For Sale: 2003 Porsche 911 Carrera Turbo Coupe
Miles 52,XXX
Clear Car Title | Runs Superb | Excellent Condition Inside & Out | Clear CarFax
3.6L 6-cyl. 415HP Twin-turbo Engine | All-Wheel Drive | 6-Speed Manual Transmission
Options: Leather, Navigation, Touring Suspension, Sunroof, Seat Heating System Left/Right Seat, Digital Sound Package Bose, Automatic Anti-Dazzle Interior Mirror With Rain Sensor, Automatic Anti-Dazzle Door Mirror, Driver & Passenger Electronically Adjustable and Heatable Door Mirrors, Headlamp Washer, Rear Window Wiper, Porsche Stability Management (PSM), Airbags, Driver Side And Front Passenger Side, Xenon Lighting System, Power Assisted Steering, On-Board Computer
Offered for your pleasure is this 2003 Porsche 911 Carrera Turbo Coupe. Beautiful Charcoal Gray with Black Leather interior and a finely tuned 415HP 3.6L Twin-turbo engine. This Porsche runs extremely strong with smooth shifts & very strong acceleration. No 2nd gear kick-out noted. The car has averaged less than 7K miles annually and shows no signs of being a smoker’s car. Engine bay is very clean, engine idle is smooth.
The 415-horsepower 911 Turbo can accelerate from 0 to 60 in about 4 seconds and is capable of a top speed of 189 mph.
Awards:
- AutoWeek readers vote “America’s Best” awards to the Porsche Cayenne and the Porsche 911.
- Automobile Magazine’s All Star Editor’s Choice goes to the 911 Turbo as the Best Supercar and the Porsche Boxster as the Best Sportscar.
This slideshow requires JavaScript.
Consumer Beware: How to Select the Best Car Title Loan Companies
Not all companies are the same.
Some view their customers as an asset…others as commodity. Most follow strict ethical practices…the rest are more flexible in how they pursue their profits. Car title loan lenders are no different. In this post I will explain in some detail the title loan program while also provide some guidance on how to select a credible title loan lender and help you feel comfortable in your loan transaction.
What is a Car Title Loan?
A car title loan program is very similar in structure to a loan a car dealer or bank may offer to purchase a vehicle. The main difference between a new or used car loan and a title loan is that the former is designed to help finance the purchase, while the title loan program is designed to allow the owner of the car or light truck to draw the available equity. It also offers quick financing that is available for consumers with any credit history. In order to qualify for a car title loan, consumers are usually required to submit an application and some accompanying documentation to verify the address listed on the application, as well as a stream of income available to apply to monthly loan payments. In 45 minutes or less, we at Royal Loan Co., can offer financing up to $50,000. The vehicle remains with you to use and enjoy and early pre-payment without penalty is available should you decide to payoff your loan. Loan terms are offered on 2, 3, or 4 year fully amortized notes. This means that as a consumer you are free to choose from three different length of contract with each one structured to help pay down the principal balance (amount you borrow) as you make regular scheduled payments. An interest only loan, for example, will include a balloon payment at the end of the term.
As with any loan application, sensitive personal and financial information is detailed. This is why we at Royal Loan co. feel that you should not only feel absolutely comfortable as a consumer when applying, but also confident that you are secure in your transaction. Our loan officers encourage and recommend to consumers the following checklist of questions when selecting a title loan lender:
1. Ask the lender or their representative and/or loan office the company’s license information. For example: “Are you licensed in California?” or “What is your license number?”
If the lender refuses to give you license information, they are in violation of some state statutes. Anytime a lender is asked about their license information, they must disclose it. Furthermore, when reviewing the website, a respectable and reputable lender will always post their license number and the type of license they hold. Our website discloses the business license information at the bottom. You can see it HERE. Most California title loan lenders are licensed through the Department of Corporation. More information is available by visiting their website.
2. Ask the representative and/or loan officer the address of the main office and any local branches.
If this information is not provided, it should raise some red flags. If you are given an address, make sure that address is valid by going to a service such as Google Maps and verifying the listing. For example, our company is registered with Google Maps Places service and our address as well as additional information can be reviewed HERE.
3. Ask questions.
The more questions you ask the better you will understand the loan process and terms. Ask questions about the loan application, the requirements, and the terms. At Royal Loan Co., we make it a priority to train our staff to assist consumers in understanding our loan programs and to have all their questions addressed. If you are calling one of our competitors and they are not giving you straight answers, it may also be a red flag. Any loan transaction is an important financial decision; therefore, we highly recommend that you have a good understanding of all of the requirements and conditions.
