Thursday, September 29, 2016

D-E-F-A-U-L-T

Smart thing to do? Too many consequences? Giving in? Totally ruining my credit? The only way?

All of these questions and many more float around in my head when thinking about the word default. So many say it is the only way to let the lenders really know you can't pay them. Others say it is merely giving in and ultimately hurting yourself. Which is it? I DO NOT know.

Winning!

Today I played a small role in someone's decision making when choosing where to receive a graduate degree. My friend and I have talked briefly about my student loan situation. I don't talk about it too much, but I occasionally make some sort of negative comment about it from time to time and she just happened to remember me saying something. She had the choice to go to Austin Peay or Belmont University. Once grants and other financial help was considered, she would graduate Austin Peay with less than $10k in loans and graduate from Belmont with almost $40k. She would add this to an undergrad loan of about $40k. She fully understood the cost difference, but was unsure about the name recognition. She wants the best education so she wonders if the $30k difference is worth the name drop? NO WAY. I talked to her about basically everything I have said here in my blog, but just in a nutshell. After telling her that Belmont's name has done nothing for me, and a little bit of advice from others at work who have the same bills piling on their counters, she decided to choose Austin Peay.

Conveniently Face Monetary Crises

Facing money crisis is common for disabled individuals owing their inability to work. Hence, they will not be capable to earn a stable income for their living. However, nowadays they need not undergo any such troubles due to their disability problems. Are you one among such person suffering from the troubles of disability? Is the stress of monetary shortage troubling you? Then selecting for loans for disabled service can certainly be a blessing in disguise for you. Desired amount can be easily accessed through the assist of loans for disabled without any hassles.

Up A Creek

While googling 'Private Student Loans' yesterday, I stumbled upon this article. The article is, for the most part, bad. The editor talks more about how to get out of Federal loan debt than she does Private debt. Obviously she knows not how to stay on track with her 'Tackling Private Student Loans' title she selected herself. Here I am seeing the word, 'tackling' and thought I was about to embark on an aggressive repayment plan to later be told the more I read that "You'll just have to bite the bullet". Needless to say, the article is a waste of time, but the comments below the article are where it gets good. Or bad I should say.

Oh so sorry I have not been blogging.

There really is no excuse for not keeping up with this, other than merely not wanting to talk about it so that maybe it would disappear ;) It is around 3 months shy of a year since I last wrote on this page and not a lot has really changed. In fact, I had ramen noodles and Kroger brand Doritos for dinner just the other night (I swear I remember graduating college 2 years ago). Anyway, as of February, I moved out of the townhouse that my college roommate and I rented right after graduating. I now live in an older house with 2 girls from my work. Adding a roommate and subtracting about a decade worth of visual appeal lowered my rent by $200 a month, so I guess operating outdated appliances and hearing every move either of us ever make is worth it. Now that we are all caught up, here is what I have been doing in regards to my private student loans....

Blog Directory Listing

So much for optimism

My load consolidation attempt was once again rejected. I need to at least have an income higher than the 80K I have in debt before credit, etc. is even taken into account.

Such a nightmare.

Loans for people on DSS benefits-Why disabled people take unsecured loans against monetary hazards

Any kind of disability makes your life sorrowful and painful as disability don’t leave of capable of working and earning money for meeting your need  and leading a normal life. Disabled people generally depend on their relatives or on other people for meeting their various needs. Department of social security allocates a small sum as DSS benefits (A Small sum of money) to such needy people so that the basic needs of these people don’t get affected.  Any kind of unplanned expenses can’t ne entertained with DSS benefit income.  

Friday, September 16, 2016

Does It Make Financial Sense To Donate a Car to a Charity?

 It's easy to donate a car to charity if all you want to do is get rid of it. Simply call a charity that accepts old vehicles, and it will tow your heap away.

