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

Biography of August Horch


August Horch (October 12, 1868 - February 3, 1951) was a German engineer and automobile pioneer, the founder of the manufacturing firm that would become Audi.

He was born in Winningen, Moselle. He was educated in Mittweida.

He worked for Karl Benz from 1896 before founding A. Horch & Cie in November 1899 in Ehrenfeld, Cologne, Germany. The first Horch automobile was built in 1901. The company moved to Reichenbach in 1902 and Zwickau in 1904. Horch left the company in 1909 after a dispute and set up in competition in Zwickau. His new firm was initially called Horch Automobil-Werke GmbH, but following a legal dispute over the Horch name he was oblidged to change the company name. (The court decided that Horch was a registered trademark on behalf of August Horch's former partners and August Horch was not entitled to use it any more.) Consequently, Horch renamed his company to Audi Automobilwerke GmbH in 1910, Audi being the Latinization of Horch.

In August 1928 the Danish engineer Jørgen Skafte Rasmussen of DKW acquired a majority holding in Audiwerke. In June 1932 Audi, DKW, Horch and Wanderer merged to form Auto Union AG, the new company's logo was four interlinked rings, one for each of the founder companies. Horch was on the supervisory board of Auto Union.
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