The super best paying jobs include positions in computer science, banks, law, engineering and in medicine.These people earns more because they have high skill and employer is bond to pay premium for them.

• Most high paying Jobs consist of chief executive, information technology manager.
• Various best paying jobs are in healthcare physician jobs like gynecologist,surgeon etc.
• Many high paying jobs required education, training some require certification or licensure.

Top 15 Best Paying Jobs

Accord the Bureau of Labor Satistics (BLS) following are highest paid jobs in US market.

Airline Pilots

Airline Pilots do a great thing than only fly the airways. Airline pilots generally have a bachelor degree and have the licensure from the Federal Aviation Administration (FAA), They start their careers as commercial pilots.

They are responsible for hard work that goes into making sure the plane flies safely, performing pre flight aircraft checks, changes in flight, navigation in air and tackle emergency scenario.

Judges

Judges generally work in local courts,state and federal. Their job is to preside over trials and other hearings. Judges may be appointed or elected to their jobs.Judges may serve for a fixed duration i.e for life time or 10 years. Judges have law degree and huge experience of practicing law

Chief Executives

Chief Executives Officer CEOs provide the direction for setting goals,creating policies, corporate ship.CEOs control top management such as Chief financial Officers and Chief Operating Officer. CEOs report to board of directors.

Chief Executive Officer generally have MBA degree and extensive work experience. CEO average earning of top company is more 10 million dollar per annum.

IT Managers

These Managers are responsible for company information technology. Their responsibilities vary from organization to organization. Their typical job is assessing the computer needs of company , ensuring system safety and hiring controlling IT professionals

Podiatrists

These Physicians are responsible for foot health. Their job is to diagnose and treat malfunction of the lower legs and feet do surgeries and prescribe orthotics.

Podiatrists get a special medical degree i.e Doctor of Podiatric Medicine (DPM). They must be licensed to practice in the state. They complete a three year residency.

Dentists

Dentists do job as a part of team it includes dental hygeinist,dental assistants. Dentists take care of patient gums and teeths treating tooth decay and gum disease. They may repair damaged teeth replace them with implants or appliances like denture.

Physicists

It includes the interaction between matter and energy. Physicist design new software or items linked to their jobs. Physicists hold a PhD degree.Physicists title consist of atomic physicists,medical physicists and quantum information physicists. They develop theories, write papers, analyze data perform research.

Engineering Managers

These Managers hire, instruct and supervise team of engineers.They develop and execute plans for product developments and methods of production.

Physicians

Physician earns more than half of highest paying jobs in US market. High physician jobs include gynecologists,surgeon and Pshyciatrist.

How do I get a Low interest car loan?

You meet following criteria

• Select a secured car loan
• Maintain a credit history
• Have a balance Income

What is a low car loan interest rate?

A low interest car loan is a loan that offers a borrower lower than average interest rate. The amount of interest charged on loan product is counted as percentage of the amount borrowed. Interest rates are the amount which lender charges the customers for borrowing money.

• Fixed rate car loans will have you charging the same interest rate duration of loan term. They are less flexible
• Unsecured Car loans have higher interest rates. They may have less restriction on age of vehicle you purchase
• Secured car loans have lower interest rates as they are guaranteed by value of car
• Variable rate car loans interest rates can increase or decrease during loan term which effect monthly repayments

Why are not all car loans low interest?

Different lender have different interest rate to offers to borrowers. there are various factors

Borrower credit rating

A borrower with good credit score be able to get a more competitive rate than a borrower with a less desirable credit score. Low interest car loans are offered for borrowers with excellent credit score.

Different Overheads

Online lenders have fewer overheads like rent,electricity charges and are able to use the money saved to lower their interest rates

Varying fee structures

Few lenders have higher fees and lower interest rates while others have higher interest rates and charges lower fees.

Which banks offer the lowest rate car loans?