If you want to maximize the benefits for both the charity and yourself, however, it's more complicated. Until 2005, it was easy for taxpayers to deduct the entire "fair market value" of a donated vehicle from their taxable income, reducing the taxes they'd have to pay to the Internal Revenue Service. (The IRS defines fair market value as "the price a willing buyer would pay and a willing seller would accept for the vehicle, when neither party is compelled to buy or sell and both parties have reasonable knowledge of the relevant facts.")
Allowing taxpayers to deduct the full fair market value for all those donated vehicles cost the IRS a lot of dollars, however, so the agency tightened the rules. Today, you can only deduct a vehicle's fair market value under very specific conditions. We're going to walk you through those conditions, with the usual proviso that you should discuss these issues with your tax preparer before you act. Also note that if your state or locality also levies income taxes, other rules may also apply.
You Must Itemize Your Return
If you want to claim fair market value for your car donation to reduce your federal income taxes, you must itemize deductions, says Twila D. Midwood, an enrolled agent based in Rockledge, Florida. An enrolled agent is a tax expert who can represent clients before the IRS.
If you've always filed 1040EZ tax returns and you plan to keep filing them, you won't be able to deduct any amount for the car donation. You can file a regular 1040 tax form and itemize, even if the donated auto is your only deduction. That's usually not the best choice, however, unless you like paying a lot more taxes to the IRS than you must.
"For tax purposes, because a donation is a deduction from your income, the tax benefit relates to your tax bracket," Midwood says. "It's not a dollar-for-dollar item."
Here's the math: Suppose you are in the 28 percent tax bracket. Your donated car's value, and thus the deduction, is $1,000. "The $1,000 deduction will save you $280," Midwood says. If you're in the 15 percent tax bracket and you donate a car worth $1,000, it will only reduce your taxes by $150.
If instead you take the standard deduction, which in 2012 was $5,950 for a single individual or $11,900 for a married couple filing together, you save thousands of dollars over filing an itemized return only for the purposes of detailing your car donation.
The only way that donating a car nets you any tax benefit is if you have many deductions, and if their total sum, including the car, exceeds your standard deduction.
The Charity Must Qualify
Your city councilman's campaign organization and your hobby club may be nonprofit organizations, but donating a car to them won't give you any tax benefits. Only "qualified" charities can provide those for you. A qualified charity is one that has been approved by the IRS as an "exempt-status" or 501(c)(3) organization, Midwood says. Most organizations will state in their advertising or receipts that they're a 501(c)(3) if indeed they are one, she says. "If you're not sure, ask."
Religious organizations are a special case. They do count as qualified organizations, but they aren't required to file for 501(c)(3) status.
To help you determine whether a charity is qualified, the easiest thing to do is visit the IRS's exempt organizations site.
You also can call an IRS toll-free number: (877) 829-5500. If you do this, you'll have to listen to some recorded information about tax forms that probably don't apply to you. You'll then be given the option to "Press 2" to talk to a customer service rep about exempt organizations. Note that the waits can be quite long: up to 30 minutes.
You can always donate as much as you want to charities, but the IRS limits how much you can claim on your tax return. "Charitable donations can't exceed 50 percent of your gross income," Midwood says.
How To Deduct Fair Market Value 
These are the four IRS rules under which you can get the maximum deduction (the fair market value) of a donated car:
1. When a charity auctions your car for $500 or less, you can claim either the fair market value or $500, whichever is less.
2. When the charity intends to make a "significant intervening use of the vehicle." This means the charity will use the car in its work, such as delivering meals to needy people.
3. When the charity intends to make a "material improvement" to the vehicle, which is "anything that increases the car's value and prolongs its life," Midwood says. "It can't be a minor repair or maintenance; it must be something like fixing the engine or systems that run the car," she says.
4. When the charity gives or sells the vehicle to a needy individual at a price significantly below fair market value, and the gift or sale is part of the charity's mission of helping the needy who need transportation.
