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Still no money for motor finance. Back in March of this year the Automotive Assistance Programme (AAP) approved £2.3 billion of support to help, as ministers predicted, up to 100 companies through the crisis. To date not a penny has been paid out whilst those responsible for the pathetic scrappage scheme pat each other on the back. The provision of cheap wholesale money to lenders would get people back into new cars. In America, where they have similar problems and have staff looking into chat rooms and tweeting each other, it has been found Read more »

Many of you have read in the past my mention of the Gwent Fleet Management fraud which left many customers out of pocket and in many instances without a car. This case is just the tip of the iceberg and has been so public because so many customers were caught up in it but serious fraud is being committed all over the country daily. However, because the cases are spread so thinly no one type of fraud is hitting the headlines, causing consumers to be Read more »

What is BlueMotion, is it a hybrid? We are seeing the emergence of the colour blue as a replacement for the far less attractive green as an expression of environmental friendliness! Why? I don’t know but in terms of German cars – no it doesn’t define a new type of hybrid engine. Instead VW’s BlueMotion and Mercedes Blue Efficiency are simply terms they have started to use to describe the ultra efficient nature of their cars. By incorporating stop/start technology or systems that heavily Read more »

This time of year many people are jetting off to hotter climes for their summer holidays. They have probably searched around to get the best deal for their holiday but are then faced with a horrific cost for parking up the car for 2 weeks or rely upon public transport to get them and the kids to the airport for a 2.00am flight. Well I have read what seems to be the answer. Read more »

Shell has announced the launch of a new engine oil which it claims reduces fuel consumption by up to 2.2% per annum. The oil, called Helix Ultra E, is a synthetic low viscosity motor oil aimed at reducing friction more effectively than conventional mineral oils. Shell also claims that it can cut a car’s carbon emissions by up to 72kg of CO2 per annum. By Graham Hill

Specsavers Corporate Eyecare has launched a new range of sunglasses as part of its corporate optical care voucher scheme. Each voucher costs the employer £35 and includes:

A full eye examination at any of their 623 stores

 A pair of prescription glasses from their £45 range or

 A pair of non prescription sunglasses from their newly launched range

 Employees can use the voucher for £45 off any of the more expensive glasses in their range. Specsavers point out that the addition means that if an employee has an eye test and finds that he doesn’t need glasses it gives an assurance to the employer who is seen to be taking health and safety seriously and the employee still receives a nice pair of sunglasses. For more information on the scheme contact Specsavers direct by emailing:  corporateeyecare@uk.specsavers.com, By Graham Hill

Sorry about this but it all seems like bad news this week. Manheim DeFleet, the defleeting arm of the major auction house, has reported that average end of lease refurbishment charges have increased from £265 a year ago to £290 this year. As they explain contract hire companies see damage recovery as a mainstream activity. A few years ago they would budget to collect around 35% of all charges whereas these days they look to collect around 70%. David Mercer of Manheim DeFleet Services said Read more »

There are now some wide fluctuations in monthly contract hire rentals as many factors come into play. Amid fears that the industry is predicting the collapse of one of the major contract hire companies before the end of the year and possibly the loss of a few smaller ones, the industry is in a mess with rates all over the place. It isn’t uncommon for rates to have a spread of £50 + VAT per month between the cheapest and most expensive rates on the same car. Fleet Operations have found that in the case of a Ford Focus the spread was Read more »

Years ago when I first started providing contract hire we would provide terms that would include 3 rentals in advance followed by 21 payments, if a 2 year deal, or 33 payments if a 3 year deal. This meant that there were no payments in the last 2 months. As a result many customers would set aside the money that they would normally pay per month in preparation for the initial rental on the next contract. However, some brokers and lenders realised that if they spread all the payments over the 24 months or 36 months they could Read more »

I have received a couple of words of warning about topping your oil up. The first is probably fairly obvious, make sure that the car is on flat ground when you check it. It may seem obvious but in cars where electronic sensors are fitted drivers often forget that when the level is checked the car still needs to be on flat ground. But the lesser known piece of advice is not to overfill the engine with oil. This is especially important with diesels as the oil can find its way into the exhaust and damage the particulate filter which can be very expensive to replace and would not be covered by the warranty. By Graham Hill