4. Is the company you are working with rated with the Better Business Bureau?
The Better Business Bureau (BBB) offers grades for companies based on the quality of their service and number of complaints issued against them. For example, you are welcome to review our BBB page HERE - we are an accredited member with an A+ rating. Is the lender you are considering registered with BBB? Are they accredited? What is their rating and complaint history?
5. Social Media
A reputable lender will also set a goal of reaching out to as many consumers as possible with helpful information in addition to advertising their services. This blog is one example of social media outreach. We strive to help you understand our programs, keep you up to date with important news, and also offer helpful hints. We also post regularly to our Facebook Page and our Twitter page. Click on the links and follow us…we are always welcoming your comments and questions.
In conclusion, when searching for a car title loan lender you should look to engage the loan companies and make sure they are working with you in a honest and direct manner. Have all your questions addressed, and don’t hesitate to do some background research on the lender and the services they offer. Take note on some of the red flags discussed above, use them to create a checklist before you start making phone calls, and also keep it as a guide when on the phone interviewing the lender. Take some time to review additional examples below.
This is a screen shot of a car title loan lender that was using our blog and Twitter posts to re-direct consumers to their website.
Red Flag: The Website of This Car TItle Loan Lender Lists No Company Name or Company License
I personally visited the website and could not locate an address or license information anywhere. Hoping that this was overlooked, I clicked on the LiveChat available on the website. Here is the transcript:
Kelly Says: Just type ‘HI’ or ‘Hello’ in the space below to let me know you are there.
________________________________________________
You: hi
You: what is the name of your company?
________________________________________________
Kelly Says: Hi, thanks for chatting with me… to get started on finding the perfect loan for you CLICK HERE
Kelly Says: Don’t worry if your credit is less than perfect. Our intent is to put aside past problems and credit scores and focus on current circumstances in order to get the applicant qualified.
Kelly Says: Just fill out our simple online auto application and a representative will contact you fast!
Kelly Says: Would you like to take advantage of this amazing offer?
________________________________________________
You: what is the name of your company?
________________________________________________
Kelly Says: This amazing offer is only available through this chat and for a limited time. CLICK HERE to take advantage of this deal.
________________________________________________
You: i would like to know the name of your company please
________________________________________________
Kelly Says: Our program is specifically designed to meet the needs of those individuals who have experienced past credit problems that cause low credit scores.
________________________________________________
You: what is the name of your company kelly?
You: where are you licensed?
You: and what is the license number?
________________________________________________
Kelly Says: Keep in mind that this is a risk free Auto Loan application! You have nothing to lose!
________________________________________________
You: please answer the questions above. thank you.
________________________________________________
Kelly Says: I’m sorry I have only limited information. Please Click Here for customer service.
________________________________________________
You: you dont know the name of your company?
________________________________________________
Kelly Says: What are you waiting for?? Take of advantage of this amazing deal now, before it’s too late!
As you can see, no attempts are being made by Kelly (if that is even her real name) to disclose the company name or license information. Instead, Kelly is trying her hardest to distract you from what you want to know by pushing her “amazing deal” repeatedly. We don’t like to see this kind of practices because they may put a consumer’s privacy and sensitive financial information in jeopardy. When you submit an inquiry or application to Royal Loan Co., you will have a dedicated loan officer in contact with you throughout the loan process. It will be the same individual who took you call, and we will serve you at our location – not a location rented out with a customer service rep who has no connection to the lender.
We may not be the lender you select to obtain a title loan for your car or light truck, but we are committed to customer service and our goal is to provide personal attention to each consumer. Without you, our business would not have the opportunity to grow. If you do feel like one of our competitors offers you a better loan package, please don’t hesitate to choose their services. However, we hope that this guide can help you make an informed decision and make you feel secure in your transaction. Should you have any additional questions, please feel free to submit them via email to info@royalloanco.com. Please put “How to Select the Best Car Title Loan Companies” in the subject line and the message will be directed to me. Thank you for taking the time to read this blog. I look forward to working with you!
-Irakli Iosebashvili
Business Development
Royal Loan Co.
IRS Helps Small Employers Claim New Health Care Tax Credit
From the IRS website (www.irs.gov):
The Internal Revenue Service today released final guidance for small employers eligible to claim the new small business health care tax credit for the 2010 tax year. Today’s release includes a one-page form and instructions small employers will use to claim the credit for the 2010 tax year.