How To Determine Fair Market Value 
To recap, the IRS defines fair market value as the price a willing buyer would pay and a willing seller would accept for the vehicle, when neither party is compelled to buy or sell and both parties have reasonable knowledge of the relevant facts. Neither the buyer nor the seller can be an auto dealer. Both must be private parties.
Edmunds.com makes it easy to determine your vehicle's fair market value. And, as Midwood says, your assessment has to be "an apples-to-apples comparison."
IRS Publication 4303 explains this in more detail: "If you use a vehicle pricing guide to determine fair market value, be sure that the sales price listed is for a vehicle that is the same make, model and year, sold in the same condition, and with the same or substantially similar options or accessories as your vehicle."
Here's an example: Let's say your car is a 2003 Honda Accord DX sedan (the lowest trim level). It has 200,000 miles and it's in "average" condition. Edmunds estimates it would be worth $1,862 in a private-party sale in Southern California. You can't instead claim the $5,318 private-party value of a Honda Accord EX sedan (a much higher trim level) with 100,000 miles in "clean condition" (a condition grade that's one step up from "average").
Getting Fair Market Value Is Rare
It's not realistic to expect that your car will meet one of the most stringent fair market value requirements. Take it from 1-800-Charity Cars, which says it is the largest car donation charity in the United States. It picks up donated vehicles from across the country and gives as many of the cars as possible to people who need transportation. According to the charity, few donated cars are suitable to give to the people it serves.
"If 5 percent go to our clients, I'm thrilled," says CEO Brian Menzies. "Although we take any car, about one-third go straight to salvage, i.e., junk." The rest are auctioned and the proceeds go to the charity of the donor's choice, he says.
The point that Menzies is making is this: Unless your car is in good or excellent condition, it will most likely be sold at auction or to an auto salvage yard. In that case, your deduction is based on the car's selling price, not your fair market value estimate.
Note that this price is not something you'll know when you donate the vehicle. "An organization has up to three years to sell the vehicle," Midwood says. "If they sell the vehicle within three years, they must notify the IRS and the donor."
If the April tax deadline is approaching and the charity still hasn't sent you a notification of your vehicle's sale, such as an acknowledgement, receipt or form 1098-C, you have two options.
Paperwork Is Important
According to IRS Publication 526, the first option is to file Form 4868 to request an automatic six-month extension of time to submit your return. Your second option is to file the return on time without claiming the deduction for the qualified vehicle. When the charity finally sends your notification, you can file an amended return using form 1040X to claim the deduction. You'll have to attach a copy of the notification to your 1040X.
Getting tax benefits for a donated car requires a lot of documentation, whether the car is junked, sold at auction or given to a charity's client. IRS Publication 4303 has all the details. One tip: Keep all the papers or electronic files. You'll need them at tax time.
Another Approach to Car "Donation"
Besides giving your car directly to a charity, there is another way your vehicle can help a charity and also maximize your tax benefits: You can sell the vehicle yourself and donate the proceeds.
"If the qualified organization is going to sell the vehicle in order to receive cash, then it would make sense for an individual to sell the vehicle to a private party to maximize the amount of cash proceeds," Midwood says.
"Privately selling the vehicle might generate larger cash proceeds than if the organization were to sell the vehicle, she says. "The donor would then make a cash contribution to the organization."
Selling any car can be a hassle and selling one that's on its last legs poses challenges of its own. How you proceed depends on your goal. Are you focused on getting rid of a junker with minimum effort and you'd look at the tax deduction as a nice bonus? Then donating your car makes good sense.
If your goal is to maximize your tax deduction, carefully review the steps here and then make your decision. Whatever you decide to do, parting with your old car could help a nonprofit carry out its mission. And it also might make room in your garage for a new car.

