Archive for July, 2009
Car Loans Vs The Credit Crunch
Car loans are the way to overcome that credit crunch if you are looking for a car.
The credit crunch may have taken away the individuals consumers ability to spend large sums of money at once but alternative finance options with car loans are enabling consumers to obtain the cars they want.
That is definitely the way that some car manufacturers have read the situation anyway. A prime example of this being the new Spyker four ndash;seater SUV super car.
A 500bph fourseater SUV super car costing around pound;185000 might not be a great example of an affordable car for the average man or woman but the theory is still the same. Car manufacturers are still producing the cars they were set to produce and consumers although purchases have gone down for those not on finance are still buying the cars they want through car loans.
A car loan can be split over as many or as few months as agreed with the car loan lender. This means that monthly payments are organised with an interest rate agreed on the loan. Cars are an expensive item at the best of economic climates let alone when the country is in a recession.
The car market has received in terms of car sales but there has however been an increase in the cars purchased through financial loans to consumers; Mintel 2008
The Mintel reports fail to consider the implications the financial market has on the lenders themselves. Banks have begun to tighten the purse strings and are not willing to lend to consumers that they deem have higher risk factors when it comes to repayments. This will affect car loans as a car loan will not be given if the lender does not think that the loan will be repaid at the rate agreed.
To counter act this some lenders have increased their interest rates this has a deterrent to those who do not wish to have such a high interest loan and also this means that repayments made on loans are of a larger sum than a lower interest loan for example.
An economic downturn can be perpetuated through these increased interest rates as lenders may prefer to lend to those who can afford the higher interest but it could also harm the ability of some consumers to keep up with repayments.
Nissan 370Z Roadster
Chevrolet Camaro
Mercedes EClass Coupe
VW Passat Bluemotion 2
These are just four cars to be released early into the New Year. With companies such as Nissan Chevrolet Mercedes and VW all continuing to spend on new product development the consumer could be forgiven to think the credit crunch isnt affecting the car market.
As stated research displays there has been an effect but its down to the consumer in order to make sure that they explore the avenues such as car loans in order to ride out the credit crunch. The larger car manufacturers are looking to increase their market share in these harder times so prices should drop. Consumers could be set in a strong position to take advantage of car values.
About the writer: Visitcars
Car Insurance Requirements For Louisville
When shopping around for Louisville car insurance it can be helpful to know the required amount of auto insurance for the Louisville area. Kentucky laws says that you should at the very least have liability coverage in the form of 25/50/10 this is the form youll see liability coverage written in when you shop for car insurance in Louisville. Liability coverage does not cover your expenses but the expenses of those around you. Furthermore it only applies if you are found to be the guilty party in an accident.
What do the aforementioned three numbers stand for? You must have at least 25000 in bodily injury liability for one person 50000 in bodily injury liability for all people and 10000 in property damage liability for all people in a single car accident. Bodily injury liability pays the medical bills of others in the unfortunate event of an accident and property damage liability pays for the cost to repair or replace other peoples cars. Property damage liability also applies to fixed property such as telephone polls or fences.
Is it okay to only have the 25/50/10 in liability coverage? Unless you think that your income or your assets can pay for damages that you are liable for in the future you can afford to stay close the minimum. Regardless it is recommended that you have around 100/300.50 in liability coverage according to insure.com
There are of course other types of insurances to consider aside from the required liability coverage. This would include collision comprehensive uninsured/underinsure GAP and PIP.
About the writer: Nick a car insurance enthusiast has a more detailed Louisville Car Insurance Guide.
Carbon Fiber Hoods: Long Lasting And Benefits Your Car
Are you looking for information on carbon fiber hoods? It’s now clear that sports car enthusiasts are completely in love with carbon fiber while everyone else is only just now learning about this extraordinary material. You may have heard of carbon fiber because of the famous carbon fiber hoods that has swept the feet off of car enthusiasts across the country. Carbon fiber is not being used on multiple interior car parts because it has proven quite effective in those endeavors. Surprisingly though most people are buying carbon fiber products without really having any idea as to what it is. Well the mystery is about to be cleared!
50 years ago carbon fiber was developed and found a place in the aerospace and military worlds. At the time the material was very expensive so only those 2 industries could afford it. It is only recently that carbon fiber became cheap enough to use it for those amazing carbon fiber hoods. That’s why carbon fiber is now more highly utilized in other fields.
There are 2 processes for carbon fiber production. They are the “wet layup” and “preimpregnated layup” procedures. Homemade carbon fiber producers prefer the “wet” because it is inexpensive and requires less labor. Dry fibers are first fitted onto the bottom of molds. Then resin tops of the fibers and spread with a brush to evenly distribute it. The resin is layered on until the thickness goal is reached. If done incorrectly the fibers will be overly filled with resin which will add too much weight which harms the strength and stiffness of the end product. Sometimes some pieces of “wet” carbon fiber are deformed because some sections have too much resin whereas others are too thin.
For more consistent results the “preimpregnated layup” procedure is preferable. People have been working for the last 20 years to perfect it so that good carbon fiber can be consistently made. In the factory fibers are filled with resin before they are rolled up. Then action is taken to freeze them so that the curing process is ceased. Usually the “impregnated” end products are 20 to 30 stronger versus the “wet” carbon fiber. There are 2 options to curing “impregnated” carbon fiber. First you can put a roll into a vacuum bag compaction and then shove the bag into an oven to bake. The resin will become solid “glass” afterwards. Or you can seal the roll into a vacuum bag compaction with an autoclave before baking it under a pressure cooker set between 250 to 350 degrees.
Car manufacturers took notice of carbon fiber during the 1970s. In 1977 Ford made a vehicle entirely composed of carbon fiber composites carbon fiber hoods. During the 1990s GM constructed a concept car from carbon fiber and guess what? It ran 100 miles for every gallon of fuel. Overall carbon fiber cars weigh less more inexpensive and are highly fuelefficient. It was only recently that the possibility of carbon fiber cars was attainable because carbon fiber was approximately 100 per pound when it was first invented. Back then steel only cost 40 cents per pound. Now the price has been significantly reduced to the 5 to 10 range and many other industries are jumping on board wanting to make use of it. Automobile enthusiasts love the gorgeous finish of carbon fiber hoods but there are many practical reasons for purchasing carbon fiber products as well.
So in the future when you’re perusing carbon fiber hoods or another carbon fiber product do your research before you finalize a purchase. Check out your online auto parts dealer for more information on the latest styles for your car.
About the writer:nbsp;nbsp;Andy’s Auto Sport has the hottest and most stylish selections of Carbon Fiber Hoods. Click here for all of the latest styles:http://www.andysautosport.com/carbon_fiber_hoods.html