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Tips on saving money when buying a pre-registered car

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With the hefty price tags and high depreciation rates, it is no surprise that drivers are leaning towards secondhand cars more instead of brand new ones. According to experts, certain models can drop in value for up to 35% in the first year. Though the statistics reveal a pretty disheartening number, there are still ways in which you can fulfill your dream of getting a brand new pre-registered car of your own, while saving some coins during the process. And while we are on the topic of getting a new car, make sure to not forget to get your car protected by insurance at https://www.youi.com.au/car-insurance.

What are pre-registered cars?

In order to understand what pre-registered cars are, we first have to go back to the basics. A car dealer measures his success based on the number of sales that he or she makes, and like other salesmen, they also have targets to meet. In order to achieve their quotas, dealerships will sometimes opt for buying the cars themselves and register them as sold with the Driver and Vehicle Licensing Agency (DVLA). These will then be known as pre-registered cars. Since the first owner of the car is technically registered with the dealer, these cars are classified as secondhand cars, despite its low mileage and it being just a few weeks old.

Pre-registering new cars, and then selling them at a lower price to customers does not necessarily mean that dealers are losing money. The manufacturer’s bonuses are usually able to cover the costs and at times outweigh the difference in costs.

When should I get a pre-registered car?

A rule of thumb is to wait till March or September, because those are the periods when new number plates are registered, with the largest supply of cars available. Those months also come with higher quotas for dealerships, making it easier to get a better deal. If you want to take advantage of cheap deals, be sure to visit the dealerships at the end of the month, as they usually have monthly and quarterly targets to hit as well. However, if you have some extra cash lying around, you can just proceed with getting a car whenever you need it. With a higher budget, you will also have the luxury of picking something that attracts you, as well as focusing on the functionality of the car.

When you are at the dealership, a tip is to look out for cars with the sign that says “new” and is heavily discounted but is already attached to a number plate. These are the cars that are most likely pre-registered, and you’ll pay significantly lower prices for them.

What can I expect with a pre-registered car?

When getting a pre-registered car instead of a brand new car, you can expect discounts from 5% to 15%, though the prices may vary depending on each model, and how desperate the dealership is to get the car off the forecourt. However, one thing to take note of is that if you think about finances, the retail price that pre-registered cars are discounted at may not mean lower monthly installment payments. You should also lookout for the miles on the clock. Most pre-registered cars should have less than 200 ‘delivery’ miles unless it has been used as a demonstrator car, which can hit slightly above 200. It should also typically be under six months old and check with the dealership if it is a lot older than that.

What should I look out for when purchasing a pre-registered car?

Before you immediately say “I do” to your car, it is best to do some research on the model in question. If you realize that it has to be replaced or facelifted soon, this gives you a great opportunity to further haggle over the price. Furthermore, you should ensure that you receive the new keeper supplement section of its V5C logbook and the sales receipt when the dealer sends it to the DVLA.

Moreover, you should take out GAP (Guaranteed Asset Protection) insurance if you are getting a pre-registered vehicle. This is because your insurer will likely pay out the car’s market value before any accident since you are the second registered keeper of the car. This ensures that the GAP policy will compensate for any potential shortfall in price between this amount and the amount that you owe the finance company.

What are the cons of getting a pre-registered car?

One of the biggest drawbacks of getting a pre-registered car is the value that it can be sold for when you decide to change your car. Even though it is practically new and you are the first legitimate owner of the car, you are still technically the second owner, thus making its value decrease when you decide to sell it. This will not fetch you the price at which your car is truly valued, causing you to make a potential loss. However, if you do not plan to sell it before the car has to go to the scrapyard, getting a pre-registered car will definitely be worth your buck.

Additionally, you have to take note of the manufacturer’s warranty. The warranty period starts the minute the car is parked in the forecourt. Hence, the longer the duration of the car idling in the forecourt, the shorter the warranty available for your car. This is different from that of a brand new car, whereby the warranty starts the moment you get the keys. This puts you at a slight disadvantage, risking the chances of a faulty part after the warranty has ended.

For drivers who prefer to customize and optimize a car to their liking, pre-registered cars are not the most suitable due to them being already fitted with optional extras. Furthermore, drivers are unable to choose and customize the spec as well.

Final Words

When it comes to purchasing a pre-registered car, it is all about slashing the prices further but getting the same standard and ideal condition that brand new cars have to offer. Though you are the first owner to drive on the roads, you are technically the second owner on paper. Hence, it will prove to be a problem when you choose to sell it, as your car will have a lower resale value than what it is actually worth. Despite that, getting a pre-registered car can help you reduce costs by up to 15%, while not compromising on the performance of the car.

