need to work on that area. Perhaps a place to start might be to try to get some more qualifications or training behind you. Larger businesses will be able to provide this and it could be a good way to show that you want to expand your knowledge and this could show that you are worth more money as you have this extra knowledge. If you work for a smaller company you would have to pay for the training yourself and if you are already short of money, this may not be a viable option for you.

Another option could be to prove yourself in work. You will need to be prepared to put in more to your work. This means that you will need to make sure that you arrive on time and work all of your hours. Try to be a productive as possible so that you get a good output of work each day. If you are struggling to be productive due to a problem, then take that to your manager to see whether they can help you to fix it. If they cannot, they will at least realise that you are doing your best to work hard and to be as productive as you can. Once you have proven yourself for a few months you might then be in a position to think that you deserve more money and can try to see if that money is available.

For many people a better paid job will have to be in a different company. Many companies will not give huge jumps in salary and so moving to another company and negotiating a salary that is higher could be your best chance. You could wait for a promotion opportunity but you may have to wait a long time and then there will not e a guarantee that you get it anyway. It all really depends on how much you are prepared to do to try to get more money, but there is a selection of options out there.