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Insight Part 2: Whilst I’m in the mood to expose some of the trade secrets that lay behind contract hire rates let me delve a little deeper into the area of vehicle pricing and depreciation. Fleet News recently reported some incredible increases in new car costs, mainly as a result of the exchange rate against the Euro. Since January 2008, according to Read more »

Insurance and fuel duty increases have been blamed for the inflation busting increase of 6.3% announced by the RAC in their Cost of Motoring Index. The average cost has increased by £346 over last year’s cost taking it up to £6,000. Depreciation has also had an effect although some costs such as Vehicle Excise Duty (car tax) and car finance have dropped. The annual study assesses the running costs of 17 new cars from the Toyota Yaris to the Land Rover Discovery. Each model’s bills are weighted Read more »

We have a bit of an exclusive from GHA Finance this week. I am often fighting with dealers and my quoting systems to get the keenest rates for my clients. But whilst we try to get the rates as low as possible customers see this as the only area where they can make cost savings when changing their cars. In fact this shouldn’t be the end of the journey, it should be the start. There are many things you can do to minimise your transport costs which we have discussed in the past such as:  Read more »

In an effort to reduce car usage, the Government and indeed all parties led by the Greens tried to encourage more people to work from home. Whilst there was a small increase at the time latest statistics show that the number of employees working from home has stalled since 2002. Just 3% of workers work from home although 7% do so at least once a week. These results were recently reported in the 2008 National Read more »