The Best Car Finance Blog In The World

As often happens I have found myself at odds with some leasing companies who are promoting either sale and rentback or sale and leaseback. The majority of company vehicles are still owned outright and with times getting tougher out there some lenders have been promoting a scheme known as sale and rentback, whereby you sell your company cars to Read more »

We look set to experience some pretty grim weather over the next few weeks as we move deeper into winter so the Highways Agency has issued warnings to motorists after considering research carried out by them which reveals that 50% of motorists would still continue with a journey after a severe weather warning has been issued and around a third would Read more »

 Lease cars are better maintained than privately owned cars – fact! Hitachi Capital Vehicle Solutions carried out a check on privately owned cars to see how well maintained they were and shockingly found that 88% were in need of attention. Whilst Hitachi admitted that some faults were somewhat minor there were a significant number that were more serious such as Read more »

CAP who provide vehicle valuation guides based on achieved auction prices have said that they are about to launch a significant downward price review based on the continued drop in prices achieved by fleet sellers in auction. This will have the affect of putting up lease rates unless the leasing companies can counter this with greater bonuses from the manufacturers. And be dismal news for those who Read more »

Car thefts are down by 12% according to Home Office statistics to end of June 2008. But HPI have been quick to point out that car theft is not the only crime and motorists need to be more vigilant than ever if they are to avoid some of the more sophisticated crime that the crooks are now perpetrating. As a result HPI have offered up some advice for motorists to follow. HPI checks reveal that around 30 vehicles Read more »

 I have just read about a most bizarre scheme that seems to have the support of the courts but has caused lawyers and businesses great concern. It came to light in a recent case where the driver of a car involved in an accident  was handed a card by the at fault driver giving details of his employer and offering to assist with the repairs and arrange a replacement vehicle free of charge. The claimant rejected Read more »

As if to support my comments made over the last few weeks market analyst Datamoniter has recorded a growth in vehicle leasing in the fleet sector as more companies release cash tied up in their vehicles and reduce exposure to market conditions by selling off the cars they own and replace them with leased vehicles. New vehicle sales generally slumped further in August from the July drop of 7.3% to an unprecedented 15.6%. Consumers, unaware of the cash flow benefits of leasing new cars, have really 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 »

Most car cloning has been carried out to avoid parking tickets and speeding tickets but insurer Direct Line has warned of another reason for cars being cloned, to carry out a crime. The most common, according to Direct Line is forecourt petrol theft. According to the British Oil Security Syndicate, thieves are stealing a significant amount of fuel with the average offender escaping with fuel worth 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 »