Motor price – Seminole Tribe Motocross Mon, 21 Mar 2022 05:56:59 +0000 en-US hourly 1 Motor price – Seminole Tribe Motocross 32 32 The research conducted by GAD Capital shows, In 2021, the cost of new cars will hit all-time highs. Mon, 21 Mar 2022 05:54:22 +0000 In 2021, supply chain concerns harmed merchants and customers, and the car-buying sector is no exception. While semiconductors and other inventory constraints slowed worldwide supply, demand for autos remained strong.

According to Borden, an online resource for car purchasing and inventory information, these trends will continue to affect the market in 2022, causing some distinct shifts in the auto-buying environment, such as higher demand for used cars.

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In 2021, auto costs will skyrocket.

According to previous Borden forecasts, 2021 will be a record-breaking year for automobile costs. Purchase prices increased 14.3 percent year over year for new automobiles and 27.4 percent for used vehicles. Consequently, monthly auto payments for new cars are expected to reach $600 for the first time and $500 for used cars.

According to Borden’s most recent research, the average transaction price for new automobiles grew by $5,888 between November 2020 and November 2021, with many purchasers paying considerably over the MSRP (manufacturer’s recommended retail price). Here’s what Borden says:

  • In November, buyers paid an average of $662 more than the MSRP.
  • In 2021, the average retail price was predicted to be 38% more than the MSRP, up from 30% in 2016.

It’s unclear if purchasers paid more than the MSRP because they wanted additional amenities and upgrades or whether car shortages caused fewer basic trim automobiles to be available. Many automobiles on the market, according to Borden, are well-equipped or have better trim levels.

In 2022, auto sales will be competitive once again.

Due to pent-up demand, 2022 is projected to be a competitive year for automobile purchases. As manufacturers and dealers adapt to shortages, Borden analysts foresee the following trends for the next year:

Leasing will be reduced.

Lease inventory will be decreased for various reasons, including the requirement for manufacturers to make more cars available for purchase.

Sales of electric vehicles will increase.

As more manufacturers provide EV alternatives, consumers will continue to transition away from gas-powered automobiles and electric vehicles. Annual electric vehicle (EV) sales may surpass 600,000 for the first time. Here are the experts’ predictions:

  • The United States’ EV market share will increase to 4%. (4.6 percent retail)
  • Tesla will account for less than half of the EV market (46%) in 2022, down from 65 percent in 2021.

The sale of used vehicles will increase.

Buyers will resort to secondhand inventories for their purchases while new car production delays. Consequently, used automobile prices are likely to reach a new all-time high of $30,000.

Used car owners may be the main winners in this reshuffling. While 2022 may not provide many chances to purchase a low-cost car, Borden suggests that one option to sweeten the deal is to trade in your existing vehicle since you’ll likely receive a better price than in a traditional market.

‘Dry powder’ loan funds struggle to find housing Mon, 21 Mar 2022 05:00:49 +0000

Funds providing loans to private companies have proven to be very popular among investors over the past decade. But some recipients now fear that strong asset growth and an uncertain economic environment will weigh on returns.

The private debt sector has been one of the most favored alternative asset classes since the financial crisis, growing from less than $400 billion in assets at the end of 2008 to around $1.2 billion at the late last year, according to data group Preqin. .

Its seemingly reliable and consistent returns have attracted yield-hungry investors during an extended period of rock-bottom interest rates.

But some are now wondering whether funds are struggling to find suitable places to invest all the capital they have raised and, when they do invest, whether margins are lower and covenants looser.

“People should worry about the amount of capital in the private space, both invested and the amount of dry powder [unallocated capital] looking for investment goals,” says Jim Neumann, Chief Investment Officer at Sussex Partners, which advises clients on alternative investments.

“We’re not advising clients to do much more in private credit at this stage of the market, because there’s a shoe to drop there.”

This so-called dry powder has accumulated during the coronavirus pandemic, according to Preqin. Many investors committed capital in 2020 in anticipation that Covid-19 would create a wave of struggling opportunities. But, instead, they found that huge levels of government support for businesses limited those opportunities, leaving more capital unallocated.

Total dry powder in the sector stood at a record $405.4 billion in March this year, up from $118.4 billion at the end of 2011. However, the amount of capital committed but unallocated as a proportion of total sector assets was higher. ten years ago than last year.

Some in the industry say that the fact that the share of dry powder in total assets has not increased shows that the sector still has plenty of room to grow.

“My reaction, when I hear that ‘so much money has been invested’ [to the private debt sector]is that this market did not exist before 2008 or 2009 in Europe,” says Kirsten Bode, co-head of pan-European private debt at investment firm Muzinich & Co.

“Dry powder has been pretty consistent – ​​volume has increased, but in line with assets under management,” she says. There was “no reason”, she adds, for the sector not to be as big as the private equity sector, which has about $5 billion in assets according to Preqin.

Private debt – a sector that includes direct lending, as well as distressed debt and mezzanine debt – has risen to prominence by filling the void left by banks as they cut riskier lending to small and medium-sized businesses. businesses.

