The Honda Racing Team had its beginnings back in 1963 with a very significant breakthrough as the team’s early success unveiled the potential of the machines they were developing as well as the talent shown by the American drivers.
If we go back in time through Honda’s history there have been several car models used; some of which have and have not brought triumphs to the team among these we can mention the first of its kind the RA271 (1962) which placed the team at the podium step at the Mexican Grand Prix of 1965. This one was followed by the RA273 but its chassis was relatively heavy; therefore the experts came up with the Honda RA300 which received the nickname “Hondola" by the media due to being partly designed in the United Kingdom. Another model which was used following its predecessor was the RA301. By this time, Honda had total supremacy of the Grand Prix era.
Subsequently to the years of absence from the racing world Honda took a turn to return and re-enter the Formula One territory as an engine supplier for big names such as: McLaren, Lotus, Williams for more less a decade (1983 to 1992). Many stated Honda’s equipment was a solid winning formula to get a championship. Then more recently in 2005 Honda emerged as a new racing force under the name Honda Racing F1 Team with their latest model RA806 which unfortunately did not excel the expectations throughout the season.
For the 2007 season Honda tried a different strategy introducing the RA107 which was suppose to be an environment-friendly machine but its flaws were countless starting with aerodynamic problems besides the lack of speed and pace. These facts made both drivers Britton Jenson Buttona and Brazilian Rubens Barrichello struggle to remain within the top ten.
For this 2008 season the Honda team is ready to put behind all sorts of disappointments by introducing the new model RA108 which was presented and tested just last week in Valencia, Spain. Their main purpose is to keep progressing on the environment pollution-free idea which they assure has marked most of the designs and improvements.
"This year we've concentrated on making the down force as useable as possible. Doing this will have all sorts of effects. The car will slide less, that will save tyres, and that makes a big difference" said New team principal Ross Brawn. There are great expectations for the season to come but only as the cars start racing and gaining points in the world rankings we will know how good the new invention is.
The Cheapest New Car
So, you just negotiated a good deal on a new car, you did all your research and you knew what the dealer cost was and even got the rebate allowing you to buy the car well back of invoice. You beat that salesman up pretty good and you are feeling pretty good while waiting to go into the finance office to sign your papers. This is where many people let their guard down and where many people get taken. Hey, the industry insiders don't call it the "hot box" for nothing!
That's right, having been in the industry for many years I can tell you that is the truth and there is a lot of money made in that office. For many dealerships half of their revenue is made on the "backend" of the deal by charging higher rates than the rate they can get and selling you products you don't need like extra insurance, warranties, and rust protection.
According to a recent study there is a one out of four chance that finance manager will take you for a ride and you will end up paying way more than you should for that new car especially if you are a woman or a minority. You could end up with payments $30 to $50 higher than they should be and give the dealership thousands in additional profit.
Watch out for the manager trying to point out inconsequential discrepancies in your credit report to try to justify the higher interest rate. You should know what you are qualified for before going in there; make that part of your research.
The mechanics of how financing work at a dealership goes as follows: The dealer submits your information along with the buyers order to lenders who then give the dealer what is called a "buy rate" which is the rate the dealer has to pay. Anything they make above this is profit for the dealer.
There are many states that have set limits on how high an interest rate can be charged for a loan but there is no disclosure to show what the bank's original offer was. If some new laws making disclosure mandatory it would put an end to this mark up.
The best way to avoid this is to be prepared by shopping with your bank or credit union for financing and get pre-approved by them. This doesn't obligate you but it does equip you to deal better with the finance people at the dealership. If you know exactly what the best rate is that you can get as well as what your payments should be then you just see if they can do better, sometimes they can. Banks sometimes give dealers lower rates because of the large volume of business they do.
Both Claudia Beckford & Gregg Hall are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Claudia Beckford has sinced written about articles on various topics from Recreation and Sports, Football and Soccer. Claudia Beckford provides outstanding and current content to sports enthusiast in the industry. Feel free to reprint this article i. Claudia Beckford's top article generates over 18100 views. to your Favourites.
Gregg Hall has sinced written about articles on various topics from Lingerie, Desserts and Mortgage. Gregg Hall is a business consultant and author for many online and offline businesses and lives in Navarre Florida with his 16 year old son. Get
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