The Best Car Finance Blog In The World

 I am constantly banging on about the conmen out there anxious to take money from gullible customers seduced by low priced cars and low lease rates but it’s interesting to see that What Car has picked up on the problem also and warned its readers. Their first warning is to those buying a used car. You should take precautions against buying a cloned car. The first giveaway is Read more »

 If you are a regular reader of my articles you will know that I don’t regard those expert advisors that write in the media about car finance very highly. In fact I regard most as being daft as a house brick. But whilst an article that appeared in the Independent didn’t really change my views there were a couple of points over which I had to agree, as painful as it was! The reporter suggested that the scrappage scheme cash may run out by mid October which is a feeling shared and hoped for by Read more »

One of the effects of the recession is that apparently greenhouse emissions are substantially down as a result of cost savings and people traveling less miles in their cars and vans. Whilst this is great news for the environment and has helped to stabilize fuel prices it may also have a positive effect on the lease cost of cars on either contract hire or contract purchase. If you find that you are now traveling substantially fewer miles in your car you should Read more »

Fraud is on the increase as Internet and other car finance brokers find themselves up against it. Add this to the fact that people are now starting to realise that loans are not simply down to APR and leasing isn’t simply down to monthly rental. Take out finance and you have to sign a document locking you into many terms and conditions that you agree to by Read more »

If you buy my book, An Insider Guide To Car Finance, you receive a free book on general hints, tips and safety. One of the things I cover is setting the headrest at the correct height. A very important piece of information as proven by recent research by Brake and Direct Line Car Insurance in which it was shown that 2 out of 3 drivers Read more »

Just recently manufacturer’s own finance arms have been competing head on with the major leasing specialists such as Lex, Lombard etc. In some cases this has put off customers from using brokers and, as a result, going direct to dealers. This can be dangerous because if you use a broker, who has been in the industry for sometime, such as me, we know which dealers to use in order to Read more »

On my soon to be released blog I talk about the way that the media misleads the public about, amongst other things, car finance. For some reason when it comes to anything vehicle related they put out reports that are poorly researched then draw conclusions that are either ill informed or simply inaccurate. This week we saw The Telegraph with headline news about the way that motorists are conned into Read more »

Do you have a photo licence? If you do how long have you had it because if it is over or close to 10 years you will need to update the photo or face a fine of up to £1,000. In a poll carried out by Fleet News it was found that 24% of those questioned didn’t know that there was a requirement to renew the photograph, they thought it lasted as long as Read more »

Whilst on the subject of safety and collision avoidance, I’m often asked what certain expressions mean when I mention them in car specs that I send out in my video car deal of the week. So to help out here are a few quick summaries:

 ABS: Anti Lock Braking system, this prevents the wheels from locking under heavy braking. The disc pads grip the disc, then release then grip again but very fast thus preventing a skid and allowing the driver to steer whilst braking without skidding. It sounds like a machine gun when it operates.

EBD or EBFD: Electronic Brakeforce Distribution, this system varies the amount Read more »

If you are not aware of ESP or Electronic Stability Program (also known as ESC Electronic Stability Control) you must be new to my newsletter and never watched one of my new car videos. If you are aware of ESP you will know that I go on about it constantly because I truly believe that it should be fitted as standard on all cars now and not in a few years (2014) as has now been insisted upon by the EC. Around the world 1.4 million people die in Read more »