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I mentioned the tax changes that will take place in April 2009 relating to company cars. However, some people are confused over the affects on leased cars whilst others still have concerns over their capital allowances after the changes have taken place. It would of course be wise to seek the advice of your accountant but in order to shed some light on a confusing situation – I hope this helps. First of all one thing will not change and that is the position with regard to ‘Low CO2 Emission Cars’. Whilst the threshold Read more »

After a damning report produced by Which magazine saying that the ‘super fuels’ did not save money, improve the car’s performance or improve the environment any more than standard fuels. BP stood by its claims of the benefits of it’s Ultimate fuels. It also criticised the fact that Which used only 3 mainstream models, a Ford Focus, Renault Megane and VW Golf. They said ‘It simply isn’t possible to obtain reliable comparison of the fuels based on Read more »

Next year should see an upsurge in contract hire sales as the new tax rules kick in. Professor Peter Cooke of the Centre of Automotive Management at the University of Buckingham (and one of my fellow contributors in Motor Finance journal) warned that the tax changes, to be introduced next year, will have a profound impact on the way that businesses fund their cars. Next year will see Read more »

A recent conference sponsored by leasing company Lex suggested that drivers and all businesses should consider ways of saving money. They concluded, as I have already suggested, that finance is one important area of consideration along with vehicle choice, emissions limits, fuel policies and for fleets even drink and drugs policies. Nothing very new there then but the interesting debate was over fuel choice. The proposal was that diesel Read more »

As we all know it is quite normal for grey clouds to have a silver lining. I am busier than normal as consumers and small businesses look for ways to reduce their vehicle costs as we move closer to recession. For reasons mentioned previously leasing is a great option when times get hard but as fuel prices remain high we are seeing emptier roads. People are taking fewer trips in their cars in order to save fuel although Read more »

Warnings have been issued by the AA about the increase in theft of Catalytic Converters due to the sharp increase in scrap value of the precious metals housed in the units, platinum, palladium and rhodium. It is estimated that a stolen cat is worth about £150 in scrap value. Cars particularly at risk are 4WD cars and vans with a high ground clearance making it easier for thieves to saw off the cats. They warned that drivers of vulnerable vehicles should protect their insurance no claims discount as a claim could end up costing the driver £000’s. By Graham Hill

A campaign, involving more than 45,000 petrol stations across Europe, has started to distribute leaflets advising drivers how to increase fuel efficiency. The Save More Than Fuel Campaign is being led by the European Petrol Industry Association – Europia with the support of the EC. Of course it is – and I’ll be advising clients shortly as to how they can avoid cars altogether by riding a bike or taking public transport! As if! Duh! By Graham Hill

Concerns have been raised over the noise levels of hybrid and electric cars. Not that they are loud, quite the reverse – they are too quite making it virtually impossible for pedestrians and cyclists to hear them before they reach them. As a result, Lotus have used new technology to synthesise the noise of an engine. They have developed a Safe & Sound Hybrid demonstrator, a Toyota Prius with a loudspeaker on the roof which Read more »

Whilst there are plenty of opponents to the congestion charge scheme in London for those that have no choice but to travel around the city centre it at least cuts down delays and enables them to get on with their business even at the cost of £8 per day – NOT! It would seem that London’s roads are just as gridlocked as they were 5 years ago when congestion charging was introduced. Now some may argue that without congestion charging London would have Read more »

Diesel car sales are exactly the same as they have been since the beginning of the year. That’s my experience however if you believe press reports diesel and petrol car sales swing backwards and forwards like a pendulum. A couple of weeks ago when fuel reached its all time high the press reported the bottom falling out of the diesel market and everyone immediately turning to petrol. According to my sales and enquiries diesel demand was just as strong. A couple of weeks later and an unexpected drop in fuel prices sees Read more »