The Best Car Finance Blog In The World

If you aren’t going to be sensible and take a car on lease through me don’t get conned by a dealer when negotiating the purchase price of a new car if you are specing it up with a pile of factory options. According to What Car, dealers receive exactly the same discounts from the manufacturer on the factory fitted options as they do on the car, so if your dealer is offering you Read more »

I was sitting outside a dealership a few days ago and saw something happening that I felt I should bring to your attention. I’ve raised this before and told the full story in my book, An Insider Guide To Car Finance. In my book I explain that a friend of mine was working in the reception of a very large main dealer and told me about a practice that she had part witnessed and been told about by staff that absolutely amazed me. In her dealership they were Read more »

The test of a finance arrangement isn’t so much the cost or the APR but in the current climate, what happens when things go wrong. Most of my readers know my views on the heavy promotion of personal loans rather than dealer HP but another issue was mentioned to me this week that again shows why HP is far more beneficial than a personal loan. When you take out dealer HP it is what is known as a Read more »

a few people have been asking about new cars and when a new car is a new car. I have explained this in detail in my book, An Insider Guide To Car Finance, which can be bought and downloaded online. But to summarise, the car must not have been registered to anyone else before you receive it, not even to the dealer and it must not have an ‘unreasonable’ mileage on the clock, expressed in one court case to be no more than 500 although I find this excessive. The strange rule is that Read more »

Following a survey carried out by ATS Euromaster it has been found that large numbers of tyres are having to be replaced prematurely as a result of damage that could be avoided. In fact 1 in 5 tyres were found to be replaced early in a survey that involved 100,000 vehicles. The main causes of avoidable damage were punctures (31%), sidewall damage (27%) and drivers exceeding the 50mile/50mph rule when run flat tyres are fitted. Not sure how you avoid a puncture but obviously the boys at Read more »

Which car holds its price best? I would have said Mini as it has held the title for some time but a few surprises have taken over, possibly as a result of high demand for smaller cars and fewer cars available in the used car market as a result of the scrappage scheme. The best performer, according to Glass’s Guide, over 3 years has been the Peugeot 107 which has retained 60.9% of its value. This has been followed by the Toyota Aygo (60.2%) and the Suzuki Swift (59.5%). My flabber has never been so gasted! By Graham Hill

Corporate Manslaughter has now become real with the announcement that the first trial, as a result of charges under the Corporate Manslaughter Act, will take place next February and should serve as a wake up call to businesses that think it could never happen to them. Cotswold Geotechnical Holdings have been charged for breaches of the Act along with breach of section 2 of the Health and Safety at Work Act following the death of junior geologist, Alexander Wright on 5^th September 2008. Wright was Read more »

We are hopefully seeing some green shoots of economic recovery in various parts of the world. In the UK we paid off more than we borrowed last month for the first time ever and house prices are starting to rise but company closures and redundancies are still running at a high level and will probably do so for some time as we bump along waiting for the sustained upsurge in the UK and world economy. This means that many more of the population will continue to Read more »

It looks as though local councils are now to launch the publicised workplace parking levy. First to make the move is Nottingham City Council, much to the annoyance of one of their biggest employers, Boots, who have 3,000 affected parking places that will incur an annual charge of £253 per car rising to £350 per car after 2 years. The rule, approved by the government to start from Read more »

If you drive a diesel car you probably know that it is fitted with a particulate filter. It is there to remove the dangerous particulates from the emission gasses. Some believe that particulates cause more damage to the environment than CO2, hence the importance of having particulate filters fitted. But they are prone to clog up with the particulates, however, they are made to effectively self clean. It is important that you Read more »