Tuesday, June 19, 2007 

Crash Safety: Important For Everyone

All over America there are drivers, pedestrians, bikers, and passengers. And all over the world these people are at risk on the road. Although car manufacturers have tried to make cars safer for when accidents happen and police officers have tried to make less accidents happen by implementing certain laws, there is still a lot of danger in drivingjust watch the evening news! In addition to the more than million individuals killed by car accidents every year, another thirty-eight million people are injured in traffic accidents every year, and out of those thirty eight million injuries, five million of them are very serious and usually critical injuries.

My sister has been hit by a mini-van once as well as an SUV while riding her bike. Not only destroying her bicycle, but also breaking her foot the first time and the second time her leg was injured and her shoulder was badly scraped on the pavement. Both times she paid for her own repairs, because she is too timid a person to demand that the driver at fault take the responsibility to help after having injured her and her only means of transportation. In the United states the National Highway Traffic Safety Administration (NHTSA) has a New Car Assessment Program, (the US-NCAP). However, this program uses very outdated methods for crash testing as well as the fact that it only features automobiles that were built after the year 1994. There is also testing done for the insurance industry, called the Insurance Institute for Highway Safety (IIHS). But, similarly these tests and evaluations only have data available for a few late-model vehicles.

There exists a great amount of ignorance in many of the fifty states when it comes to pedestrian safety. Once I had an SUV almost the size of a hummer miss me by a matter of inches as I crossed the street. The old man in the virtual tank was waiting to make a left turn. I began to walk, because I had a walk signal (and that means that pedestrians can walk across the streetand it also means that cars waiting to turn need to wait for the pedestrians to cross. The implication here is that one must LOOK before he or she turns his or her very popular new enormous vehicle (which promotes both the drivers and passengers safetyand are also able to squash any compact car on the road).

In this situation, it was not like the old man did not see me at first and then saw me at the last second (woops). He did not see me at all. He passed me by completely oblivious. Literally had I taken one more step he would have knocked me to the ground and rolled over me with his four humungous tires.

Do you see how this can be important, that is, say, if you do not want to murder someone or be killed yourself. Heckyou could even be or encourage others to be a little more careful just for the sake of avoiding a simple injury. That is, unless you want to injure or be injured. I guess everyone has personal preferences (and may need to get some help). But seriously, in earnest, everyone should try to be more careful on the road. And my recommendation for pedestrians or bikers . . . I guess they just need to pretend that every car is out to kill them and every driver is blind, because obviously, at least in this state, following the traffic rules simply isnt enough.

 

Common Mistakes Motorcycle Buyers Make When Looking For a Motorcycle Loan

Whether interest rates are high or low or its the end of a model year with lots of incentives, motorcycle buyers tend to make the same mistakes when shopping for a motorcycle loan. Here are four common mistakes motorcycle buyers make with motorcycle loans.

Shopping for a motorcycle before shopping for a motorcycle loan. Many motorcycle buyers enter the showroom looking for a motorcycle before they determine how much money a motorcycle lender is willing to loan to them for the purchase of a motorcycle. There is no need to shop for a $20,000 Harley Davidson motorcycle, if a lender is only willing to provide a loan amount of $10,000.

Additionally, once motorcycle buyers enter the showroom slick salespeople often pressure them into motorcycle loans with much higher internet rates than they could have gotten had they shopped for a motorcycle loan at a bank, credit union or online. Salespeople do not like motorcycle buyers to leave the dealership to get a motorcycle loan. In the salespersons mind this only increases the chance of loosing a sale and commission. Therefore, salespeople frequently try for a quick sale which normally results in pushing motorcycle buyers to get motorcycle financing at the dealership.

The bottom-line is that it is always best to shop for a motorcycle loan before entering the showroom.

Diving into the unknown motorcycle loan. Motorcycle buyers often jump into motorcycle loans that they do not completely understand or may not be the best alternative for them. For instance, in todays age manufacturers frequently run credit card motorcycle loan promotions on their private-label credit cards. But these promotions typically offer a low interest rate for a short term like 12 or 24 months and have a much higher interest rate after the short promotional term. On a credit card promotion if motorcycle buyers can not afford to pay off the loan during the short promotion period, then they are typically better taking a slightly higher interest rate on an installment motorcycle loan for a longer term.

Borrowing too much.

The most common mistake the first time motorcycle buyer makes in not having a clear sense of how much motorcycle they can afford. This is especially true for young motorcycle buyers who look to buy the top sport bikes that cost up to $10,000 - $15,000. What they fail to realize is that financing a $10,000 - $15,000 motorcycle can stretch them to thin, resulting in them having little cash to enjoy themselves and the motorcycling lifestyle. They may also have too little cash to pay for insurance, maintenance, registration or new accessories for their motorcycle.

Not asking the right questions.

The first warning sign that motorcycle buyers should see is that if they do not understand the type of motorcycle loan, then they should be sure to ask a lot of questions.

Here are some good questions to ask:

Is the interest rate fixed or variable? If fixed how long will it be fixed for?

Are there circumstances that can make the interest rate on the motorcycle loan change in the future?

What happens if a payment is 30 days late? Does the interest rate increase?

What happens if a payment is 60 days late? Does the interest rate increase?

How long is the term on the motorcycle loan?

If the loan is an installment loan, does it use rule of 78 or simple interest? (Simple interest is always better because it does not penalize the motorcycle buyer if the loan is paid off early.)

What is the down payment requirement to get the motorcycle loan?

Is full coverage insurance required?

How much is registration and are these fees included in the motorcycle loan?

Are there any administrative fees to get the motorcycle loan and if so how much are the fees?

Overall, motorcycle buyers can avoid these common mistakes by spending a little extra time focusing on shopping for a motorcycle loan and asking lots of questions.

Copyright (c) 2004, by Jay Fran This article may be freely distributed as long as the copyright, author's information and an active live link to http://www.motorcycle-financing-guide.com is published with the article.

A complimentary copy of any newsletter or a link to the site where the article is posted is greatly appreciated.

About me

  • I'm denisedceqtx
  • From New York City, Minnesota
  • I was born in Copenhagen, Denmark. After I graduated from Copenhagen Business School in 2005, I moved to Chicago, USA.
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