Included in the Affordable Care Act enacted in March, the small business health care tax credit is designed to encourage both small businesses and small tax-exempt organizations to offer health insurance coverage to their employees for the first time or maintain coverage they already have.
The new guidance addresses small business questions about which firms qualify for the credit by clarifying that a broad range of employers meet the eligibility requirements, including religious institutions that provide coverage through denominational organizations, small employers that cover their workers through insured multiemployer health and welfare plans, and employers that subsidize their employees’ health care costs through a broad range of contribution arrangements.
In general, the credit is available to small employers that pay at least half of the premiums for single health insurance coverage for their employees. It is specifically targeted to help small businesses and tax-exempt organizations that primarily employ moderate- and lower-income workers.
LINK: Form 8941 – Credit for Small Employer Health Insurance Premium. Use Form 8941 to figure the credit. Then include the amount of the credit as part of the general business credit ontax return.
LINK: Form 8941 – Instructions & Guidelines
The maximum credit goes to smaller employers –– those with 10 or fewer full-time equivalent (FTE) employees –– paying annual average wages of $25,000 or less. The credit is completely phased out for employers that have 25 or more FTEs or that pay average wages of $50,000 or more per year. Because the eligibility rules are based in part on the number of FTEs, not the number of employees, employers that use part-time workers may qualify even if they employ more than 25 individuals.
LINK: Notice 2010-82 – Explanation and Guidelines in detail for claiming the tax credit.
LINK: Form 990-T – Tax-exempt organizations will first use Form 8941 to figure their refundable credit, and then claim the credit on Line 44f of Form 990-T.
VIDEO: What Net Neutrality Rules Really Mean
The FCC has approved rules that would give the federal government authority to regulate Internet traffic and prevent broadband providers from selectively blocking web traffic. WSJ’s Amy Schatz explains what the new rules really mean.
Click link to launch player.
New Owner Brings ‘Magic’ Touch to Oakland Mixed-Use REO
Mortgage Servicing News is reporting some good news on an REO mixed used development real estate property in Oakland, CA.
A mixed-use development in Oakland, Calif., previously taken into real estate-owned status as the result of the developer’s bankruptcy, has a new owner and a new name.The Thomas Berkley Square development includes 88 residential units and ground floor retail in Oakland’s Uptown district. The new owner, Canyon-Johnson Urban Funds, will rename it Uptown Place.
Canyon Johnson Urban Funds - A series of joint ventures between Canyon Capital Realty Advisors and Earvin "Magic" Johnson
The real estate investment fund, a joint venture between Canyon Capital Realty Advisors and Magic Johnson, will take over the real estate development project, rename it, and plans to sell the residential units as condominiums. Retail space will also be available to lease. Some good news indeed as the development looks to move forward and bring jobs and well as much needed revenue to the city of Oakland.
Classic Car Title Loans
Car Title Loans for Classic Cars
Classic car owners use our Car Title Loans program to pull the available equity & reinvest to expand their car collection.
Apply Online: www.royalloanco.com/title.html
New Lending Guidelines Benefit Young Borrowers
RealtorMag is reporting on new Fannie Mae and Freddie Mac loan guidelines and minimum equity changes set to take effect December 13, 2010.
California and nationwide, the minimum 5% equity down payment requirement for real estate purchases will now permit gifts and grants helping younger borrowers buy real estate properties with family assistance.
…new rules will allow buyers to use gifts and grants from nonprofit groups for their minimum 5 percent down payment. Freddie Mac is also considering similar new guidelines, according to spokesman Brad German. Borrowers previously were required to contribute a minimum 5 percent down payment from their own funds, with additional down payment money permitted from a gift. The gift rules apply only to single-family principal residences and cover mortgage amounts in excess of 80 percent of the property’s value. The loan balance also has a limit of $729,000 in high-cost areas like New York City [and San Francisco] and $417,000 in other areas.
Loan guidelines has tightened as well which may make it more difficult for some to qualify:
Fannie Mae is cracking down on debt-to-income ratios, with the maximum ratio for those seeking a conventional mortgage set to drop from 55 percent to 45 percent under the new guidelines. Fannie Mae is also increasing its scrutiny of payment histories on revolving debt, and buyers who have missed a payment will have 5 percent of the total balance added to their ratios.
Finally, if there is a foreclosure on the borrower’s credit history, they new guidelines will require a minimum of seven years (previously four years) before they can apply for a Fannie Mae or Freddie Mac backed loan.
