Welcoem to posts!!
in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
Figuring out who you are isn't just about soul-searching, it's about getting your money smarts on point too. Once you know how you handle your cash, what you're aiming for, and can stick to a plan, you'll be on a clear path to feeling good about yourself and being your own boss financially
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Are you a proud owner of a Kia or Hyundai vehicle? Be warned, car thefts of these popular brands have skyrocketed by 300% in some cities over the past two years. The reason?
A disturbing social media trend that encourages people to steal these cars and post videos of their joyrides.
According to reports, at least two major automotive insurers, State Farm and Progressive, have refused to protect certain Kia and Hyundai models due to their lack of anti-theft features commonly found in today's cars.
The problem lies in the fact that these vehicles lack electronic immobilizers that prevent thieves from breaking into the car and bypassing the ignition. Once immobilizers were added to the cars, vehicle thefts of Kias and Hyundais "plunged."
Hyundai is offering steering wheel locks through municipalities like Clearwater, Florida, and the Suntrup Automotive Group in St. Louis, Missouri has created a redesigned off-the-shelf Bluetooth switch that can be hardwired to the car to immobilize the ignition.
In the meantime, be extra cautious and protect your Kia or Hyundai vehicle from theft.
State Farm and Progressive have confirmed that they are temporarily halting the writing of insurance policies in some states for certain Kia and Hyundai model years and trim levels, and in some areas, Progressive is increasing rates and limiting the sale of new insurance policies for those who have Kias and Hyundais that are at substantial risk.
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Are you considering an 84 month car loan?
According to Bloomberg, car loan defaults are higher now than they were during the worst year of The Great Recession in 2009.
One reason for this is that car companies and financial institutions are offering loans with a repayment period of 84 months.
With high interest rates, these loans can take up to 40 weeks of a middle class income to pay off. That's almost a year of your income going towards a seven year car loan.
But it's not just a few people at risk. Cox Automotive reports that 27% of buyers are taking out loans with a repayment period of 73 to 84 months. And with interest rates reaching 6%, it's no wonder the payback period is so long.
The problem with 84 month loans is that they have a good chance of colliding with a recession. Recessions come in cycles, and with the average cycle being one decade, the odds of an overlap with an 84 month car loan are considerable. And when GDP falls, default rates on car loans tend to rise.
So, while an 84 month car loan may look good on paper in terms of monthly payments, it's important to consider the long-term risks.
Car buyers with long duration loans are putting themselves at risk for default and financial trouble.
Be smart and think twice before signing on the dotted line.
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Hello World!
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