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Bloomberg: Plant closures threaten the entire EU auto industryVolkswagen (VW)'s plans to close its factories in Germany for the first time in history are only the beginning of a large-scale shake-up that awaits the entire EU auto industry, writes Bloomberg. According to industry experts, there are more than 30 unprofitable car industries in the EU, including not only VW enterprises, but also factories of many other companies, including Stellantis and...0 Comments 0 Shares 13K Views 0 Reviews
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What is the difference between PCP and PCH (auto financing terms)?What is the difference between PCP and PCH (auto financing terms)? When shopping for a new car, you’re likely to come across two common auto financing terms: PCP (Personal Contract Purchase) and PCH (Personal Contract Hire). Both are forms of car finance that allow you to drive a vehicle without paying the full purchase price upfront, but they differ significantly in structure,...0 Comments 0 Shares 2K Views 0 Reviews
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What does loan-to-value mean?What does loan-to-value mean? When it comes to borrowing money—especially for big purchases like a home or a car—you’ll often hear the term loan-to-value ratio, or LTV. It’s an important number that lenders use to measure risk and determine the terms of a loan. But what exactly does it mean, and why does it matter? Defining Loan-to-Value The loan-to-value ratio is a...0 Comments 0 Shares 2K Views 0 Reviews
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What is a balloon payment?What is a balloon payment? A balloon payment is a large, lump-sum payment due at the end of a loan term, typically much larger than the regular monthly installments made throughout the loan. This structure is common in certain types of mortgages, auto loans, and business loans, and it allows borrowers to make smaller payments initially before facing a substantial final obligation. How a...0 Comments 0 Shares 2K Views 0 Reviews
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What Kind of Insurance Do I Need?When it comes to protecting your assets, securing the right kind of insurance is vital for ensuring peace of mind and financial security. However, determining which policies you need can be overwhelming. From protecting your home to securing your health and even covering your business activities, it's important to choose insurance that addresses all your specific needs. 1. Homeowners Insurance...0 Comments 0 Shares 11K Views 0 Reviews