The Best Car Finance Blog In The World

If you are a regular reader of my newsletter you will know how I love the way the press and various bodies roll out statistics that are totally meaningless but are meant to enlighten us drivers – well I have a great set of stats this week which may well change your mind over the colour of the next car you will drive. Apparently white cars are more likely to be stolen than any other colour according to someone who has access to the police national computer and far too much time on mis hands! And even better, Read more »

Staying on these two misleading articles they also point to the dangers of taking finance on cars and the problems faced by those who want to get out of their current large or gas guzzling cars and into smaller more efficient cars but are unable to because of the negative equity position with the settlement costs being far in excess of the resale value of the car on finance, ie. negative equity. The drivers are therefore left with cars that they don’t want to drive because they have no way out of the finance. Again this is a generalisation that simply isn’t Read more »

If you are one of those that has downloaded my introductory video on my vehicle finance training you will know that I have very little faith in the ability of the press to provide proper advice on vehicle finance, in fact I said that some of their advice is criminally misleading. However you expect the Times and Telegraph to at least do some basic research before throwing misleading information onto their online sites. You expect rubbish from the popular press but not from the more upmarket news and information providers. So what is it that has made me so angry? Read more »

This piece of research is aimed at one of my customers in particular – you know who you are! Swansea Metropolitan University found that a windscreen chip had an 80% chance of developing into a crack, requiring the whole windscreen to be replaced, if not treated immediately and repaired. Get that windscreen repaired!

The police are fighting back against vehicle cloning through the use of automatic number plate recognition (ANPR) cameras located in the roadside and in most fuel stations. currently 50 million vehicle movements are recorded by ANPR cameras every day. The new software being tested by officers in Durham will identify when cars with the same number plates are moving at the same time and alert officers. The analytical ability of the software will enable the police to Read more »

The Association Of Chief Police Officers are pushing to have the drink drive limit reduced from 80 milligrams to 50 milligrams in order to bring it into line with most of Europe. They admitted that the message seemed to have been received by young drivers but that it was now time to refresh that message. Another factor is that many British travellers to Europe are not aware of the differences in drink driving levels and with the possibility of drivers losing their licences in the UK as a result of drink driving in the EC drivers should become accustomed to drinking less if they are to drive abroad.

Warnings have been issued over the rapid growth in fake driving licences that can now be bought over the internet for as little as £350. The police are saying that these licences are virtually indistinguishable from the originals and should cause concern for employers who have a duty of care to ensure that drivers are road legal to drive their company vehicles or drive their own vehicles on company business. It has been pointed out that if a driver is involved in an accident whilst driving a company vehicle with an invalid licence the insurance may be Read more »

If you are getting worried about the affect that the new car tax (road fund licence) will have on your new car if you are considering a change but you are unsure as to how the changes will affect you over the next couple of years – fear not as I have come across a website that will provide you with all the info that you need. You simply enter Read more »

Are you a good parent? You may well think you are until your little darlings start driving and you realise that by being a passenger in the car that is one minute being driven away from the lights by someone who would happily take on Michael Schumacher, then turning into Bernard Manning as the car from a side road manages to squeeze into the 2 foot gap between you and the car in front was not good training for your little treasures when they eventually get behind the wheel. If you think that 20 lessons with a BSM driving instructor is going to Read more »

2007 saw a huge leap in identity fraud according to Experian. In 2007 6,000 new identity fraud victims contacted their victims of fraud team compared to 3,500 in 2006. This represent a 66% increase in fraud cases reported to Experian alone. Having analysed 10,000 identity fraud cases Experian has been able to produce its most accurate propensity model ever. As a result they have been able to identify those most likely to fall victim to identity fraud as well as Read more »