Oh dear, oh dear oh dear! When are people going to start treating car finance as a specialist product and one that must be very carefully considered before taking it out rather than a tin of beans that they can tout around online to see whether Tesco have them on offer this week or are they cheaper at Asda? There are three major comparisons to be made when deciding upon the finance that you are going to take out. Read more »

The motor finance industry was to see a potential new broker association being formed that would concentrate on providing benefits to consumers and small business  operating predominantly in the retail sector. The NACFB (National Association of Commercial Finance Brokers) offered their support to any such initiative but when this came to my notice, as an ex director and president of the association, I saw a huge potential for the association and immediately got to work with the chief Read more »

I have issued another general warning about the lack of money available to lend and the subsequent repercussions. I have had many people writing to me explaining that they had strong credit but have been declined for loans on several occasions and are now being told that they have dropped into the sub-prime category, which means they will pay high rates of interest if they are able to secure finance at all. The reason for this is the fact that whilst there are still lenders willing to offer low rates Read more »

One of the constant questions I get asked is if the bank rate is at 0.5% why are personal loans running at around 8% – 10% and HP can be much more than that? Well unless you are a banker or you have a tracker mortgage the bank rate is pretty meaningless and this has always been the case when interest rates have been running at a pretty low level. The fact is that the interest a lender charges is his income. He might have a few fees that bolster up his admin costs but he still has his overhead costs to Read more »

Here is my latest blog video uploaded to You Tube:

Visit My Blog and Sign Up Below The Video

http://www.thebestcarfinanceblog.co.uk

If you carry out a worldwide Google search you will find this blog, http://www.thebestcarfinanceblog.co.uk the number 1 in the world out of 76 million.

Statistics really get on my wick! Speaking to fleet owners and various lenders it is clear that there is less money to lend and businesses as well as consumers are finding it more difficult to finance vehicles. My own association, the NACFB has said that current lending by members is around £7 billion compared to £20 billion in the mid 2000’s. And yet banks and the lender’s association, the FLA say that they are lending more and that, according to FLA statistics their members are lending 16% more to Read more »

Graham Hill’s new book, Graham Hill’s Simple Guide To Car Finance, get’s released through Press Box. Follow the link below:

http://www.pressbox.co.uk/detailed/Financial/INAPPROPRIATE_CAR_FINANCE_IS_COSTING_MILLIONS_EVERY_YEAR_547708.html

It’s turned out to be a pretty busy week following the launch of my new book, Graham Hill’s Simple Guide To Car Finance which I hope will get everyone driving a great car. Preparing for finance is vitally important at the moment as there is little money about to lend. So that tempting low APR or monthly lease rate, that gets you sending off your finance application, may lead to a decline if you are not totally Read more »

Another amazing piece of news is that my blog is number one! When I was much younger I had aspirations to become a singer and maybe top the charts, make a fortune and have lots of screaming teenagers throwing themselves at me whilst I disappeared off down the road in my E Type Jag. OK, with a voice like mine it was never going to happen and I’ve dated a few nice ladies over the years and of course driven some Read more »