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Finance

How Twitter can help your business

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Twitter is easily one of the leading online platforms which encourages networking on a global scale. The number of users, more than 300 million, is staggering and this is not through sheer luck on their part. The virtual destination provides many advantages including a delectable smorgasbord of ideas for your business. Avoid it at your peril. Here, you can in very little time, easily and cost-effectively develop your brand, its awareness, relationships with customers, past, present, and future, especially if you decide to buy real Twitter followers. A tweet is a post, Twitter style. It will include content, copy and visuals are possible, which captivate your followers. Playstation, Starbucks, and Chanel are among the most popular brands, with a combined following of 42 million people. Brainstorm these ideas as relates to your business and upon implementation, you’ll enjoy their effects.

1. Brand Story
The story about your multi-faceted business should be diligently threaded across your content calendar. Whether your business is complex in its offering or not, your tweets must be diverse in their topic. Impress with accolades received, ooze humility sincerely with a question about a product color you’re grappling with, showcase team member achievements, or the fun on offer at the trade expo you’re attending. Your followers will be converted to loyal and long-term customers if you bear all, professionally.


2. Generate Traffic
Social media content calendars often include a call to action, usefully encouraging a specific activity and how and where to do so, which very often will direct the individual to your website, blog, or perhaps an insightful video. Twitter generates traffic to your other important locales, which is one or more steps closer to a purchasing decision. This is what you want and lots of it!


3. Tweet from Anywhere
If your launch strategy includes activity on Twitter next Wednesday, while you’ll be basking in the sun on a beach in the Mediterranean, finally enjoying a long overdue vacation, execute it from your lounger, on your mobile device. You don’t need your larger devices to navigate Twitter and enjoy success. The ease with which you can communicate with followers easily categorizes this platform as one of enormous convenience.


4. Massive Reach
You have never had this number of people quite literally at your fingertips. Be crystal clear about who your target audience is. That your offering has a 250km radius limitation, is crucial information. If you have a limited quantity of an item, your content must reference this. You do not want to disappoint someone continents away, who thinks that what you offer is theirs for the taking when that is not the case. You have an opportunity for massive reach. Plan well and your bottom line will impress all stakeholders.

5. Research Competitors
Know what your competitors are doing. Follow their Twitter profiles and make note of what type of content tends to elicit the greatest level of engagement, good or bad. Follow some of their more active followers, which may lead you to more like-minded prospects. Keep a close eye on their influencer activity. All this research will provide a useful understanding and may inform some of your future choices. However, Twitter has over 350 million monthly users, so avoid focusing your efforts on trying to out-perform them. Focus instead on doing what you do, to a level of excellence and soon enough, your competitors will be following your lead.

Twitter must be included in your comprehensive marketing campaign. Its statistics are indicative of an organization that understands very well what it can do for you and it supports your success, with continual enhancements, all of which will continue to generate traffic, conveniently.

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Global Policy-makers Face Complex Set of Divergent Economic Challenges in Coming Year

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From the impact of a new COVID variant to continued inflation, governments will continue to face economic challenges in 2022. In a session on the global economic outlook, policy-makers outlined their immediate and long-term actions to stabilize the global economy to business, government and civil society leaders taking part in the World Economic Forum’s virtual event, the Davos Agenda.

Kristalina Georgieva, Managing Director of the International Monetary Fund, emphasized that the response to the pandemic crisis has been anything but orthodox. “In a highly coordinated fashion, the world central banks and fiscal authorities have prevented the world falling into another great depression,” she said.

“Policy flexibility is critical in 2022 – persistent inflation, record fiscal debt levels and COVID-19 combine to present a complex obstacle course for policy-makers,” she added. In particular, vaccination rates represent a dangerous divergence between countries; more than 86 countries did not meet end-of-year vaccination targets.”

Georgieva expects the economic recovery will continue in 2022, but she cautioned: “It is losing momentum amid persistent inflation and record debt levels which now exceed $26 trillion.” More than 60% of developing countries are heading towards debt distress”, she said, more than twice as many as a few years ago.

Christine Lagarde, President of the European Central Bank, said that during the COVID-19 crisis, monetary and fiscal policies joined hands to respond exceptionally to the pandemic. “In Europe, so far, we are not seeing inflationary pressure spiral out of control. We see wages and energy prices stabilizing from the middle of the year as bottlenecks reduce and wage inflation normalizes.”

She added: “In Europe we are unlikely to see the kind of inflation increases that the US is experiencing; demand and employment participation are only just returning to the pre-pandemic levels.” She stressed that “Europe is stronger and more united than it was before the pandemic and we will act if we need to.”

