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The AA has revealed that we are seeing a North South divide open up when it comes to fuel. Apparently prices are rising faster in the south than in the north. Recent drops in oil prices should have resulted in pump prices dropping but the garages in the south seem reluctant to pass on the savings. The average price of a litre of petrol in the north is now 115.5 pence but in the south it’s 117.2 pence. The gap has opened Read more »

My gadget of the week is a tool. It’s made by Dremel and is simply called the 8200 multitool. It’s a cordless electric battery operated tool that can cut, sand, grind and carve. It is claimed to have twice the speed of its rivals and has reduced weight due to the size and weight of its smaller lithium battery that takes around an hour to charge and can hold that charge, according to Dremel, for up to 2 years. The increased Read more »

Beware of service intervals. As most people know service intervals have been extending and it’s not uncommon for cars to have 18,000 or 20,000 mile service intervals. If you are a low mileage user this could suggest that if you had a car for 3 years, covering around 6,000 or less miles per annum, you wouldn’t have to carry out a single service to retain the car’s warranty. But this is unlikely to be the case as most Read more »

Moving on to legitimate parking fines, it turns out that local authorities may follow the Westminster council lead and name and shame the worst culprits for not paying their fines. It seems that some of the worst culprits are the very wealthy and Westminster has taken the unprecedented step of announcing the worst offenders on it’s website. It would seem that many of those that refuse to pay the fines are Arab Read more »

There was a lot of euphoria when the Government announced that they were going to ban the clamping and towing of cars parked on private land. The ban comes into force in November 2010, under new laws set to stop unscrupulous clampers from charging ridiculous amounts of money, to either have the clamp removed, or get your car back from a pound where the car has been towed to. However, before the anti- Read more »

On the 14^th September I attended a meeting of the good and great in the vehicle finance industry at the London offices of Grant Thornton. The purpose was to debate the challenges of the industry which would be reported in the journal of the industry, Motor Finance. There were many conflicting views but the bottom line is that we are still in for a tough time. Clearly there is a lack of liquidity in the vehicle finance Read more »

As more Brits decided to reduce their holiday costs and drive to their European destination this year many were caught out by the different European laws that apply to safety equipment that you must carry or face an on the spot fine. In a survey carried out by Sainsbury’s Finance they found that a third weren’t aware that they needed a reflective jacket, 15% didn’t know about the need for a warning triangle. 2% said Read more »

The renowned Graham Hill in depth car review this week focuses on yet another dopey car, although you may find it gorgeous. Yet another major sports car manufacturer has stuck their badge on the front of a city car. This week it’s the recently revived Lotus. I don’t care that it is a hybrid powered car that will return 100mpg it simply looks dopey! Now I know that all manufacturers have had to introduce some low Read more »

In the course of one week I’ve had what could be best described as a lively debate with two customers, over the contract profile that they took their cars on. One had his car on a 3+23 profile and the other 3+35. I have explained the way the profile works to the point of tedium, reported it on the blog and given examples but people are still confused and I really can’t see why? I think we all accept that a car Read more »

There are new accounting rules being worked on by the International Accountancy Standards Board in order to standardise the way that leases are accounted for. Years ago we made a big issue about the fact that contract hire type leases were ‘off balance sheet’ and simply recorded as a revenue expense. This was quite important for large corporates but for smaller companies it didn’t actually carry a lot of Read more »