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

History of Lotus (1950s)


Colin Chapman (1928 - 1981), started his business as a racing car tuner. When he was still studying engineering in university, he bought an old Austin 7 and tuned it to race. Perhaps he was a man born to win, his first attempt rewarded by winning a few small races. In 1951, while he had graduated, his third car, Mk 3, stormed the 750cc formula class. Unlike other cars in this class, it used spaceframe tubes in construction so that rigidity and lightness out-performed others. Many other teams queued to buy this car and the Lotus Engineering Company was established in 1952. Since then Chapman began his full time automotive engineering career.
Obviously, Chapman is a pure racing car engineer heart and bone. To fund his ambitious racing project, he started building road cars. In 1957, the Mk 6 race car was transformed to the first-ever Lotus road car - Mk 7. The car is renowned for lightness and good handling. It is still building by Caterham today under license. At the same year he unveiled the Elite which employed a revolutionary composite monocoque body.

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