For borrowers, a loan from a direct loan fund may be more attractive than a syndicated loan because of the relative simplicity of negotiating with one or more of these funds. The money is also accessible more quickly, although the interest rate charged may be higher.

For lenders, however, there are signs that the weight of the money invested has lowered protections in some areas of the market by reducing or loosening covenants – even though most deals still have at least one covenant. restrictive, according to S&P Global.

“The upper end of the middle market,” where the largest direct lenders operate, “became very competitive, and they had to make concessions on margins and covenants to get deals done,” says Andrew McCaffery, global director investments. manager at Fidelity International. Still, he thinks middle-market business loans are still attractive.

Yields have also trended lower, with the rolling three-year internal rate of return falling from 8.5% in 2015 to 5% in 2020, according to Preqin.

Some investors are already abstaining. Michele Gesualdi, founder of London-based investment firm Infinity Investment Partners, for example, says he invests “very little” in the sector because it is “very asymmetric” given the “low yield[s]on offer versus risk.

And, as the global economy enters an era of high inflation and rising interest rates, with Russia’s invasion of Ukraine threatening economic growth while adding to inflationary pressure, some see this risk increase.

Floating rate loans linked to rising borrowing costs may offer investors some protection on real returns, but inflation and rising funding costs threaten the creditworthiness of some borrowers struggling with rising costs inputs. If high oil prices and sanctions against Russia lead to a sharp contraction in the global economy, this could put pressure on the sector.

Fidelity’s McCaffery suggests the sector will be “better insulated than many other asset classes” from the impact of inflation and growth shocks. But his firm has analyzed companies’ ability to absorb higher prices and the impact of any decline in economic demand, he adds.

“The resulting inflationary pressures [from the war in Ukraine] — and the impact this has on consumer demand and growth — is likely to affect borrowers in all markets,” he says.

Does the mortgage overdraft benefit all borrowers? Sun, 20 Mar 2022 18:47:26 +0000

Mortgage overdraft (OD) is a form of home loan that combines the overdraft facility with a standard home loan. The facility can make servicing a home loan much more convenient for borrowers by allowing them to make unlimited prepayments and giving them access to a larger line of credit in case of an emergency. Additionally, the facility can help borrowers reduce their interest expense by reducing the outstanding principal in a flexible manner.

How it works

In a home loan overdraft facility, a lender opens a savings account or checking account that is linked to the home loan account. This account is designated to accommodate deposits made by you and subsequent withdrawals requested from your side.

Under the facility, any excess you deposit is considered by the lenders as a prepayment of the principal amount. Similar to the regular home loan, the interest on the overdraft loan is also calculated based on the outstanding principal of the loan amount.

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However, the interest is calculated on a daily basis and varies according to the outstanding principal each day. Depositing additional funds into the overdraft account reduces the interest you end up paying and the term of your loan. However, the IME remains unchanged.

Apart from the prepayment, the overdraft scheme provides liquidity from the account whenever there is a financial need. The amount and duration of the loan are adjusted accordingly. Thus, this scheme doubles as an early repayment option and a liquidity avenue. However, before opting for this option, keep in mind that any increase in the outstanding home loan balance may increase interest outflows and there may be a cap on how much you can borrow from the account. discovered.

Adhil Shetty, CEO of, said that when you decide to opt into a home loan overdraft program, your lender will link your home loan account to your checking or savings account. The monthly equivalent payment (EMI) you pay each month to service your home loan goes into this home loan account. You prepay your home loan whenever you deposit additional funds above your usual EMI. This prepayment reduces the outstanding amount of your loan and lowers the applicable interest rate. “So basically if you have an amount in your savings bank account, you can transfer it to your home loan account to pay off your loan faster,” Shetty said.

You can also withdraw money from the overdraft account at any time, as it is linked to your checking or savings account. You can also transfer money from this account to your other savings account, if needed. The overdraft account acts like a loan approved by the lender. Each time you withdraw from the overdrawn account, the repayment term is realigned with the outstanding principal amount. The interest charged on the direct debit is the same as that of the overdraft mortgage.

Shetty said: “The process of withdrawing money is the same as depositing additional funds into your home loan account. Keep in mind that withdrawals may increase the outstanding loan amount, which you would be required to repay with interest.”

Raj Khosla, Founder and MD, said: “The interest rate charged on advances made through the Home Loan Overdraft Facility is a notch higher than the interest rate charged on a regular home loan. Typically, the rate differential could be between 20 and 50 basis points.”

Limitations: This can be an expensive option for you, as the interest rates are usually higher than the usual interest rates on your home loan. Ratan Chaudhary, Head of Home Loans, said, “Because the home loan savings option offers higher liquidity and flexibility than regular home loans, banks and housing finance companies typically charge slightly higher interest rates for this facility.”

Shetty said: “The Home Loan Overdraft Facility does not provide the benefit of the Section 80C tax deduction for the prepayment of home loan principal. This is because additional funds deposited into the home loan account with the overdraft facility are not considered a repayment of principal from a tax perspective.”

Who should choose it?