Kuroda Haruhiko, Governor of Bank of Japan, said Japan has been relatively successful in minimizing the death rate from COVID-19, although the economic recovery is still lagging. “Public sector debt in Japan is now well over 200% of GDP,” he said, “but the government projects a primary surplus from 2025, hence thereafter public debt should decline.”

He was optimistic about progress so far. “The Bank of Japan’s accommodative monetary policy has been working well and the Japanese economy is now emerging from the spectre of 15 years of deflation.” He went on to say: “In Japan we expect an inflation rate of about 1% in 2022 and the Bank of Japan will continue our stimulative monetary policy”

Sri Mulyani Indrawati, Minister of Finance of Indonesia, revealed that the country should see a strong recovery in 2022. “To build on this, we are expecting more than 1% of additional GDP growth from a series of recent reforms.”

She said that Indonesia is the largest economy in the ASEAN region but “it is vulnerable to a dependence on commodities – the emphasis now is on value-added activities”. She added: “We are improving Indonesia’s investment environment with a comprehensive reform package on tax, regulation and incentives.”

Paulo Guedes, Minister of Economy of Brazil, said his country’s economy is bouncing back strongly and economic output is already above the pre-pandemic level.

“Do not underestimate Brazil’s resilience,” he said. “The country’s debt to GDP ratio has stabilized at around 80%, well less than widespread fears that debt/GDP could exceed 100%.” He pointed out that more than 3 million new jobs were created in 2021 and the government has assisted 68 million Brazilians with direct income transfers.

He was less upbeat about inflation. “Central Bankers are asleep at the wheel – inflation will be a persistent problem for the western world. Inflationary pressures will not be transitory.”

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Afghanistan: 500,000 jobs lost since Taliban takeover

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More than half a million people have lost or been pushed out of their jobs in Afghanistan since the Taliban takeover, the UN International Labour Organization (ILO) said on Wednesday.

In a warning that the economy has been “paralyzed” since the de facto authorities took control last August, ILO said that there have been huge losses in jobs and working hours.

Women have been hit especially hard.

By the middle of this year, it’s expected that job losses will increase to nearly 700,000 – with direst predictions topping 900,000 – as a result of the crisis in Afghanistan and “restrictions on women’s participation in the workplace”.

Gender gap

Women’s employment levels are already extremely low by global standards, but ILO said that they are estimated to have decreased by 16 per cent in the third quarter of 2021, and they could fall by between 21 per cent and 28 per cent by mid-2022.

“The situation in Afghanistan is critical and immediate support for stabilization and recovery is required,” said Ramin Behzad, Senior Coordinator of the International Labour Organization (ILO) for Afghanistan. “While the priority is to meet immediate humanitarian needs, lasting and inclusive recovery will depend on people and communities having access to decent employment, livelihoods and basic services.”

Hundreds of thousands of job losses have been seen in several key sectors which have been “devastated” since the takeover, ILO said.

These include agriculture and the civil service, where workers have either been let go or left unpaid. In construction, the sector’s 538,000 workers – of which 99 per cent are men – have suffered too, as major infrastructure projects have stalled.

Forces sapped

The Taliban takeover has also led to “hundreds of thousands” of Afghan security force members losing their job, said ILO, noting that teachers and health workers have been deeply impacted by the lack of cash in the economy, amid falling international donor support.

As the crisis continues to unfold, ILO explained that the Taliban capture of Kabul on 15 August, threatened hard-fought development gains achieved over the past two decades.

Domestic markets have been “widely disrupted”, the UN agency said, while productive economic activity has dropped, which has in turn driven up production costs.

At the same time, because Afghanistan’s reported $9.5 billion in assets have been frozen, “foreign aid, trade and investment…have been severely impacted”, ILO continued, pointing to cash shortages and restrictions on bank withdrawals, causing misery for businesses, workers and households.

Kids pay price

The lack of work also threatens to worsen child labour levels in Afghanistan, where only 40 per cent of children aged five to 17 years old attend school.

In absolute numbers, ILO noted that there are more than 770,000 boys and about 300,000 girls involved in child labour.

The problem is worst in rural areas – where 9.9 per cent, or 839,000 children –  are much more likely to be in child labour compared to those in urban areas (2.9 per cent or 80,000).

To support the Afghan people this year, the UN’s top priorities are to provide lifesaving assistance, sustain essential services and preserve social investments and community-level systems which are essential to meeting basic human needs.

In support of this strategy, the ILO has pledged to work with employers and trade unions to promote productive employment and decent work.

The organisation’s focus is in four key areas: emergency employment services, employment-intensive investment, enterprise promotion and skills development, while respecting labour rights, gender equality, social dialogue, social protection,elimination of child labour and disability inclusion.

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