Nearly every business in the world has been affected by COVID-19. Sales dropped by more than 50% and for some companies, this figure is more. Many companies have to adjust their payroll by reducing work hours, wages deductions, and some even laying off staff. People were left without a job or have their salary reduced. One in four adults have trouble paying their bills and have resorted to dipping into their savings to make ends meet.
While the world is slowly opening up, it now has to face the rise of fuel prices for gas, oil and coal, due to Russia’s invasion of Ukraine. The most affected global commodity markets in the world is the oil market in which Russia is a major force, being the world’s third largest oil produce and exporter. Oil prices have been skyrocketing since the Russian invasion and is straining the global oil market. This is putting the fragile global economic recovery at a greater risk.
Consumers are already starting to spend more money on gas as they are restarting their daily commute back to the office with the lifting of restrictions in many countries. One of the ways to reduce oil consumption is to go green by using more efficient vehicles. Purchasing electric vehicle can help phase out oil consumption as well as reducing green house emissions.
For those who are thinking of making the switch and would like to find out more information about loans and on how to calculate payments, you may use CarPaymentCalculator.net. This website has a range of nifty calculation tools to help you save money when you are searching for your next car and what is the best financing arrangements for you. By using the useful tool, you can estimate how much you are able to spend on a car with down payment or should you decide to trade-in. You will also get to know how much your monthly payment is and whether or not it fits your budget, as well as how much interest rate you will be paying.
When you have worked out a price range for the vehicle and got to know what kind of loan meets your needs, you will have more control in the buying process when you pay a visit to the dealership. Besides this, there are additional calculators available such as MPG (Miles Per Gallon) that helps to forecast how much gasoline expenses that you would be spending a month or a year. There are also many resources that you can read up to help you navigate through life’s financial journey.
While you are at this website, don’t forget to try out some fun driving games for free such as racing games, bike cruising to obstacle types. I enjoyed playing the Car Lightning Speed Game.