How to simplify your First Car Buying Experience?

The coming of age to buy a vehicle is always enthralling. You are on the verge of becoming eligible for a car loan and the excitement is beyond comparison. However, there are a number of things that you should think through as purchasing an automobile brings its own set of responsibilities. Significant expenses such as fuel, maintenance and repairs are a part of the process. But, fret not. Asking the right questions will assist you in sorting your priorities and eventually get you closer to purchasing your dream car.

Car Clarity: Key Questions to consider before making the Purchase

1. What is the Minimum Age for applying for an Auto Loan?

Whether you are an early teen or enjoying the years of adulthood, purchasing a car and applying for an auto loan are tasks within your reach. Different states have different regulations for car registration and auto financing. According to Connecticut DMV, the law allows you to register a vehicle if you are at least 16 years of age. The same is the case with New York. However, you need to be at least 18 years of age to apply for an auto loan. Therefore, depending on the state in which you reside, you can apply for car financing and lessen your school & college transportation woes.

2. Can I apply for an Auto Loan if am not Eighteen?

Many teenagers get excited about owning a car as soon as they get a learner’s permit. However, if you are below eighteen years of age, you cannot enter into a binding auto loan contract. Any 17 years old or younger person is considered as a minor in the eyes of law. Once you have reached the age of 18 years, you do have the chance of getting a co-signer for you auto loan. As 18 is too early an age, you may have little or no credit history. However, the presence of a financially strong co-signer with a good credit score will help you in attaining an auto loan for your car.

3. How to transfer the Existing Loan in my Name once I am 18?

The early adulthood of eighteen gives you the power to vote, serve on a jury and sign a valid contract. If you are eighteen or above, comfortably earning and capable enough to make your monthly auto loan payments, you will set a good mark of credibility in the eyes of the lenders. Make sure you make all the credit card payments on time. Take actions toward building a stellar credit history and you will be successful in unburdening your parents and transferring the auto loan under your name.

The Way Forward

Purchasing your own car is a sign of independence and outgrowing your ways of living. Buying a car always comes with its own set of regulations and responsibilities. Make sure you wait till eighteen to apply for an auto loan and drive away with your dream car.

Grandparents’ Rights Limited in Florida

Grandparents are known for spoiling their grandchildren with presents and time, but a new report by AARP shows that grandparents are contributing more to their grandchildren’s daily expenses than they ever have before. But, unlike the rights afforded under the grandparent visitation statutes in many states, grandparents in Florida have no legal right to see their grandchildren if the parents do not agree to allow the contact.

Grandparent Contributions Growing

Gone are the days when grandpa and grandma’s financial contributions to their grandchildren were limited to birthdays, holidays and other special occasions. Increasingly grandparents are contributing money to support their grandchildren’s daily living expenses. From summer camp tuition to fees for swimming lessons, many grandparents are spending more on their grandchildren. The AARP reports that about 25 percent of grandparents say they spend more than $1,000 per year on their grandchildren and 37 percent say they help with daily living costs.

One of the reasons is the economy. Many grandparents are better off than their children; the gap in wealth between young parents, under age 35, and their parents was 47 to one in 2009. Young parents need help from their own parents in order to meet day to day expenses of their children because they simply do not have enough money.

Divorce contributes as well. Grandparents want to help their own children and their grandchildren as they transition from a two income to a one income household.

Grandparents Rights in Florida

Florida courts have declared grandparent’s partial custody rights (technically termed time-sharing) an unconstitutional infringement on parents’ rights. That means grandparents cannot seek a relationship with their grandchildren through Florida courts, no matter how much money they have contributed to their grandchildren’s expenses or time to their upbringing. In the case of divorce, it is the right of each parent to decide whether or not to share a portion of his or her awarded time with grandparents. Even worse is if one parent dies and the surviving parent prevents contact.

What can Grandparents Do?

If you are a grandparent who is being prevented from seeing your grandchildren or are afraid you will be prevented in the future, you should meet with an experienced Florida family law attorney to discuss your options. For example, if you decide you still want to support your grandchild financially in spite of your relationship with his or her parents, you can work with your attorney to develop a financial strategy designed to protect your interests and the interests of your grandchild. A financial strategy may include annual tax-exempt gifts, direct payments for childcare of tuition, and the establishment of a college savings plan.

Grandparents should not get the short end of the stick. Florida grandparents who are being prevented from seeing their grandchildren should contact and experienced family law attorney.

Article provided by Vari & Associates, L.L.C
Visit us at www.miamiflfamilylawyers.com/

Why Cash Loans Bankstown Are So Attractive Among Aussies?

The reasons for taking a cash loan are various. Maybe you are unable to pay the medical bill of your loved one. Or you are planning a wedding, but you don’t have enough money to pay for it. More payment bills are collected, but you recently lost your job? This is a definitely serious reason for a money loan. There are people who cannot take loans from banks or other financial institutions due to bad credit history. In such a short period of time, it is best to visit a pawnbroker that will give you an instant cash loan.

The attractiveness of these loans is that they are easily and simply approved in a short period of time. There is no need to ask for money lent from your family or friends. What you need to do is to take a valuable item in your possession and visit a pawn broker Bankstown. Such valuable items are gold jewellery and diamonds, game consoles, iPad or tablets, bikes… The broker is obligated to keep your item safe for the duration of the loan. He will evaluate the value of the item and determine the best loan amount.

The only thing you need to carry with you (besides the item of value) is a personal identification document that will contain your name, date of birth and your address. You don’t need credit checks. Within 30 minutes you will receive an answer for the total amount of the loan. If that amount is acceptable for you, the broker will take your item and give the cash to you.

Usually, these loans have 3 months duration with estimated interest for that period. Some brokers allow extending the loan duration before the due date. If you wonder what happens if the loan cannot be repaid – there is an easy solution. The broker will sell your item on the market for used items and repay your debt. So no bad credit marks against your name. Normally, the item is returned to your possession if you can repay the debt.

Many Aussies are sceptics of taking cash loans from pawn shops. Although these pawn shops are absolutely 100% safe and secure, you should not trust everyone you meet on the street. Explore deeper – those with more than 20 years on the market are the most valuable.