The Best Car Finance Blog In The World

Good to see that Alphabet, the car leasing company, has spotted something in the new tax rules that are to come into force next April that I reported upon many weeks ago. Under the current rules you can only charge to profit a percentage of the monthly rental cost of a contract hire lease once the cost of the car exceeds £12,000 up to a maximum of a 25% disallowance. This variable rate has now been replaced by Read more »

When I first started driving I drove an Austin Nash-Metropolitan, a rather cool car with a bench seat, column gearchange, low slung windows that you could really lean out of and wait for it – a built in valve radio that could pick up the pirates a treat although it did take a trip of more than 20 minutes to warm up! I could snuggle up to the latest squeeze whilst driving with my right arm nearly scraping the road whilst squeeling round corners on two remoulds a cross ply and a radial (Pirelli – naturally) having been to a disco and drunk to the point of being probably twice the legal drink drive limit by today’s standards then believing that I could drive at Read more »

If you are a regular reader of my newsletter you will know how I love the way the press and various bodies roll out statistics that are totally meaningless but are meant to enlighten us drivers – well I have a great set of stats this week which may well change your mind over the colour of the next car you will drive. Apparently white cars are more likely to be stolen than any other colour according to someone who has access to the police national computer and far too much time on mis hands! And even better, Read more »

Staying on these two misleading articles they also point to the dangers of taking finance on cars and the problems faced by those who want to get out of their current large or gas guzzling cars and into smaller more efficient cars but are unable to because of the negative equity position with the settlement costs being far in excess of the resale value of the car on finance, ie. negative equity. The drivers are therefore left with cars that they don’t want to drive because they have no way out of the finance. Again this is a generalisation that simply isn’t Read more »