Category: Car

Car Accident Aftermath Economic Costs And Legal Consequences

Car

The US Department of Transportation said that car accident is one of the leading preventable causes of death in the country, killing at least 43,000 people every year.

With the seriousness of car accident aftermath, many studies have focused in finding the causes and trends about this preventable accident.

Some remarkable findings about car accidents conducted by the Fatality Analysis Reporting System in 2007:

Thirty-two percent of deaths involving car crashes was caused by drunk driving.
The occupant fatality rate decreased by 8.5 percent compared to the previous year.
Twelve midnight to 3 am is the period when most car accidents occurred.

Economic Costs (based on the study made by motorist advocacy group AAA)

Each year, car accidents cost each American more than $1,000 (the cost includes police service, lost of productivity, property damage, medical expenses, emergency service, and loss of lives).
Auto accident is two-and-a-half more expensive than traffic jams in the country. According to the advocacy group, road congestion costs around $67.6 billion every year, or $430 for each individual.
People living in urban areas with a population of more than 3 million pay two times the cost of traffic jams for car accidents.
People living in small towns with a population of less than 500,000 pay seven times the cost of traffic congestion.

Legal Consequences of Car Accidents

If a driver hit a pedestrian and did not stop, it is considered to be a criminal offense.
In the US, personal injury claims is the most common type of tort law that will allow victims to be rightfully compensated.
Some states administer the suspension of a drivers who has violated the traffic rules.
In some states like South Carolina, all traffic violations have been criminalized.
Some states have its criminal law separate from its traffic law.

Some Common Causes of Car Accidents

Using mobile phone while driving. In California alone, nearly 4,700 car accidents involved cell phone use behind the wheel, resulting to 30 deaths and 2,800 injured every year.
Road design. According to a study, nearly 30 percent of car accidents are caused by poor roadway design.
The vehicles design and its condition. According to a study, SUVs are prone to rollover crash with its higher center of gravity. Some vehicles which are vulnerable to rollover are: Isuzu Trooper, Suzuki Samurai, Ford E-series, Ford Bronco II, Mitsubishi Pajero and Montero, and Jeep CJ.
Poor vehicle maintenance. Breaks and tires which are in a bad condition are one of the most common causes of road accidents worldwide.
Driving above or below the average speed. According to the US Department of Transportation, driving below the average speed makes people more vulnerable to accident than driving above the speed limit (this finding contradicts the common belief that slow drivers are safer).
Driving under the influence of alcohol. This substance is proven to diminish a persons reflexes and decision-making skills, making him prone to road accidents.
Heavy rain or snow. Bad weather condition also accounted for many car crashes in the country.
Reckless driving.

Modify Your Car In Reasonable Prices

Car

Having a stylish, luxurious and modified car is always been in the fashion and its a style statement too. Most of the young drivers are fad for modified cars. Whether they have a new car or a used car it doesnt matter to the owner and to the designer, because after modification you will get a totally different car. In most of the metropolitan cities especially in Mumbai and Delhi the trend of modified car is n high demand for the past few years. You can re paint your car with different shades and you can make several kinds of design over it such as Scorpio and dragons as these kinds of designs are most popular in Japan and they often use these design in tattoos also.

Then after this you can attach several other things also such as in your bonnets you can attach its skirts also. It gives your car much better look and the length of the car also seems to be increased. You can modify your car in two ways one is modify its exterior parts and second modify its interior parts. In its interior parts you have more options such as for exterior modification you have several accessories, music systems, movies displays, then stylish steering etc. Most of the young drivers who cannot afford new cars but they are crazy to drive stylish car often modify their cars. Its a passion for youngsters.

In metropolitan cities you can get such designers easily. But in other remote areas it is almost impossible. So if you are intending to modify your car just go ahead and find out a modifier and get your car designed in a totally new style. But before hiring a modifier always confirm the cargoes because at times professional modifiers who have earned good name in the cities charge excessive amounts. So to find out a modifier just search on web as there may be you get some addresses. Just type the name of the place like, modifier of used cars in Chennai and profession car modifier in Hyderabad etc.

How Does Floor Plan Financing Work For Car Dealerships

Car

Floor plan financing is a key element of the auto industry in both Canada and the United States . Exactly what is floor plan financing and how does it work?

This type of financing is in effect a short term inventory financing for both new and used car dealerships . Traditionally the floor plan industry was geared towards what we know as franchise dealers, i.e those dealers representing product for the likes of GM, CHRYSLER, FORD, etc .

The financing allows the dealers to carry sufficient inventory to satisfy customer needs and demands re model types, accessories, options, etc . It is an extremely large market in what is of course a multi billion dollar industry .

When floor planning financing works properly it is effective, has a reasonable cost attached to the financing, and is totally transparent to the consumer . As consumers when we drive past auto dealerships, either new or used, we don’t care how the inventory got there, we just know its there for us to examine and purchase .

Floor plan financing is executed on both a small and large basis . It is not unusual for finance firms to use more esoteric finance vehicles such as asset backed commercial paper, Special Investment Vehicles ( commonly called SIV’s ) etc. to finance the billions of dollars of inventory that the industry needs to move product through .

Naturally, whether we are talking about the largest GM dealer in town, or a small used car dealership with multi lines of vehicles there has to be a finance program that can grow and backstop that inventory .

In the Canadian marketplace as an example, with which this writer is more familiar , the independent dealers have as much need as franchise dealers for this valuable type of financing .

