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According to reports by trade valuation guides, Glass’s Guide and CAP, the setting of residual values will become more difficult this year due to future uncertainties. Last year values increased as a result of the scrappage scheme, which removed cars from the system, fewer new cars were registered and more lease cars had their leases extended forcing up used car values in the middle of a recession because supply fell Read more »

Even without the full increase in fuel duty we are seeing a constant increase in fuel cost. Petrol rose by 23% (21 pence per litre) last year whilst diesel increased by 13% (13 pence per litre) and we have already seen fuel increase by about 8 pence per litre this year. On average petrol increased every 2 weeks and as the increase was spread over the year it hasn’t led to serious discontent. But with fuel set to rise Read more »

A warning from Warranty Direct suggests that turbo charged engines are more likely to break down than non turbo charged. Around 11% of their customers suffer an engine failure with a typical repair cost of £619 but turbo charged engines have a failure rate of  28% with an average repair cost of £875, worth considering if you are thinking about buying a used car. Don’t forget that most diesel engines, especially those fitted in larger cars, are turbo charged. By Graham Hill

It’s bad enough trying to run a small business during a recession whilst at the same time ensuring that you don’t accidentally breach employment, health and safety, consumer etc. laws that could land you in all sorts of trouble. In the current climate its not unusual for small businesses to come to an arrangement with employees to use their own cars, rather than go to the expense of providing a company car, for Read more »

Government figures show that up to 1 million scrapped cars are still being driven on the road. Whilst 2 million motorists told the DVLA that their cars were being destroyed only half were issued with a Certificate of Destruction, the proof that a car has been destroyed. Dodgy dismantlers have been exploiting a legislation loophole whereby the DVLA doesn’t need to see the Certificate before it registers a car as Read more »

Manheim, the large auction house and end of lease vehicle inspectors have identified over £12 million of end of lease damage charges over 90,000 inspections during 2009. 38% of the vehicles that were assessed had damage in excess of the British Vehicle Rental and Leasing Association fair wear and tear guidelines resulting in an average charge of £350 per vehicle, up by 14% on 2008. Some of this was blamed on Read more »

It would seem that companies are more environmentally aware than private motorists. According to statistics issued last year, as part of Fleet News Intelligence Report, and more recently backed up by information from the British Vehicle Rental and Leasing Association (BVRLA), average CO2 emissions from cars put onto fleet leases dropped from 149.9g/km to 144 g/km following a drop of 9 percentage Read more »

As more companies understand the risk attached to allowing employees to drive their own cars on company business, many have decided to avoid the risk of the car not being in roadworthy condition or the driver driving a car that isn’t properly insured by renting cars as required. Avis have recognised this and has also turned its attention to businesses for its growth. They are not only targeting the large fleets but also Read more »

From the middle of 2011 all new cars must have tyre pressure monitor systems fitted as standard. No clear indication has been given as to what the systems must consist of but currently there are systems that monitor each individual tyre with a display showing any drop in pressure down to the most basic which sounds a warning buzzer if the tyre pressure drops on any individual tyre, you then have to check them all – not a bad thing! Of course this will add a cost to the car but it could help to save fuel and even a life. By Graham Hill

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There has been an increase in the number of employees who have either opted for cash for cars or been expected to use their own cars for business in exchange for a cash payment. Either way there is a responsibility on the employer to ensure that the vehicle is roadworthy and properly maintained as well as properly insured for business use. There is a grey area for employers who, in the event of an accident, in Read more »