Experts suggest that a mortgage overdraft can be a good option for a businessman with seasonal receivables and debts. Having an overdraft account on hand can help you when you need cash immediately and when you have excess short-term cash. Khosla says, “Salaried people with a higher income and an expectation of large percentage increases in their respective annual income can also benefit from an overdraft on a home loan, creating an opportunity fund for themselves. Moreover, they can also prepay the amount before the end of the term and can save a significant portion of the interest charges. »

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A home loan overdraft is suitable for those who seek flexibility and are willing to accept higher interest rates and loss of tax benefit. If you are considering opting for this scheme, you must first do a cost-benefit analysis to understand its implications on your actual savings.

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Cheaper Gas Price Tips – Experts Say This Simple Hack Will Save You Money and Earn You Up to 4% Money Back Sun, 20 Mar 2022 17:46:50 +0000

GAS prices are rising and American consumers are desperate for ways to save money while getting the gas they need.

It’s possible to pay less for expensive gas as inflation rates soar, experts say, but it all depends on where you look.


Warehouse clubs typically sell fuel for 30 cents less per gallon

One way to save at the pump is to stock up at warehouse clubs like Costco, Sam’s Club or BJ’s Wholesale Club.

Warehouse clubs typically sell fuel for 30 cents per gallon less than regular gas stations, and chains often offer coupons and membership discounts to help soften the blow even further.

Warehouse club gasoline sales have long been an attractive perk of club membership, building customer loyalty with their ever-lower prices.

“People search for clubs because of the gasoline,” analyst Michael Baker told an ABC affiliate.

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“It’s in the nature of American consumers to go out of their way to lower gas prices.”

In addition to saving money, many club members can also earn cash back.

For example, consumers who use the Costco Anywhere Visa card get 4% cash back for filling up at any gas station.

Gas station rewards cards and signing up for gas station apps could also help customers save 5 to 10 cents on a gallon.

However, many Americans are beginning to figure out the trick, leading to long lines at club warehouse pumps.

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Insider reported that many consumers have already signed up to join Costco just for cheaper gas.

For more ways to cut costs, an analyst recently revealed four ways to lower your car insurance premiums.

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A reflection on your mortgage Sun, 20 Mar 2022 16:56:01 +0000

For many mortgage borrowers, EMIs, or equivalent monthly payments, are their largest expense item. In many cases, the burden of home loan EMIs negatively impacts investable surplus to achieve long-term financial goals. Here are some tips for home borrowers to help them achieve their main financial goals even as they continue to repay their home loans:

Create a financial plan

Home borrowers should first develop a financial plan based on their cash flow, risk appetite and investment horizons. This will help them achieve various financial goals and implement their asset allocation strategies.

Borrowers must first estimate the amount needed to meet crucial financial goals after assuming a certain rate of inflation. Then, take the help of online SIP calculators to calculate the monthly contributions required to achieve each of the financial goals after assuming the rate of return and the investment horizon.

Invest in equity mutual funds for financial goals that mature after five years. The returns generated by equity funds generally tend to easily beat inflation and other asset classes by a wide margin over the long term. The feature of automatic purchases of units in SIPs on predetermined dates guarantees financial discipline and regularity of investments. This can help you benefit from the power of compounding and also averaging investment costs during market corrections or bear market phases.

Invest in fixed deposits, debt funds or other fixed income instruments for financial goals maturing within five years to provide income certainty and principal protection.

Down payments — not to be done

Do not use your existing investments to make a higher down payment or to prepay the loan. Home loan borrowers are required to pay down payment or margin contribution of at least 10% of property cost for loan amount up to ₹30 lakh, at least 20% of property cost for a loan amount between ₹30 lakh and ₹75 lakh, and at least 25% of the cost of the property for a loan amount above ₹75 lakh.

Making higher down payments would reduce the loan amount and therefore the overall interest cost for borrowers. Similarly, paying off a home loan early also helps reduce the total cost of interest. That said, avoid liquidating your existing investments to prepay the loan or to make higher down payments, as this could lead to you qualifying for more expensive loans in the future.

Adequate emergency fund

An emergency fund helps meet unavoidable or unexpected expenses during a time of financial hardship caused by illness or unemployment.

Without an adequate emergency fund, one would be forced to liquidate their existing investments and/or default on their loans.

Home borrowers should ideally include their obligations to EMI payable on loans when considering an adequate emergency fund.

This will protect them from home loan defaults in the event of a financial emergency. It will also prevent them from having any negative impact on their credit scores and future loan eligibility.

An emergency fund should be large enough to cover living expenses and unavoidable expenses such as rent, insurance premium, children’s school fees, IMEs, and the like for at least six months.

Overdraft facility

Borrowers can opt for home loan overdraft facility while availing home loans. This facility allows borrowers to deposit their excess funds in the overdraft account, opened in the form of a savings account or a current account, and attached to the mortgage account. Borrowers can deposit their surpluses into the overdraft account and withdraw from it, as and when required.

The interest component of the home loan account is calculated after deducting the balance of the overdraft account from the outstanding loan amount. This helps reduce their overall interest cost, without compromising their liquidity.

(The author is Head of Home Loans,

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