We have all read recently that many of the tier one floor plan firms such as GMAC and CHRYSLER CREDIT have withdrawn substantially from the market . This has allowed a number of private firms to enter the market and capitalize on the withdrawal of the ‘ big boys ‘ . Additionally, as the banks perceived the auto market as significantly more risky in the current 2008-2010 economic turmoil they also have scaled bank in their previous focus on floor plan financing for car dealerships .

Finance firms that execute well on floor plan financing initiatives are those that of course properly funded ; they also know how to collateralize the inventory through proper legal documentation and registration. The average term for a car being on the auto lot tends to be within 30-90 days . The floor plan financier registers liens on the vehicle, and when the vehicle is sold that lien is removed . The finance firm of course profits from the ability to charge the dealership interest over that 30-90 day period . Naturally this process repeats itself continuously . Lenders must have reasonable confidence in the financial viability of the dealer, more experienced and financially solvent dealers can naturally command larger floor planning facilities . Dealers also are subject to rigorous audits of the inventory . The lender wants to know the car is still there and hasn’t been sold and not paid for of course! Therefore VIN ( vehicle identification numbers ) are checked regularly by finance company personnel , insurance is validated, and random inspections are common

Overall the auto floor plan facility is a key aspect of the automotive market , and is a significant benefit to both new an car dealers alike .

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Why You Need The Best Charlotte Car Accident Attorney

Car

If you have been involved in a car accident, after your receive medical attention; hiring a car accident attorney should be your top priority. You need to consult with an attorney, even if you seem to be uninjured. A personal injury lawyer will be invaluable help when you need to file insurance claims.

Additionally, you will have someone to represent you that can do all the legal heavy lifting while you concentrate on recovering from any injuries you might have suffered as a result of the accident. Accident victims often fail to understand that insurance companies, even their own, are determined to pay as little as possible for every claim.

Trust the expert
Car accident attorneys understand the life-long implications if you do not receive proper compensation for any and all losses that you incur as a result of the accident. This includes:

omedical bills
ocontinuing therapy
ocar repairs
opast and future earning lost

It is psychologically and physically stressful to try and handle all of the legal details when you are up against trained professionals who are determined to save the company profits at your expense. This is why you need the services of an expert.

The best personal injury attorney in Charlotte will know the right procedure(s) when filing insurance claims. Your auto accident attorney is a skilled negotiator on your behalf. If he or she cannot get you the best deal in terms of compensation, you can be assured that they will fight for you in court.

Recognizing the best car accident lawyer
Regardless of the type of accident, you will need a firm who has extensive experience in personal injury cases. Look for a firm that has several decades of experience with a track record of winning cases for their clients.

Ask your prospective attorney about the possibility of going to trial. The best attorneys are ready and willing to fight it out in court. Be mindful that there are many less-skilled attorneys that are content to settle your case. They will most likely negotiate a lower amount even if it is not in your best interest.

Speak with one of the top accident attorneys in Charlotte, NC
Hire your personal injury attorney as soon as possible after the accident. This way, your attorney can immediately get to work filing for personal injury claims, lost wages and medical expenses. Never agree on a settlement with the insurance company without talking to your attorney. Even if you are not sure that you have a case, you have nothing to lose by seeking advice from a car accident injury attorney.

New Car Offers In India What All Can You Get

Car

One industry which stays undisturbed even during recession is the automobile market. Rising inflation may have made it difficult for people to buy cars, but car manufacturers are determined at making cars more affordable for an average customer. Rising prices havent affected the car market in any way; in fact, car manufacturers have been consistently dropping their prices while spending a significant capital on upgrading the present variants. One reason why car prices have shown a downward trend even during peak inflation is the cut throat competition.
India is one of the most attractive markets in the world, not only for car manufacturers, but for any industry. Many car manufacturers have set up camp in the country to cash in on the economic boom which has intensified the competition in the industry. To grab a better share of the market, every car manufacturer introduces new car offers in India. The car offers give buyers added incentives for buying a particular make and model. Some of the car offers that you may find on new cars in India are:
Cash discounts: Cash discounts are given on the ex-showroom price of the car which is the price of car without taxes. Cash discounts may start from as low as Rs 5000 and may over Rs 30,000. Car dealers also offer cash discounts on cars in order to attract more customers. While cash discounts from the company are constant, additional discount given by dealers may vary from dealer to dealer.
Loyalty bonus: Loyalty bonus can be availed only when you already own a car of the same manufacturer. Loyalty bonus is much like a cash discount except that you should be an owner of a model from the same manufacturer.
Free accessories: Almost every car manufacturer give car accessories as an incentive for buying their models. Depending on the manufacturer you are dealing with, car accessories will vary from car perfumes to seat covers and MP3 players. The car accessories may also vary with the dealer you are dealing with.
Exchange bonus: In case you are selling your old car while buying a new car, you can avail an exchange bonus and get better rates for your old car. Suppose your old car is valued at Rs 80,000, the amount of the exchange bonus will add on to this value and increase the selling price of your old car.
Extended warranties: Maintenance of the car can be a very big problem. Every car buyer is happy till the time their car is under the manufacturer warranty and there are never charges of repairs. Extended warranties extend the period of the manufacturer warranty on payment of a small fee.
Scratch card: This will depend on your luck. If you are lucky enough, you may get a holiday trip or even a new car with your purchase. The scratch card scheme seldom works.
Insurance/low interest: Car manufacturers may also give free car insurance with your new car. Offering car loans at low interest rates is also a popular offer. Car manufacturers generally enter an agreement with a particular bank which than offers car loans at low interest rates to a customer who buys cars of that manufacturer.

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