The Best Car Finance Blog In The World

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I am often asked how the lease rates on some cars can be so low compared to the cost of the car? Take for example the deal we had last year on the VW Passat CC (their new 4 door coupe). If you had taken the car on a 2 year lease you would have paid the equivalent of 26 payments x £229.99 + VAT. That’s a total of £7,175 on a car that cost around Read more »

Whilst I hear many a complaint in the pubs and bars about the fact that you aren’t charged the half percent bank base rate interest when you take a loan or HP, most people understand the reason why. If lenders were to charge half a percent interest they would soon go bust as that wouldn’t cover the cost of the documents let alone all the other costs Read more »

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Been a busy week for me this week, had a board meeting of the NACFB, of which I’m a director on Tuesday 28^th followed by a lovely dinner, hosted by an old friend of the association, Bob Lefroy, editor of Business Money. This all took place at the Birmingham NEC Hilton Metropole and what a hotel that is. Amazing in size and activity. Add in a Neil Read more »

None of us particularly likes to deal with finance, except me of course but then I’m a bit nuts! But finance is like a critical ingredient in a delicious cake. Get it right, choose the right ingredient used in the correct way and magic happens. Get it wrong and all that time and effort and expense results in a total disaster. When customers come to me many haven’t heard Read more »

I’m going to send out some training soon, much of which will address some important car finance issues. One of the main subjects is APR, what it is, how it works and why it’s a complete waste of time. I am on a mission to change the way we look at finance in the UK and why I think that it is important to change attitudes. To give a little taster APR is Read more »

When my son changed his phone to enable him to gain access to the Internet he had the choice of two phones at the time (going back a few years). The first was considered a bit of a toy and was an iPhone. The other was a Blackberry. He asked lots of questions and did his own research. The iPhone certainly seemed popular and it had some clever apps on Read more »

This blog is now number one on Google search out of 103 million worldwide. This makes me the one that so called experts seek advice from. Accountants question me then charge customers to pass on the information that I provide. Dealers and F&I managers use this blog to answer questions from customers and the press come to me for comments whilst the press take the RSS Feed . It all adds to the feeling by many that I am the UK’s foremost car finance expert.  Read more »

Let me tell you a story about an accountant who used to introduce clients to me about 12 years ago. He was a Chartered Accountant and according to the charter he couldn’t be paid a fee for arranging anything financial for his client. In other words if he had recommended a client to a financial advisor, who in turn arranged a pension or a Read more »

Time for a car review. As you know I normally remain pretty much unenthusiastic when it comes to some of the cars I write about, probably because the cars I notice are the daft cars, but having owned an MGB sports car at the age of 21, I still look at the badge with a degree of fondness as it invokes many happy memories – I said memories! So when I heard Read more »

I reported recently on clocking, it would seem that others are reading my blogs as the Office of Fair Trading has issued a report that reveals there are more than 50 firms in the UK selling mileage correction (clocking) services. As a result they have called on the Government to act and close the loophole that enables these companies to quite legally reset a Read more »