A variety of Australian banks and non bank lenders provide lower rate car loans

• Non bank lenders 360 Finance,Direct Money, Prime Edge Car Loans and loans.com.au
• Mutual banks Beyond Bank,IMB BanK, Greater Bank, Bank Australia
• Mid size Banks Bankwest, Suncorp Bank St George and Bank of Queensland
• Big four banks NAB, ANZ, Commonwealth bank and Wespac
• Credit unions BCU, CUA , My Credit Union Community First Credit Union

Can anyone get a low rate car loan?

If you are searching for a car loan your credit history and credit score play a vital role. Vehicle lender assessess your loan application. They will perform a check of your credit history and credit score.

The higher your credit score the less likely you are default on your loan. The higher credit score the more competitive interest rate may be offered.

The higher your credit score the less chance you are default on your loan.

What is a used car loan?

A used car loan is a type of loan that assist you to finance a second hand car that is over a specific age. When you get a used car loan the lender will provide you the money to cover the buying price.

You will repay the loan amount, add interest in installments over a period of time regularly. These loans permit borrowers to spread out the cost of the over a defined period making it easy to manage the budget.

Used car loan can be a convenient method for Australians to finance their cash purchase.

Is it good to buy a used car or a new car?

Advantage and Disadvantage of used vehicles

Pros & Cons

• The depreciation rate is lower than that of a new vehicle
• More affordable
• Gives the chance to secure the make and model you desire with a constraint budget
• Older vehicles have limited options available for loans
• Difficult to approved for finance
• Likely to pay higher interest rates on a used car loan

What can you use a used car loan for?

A used car loan is available for purchases of new models.A used car designed to be used for purpose of purchasing a used vehicle. Used car loans available with restriction on the maximum age of the vehicle being purchased typically from 10 to 15 years. These restriction imposed by car lender to remain functional through out the loan.

New Car loans are available for purchase of vehicles between 3 to 5 years old.

How do you compare used car loans?

There are various factors for a used car loans.Some of which suit one borrower and some to others. Here i penned most important factors

Fees

The type of fees you may be charged vary from one lender to the other but may include following;

• Redraw fees
• Annual fees
• Early repayment fees
• Application fees
• Establishment fees
• Late repayment fees
• Early exit fees

Loan Term

The loan term is the duration you have to payoff the amount plus interest fees. Car loan terms generally 1-5 years. For used care age of car decide loan term. Generally the longer the loan term the easy the repayments but higher you will pay in interests.Shorter loan payment you pay less interest but costly repayments.

Interest rates

Interest rates decide how much you pay in terms of interest charges over the life of the loan.If you opt for variable rate its vary with market situation. Variable rate loans offer more flexibility. Fixed interest rate your payment will remain the same throughout your loan.

New car loans interest rate is far lower than used car loans due to risk involve in used car loans.Unsecured loans will have higher interest rates than secured loans.

What factor should you consider when buying a used car?

Buying a used car come with following reasons;

• Insurance
• Tolls
• Petrol
• Registration
• Maintenance and Services

FAQ

What is depreciation?

Depreciation is the reduction in the value of your car. Every vehicle loses value each year at different rates.

What is resale value?

The resale value is the price you charges if you were to sell your car. Every vehicle loses its value each year.

What is trade in value?

It is the price you charge if you were sell your car to dealer while buying a replacement car.

The Reserve Bank of Australia has rised the cash rate various times since May 2022 ultimately home loan rates rising across the country. Increasing interest rates mean huge problem on million of Australian household budgets making it difficult for repayments of mortgage.

It is Million dollar questions for every Australian citizen when will interest rate fall down. There is prediction interest rate will fall again in 2024 on the progress of big four banks in Australia.

Big four Bank forecasts: when the cash rate decrease again

• NAB Next cut in May 2024 cash rate falling to 3.20% by November 2024
• CBA Next cut february 2024 cash rate decreasing to 3.35% by November 2024
• ANZ Next cut october to december 2024 cash rate down to 4% by end of 2024
• Westpac Next cut cash rate falling to below 2,5% by end of 2025

For august big four banks predicted that cash rate was likely to increase in august 2023.

What are the causes of rates still rising?

The latest cash rates increase due to result of higher inflation. If inflation decrease the RBA will pause the cash rate eventually. There is no hard and fast rule for RBA to change cash rates it depends on economic conditions.