Wednesday, September 14, 2016

cars sport The Koenigsegg CCX , acrs pro, auto sport pro

Koenigsegg CCX
cars sport The Koenigsegg CCX , acrs pro, auto sport pro
The second variant of the CCXR is the CCXR Trevita which literally stands for "three whites" in Swedish. The Trevita variant utilizes a carbon fiber technology that is woven together with diamonds and is a proprietary technology that is wholly developed and owned by Koenigsegg. Only three CCXR Trevita's were made, making it the rarest Koenigsegg to date at an approximate sales price of $4,850,000 USD. That also makes the CCXR Trevita the most expensive production car in the world. All three Trevitas will feature the Koenigsegg Shimmering Diamond Weave bodywork, double carbon rear wing, enhanced exhaust system, carbon ceramic brakes with ABS, and paddle-shift automatic transmission.

























2008-2010 Koenigsegg CCXR, Edition and Trevita

Typically, when someone mentions the word hybrid we think "Prius." When someone mentions the words "Ethanol Biofuel" We think Chevy flex fuel vehicles. I'll give you something different to think about the next time that you hear the EPA or Obama touting hybrids and biofuel, the first green supercar: The Koenigsegg CCXR.
The Koenigsegg CCXR is simply a hybrid engine version of the CCX that runs on biofuel. At the time of production it was Koenigsegg's top performing vehicle in terms of horsepower, 0-60 acceleration, top speed and even miles per gallon! Unlike other hybrid vehicles, the CCXR yields enhanced performance numbers over its unleaded siblings without changes in displacement or other compromises.
Production began on the CCXR in 2007, just one year after the introduction of the CCX. The only change on the CCXR is a slightly modified engine that can accept E85 or E100 ethanol fuel, along with regular unleaded gasoline. Koenigsegg made a few other minor tweaks such as modifying the fuel injectors, upgrading fuel lines, and most importantly, increasing the supercharger boost levels.
Although seemingly minor changes, the resulting improvements are staggering. The Rotex twin-supercharged 4.7 liter V8 pushes out 1,018 horsepower at 7,200 rpm and 740 lb-ft of torque at 6,100 rpm. That's Veyron Super Sport territory in HALF the cylinders and displacement. These are figures that only the Zenvo ST-1 has also been able to encroach upon in recent years with a similar platform. The additional power helps the Koenigsegg CCXR to go from 0-60 in 3.1 seconds and on to an estimated 250+ mph top speed. That biofuel overhaul makes the CCXR 0.1 second faster to 60 than the CCX and it has 212 more horsepower and 47 more ft-lb of torque.
You see, the higher cooling properties of ethanol allows for a higher pressure of combustion in the cylinders, which means higher output than regular fuel. Quite an interesting way to use a hybrid fuel to yield hypercar performance and the best part about it is that the CCXR gets better gas mileage than it's hypercar brothers and sisters.
Two variants of the CCXR were also produced in extremely limited quantities. In 2008, the CCXR Edition variant was announced, a limited production run of full "naked" carbon fiber body panels, aluminum wheels, larger front splitter and larger spoiler to optimize air flow. The only performance difference for the Edition is slightly improved torque figures and a faster 0-60 mph time of 2.9 seconds due to the lighter weight and improved downforce. Only six were made.
The second variant of the CCXR is the CCXR Trevita which literally stands for "three whites" in Swedish. The Trevita variant utilizes a carbon fiber technology that is woven together with diamonds and is a proprietary technology that is wholly developed and owned by Koenigsegg. Only three CCXR Trevita's were made, making it the rarest Koenigsegg to date at an approximate sales price of $4,850,000 USD. That also makes the CCXR Trevita the most expensive production car in the world. All three Trevitas will feature the Koenigsegg Shimmering Diamond Weave bodywork, double carbon rear wing, enhanced exhaust system, carbon ceramic brakes with ABS, and paddle-shift automatic transmission.
2010 marked the end of Koenigsegg's first generation model, the CC. Koenigsegg introduced their first prototype in the late 90s, followed by the CC8S, CCR and CCX models along with other tweaks throughout the past decade, in which they proved to the world that they exist and that they know how to make a car that Bugatti hides from. The real question is, how much more scary can it get? Their newest model, the Agera, will help us to answer that question.
Carnecks' Mission is to be an online car review source which strives to provide quality car reviews, entertaining videos, and reliable information. CarNecks Vision is to be the best entertaining car information service provider.

