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.

Wednesday, October 10, 2007

History of Lotus Team

The Lotus Engineering company was founded by Anthony Colin Bruce Chapman on 1st January 1952, as a direct result of his success in building and racing trials cars. The company, based at Ketteringham Hall, Norfolk, has flourished over the years and is taking part in its 36th year of Grand Prix racing.

Although Team Lotus now competes solely in Formula One, there are few circuit formulae that the team has not dominated in past years. In the 1950s, Lotus sports cars dominated their class in the classic Le Mans 24-Hour race, while in the mid-1960s the USA's famous Indianapolis 500 race became another prize to fall to the team, along with three Grand Prix Constructor's World Championships. In the 1970s Team Lotus continued their winning ways, collecting another four Constructor's World Championships, the last with the revolutionary Type 79.

Colin Chapman had a profound influence in the design of the Grand Prix car in post war years, with Lotus initiating development programmes which led to innovative cars with features such as monocoque construction, four wheel drive, ground effect technology and Active Suspension. Lotus initiated the introduction of commercial sponsorship into Formula One in 1968 with its pioneering involvement wth Imperial Tobacco.

1958 Lotus entered first Grand Prix - Monaco
1960 First Formula One victory - Stirling Moss, Monaco
1961 2nd - World Manufacturer's ChampionshipFirst Team Lotus victory - Innes Ireland, US GP Watkins Glen
1962 2nd - World Manufacturer's Championship
1963 1st - World Driver's Championship - Jim Clark1st - World Manufacturer's Championship (first title)Jim Clark & Team Lotus came 2nd in the Indianapolis 500 at their first attempt in the race
1965 1st - World Driver's Championship - Jim Clark1st - World Manufacturer's Championship (second title)1st - Indianapolis 500 - Jim ClarkLotus Type 38 is first British car to win Indianapolis 500
1968 1st - World Driver's Championship - Graham Hill1st - World Manufacturer's Championship (third title)
1970 1st - World Driver's Championship - Jochen Rindt1st - World Manufacturer's Championship (fourth title)
1972 1st - World Driver's Championship - Emerson Fittipaldi1st - World Manufacturer's Championship (fifth title)
1973 1st - World Manufacturer's Championship (sixth title)
1978 1st - World Driver's Championship - Mario Andretti1st - World Manufacturer's Championship (seventh title)
1982 Tragic death of Colin Chapman coincides with Team Lotus' first test of its Active Suspension car. New management headed by Peter Warr takes over running of the team.
1983 Lotus races Active Suspension car.
1985 Ayrton Senna wins his first GP in Portugal, followed by a second win at Belgium.
1987 Lotus starts racing with the Active Suspension system and Senna wins two Grands Prix, in Monaco and the USA (the team's 79th GP victory).
1990 Peter Collins and Peter Wright take over the running of Team Lotus on 7th December. The team finish 9th in the FIA Constructors' World Championship.
1991 The reformed team uses a substantially modified version of the 1990 Type 102 - the Judd EV powered 102B. Debut of Mika Hakkinen, taking 5th place at San Marino.
1992 The team started the season with a new version of the Type 102B - the 102D with the Ford F1 V8 engine - in which Herbert and Hakkinen scored points early in the season.
The all new Type 107, designed by Chris Murphy, was announced in Spain and first raced at Imola. Lotus finished in a strong 5th place in the FIA Constructors' World Championship with 13 points.
1993 Johnny Herbert and Alessandro Zanardi took Team Lotus to 6th place in the FIA Constructors' World Championship, driving the Ford powered Type 107B. The injuries Alessandro sustained after his accident at Spa rendered him unable to compete in the last four Grands Prix, where he was replaced by Formula 3000 Championship runner-up, Portugal's Pedro Lamy.
1994 Johnny and Pedro start the season driving the Type 107C, which has been designed to incorporate the Mugen-Honda engine, prior to the debut of the Type 109. Alessandro Zanardi is retained as test and development driver.

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