Supervisory in Business

Having a new car is a dream of everyone in the world. But when you do not have enough cash, and you desperately want to have a new car what will you do? The answer is you can find an auto loan company. It is easy to find auto loan now, you can find auto loans online on the INTERNET by searching it through Google. But that will not be the problem. The problem is do you really need to find an auto loan while you do not have enough cash? Read bellow opinions then you can decide whether you still want to find an auto loan or not.

Here is an illustration of having an auto loan to buy a new car:

• Price of a new car if you buy it cash : $13,130

• Down payment : $ 3,282,5 (25% of the car price)

• Car insurance : $ 1,063.5 (all risks 8,1%)

• Monthly payment : $ 378,75

• Rates : 12,8% per annual

• Due date : 36 months

• administration : $ 47,5

• Total for the first payment = $ 4,777.28

Then you need to count the payment process until the loan is finished.

• Total credit : $ 13,635

• Fuel : $ 3,600

• Tax : $ 450

• Maintenance : $ 840

• Total payment (3 years) : $ 22,736

After reading above overview, now you know that having an auto loan will increase the value of the car in 3 years. But actually, in 3 years the actual value of the car will decrease. If you have enough money to buy cash, then buy it cash is the best way to buy car. But if you do not have enough cash, having an auto loan could be a solution.

Definitely, economic crisis that happens today effects in almost every business. This condition becomes harder if the company must bear the risks that can happen to the supporting asset of the business. Because of that, now is the time to allocate that risks to the insurance company as the risks guarantee. But choosing a car insurance company is not easy nor difficult. You can compare car insurance companies after reading tips bellow:

1. Decide the kind of protection that you want. Protection of all risks gives the best protection but you need to consider the economics side.

2. See the credibility of the car insurance company, especially from the service side and the financial condition of the company.

3. There are many good car insurance companies, but it is wise if you also check the track record of the car insurance company.

4. Does the company give other advantages to the customers? Like 24 hours service and 24 hour claiming process.

5. Also it is wise for you to check the car garage of the car insurance company, Count how many car garage that the company has, where the location is and the quality of the car garage.

6. Understand what are your right and duty. What you can and can not do. Is there any exception in the contract and what are the benefit and risk to you?