Cars pro-Infinity FX 35-Auto pro

Infinity FX 35
Cars pro-Infinity FX 35-Auto pro
After the initial down payment, you can pay the rest of the money on a monthly basis and easily pay off the money which you are due to pay to the car dealer and the loan provider as well. One thing that you will have to take special care of while taking an auto loan is to check out the rate of interest that is being provided by the different loan providers. If you shop around a little, you will find that the rates do vary, so opt for that loan provider who provides you the most suitable rate of interest. Well buying Infiniti FX35 is surely a priority, but you will not want to lose sleep over the payment option of the loan.





 Infinity FX 35
 


 Infinity FX 35

 





 Infinity FX 35

 












How to Buy Infiniti FX35 Without Any Hassles?

Luxury cars have a class of their own and to drive in a luxury car is one dream that many people want to fulfill. The remarkable make, feel and design of the car make it one of the most desired cars among luxury car drivers. After all, who does not want to drive in a car which gives the ultimate driving experience and whenever your car runs on the road you are bound to get complaints and second look from people. Among the different luxury cars made by Nissan, Infiniti FX35 is one of the most widely loved luxury cars and due to some of its wonderful features the car is a huge hit among people who love to drive in luxury cars.
It is completely understood that you must have made huge efforts to save money for buying the luxury car of your dreams. So before you actually go about buying Infiniti FX35 or any other car, you must enquire properly to find out if this will be beneficial to you or not. For this, you need to find out the different features of Infiniti FX35 and see if it has all the features which you want in a car or not. So before buying the car, make sure that you go the shop of the car dealer and check out the different features of Infiniti FX35 first hand. Take a test drive and see the pickup and mileage capacity of the car.
Shortage of funds is one thing that can happen to any one. So if this is the only reason why you are not able to be in possession of your dream Infiniti FX35 car, you can rest easy and there are many ways to get rid of this problem. One of the most feasible ways to get rid of this is by taking an auto loan. There are many loan lending agencies that will help you in getting the right amount of money that you require for buying your dream car. You can pay a certain amount as downpayment to your car dealer and get the Infiniti FX35 car.
After the initial down payment, you can pay the rest of the money on a monthly basis and easily pay off the money which you are due to pay to the car dealer and the loan provider as well. One thing that you will have to take special care of while taking an auto loan is to check out the rate of interest that is being provided by the different loan providers. If you shop around a little, you will find that the rates do vary, so opt for that loan provider who provides you the most suitable rate of interest. Well buying Infiniti FX35 is surely a priority, but you will not want to lose sleep over the payment option of the loan.
You can buy Infiniti FX35 in any color that you wish to. You need to check out the inventory of your dealer and check out the different colors of Infiniti FX35 that he ahs in his collection.
Tim Johrer has a special interest towards luxury cars and knows that the level of class defines luxury cars. He provides information to customers about different range of Infiniti cars. For more information related to Millennium Infiniti, Long island Infiniti and Infiniti New York visit 

Ford takes top honours at the 5th annual Honest John Awards

The Honest John website is one of the most popular online destinations for people looking for reviews before deciding on a new car (or used one) in the UK. Yesterday, they announced the winners of the  5th annual Honest John Awards., The winners were the most popular models with the website's two million users.


Ford won a number of awards this time with the Ford Mondeo winning both Car of the Year and Most Popular Large Family Car. The Fiesta was also crowned the Most Popular Small Hatchback category while the Transit Custom won the Most Popular Van title for the second consecutive year.
Here is the full list of award winners:

Full list of award categories and winners:

