First there are the captive finance companies. Think of them as the financing arms of all the major manufactures. They exist solely to provide financing to the public in an effort to sell their trucks. In the past they have been somewhat liberal in their underwriting criteria and like the mortgage industry perhaps too liberal. This relaxed underwriting of the past has caused serious defaults today. This has resulted in a subsequent tightening of credit. The end result is the selling of less trucks and trailers; customers have a harder time getting financing. Nonetheless, the captive financing company will always be part of the commercial truck financing game.Second are the independent financing companies. They are not tied to the manufactures in any way. They exist to make a profit from financing commercial trucks and other equipment. They can be a welcome alternatives for several reasons. First they can be someone to turn to if a good credit customer is “tapped out” with the captives. This means they have already financed trucks with the captive financing companies and they don’t want to do anymore for the customer (at least for now). These “A” credit sources are competitive on rate with the captives and, using different independent sources, a customer can finance an unlimited number of trucks. Independents are great for other reasons too. Say a customer wants a TRAC lease with different parameters than what the captives are offering. They can search for an independent that can tailor a TRAC lease for that customer. This is invaluable for the more sophisticated customer that has tax structure as their main objective. Here’s another one, we have customers calling us all the time that may only work nine months out of the year. They need financing that can offer skip payments. This way the customer can make nine payments a year instead of twelve; taking three months off of making their payments. One last one that hits home with us, the customer with bad credit. A captive financing company generally works only with people with good credit. For the customer with bad credit, their choices are limited. Thanks to independent financing companies (like ours) that specialize in customer with bad credit; these customers can get the financing they need to start or grow their business. Think of independent financing companies as offering financing products that can accommodate almost any need.The third financing arm for commercial truck financing is the in-house financing program. Usually offered by the smaller vendor, in-house financing offers benefits for both dealer and customer. By offering financing in-house the dealer is able to move more inventory than if he didn’t. This is important because a smaller dealer doesn’t always have a captive finance program. And with credit tightening up the independent financing companies are becoming less important. The dealer can act like an independent financing company by offering all the same products while keeping the benefits of earning interest on the trucks they sell. The bad side, of course, is they also suffer in the case of defaults where the customer stops making payments. The benefits to the customer is they have a one stop shop where they can finance a truck at the same place they are purchasing it from. Downside is they are limited to their inventory.This information will help you become a more educated consumer. By know who the players are you can better approach how to finance that commercial vehicle. Good luck!
Caftans – Stylish Plus Size Clothing
So you are tired of searching for information on caftans? Don’t fret because your search ends here with this article for plus size looks.DID YOU KNOW-Variants on the caftan style can also be seen in certain African countries.CAFTAN The term “caftan” or Kaftan (from Ottoman Turkish qaftan) is used to refer to a full-length, loosely-fitted garment with long or short sleeves worn by both men and women, primarily in the Levant and North Africa.The caftan is similar to the more voluminous djellaba gown of the Middle East.The origin of the caftan is usually tied to Asia Minorand Mesopotamia. Caftan-like robes are depicted in the palace reliefs of ancient Persia dating to 600 B.C.E. By the thirteenth century C.E., the style had spread into Eastern Europe and Russia, where caftan styles provided the model for a number of different basic garments well into the nineteenth century.By the 13th century, the caftan had spread into Eastern Europe and Russia, where caftan styles provided the model for a number of different basic garments well into the nineteenth century. From Russia the caftan made it way to Turkey. The Turks also adopted caftans, and then brought the style to Hungary and Poland when they conquered those lands.In the Ottoman Empire of the 16th century, Caftans of varying lengths were constructed from rich Ottoman satins and velvets of silk and metallic threads were worn by courtiers to indicate status, preserved in court treasuries, used as tribute, and given as “robes of honor” to visiting ambassadors, heads of state, important government officials, and master artisans working for the Imperial court.Men’s caftans often had gores added, causing the caftan to flare at the bottom, while women’s garments were more closely fitted. Women were more likely to add sashes or belts. A sultan and his courtiers might layer two or three caftans with varying length sleeves for ceremonial functions. An inner short-sleeved caftan, was usually secured with an embroidered sash or jeweled belt, while the outer caftan could have slits at the shoulder through which the wearer’s arms were thrust to display the sleeves (sometimes with detachable expansions) of the inner caftan to show off the contrasting fabrics of the garments.After a visit to Morocco in the early 1960s, Diana Vreeland published a series of articles in Vogue championing the caftan as fashionable for “The Beautiful People”. Yves Saint Laurent and Halston were designers who included caftan-styled clothing in their lines. Since that time, caftans continue to have a market for evening and at-home wear. The caftan is now marketed globally as “fashion.”With a long and elegant history- worn by emperors and kings, contemporary use of the term “caftan” can be broadened to encompass a number of similarly styled garment types. Today caftans may be worn with a sash or belt. Some caftans are open to the front or side and are tied or fastened with looped buttons running from neck to waist. Depending on use, caftans vary from hip to floor length. The choice of fabric is limitless, though silks and cottons are still the most used. Embellished, embroidered, bejeweled and other wise decked out, the caftan flatters any figure.WIKIPEDIA SAYS-Most fabrics for royal Turkish caftans were manufactured in Istanbul and Bursa; but some came from as far as Venice,Genoa, Persia,India and even China.Please don’t treat this as an average piece of writing on clothing for plus size women.A lot of effort and hard work has been put to get this end product!
US Markets in green on Friday; Dow 30 up over 345 points, Nasdaq Composite, S&P 500 up nearly 1%
US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 1.14%. While S&P 500 was trading at 3,701.66, up by 0.98% and Nasdaq Composite 10,690.60 was also up by 0.71 per cent
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US Markets in green on Friday; Dow 30 up over 345 points, Nasdaq Composite, S&P 500 up nearly 1%
Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. Source: Reuters
US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 345.25 points or1.14 per cent. While S&P 500 was trading at 3,701.66, up by 35.88 points or 0.98 per cent and Nasdaq Composite 10,690.60 was also up 75.75 points or 0.71 per cent. A Reuters report said that today’s strength was on the back of a report which said the Federal Reserve will likely debate on signaling plans for a smaller interest rate hike in December, reversing declines set off by social media firms after Snap Inc’s ad warning.
Source: Comex
Nasdaq Top Gainers and Losers
Source: Nasdaq
Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. The BSE Sensex ended at 59,307.15, up by 104.25 points or 0.18 per cent from the Thursday closing level. Meanwhile, the Nifty50 index closed at 17,590.00, higher by 26.05 points or 0.15 per cent. In the 30-share Sensex, 13 stocks gained while the remaining 17 ended on the losing side. In the 50-stock Nifty50, 21 stocks advanced while 29 declined.