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Over the years I have often found myself locking horns with accountants over the benefits of leasing. Most accountants fall into one of two categories, they either ‘get it’ totally or are totally clueless. Of course all of my accountant readers ‘get it’ totally. It was highlighted last week once again when I couldn’t get a potential client’s accountant to appreciate that by taking a lease his client would save around Read more »

As the economy tightens and fuel prices continue to increase now may be the time to consider leasing as a cash flow alternative to purchasing whilst also taking out the risk and uncertainty of outright purchase or using a purchase scheme. For around £250 per month including VAT you can lease a £17,000 car that would cost nearly £200 per month more out of your cash flow, if hire purchased over 4 years then to find that the vehicle has negative equity in it if sold after say Read more »

Do you suffer with hay fever? Are you taking anything? If you take antihistamines in order to relieve the symptoms of hay fever they can cause drowsiness which can increase the risk of an accident. Not only that if you take any drugs at all, prescription or non prescription that can make you unfit to drive the penalties are the same as drink driving. You don’t have to be snorting crack cocaine to be considered to be driving under the influence of drugs it can simply be something that relieves pain! Be careful and don’t lose your licence – or your life!

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 »

If you are one of those that has downloaded my introductory video on my vehicle finance training you will know that I have very little faith in the ability of the press to provide proper advice on vehicle finance, in fact I said that some of their advice is criminally misleading. However you expect the Times and Telegraph to at least do some basic research before throwing misleading information onto their online sites. You expect rubbish from the popular press but not from the more upmarket news and information providers. So what is it that has made me so angry? Read more »