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financing a car for a teenage driver

Do you have a teenager that is about to start driving? Do you really want your teenager driving your car? Having recently bought my car, I knew that there was no way that I was going to trust my 17 year old son to take it out with his buddies. I wanted to find a more affordable option for him. When I found a car that was perfect, I just had to come up with the money to buy it. Then, I had to decide if I wanted to get a car loan and pay for full coverage insurance, or if I wanted a personal loan with higher interest rates. Go to my site to use the charts that helped me decide how to go about financing a car for my son.

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The Benefits Of A Structured Settlement Buyout

If you have recently won a personal injury lawsuit, then you might have been awarded a structured settlement. So what exactly does that mean? More importantly, how can it be useful to you? On top of that, you might not be familiar with the concept of a structured settlement buyout. To help you out, here's a breakdown on what a structured settlement is and how a structured settlement buyout might help you out:

What is a Structured Settlement?

Usually, companies are unwilling to pay large lump sums to people who win personal injury lawsuits. These companies would rather pay the money over a large period of time at set intervals. This benefits the company because they don't have to lose a large amount of money immediately. Unfortunately, this can be incredibly disadvantageous to you, the injured party. If you have large medical bills or legal fees, then you need that money now, not in a few months or years. To help you out, there is a concept known as a structured settlement buyout.

What is a Structured Settlement Buyout?

There are businesses that want to buy your structured settlement in exchange for an immediate lump sum payment. Naturally, they will give you less money than the total amount of the structured settlement will be worth, but if you have a critical need for money, then it's a perfectly viable option.

How Much Will I get Paid?

There are quite a few different factors that affect the amount you will get paid in exchange for your structured settlement.

  1. First, they will obviously consider the amount of the structured settlement. You will never see a quote that is above the total value of your settlement, and you should actively avoid offers that are worth below 25% of the settlement.
  2. Second, the reliability of the paying party must be considered. If the paying party is a multinational corporation with a good reputation, then that will certainly increase the value of your settlement. However, if it's a small non-chain restaurant in the middle of Oklahoma, you might not get a great offer.
  3. Finally, time-reliant economic conditions will be considered. Inflation and interest rates and current market trends will determine whether your settlement is worth the effort.

What if I Don't Want to Sell the Whole Structured Settlement?

This is a common concern for people who just need a little bit of money to pay for current expenses, such as medical bills. Fortunately, many businesses will buy a fraction of your settlement, leaving you with as much as you want.