Sunday, March 29, 2009

Great American cars at low price.


Present economy and low auto sale have brought the price down for some great American cars. The auto sale counts are such low that car manufacturers and dealer have decided to low down the price to get the things moving again. Now you can get some great cars at really amazing prices. This is the right time to buy a car if you are planning to get one.

We are aware of the present market status and fear to invest or hesitate to purchase a new thing even if we get it for an unexpected price. As our economy is in recession, we tend to save money and spend as less as we can, however, you won't get such offers when the market go up and our economy will get back to normal again. So in my opinion it's the best time to purchase a car if you plan to buy it later. You can go for a car loan and get it now.

As per the real-world pricing data by Vincentric for AOL Autos, many American trucks and cars prices are going down below dealer's wholesale price. This includes some top most and competitive cars.

Check out few cars and their prices:


Cadillac CTS

Sticker price:
$36,560 - $40,760

Wholesale price:
$34,366 - $38,314

Market price:
$30,607 - $34,500





Ford
Flex

Sticker price:
$28,550 - $36,810

Wholesale price:
$26,842 - $34,072

Market price:
$21,725 - $28,654






Pontiac G8


Sticker price:
$28,250 - $37,610

Wholesale price:
$26,979 - $35,918

Market price:
$24,028 - $33,060








GMC
Acadia

Sticker price:
$31,890 - $40,490

Wholesale price:
$30,136 - $38,263

Market price:
$27,020 - $34,095



Sunday, March 22, 2009

Loan Modification: Get a new start and save your home


Loan modification is a revised agreement between the borrower and lender with new interest rates and terms. It's a great tool for borrowers to avoid foreclosure or bankruptcy. Banks or lenders agree for loan modification only if they believe that the borrower won't be able to repay the current loan with current terms and interest rates.

If you are able make regular payment now, but can't catch up with the past dues, you can negotiate with lender/banks for the past due amount including interest and principal. Once the lender agrees on this, you will get a new period of time to repay for the new amount.

Or if you are unable to pay with current interest rates, you can negotiate with lender to extend the time period. The loan amount can be modified to affordable level.

In few cases the banks or lender can consider reducing the loan amount that you currently owe and also can lower the interest rates. It's up to your negotiation and the lender to consider it.

Considering the present market status it is of sure to get the loan modified, as the banks and lender are aware of the financial crisis. They know that if they don't give a chance to borrower to repay the amount with their affordable level, they might not get their money at all.

A loan modification can change current mortgage and help you to get a fresh start to manage your financial status and save your home.

Sunday, March 15, 2009

Global job crisis.

Union activists protest against rising unemployment in Sao Jose dos Campos

We all know about the present situation of global economy and job crisis all over the world. Let’s check the job crisis percentage of major countries. After 1930 Depression, United States is facing the worst economic crisis. Here are few facts:
  • In 2008 2.6 million U.S. jobs were lost.
  • Since 1980, only 5 percent wages have increased, whereas 70 percent productivity has grown up.
  • Each worker is working extra hours or second job to maintain the financial condition. Also each family is sending more members to work.
  • In the last week that ended on March 7, record says initial jobless applications increased by 9,000 to 654,000.
Now let’s check what's going on in UK. It's noted that for each vacancy advertised in UK, there are 10 job seekers. In another area of south-east, for each job 60 workers are available. This week number on unemployment expected to go beyond 2 million. In central London, there are 4,275 vacancies against almost 71,000 unemployed. The most unemployed workers are in Isle of Wight. There are almost 3,152 people going after 52 advertisements.





Job loss at Cadbury UK







Let's check Canada's report. Canada lost more than expected or can say worse than expected 83,000 jobs in February. The jobless rate is almost 2 percent high than were it was in last year. Its now stands at 7.7 percent. In last four months, there are 295,000 jobs shed by economy. Prime Minister Stephen Harper expects the number of unemployment to rise further.