Car
Here Are 6 Factors That Affect Your Car Loan Interest
Thinking ahead in life is a start towards securing your future. It will enable you to cross many hurdles that come your way. Buying a car is one such decision. If you purchase a vehicle with a car loan, you work towards the goal of fulfillment for the years to come. The decision to take a car loan is an important one, as it requires thorough research and financial management.
There are many banks with various offers and choices of car loans, but you must select the one which is suitable for you. While taking the loan, you may find the price of desired vehicle to be higher and out of budget. You must also consider various factors that impact the car loan EMI.
Keep in mind the following aspects before you take car loans:
Maintenance Of A Good Credit Score
A significant aspect which determines the approval of car loan is your credit history. Higher the credit score, the higher are the chances of getting the loan. On the other hand, a lower credit score indicates an individual’s inability to repay the loan. Individuals with poor credit score may or may not get the loan. If they do, they will get it for a higher interest rate.
Therefore, banks prefer those people whose credit history proves their credibility. An added advantage would be that you could even negotiate with the bank to provide you with a lower interest rate.
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Steady Income Level
Before approving a car loan, the bank always checks the steadiness of your income. The stability of your earning ensures them of getting the loan repaid. A secure occupation will reflect on your capability of monthly EMI (Equated Monthly Installments) repayment. You will benefit from this, and the chances of lower interest rates also increase.
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Value Of Down-Payment
It will serve in your interest to use some of your savings as a down-payment for your car. The rest can be paid with the car loan. The higher the down payment, the lesser amount the bank will require to lend you. Hence, it will enable a lower-risk for the bank. You may also secure a lower interest rate on the car loan as you will need to borrow less from the bank.
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Lower Debt-To-Income-Ratio
With the use of an EMI calculator, you can evaluate the car loan amount online. You can get instant results, which will help you determine your needs better. In case your debt-to-income ratio is low, you will have the upper hand. It will show that you are capable enough to pay the regular EMIs every month without fail.
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Loan Tenure
You will be in an advantageous position if you choose a car loan for a long tenure. Though you will be paying the interest for a longer time, a shorter tenure means a higher EMI. Therefore, you must calculate the interest payment for the tenure and select a car loan according to your suitability.
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Age And Model Of The Car
During the process of a car loan, your vehicle will be taken into account as security. If you fail to repay the EMIs, the bank can seize your car. Therefore, before they determine the interest rate, the banks consider the model and age of the car. If you purchase a modern vehicle from a reliable manufacturer, it will have a higher resale value. The older vehicles or used vehicles have a higher interest rate as their value depreciates with time at a higher rate.
Ensure a Lower Interest Rate on Your Car Loan
The purchase of a vehicle via a car loan is a big responsibility. You must be fully informed before you make any decision. There are reputable banks like Axis Bank that offer you comprehensible car loans and assist you in ensuring a secure financial position. They enable a quick and hassle-free process for your comfort. Make sure you fully understand the prospect of availing a car loan thoroughly before applying for it.
Car
Changing a Car Tyre: A Brief Guide to Roadside Resilience
Knowing how to change a car tyre is an essential skill for any driver. A flat tyre can occur unexpectedly, and being equipped to handle the situation can save time, money, and provide a sense of self-reliance. In this guide, we’ll walk you through the steps of changing a car tyre, ensuring you’re prepared to tackle this common roadside challenge.
Please consider this article as a basic guide. The requirements may change from car to car, and the skill level needed may differ from one situation to another. It is always best to seek an expert’s guidance to learn about minute details and everything in between about what all is needed and how to go about changing your car’s tyres. Always follow manufacturer’s guidelines to safely and efficiently replace a car tyre.
1. Safety First
Before you start, ensure your car is parked on a flat, stable surface away from traffic. Engage the parking brake and turn on hazard lights to alert other drivers. If possible, place wheel chocks on the opposite side of the flat tyre to prevent any rolling.
2. Gather Tools
Ensure you have the necessary tools: a spare tyre, lug wrench, car jack, and your vehicle’s owner’s manual. The manual provides specific instructions for your car model.
3. Loosen Lug Nuts
Using the lug wrench, slightly loosen the lug nuts on the flat tyre. Don’t remove them completely; just break their initial resistance. This is easier when the car is still on the ground, providing stability to the tyre.
4. Position the Jack
Consult your owner’s manual to locate the recommended lifting points for the jack. Use the car jack to lift the vehicle off the ground, allowing enough clearance to remove the flat tyre. Remember, the jack is meant for lifting, not for holding the car up.
5. Remove the Flat Tyre
With the car lifted, finish loosening and removing the lug nuts. Carefully take off the flat tyre, ensuring you have a firm grip. Place it under the car as a precaution in case the jack fails.
6. Mount the Spare Tyre
Position the spare tyre onto the wheel hub. Push it gently onto the hub to ensure a proper fit.
7. Hand-Tighten Lug Nuts
Hand-tighten the lug nuts as much as possible. Avoid cross-threading them. This initial tightening ensures the tyre is properly seated on the hub.
8. Lower the Car
Using the jack, carefully lower the car back to the ground. Once the car is stable on the ground, you can proceed to fully tighten the lug nuts.
9. Fully Tighten Lug Nuts
Using the lug wrench, fully tighten the lug nuts in a star pattern (opposite corners). This ensures even pressure on the tyre and prevents it from wobbling. Tighten the lug nuts as much as possible, but avoid using excessive force.