Car Of The Year: Ford Mondeo

Most Popular Large Family Car: Ford Mondeo

Most Popular Van: Ford Transit Custom

Most Popular Small Hatchback: Ford Fiesta

Most Popular City Car: Hyundai i10

Most Popular SUV: Hyundai Santa Fe

Most Popular Large Executive Car: BMW 5 Series

Most Popular Performance Car: BMW i8

Most Popular Compact Executive Car: Mercedes-Benz C-Class

Most Popular Classic Car: Mercedes-Benz W124

Most Highly Rated Car: SEAT Ibiza ST

Best Real MPG Performer: Honda Civic Tourer

Most Popular Small Family Car: Citroen C4 Cactus

Most Popular MPV: Volkswagen Golf SV

Most Popular Crossover: Nissan Qashqai

Most Popular Convertible: Mazda MX-5 RC

Most Popular Luxury Car: Audi A7 Sportback

Cars Hyundai Accent - Cars pro, auto pro

Hyundai Accent
Hyundai Accent is equipped with 1.54 Liter SOHC engine with the displacement of 1495 cc which is standard in all the three variants - petrol, diesel and CNG. Manual five speed transmission and in-line four cylinder is also standard on all the variants. The 1495 cc SOCH engine can churn out maximum power of 94 bhp at the rate of 5500 rpm and maximum torque of 123 nm at the rate of 3500 rpm. Its alpha engine stands for best economy and refined power.


















Hyundai Accent Videos




Hyundai Accent Review and Specifications

Hyundai Accent is a luxury sub-compact sedan of Korean automaker Hyundai Motors. The model was introduced in 1994 and its production is still continuing successfully. This model comes with ample of variant choices that include CNG, LPG and executive versions. All the variants has 1.5 liter engine with five speed manual gearbox as standard feature.
Hyundai Accent is the car of performance, luxury, power and style and it assures to give smooth-sailing riding experience. The car is powered with innovative and advanced engine and it definitely proves to be the tough competitor in entry level sedan. On the whole it is a well balanced car that comes with affordable price tag and competes with Chevrolet Aveo, Ford Ikon, Maruti Swift Dzire and Tata Indigo. The cost of the sedan ranges between 5 lacs and 6 lacs. The model is available in attractive colors like husky blue, real earth, ebony black, charming grey, bright silver, noble white, scarlet sage, aqua tint and potomac blue.
Engine Specifications
Hyundai Accent is equipped with 1.54 Liter SOHC engine with the displacement of 1495 cc which is standard in all the three variants - petrol, diesel and CNG. Manual five speed transmission and in-line four cylinder is also standard on all the variants. The 1495 cc SOCH engine can churn out maximum power of 94 bhp at the rate of 5500 rpm and maximum torque of 123 nm at the rate of 3500 rpm. Its alpha engine stands for best economy and refined power.
Performance
Hyundai Accent comes with well balanced powerful engine. It is intended with high velocity intake, tumble airflow, exhaust ports, asymmetric rockers and dual intake valves that assure to give refined power and performance. The sedan is quick and energetic in city drive but coming to highway performance it is not that very zippy. Since the sedan is fitted with MPFI fuel supply system, it makes sure to measure each drop of fuel. The capacity of its fuel tank is 45 liters. ARAI gives the certificate that this model gives the mileage of 16.36 kmpl but in fact it is giving only 12.3 in city and 13.5 in highways. More or less almost all the variants give the same kind of fuel economy.
Exterior, Interior and Safety
Hyundai Accent front grille comes with horizontal slats that appear fresh and unique. Its waistline, bumpers, rear garnish, door handles and OVRMs are coated with body color. Further more the exterior is equipped with rear defogger, tinted glasses, clear headlamps and many more. It has the 175/70R13 tubeless tyres and they are covered with six-spoke full wheel cover that makes Accent exterior sporty.
The interior of this entry level sedan has beige color dual tone theme that bring spacious and luxurious feel. It has the comfortable front seats, supportive rear seats and its roofline is pretty high. Powerful air-conditioning systems, elegant instrumental cluster, cup-holders at comfortable places are additional attraction to the interiors.
Hyundai Accent is adorned with lots of passive and active safety features like disc anti-lock brakes, three point safety belts, height adjustable headrests, dual airbags, central locks, child locks, collapsible steering column and many more.
Get details of the Hyundai Accent sedan and upcoming Hyundai cars in India.