These days, a 3% ROI on your investment is not enough to get good value out of your money for the item it is invested in. In the UK, inflation rises to 2.68% annually, which effectively means that you can simply get zero value on your investment placed at 3% per annum.
With low interest rates in segregated savings accounts, deposit accounts, and even fixed bonds, you would not be able to maximize the financial money-making potential you worked hard. This also applies to the real estate market in the buying market so that properties become truly complex, unpredictable and even extensive over time. This is why more and more people are looking for different alternatives on where to invest in order to be able to get sufficient results with the money they will be investing for several years. The direction in which people are leaning towards the direction of buying to afford cars because of its promising earning potential.
Invest for just £ 7,000 and up to £ 280,000
a large amount of money to start investing in the purchase to allow cars. Typically an investment of £ 14,000 would be required for a car unit, but even with only half that amount, you can start investing and still make a profit. With an investment of £ 7,000, you will receive a minimum return on average of about 7% per annum, although this is not part of the potential average of 11% per annum that you would get with an investment of £ 280,000 that you could get twenty units of a car is still better than 3% on a savings account. A 7-11% return on your money per year will give you the opportunity to increase the value of your money over the annual rate of inflation, so in theory you will actually make money from this investment.
Investments that you could reinvest
With bank accounts and investments in fixed bonds that have a fixed maturity, you will have to set aside the entire amount you have invested in order to maximize your potential return. Look at it this way – if you have £ 1000 in a savings account to earn £ 30 a year (with a 3% interest rate per year), you will have to keep that entire amount for a whole year. If you were to withdraw money from the amount, of course, your interest income would be lower. This can be worse with investments in fixed bonds because you will have a lockout for several years before you can get any money from it or you may face some penalties. With the purchase to afford cars, however, this is not the case. In fact, you can reinvest the money you have invested quite instantly, because within a month after investing, you can receive monthly payments of up to 36 months for the return on your investment. Then, in the 37th month, you will make a profit on top of the amount you invested. With monthly payments, you can spend it on other investments or just spend where you need them.
Passive income at its best
With investments like stocks, you will have to monitor the stock market daily to see what is happening with your money. With real estate investments, this would be a more tedious process with a lot of time and energy as you would have to properly maintain properties, look for potential tenants, agree to terms with a tenant, and draw up and sign a contract for both parties. But management doesn’t end there, because of course you’ll have to take care of your tenant’s problems and needs if they arise. These types of investments can have high rewards due to their high returns, but they also require as much from you as it requires dedication and focus on generating high returns. On the other hand, when buying to afford, you don’t even have to look for a potential renter of your car units.
All you have to do is just invest your money and allow the purchase to let the car company do the rest for you. You don’t even have to worry about maintenance and repair problems for your vehicles. All you have to do is sit down, relax and just wait for the monthly payment to be conveniently credited to your bank account. Even getting money doesn’t take extra work to go somewhere to pick up a check or cash, which is a better way to make money than with passive income that prioritizes your convenience.