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, October 6, 2007

Biography of Colin Chapman


Anthony Colin Bruce Chapman (19 May 1928 - 16 December 1982) was an influential British designer, inventor, and builder in the automotive industry. In 1952 he founded the sports car company Lotus Cars. He studied structural engineering at University College London where he joined the University Air Squadron and learned to fly. After graduating in 1948, he briefly joined the Royal Air Force. His knowledge of the latest aeronautical engineering techniques would prove vital towards achieving the major automotive technical advances he is remembered for. Under his direction, Team Lotus won seven Formula One World Championships, plus the Indianapolis 500 in the United States, between 1962 and 1978. The production side of Lotus Cars has built tens of thousands of relatively affordable, cutting edge sports cars. Lotus is one of but a handful of British performance car builders still in business after the industrial decline of the 1970s. Chapman suffered a heart attack in 1982 and died, aged 54.


In 1948 Chapman started with the Mk1, a modified Austin 7, which he entered privately into local racing events. He named the car "Lotus"; he never confirmed the reason but one (of several) theories is that it was after his then girlfriend (later wife) Hazel, who he nicknamed "Lotus blossom". With prize money won he developed the Lotus Mk2. With continuing success on through the Lotus 6, he began to sell kits of these cars. Over 100 of the Lotus 6 kits were sold through 1956. It was with the Lotus 7 in 1957 that things really took off, and indeed Caterham Cars still manufacture a version of that car today – the Caterham 7; there have been over 90 different Lotus 7 clones, replicas, and derivatives offered to the public by a variety of makers.

In the 1950s, Chapman progressed through the motor racing formulae, designing and building a series of racing cars, sometimes to the point of being in limited production they were so successful and highly sought after, until he arrived in Formula 1. Along with John Cooper, he revolutionised the premier motor sport. Their small, lightweight mid-engined vehicles gave away much in terms of power, but superior handling meant their competing cars often beat the all-conquering front engined Ferraris and Maseratis. Eventually, with legendary driver Jim Clark at the wheel of his race cars, Team Lotus came to appear as though they could win whenever they pleased. With Clark driving the legendary Lotus 25 Team Lotus won its first F1 World Championship in 1963. It was Clark, driving a Lotus 38 at the Indianapolis 500 in 1965, who drove the first ever mid-engined car to victory at the fabled "Brickyard." Certainly, Jim Clark would have won many more races were it not for his untimely death in 1968 while racing a Formula 2 car at Hockenheimring. (The accident was most likely caused by a rear tire failure, though the exact cause has never been known.) Clark and Chapman had become particularly close and Clark's death devastated Chapman, who publicly stated that he had lost his best friend.

Among a number of legendary automotive figures who have been Lotus employees over the years were Mike Costin and Keith Duckworth, founders of Cosworth.

Chapman, who came from relatively humble roots, was also a businessman who introduced major advertising sponsorship into auto racing; beginning the process which changed Formula One from rich gentlemen's pastime, to multi-million pound high technology enterprise. It was Chapman who in 1966 persuaded the Ford Motor Company to sponsor Cosworth's development of what would become the legendary DFV race engine. Shortly before his death he became involved in John De Lorean's De Lorean Motor Company troubled venture to manufacture sports cars in Northern Ireland. The full extent of his involvement has never been proved, but it is believed he would have been investigated for possible complicity in the manipulation of government loans during the development of the De Lorean car. Fred Bushell, Chapman's colleague and close confidante, pleaded guilty in 1992 to "Conspiring with the late Colin Chapman and others to defraud the De Lorean Motor Company" and was sentenced to four years in prison. De Lorean himself was tried on drug-trafficking charges and acquitted.

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