Q : What is Car Loans?

A : Car Loans are designed for those who wish to finance a car for personal use. It is the way you can borrow money from future. A car loan can give you immediate use of the car of your choice in exchange for regular payments over an agreed period of time.

Q : How about Features of Car Loans?

A : Before you make a decision on car loan which you choose, make sure that your financier offers them. Generally the features of car loan are detailed as follow.

- Payments can be arranged to suit your requirements.

- Cost like Registration cost, Road cost, Loan insurance & Comprehensive vehicle insurance may be able to be financed on the loan contract.

- For repayment, you can choose monthly or fornightly to pay during normally terms range from 12 to 60 months.

- A deposit may not be required, moreover if you do, maybe you will receive some benefits like lower repayment or shorter term.

Q : What is benefit for you?

1.If you also use your car for business purposes you may be able to claim part of the interest and depreciation charges as expenses against your taxable income.
2.Payments may be able to be made by direct debit from your nominated bank account.
3.You may build up equity in the asset.
4.Fixed payments for the term of the agreement allow for more accurate budgeting and protect you against interest rate fluctuations.

Saturday, April 21, 2007

Why Side Air Bags (Protect Children)?

A number of car manufacturers now offer side-mounted air bags as standard or optional safety equipment for front seat passengers. Side air bags protect drivers and front seat adult passengers in certain side-impact collisions. A much smaller number of manufacturers offer side-mounted air bags in the rear seat as standard or optional equipment. Take a moment to read your owner’s manual and identify where the side air bags are located in your vehicle. The following table briefly describes the different types of side air bag:
Roof-mounted systemsCurtains and head tubes come out from the roof line along the upper edge of the doors. These air bags come down along the window to protect your head and neck.
Door-mounted systemsDoor-mounted air bags break out of the armrest or the door just above the armrest. When fully inflated these air bags are about the size of a plastic grocery bag filled with air. These air bags protect your chest.
Seat-mounted systemsSeat-mounted air bags come out through the side of the seat back cushion closest to the door. Some air bags will inflate to the size of a small cushion, while others can inflate to the size of a large pillow. The smaller air bags protect your chest, while the larger ones protect your chest and head.

No comments: