The Best Car Finance Blog In The World

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 »

After allowing local councils to levy workplace parking charges it seems that few are actually taking up the opportunity. Nottingham was the first to make a move and it was thought that all local authorities would follow suit but after seeing the reaction of local large employers, who announced they would move their offices rather than pay the parking levy, other councils have viewed the opportunity far more cautiously. Read more »

If you are driving behind a car and it seems to be wandering across the road as though the driver had been drinking, it may not be the driver it may just be the car that’s a little worse for wear! Researchers at Edinburgh Napier University have developed a biofuel from whisky by-products. Called biobutanol it’s 30% more powerful than ethanol and is created out of two waste products: ‘pot ale’ from copper stills and Read more »

Surprisingly, there has been a public outcry over the switching off of speed cameras around the country after the Government decided to withdraw funding to local authorities necessary to maintain and operate the cameras. In Oxfordshire the council has announced the turning off of the speed cameras after their payment to the speed camera partners was reduced by 70%. This has outraged residents, according to Read more »

After all the warnings of sending texts whilst driving it was just a matter of time before ‘tweeting’ came under the spotlight. That warning has been issued following the death of a driver who was found to be tweeting whilst driving. The driver, a US plastic surgeon, was tweeting about his dog whilst driving when he had a fatal accident. Frank Ryan, the driver, was driving his Jeep Wrangler along Pacific Coast Highway in Read more »

Aren’t statistics fantastic? It would seem that statistics show that children brought up in wealthy neighbourhoods are less likely to die or get badly injured on UK roads. The statistics, prepared by Road Safety Analysis, compared accidents linking 0 – 15 year olds to the victims’ postcodes. The UK’s most dangerous area is Preston, Lancs. Here, children are twice as likely to be killed or injured than the National average or five times more likely than the safest area, Kensington and Chelsea in Read more »