Archive for December, 2010

Motorcycle Helmets: The Statistics

December 30th, 2010


When you go for a ride on your motorcycle, you’re out to have fun. And hey, you’ve never had a crash before, so why would it happen now? Here are the government statistics about motorcycle helmets.

A brief history of the Law

In 1967, the US federal government said that it would take away funding from any state that didn’t have a helmet law. By 1975, 47 states had complied with the federal government. However, in 1976, they repealed the law, ruling it unconstitutional. Most states softened their helmet laws.

Kentucky and Louisiana

In the late 1990s, Kentucky and Louisiana repealed their helmet laws. While the helmet laws were in effect, nearly 100% of the people wore their helmets. When the laws came off the books, it fell to only half of people wearing helmets. The rate of fatalities per number of registered motorcycles rose 37% in Kentucky, and it rose a staggering 74% in Louisiana.

Don’t mess with Texas

Similarly to Kentucky and Louisiana, Texas took its helmet law off the books in 1997 for riders 21 or older who have insurance or training. Helmet use dropped from 96% to 66%, and motorcycle related deaths went up 1/3rd. This means that the death rates corresponds almost directly to the proportion of people who do not wear helmets.

Florida’s Example

Florida repealed its helmet law in 2000. From 1997-1999 (three years while the law was in place) 515 motorcycle riders were killed in crashes; 48 of those deaths were people not wearing helmets. From 2001-2003 (three years after the law was created) there were 933 motorcycle riders killed in crashes; 566 of these were not wearing their helmet.

What we can learn from this is that more people die when helmet use becomes optional. There were roughly 400 deaths in each three year period of people who wear helmets. However, the rate of people who died not wearing helmets went up more than 10 times. This is not coincidental.

Helmet Law Defense League

The Helmet Law Defense League is a group of people who lobby against laws requiring the use of helmets. They claim that it anti-constitutional to force people to wear helmets. They also argue that the word “helmet” is too vague.

Bells and Whistles

Even if you don’t choose to wear a motorcycle helmet for safety reasons, there are other reasons. The face guard allows you to see more clearly and prevents damage to your eyes when you go at high speeds. It also offers ear protection. Some helmets can be equipped with intercoms so you can communicate with your friends while you’re on your bike.

The Source

The mortality rate statistics are taken directly from The National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety. The figures can be accessed through their annual reports, and some are available on their websites.

By: Andrew Dillan

About the Author:
For information on how to get a loan to purchase a motorcycle or other vehicle, visit The Guide to Car Loans [http://www.theguideto-carloans.com/motorcycle_loans].



Low Interest Vehicle Loan – Getting Approved after Repossession

December 30th, 2010


Getting approved for a vehicle loan immediately following a
repossession is possible. However, your odds of receiving a good interest rate are
slim. Credit plays a huge role in determining the interest rate on
automobiles, loans, mortgages, etc. If you have a major credit blemish, low
interest rates are less attainable. Here are a few tips to help you get
approved for a low rate vehicle loan.

Increase Your Credit Score Before Applying for Loan

If your credit score is extremely low, applying for a vehicle loan
following a repossession is not the smartest move. Of course, cars are
practically a necessity. If you are unable to pay for a new or used car
with cash, your only option is financing the vehicle. If possible, wait at
least six months after a repossession before financing a car.

During this wait period, attempt to improve your credit. When a
creditor reviews your credit report and notices a repossession, they will
either deny your application or give you a ridiculously high APR.

To reduce the chances of this occurring, try and open new credit
accounts. Next, maintain these accounts. Pay monthly minimums on time. The
effort you put forth will reflect in your credit report. As you establish
a great payment history, your score will increase.

Carefully Select Vehicle Loan Lenders

When choosing a lender for your new or used vehicle loan, do not accept
the very first offer you receive. In order to get the lowest rate
following a repossession, you must received quotes from several lenders.

Sub prime auto loan lenders are your best option. These lenders give
loans to people with poor credit. In some instances, the interest rate
offered by these lenders is surprisingly low. To obtain quotes, submit
online applications. This method is the easiest and fastest.

After receiving quotes from various lenders, compare their offers and
terms. If you are not a good candidate for a low interest auto loan, you
may have to settle on a higher percentage auto loan. After six months,
refinance the loan for a lower rate.

By: Carrie Reeder

About the Author:
See my recommended Bad Credit Car Loan companies.

Carrie Reeder is the owner of ABC Loan Guide.



Taking the Advantages of Military Motorcycle Loans

December 29th, 2010


There are many advantages of owning and using a motorcycle. It has superb gas mileage, is easier to drive in rush hour, very easy to park, while not forgetting the inexpensive maintenance cost. Considering such attributes makes purchasing a motorcycle a good idea. There are a number of financing options available to the military personnel.

Military personnel are often given financial consideration as a gesture of gratitude and appreciation for their service to the nation. Contracting a loan for them is no difficult. Many lending institutions provide loans for military personnel. These include local banks, military credit unions and online motorcycle financing companies. Many often overlook the latter. However, many online banks have the best rates and terms and no application fees. Their system is also convenient and time saving. Moreover, the loan application is processed in less than fifteen minutes.

If you are aged between 18 and 19, and you wish to obtain a motor cycle loan then note the following factors. First, you need to have a credit history. This shall be the first criteria that a lending institution will want to know about. Try to acquire a credit card six months prior to applying for the loan. Purchase items using your credit card, and by the time you apply for the loan, you will have a good credit history which will impress the financial institutions. However, do not forget to pay your credit card debt as your credibility depends on your consistency.

You will need to identify the motorcycle you want before you apply for the loan. Getting one that fits within the loan amount is a good option. Some lenders ask for the vehicle identification number, mileage of the motorcycle and a sales agreement with the price list options. You also ought to arm yourself with statements from your credit card company. Credit statements come easy and are even available online.

Military Motorcycle Loans rates are quite favorable. However, they also depend on your credit rating. If you have good ratings, you get good rates. That does not mean those with bad credit ratings do not get motorcycle loans, no. There are financing options available for those with bad credit rating also.

When it comes to applying for the loan, make sure your address is correct to ease communication, especially if you have or will move places. Submitting more than one application provides options from which to compare. You are able to choose the financier who suits you best. Paying a down payment for the motorcycle also puts you in a favorable position with the finance company.

So, are you in the military? You can take advantage of these favorable conditions to acquire a loan that will enable you to purchase the motorcycle of your choice.

By: Edison Nathan

About the Author:
The author had be writing on article related to loan, He also write on other kid topics such as telescopes for kids and sleeping bags for girls