10. Lower the Jack
Once the lug nuts are tightened, lower the car completely and remove the jack. Give the lug nuts a final check to make sure they are secure.
11. Check Tyre Pressure
After changing the tyre, it’s important to check the tyre pressure. Use a tyre pressure gauge to ensure the spare tyre is properly inflated to the recommended PSI.
12. Stow the Tools
Place the flat tyre, jack, lug wrench, and any other tools back into your vehicle. Don’t forget to secure them properly to prevent them from moving around while driving.
13. Visit a Professional
While a spare tyre is a temporary solution, it’s essential to replace it with a proper tyre as soon as possible. Spare tyres are not designed for extended use or high speeds.
Conclusion
Knowing how to change a car tyre empowers you to handle unexpected situations on the road. This basic skill ensures your safety and keeps you on the move. Remember, practice makes perfect, so consider practicing changing a tyre in a controlled environment before facing an actual roadside emergency. With the right tools, confidence, and a step-by-step approach, you can master the art of changing a car tyre and drive with peace of mind.
It is important to invest in high quality tyres that last long and provide excellent driving experience. If you are searching for top quality tyres, such as Vredestein – Ultrac Vorti, please visit Vredestein website.
Car
NOVAK DJOKOVIC WILL NEED ‘LEGS AND GENIUS’ TO DEFEAT ‘CAREFREE’ BEN SHELTON AT THE US OPEN, SAYS JUSTINE HENIN
Ben Shelton will face Grand Slam champion Novak Djokovic in his first major semifinal match. Shelton, 20, who is attempting to become the first American champion since 2003, is the subject of a lot of buzz. When analyzing the matchup, former world No. 1 Justine Henin suggested that Shelton, who has hit the tournament’s fastest serve, should maintain a “carefree” attitude.
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Highlights: For the first time ever, Shelton and Muchova advance to the US Open semifinals.
According to Justine Henin, Novak Djokovic will need to show off his “legs and genius” if he wants to defeat the “carefree” Ben Shelton in the US Open semifinals.
In the quarterfinals, the 20-year-old Shelton defeated fellow American Frances Tiafoe, winning a four-set match against a player five years his senior.
Shelton has advanced to the quarterfinals of the Australian Open this year before falling to Tommy Paul in four sets, but he has now accomplished at least one more feat in New York.
Business
Carl Nassib made queer NFL history. Now he’s stepping away from the game
When Carl Nassib came out as gay, he made history as the first active NFL player to do so. He’s currently on the subsequent chapter.
He is who? In the NFL, Nassib played defensive end.
He played for the Cleveland Browns, Las Vegas Raiders, and Tampa Bay Buccaneers over the course of seven seasons.
Why all the fuss? Nassib announced his big news—retiring from the NFL—via Instagram.
Nassib also came out as gay on Instagram in 2021, posting a video saying, “I just want to take a little moment to declare that I’m gay. This is something I’ve been meaning to accomplish for a while. But now that I’m secure enough, I can say it.
Nassib declares that he will now devote himself to Rayze, his business that aims to improve internet connections between nonprofits and people.
Promoter Message
What is being said?
Nassib wrote the following in his Instagram post:
It seems like yesterday when I first joined Penn State as a walk-on. More than I ever could have anticipated, football has given me. Knowing that I gave it my all, I can honestly put my helmet away for the last time.
Football was always so much fun when I was a kid. I enjoyed seeking perfection. Every athlete has a brief window in which to pursue their goals, and I enjoyed that. If you do, it makes the experience much more thrilling. Even as a walk-on, playing in the NFL was always my goal, so I truly feel like the luckiest man alive.
This kind of moment calls for thankfulness. I want to express gratitude to God, my family, and my friends for being there for me at all times, even when I wasn’t aware of it. Brian Ayrault, my agent, is to be thanked. One of my best choices ever was sticking with you to WME. I came out to Brian in the football industry first, and he didn’t bat an eye. He pushed and motivated me to make the biggest effect I could by going through with my announcement. I also want to thank John Spytek and Jason Licht. These two not once, but twice revived my career. They hired me both times after they fired me. Without those two football giants, I would not have had the opportunity to play my greatest football in Tampa.
Want to learn more about the NFL? Consider the Consideration This episode discusses the lack of diversity in the NFL (still).
And here’s Jim Buzinski, co-founder of Outsports.com, on the significance of the moment with NPR in 2021 after Nassib came forward:
The first player you’ll be able to recognize as gay while watching a game on television is Carl.
And whether they play football or another sport, every young LGBTQ athlete can now confidently assert, “I can do this; if he can do it, I can do it.”
Sports allow for more tolerance. We’ve come a long way, but there are undoubtedly still many issues with homophobia in athletics. And the response to Carl’s appearance sort of proves that. There isn’t much more to say about it, so in many ways, it will be a one- or two-day tale. What are you going to do about the fact that he is gay other than celebrate him?
Carl Nassib will devote all of his time to his charitable app.
Getty Images/Ethan Miller
Then what?
Nassib said he is eager to collaborate with the NFL in the future on philanthropic initiatives as well as diversity, equity, and inclusion initiatives.
And he offers the following guidance to everybody who aspires to be the best: Never let anyone tell you that something is impossible. In whatever you do, strive to be your best. Work hard, make wise decisions, and show others kindness.
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