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Toyota finally looks as though it is seeing some light at the end of the tunnel after what must have been the worst start to a year in its history. So far this year 188,500 cars have been recalled, the majority of which require replacements to their accelerator linkages (180,000) and 8,500 Prius require modifications to their braking systems. The accelerator linkage repairs take about 30 minutes to complete. Whilst Read more »

Business Insurance specialists Premierline warned employers that when they allow employees to work from home they are still responsible for their welfare in the same way, I guess, as employees that use their own cars for company business. According to the Department for Labour the employer has the same responsibilities as he would for any other employee at work. Whilst it is accepted that some controls are Read more »

As we know credit has been harder to arrange of late with some vehicle finance funders down to around a 20% acceptance rate. But if you foolishly believed that the situation would ease this year, considering the fact that bankers are again paying themselves some massive bonuses, you would be wrong! You see years ago credit card companies were credit card companies and leasing companies were either part Read more »

Warnings have been issued to employees that are considering a cash for car option. The warning from the boss of Pendragon Contracts, Neal Francis was making the point that lenders are more likely to consider a company application for finance either for company vehicles or as part of their salary sacrifice scheme. He pointed out that the market had changed significantly and individual applications are not as Read more »

Companies and consumers are experiencing the long term results of choosing lessors who set out to capture the gullible by offering low contract hire and PCP rates 2 and 3 years ago. As used car prices continue to drop after a period of sustained increase throughout 2009 lessors who cut their margins finely look to recover losses by overcharging clients for refurbishment work at the end of the contracts with Read more »

It would seem that some of the carbon friendly effects of the recession are better management of family vehicles and in many cases a reduction in the number of vehicles being driven by the family. Added to which many employees are opting for cash for cars in place of the old company car scheme, effectively seen as increasing their income, as they now use the family car which they had anyway and was Read more »

Brokers don’t work for the leasing companies, they actually work for their clients, in the same way as an accountant or a solicitor does but without the need for a qualification, just a Consumer Credit Licence, which can be obtained fairly easily if the program about loan sharks aired by BBC’s Panorama is anything to go by. When I started as a broker, many years ago, the situation was the same, we worked for our Read more »

The first ever UK parking summit has recently been held to discuss the growing problems faced by motorists whose cars have been clamped by cowboy clampers operating on private land. The summit was attended by parking firms, minsters and motoring groups. The AA called for tougher laws to be introduced. Edmund King, president of the AA, said that it cannot be just for there to be no independent appeal against a Read more »

I reported last year that ‘staged crashes’ resulting in fraudulent insurance claims was on the increase. However, law firm Keoghs who produce the Annual Motor Fraud Index have shown that the hot spots are spreading in 2009. Along with the major hot spots, as shown below, other nearby towns are now becoming problem areas also. Greater vigilance is needed when driving in these areas to avoid accidents Read more »

I recently warned about the dangers of not having your car serviced on time from the point of view of safety. We have now had further warnings from manufacturers and leasing companies about the importance of having your car serviced on time. The manufacturers are referring to the potential loss of warranty cover if the car is not serviced ‘as per manufacturers’ recommendations’. The chances of an engine Read more »