The Best Car Finance Blog In The World

a few people have been asking about new cars and when a new car is a new car. I have explained this in detail in my book, An Insider Guide To Car Finance, which can be bought and downloaded online. But to summarise, the car must not have been registered to anyone else before you receive it, not even to the dealer and it must not have an ‘unreasonable’ mileage on the clock, expressed in one court case to be no more than 500 although I find this excessive. The strange rule is that Read more »

Following a survey carried out by ATS Euromaster it has been found that large numbers of tyres are having to be replaced prematurely as a result of damage that could be avoided. In fact 1 in 5 tyres were found to be replaced early in a survey that involved 100,000 vehicles. The main causes of avoidable damage were punctures (31%), sidewall damage (27%) and drivers exceeding the 50mile/50mph rule when run flat tyres are fitted. Not sure how you avoid a puncture but obviously the boys at Read more »

Whilst we are still having our flabbers gasted how big do you think the joint operation of Hyundai and Kia are? Most people think that production has only just been moved out of the garden shed but in fact the Hyundai-Kia Automotive Group has become the fourth largest global automotive manufacturer, according to the Automotive News Data Centre. In fact the Korean manufacturer has now overtaken Ford as they have seen production drop by 30% in the first half of 2009. With a lot of good feedback these days on Hyundai and Kia product maybe we should take a closer look at them. By Graham Hill

Which car holds its price best? I would have said Mini as it has held the title for some time but a few surprises have taken over, possibly as a result of high demand for smaller cars and fewer cars available in the used car market as a result of the scrappage scheme. The best performer, according to Glass’s Guide, over 3 years has been the Peugeot 107 which has retained 60.9% of its value. This has been followed by the Toyota Aygo (60.2%) and the Suzuki Swift (59.5%). My flabber has never been so gasted! By Graham Hill

Experts are warning that the hike in fuel duty taking place this week by 2.3 pence per litre could be the start of significant increases on the way as crude oil increases in cost and the reduced rate VAT is set to end. The RAC predict that pump prices could return to the levels of summer 2008 at around £1.20 litre. So if you are thinking of changing your car you should make sure that you take a close look at fuel consumption, there is no longer the clear distinction between petrol and diesel. By Graham Hill

Corporate Manslaughter has now become real with the announcement that the first trial, as a result of charges under the Corporate Manslaughter Act, will take place next February and should serve as a wake up call to businesses that think it could never happen to them. Cotswold Geotechnical Holdings have been charged for breaches of the Act along with breach of section 2 of the Health and Safety at Work Act following the death of junior geologist, Alexander Wright on 5^th September 2008. Wright was Read more »

We are hopefully seeing some green shoots of economic recovery in various parts of the world. In the UK we paid off more than we borrowed last month for the first time ever and house prices are starting to rise but company closures and redundancies are still running at a high level and will probably do so for some time as we bump along waiting for the sustained upsurge in the UK and world economy. This means that many more of the population will continue to Read more »

It looks as though local councils are now to launch the publicised workplace parking levy. First to make the move is Nottingham City Council, much to the annoyance of one of their biggest employers, Boots, who have 3,000 affected parking places that will incur an annual charge of £253 per car rising to £350 per car after 2 years. The rule, approved by the government to start from Read more »

If you drive a diesel car you probably know that it is fitted with a particulate filter. It is there to remove the dangerous particulates from the emission gasses. Some believe that particulates cause more damage to the environment than CO2, hence the importance of having particulate filters fitted. But they are prone to clog up with the particulates, however, they are made to effectively self clean. It is important that you Read more »

Thinking of selling your car and taking out a lease on a new car? Well, according to Manheim, the car auction house, now is a good time for you to sell you car as used car prices have been shooting up recently. An 8 month old ex rental car with less than 8,000 miles on is now fetching £2,200 more than it was a year ago. Manheim auctions increased their average sale price by 4% in July over June whilst British Car Auctions saw a 3% increase. Year on year prices are up by Read more »