Friday, 8. October 2010
Warnings have been issued about the likely increase in the cost of fuel at the pumps. Of course we have the increase in VAT in January but the warning has come as a result of French firm Total putting their 500 service stations up for sale along with its supply contract to a further 300 independent outlets. At the same time Murco have also put their network of 200 retail outlets up for sale which means 10% of all the Read more »
Friday, 8. October 2010
Ford has announced their plans to create the ‘most significant’ engine ever. They are close to making a spectacular breakthrough that will drop the fuel consumption on some of their most popular cars to 100 miles per gallon. The goal will be reached within the next 5 years. The power unit is a new 3 cylinder engine has been created by their research team in Holland. The final decision to go into production lies with the development engineers based in Dunton in Essex. The engine will have a 1.0 litre Read more »
Friday, 8. October 2010
Graham’s gadget of the week is the CG-Lock system, which you fit to your seatbelt. The system causes you to be held into your seat more firmly which makes your belt safer and improves your posture. The system comes highly recommended and finance company Arval who has been testing out the system with their staff. The device is palm sized and takes up the slack in the seatbelt keeping the user in the safest position. It also keeps the seatbelt across the pelvis rather than the stomach. Arval Read more »
Thursday, 7. October 2010
Kwik-Fit are to carry out some major training programmes of staff following a recent BBC Watchdog report. They have said they are going to invest a further £1 million in training as a direct result of the allegations made by the BBC. They are to also increase their mystery shopper programme in an effort to identify and stop overselling by staff. The company is said to operate a zero tolerance policy in cases where Read more »
Thursday, 7. October 2010
Buying a used car from a dealer? Then you should be more aware of your rights according to the Office of Fair Trading, who have reported that the number of complaints against dealers, for faults that have come to light within the first 3 months, has increased by 18% during the first half of 2010. The Office of Fair Trading Direct received over 38,000 complaints and, as Michele Shambrook of the OFT pointed out, ‘Most of the faults that come to light are the dealer’s responsibility.’ Had a bad used car experience when purchased from a car dealer, please let me know? By Graham Hill
Wednesday, 6. October 2010
Transport Secretary, Philip Hammond revealed in a speech that 84% of all journeys made in the UK were made by car. This means that there is little prospect that we will move away from cars and onto public transport in the near future. However, the Campaign for Better Transport has carried out a survey, in which they found that certain towns and cities were more dependent on cars than others. The worst offenders and those most car-dependent were: Read more »
Tuesday, 5. October 2010
Now here’s something you probably didn’t know about. We all know that if we are convicted of speeding and receive the automatic points on your licence you must declare that to your insurer immediately and suffer the increase in premium. Some insurers don’t increase the premium if it’s your first speeding fine but others do so check with your insurer. But here’s the thing, what happens if you are caught speeding, but as an alternative to a fine and points on your licence, you are given the Read more »
Sunday, 3. October 2010
It would seem that magistrates have gone soft, as a result of the recession, if you have accidentally reached the automatic driving ban of 12 points on your licence. Some say this is wrong and that the ban should be automatically imposed, especially in extreme cases like the driver who was allowed to keep his licence even after he amassed 54 Read more »
Sunday, 3. October 2010
If you carry out a worldwide Google search you will find this blog, http://www.thebestcarfinanceblog.co.uk the number 1 in the world out of 76 million.
Friday, 1. October 2010
Statistics really get on my wick! Speaking to fleet owners and various lenders it is clear that there is less money to lend and businesses as well as consumers are finding it more difficult to finance vehicles. My own association, the NACFB has said that current lending by members is around £7 billion compared to £20 billion in the mid 2000’s. And yet banks and the lender’s association, the FLA say that they are lending more and that, according to FLA statistics their members are lending 16% more to Read more »