In a study carried out by AA Personal Loans, the percentage of those wanting to get a compact vehicle that will not put too much pressure on their finances to run has surged by some 43 per cent. The company claims that such desires come as fuel prices have surpassed the 1 pound per litre mark. However, with such costs predicted to rise even further, more people could find that petrol expenses will strain other areas of spending related to their automobile, for instance getting repairs done or paying back the loan taken to fund the purchase of the vehicle in the first place.
The research showed that the proportion of Britons intending to get a super mini car, such as a Renault Clio or Nissan Micra, has risen dramatically over the course of 2007 to currently stand at just under 15 per cent. Meanwhile, a fifth of those between the ages of 45 and 54 state that they want to purchase such a vehicle. Findings from the financial services firm also revealed that people from Yorkshire are most willing to buy this type of automobile.
On the other hand, the level of those considering getting a 4x4 vehicle has decreased from nine per cent down to four per cent since January last year. However, Londoners seem to be more willing to purchase this type of automobile as five per cent of people from the capital state they are prepared to buy such a car.
Research from the firm also revealed that over a quarter (28 per cent) of motorists place low running costs as the second most important factor when getting a car, the purchase of which could be financed through a personal loan. Meanwhile, mechanical reliability was cited by 32 per cent of respondents as the most crucial consideration.
Mark Huggins, managing director of AA Personal Loans, said: "Our research shows that Britons are putting practicality and cost first. The environmental impact, running costs and practicality appear to be growing concerns, although Londoners appear to be bucking the trend despite dealing with more congested roads. About a third of those opting to buy a car in the next year will take out a loan or other finance to fund their purchase."
He added that although interest rates attached to such products have been rising, the loan market "remains competitive". As a result, Mr Huggins advised motorists to take the time to ensure that they get the best finance deal possible, whether this is via a cheap loan or otherwise, when purchasing a car.
In turn, those looking for an effective way to buy a vehicle may wish to consider applying for a personal loan, as such a move can prove to be cheaper than choosing a car showroom finance deal. Earlier this year, a study by Sainsbury's Car Loans revealed that 5.35 million Britons are aim to buy a second-hand car in the six months leading up to February 2008, spending an average of 4,648 pounds. With about a fifth of these purchases due to be funded through a loan, Steven Baillie, head of Sainsbury's Loans, advised prospective buyers to ensure they take the time to get the best finance deal possible.
Globalization has helped improve the standards of living but at the same time it has also brought with it a tremendous thirst for energy, and oil has emerged as the most dominant source of energy. Would you like to know why? Rapidly improving living standards, people want access to all the basic amenities in the world for themselves and their families such as water to drink, electricity for lights, good roads for transportation and oil is no exception. But one thing that we constantly forget is the fact that oil resources are non-renewable in nature and hence once they are used, they cannot be replenished. As our energy requirements keep on increasing on a daily basis, the oil resources are also depleting in a similar manner. So the impetus should be on developing the alternative sources of energy that are not only clean and renewable but at the same time are also environment-friendly.
Because of the rapid increase in global warming, it has become extremely necessary to develop and encourage the renewable and environment-friendly technologies. To this effect we have heard about harnessing the tidal energy, the solar energy and not to forget, the abundant wind energy. To this effect, there has been a New breakthrough in the development of clean energy and the subject of concern is the usage of water for developing hydrogen-powered technologies for the automobiles. One might wonder as to how water powered cars would run. Well, the fact is 75% of the earthâ?™s surface is water and a majority of that volume is sea water. And we all know the abundance of sea water, the new technology that has been developed harnesses the power of water.
This book "Water N2 Gas" puts forth the concept of water powered cars and explains the process to run your car on water in a very simple basic step by step manner which would not only help you get to the basics of the hho gas and water technology but will also enable you to be aware of the reliable energy alternative that can be used day-in day-out in our regular lives. It also features low cost parts and pictures for the readers to understand in detail the whole process in their minds. â'œA simple processâ? as mentioned in the book goes, Firstly, we should understand the chemical compound - water (H2O). Water consists of 2 hydrogen atoms as well as 1 oxygen atom. Some close compounds that are highly flammable are hydrogen (H2), Oxyhydrogen (HHO) et cetera. Upon research, it has been found that converting water into hydrogen as well as oxyhydrogen is actually very common in industries. However, this method is rarely being used in car. The process of converting water into hydrogen and oxygen is achieved by using the electricity in the car battery to make the water to undergo electrolysis and convert water into hydrogen or oxyhydrogen gas, which can be used as alternative fuel for cars. Then, some modifications are made on the car engine to divert to flammable gas and mix the gas with fuel or gasoline. Therefore, the flammable gas actually provides additional energy and act as an additional alternative fuel for cars. Indirectly, they are actually making hybrid cars that run on water. This process is very easy and can be done at a minimal cost of about $150.â? So in essence, we get to know about the development of water cars. Now considering the skyrocketing gasoline prices and the consequent environmental implications, $150 is a piece of cake. Not only will this book help us in reducing our daily running costs of our gas guzzling automobiles by half but it will also arm us with enough goodies to pay back Mother Nature because if not now, then when? If not us, then who?
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