The Best Car Finance Blog In The World

Government figures show that up to 1 million scrapped cars are still being driven on the road. Whilst 2 million motorists told the DVLA that their cars were being destroyed only half were issued with a Certificate of Destruction, the proof that a car has been destroyed. Dodgy dismantlers have been exploiting a legislation loophole whereby the DVLA doesn’t need to see the Certificate before it registers a car as Read more »

Manheim, the large auction house and end of lease vehicle inspectors have identified over £12 million of end of lease damage charges over 90,000 inspections during 2009. 38% of the vehicles that were assessed had damage in excess of the British Vehicle Rental and Leasing Association fair wear and tear guidelines resulting in an average charge of £350 per vehicle, up by 14% on 2008. Some of this was blamed on Read more »

This week I was going to open with an amazingly interesting piece about the Budget and the effect on the motorist and how we are going to have things a little easier than we had thought but that one was pretty much buggered 2 minutes after the Chancellor stood up. We’ve managed to get the fuel duty hike spread over the year and um er, that’s about it really. Oh no I think he mentioned something about Read more »

I know I seem obsessed with potholes at the moment but they are such a pain and costing motorists a fortune. The Germans came up with a solution in the village of Niederzimmern near Leipzig. They sold their potholes for 50 Euros which the council filled with asphalt and a metal plaque which carries the owner’s name or a tribute to a loved one. Of course not wishing to miss an opportunity the Brits are planning Read more »

A group of companies including Ricardo and Volvo Cars are working on new technology that will allow for road trains to be created whereby regular users of a motorway can lock onto each other forming a train of vehicles kept at a constant speed and distance enabling the drivers to get on with other things such as work and phone calls. Much of the technology is already available such as sat nav, distance sensors and Read more »

It would seem that companies are more environmentally aware than private motorists. According to statistics issued last year, as part of Fleet News Intelligence Report, and more recently backed up by information from the British Vehicle Rental and Leasing Association (BVRLA), average CO2 emissions from cars put onto fleet leases dropped from 149.9g/km to 144 g/km following a drop of 9 percentage Read more »

Good news for those living near or travelling down the A13 in East London. Transport for London have introduced, for the first time in the UK, average speed cameras on a road with multiple entry and exit points. 84 cameras based at 37 locations will ensure that you don’t escape by monitoring the speed of vehicles. Sledgehammers and nuts spring to mind, maybe someone should check the accident and fatality stats for the stretch of road in question under the Freedom of Information Act? As I don’t go there I won’t bother of course! By Graham Hill

As more companies understand the risk attached to allowing employees to drive their own cars on company business, many have decided to avoid the risk of the car not being in roadworthy condition or the driver driving a car that isn’t properly insured by renting cars as required. Avis have recognised this and has also turned its attention to businesses for its growth. They are not only targeting the large fleets but also Read more »

My view, over the last few weeks, that we will see some return to the fleet market by manufacturers, now struggling with sales, following the end of the scrappage scheme, seems to be substantiated as Skoda, Chevrolet and Renault have all stated in one week that they are aiming at the fleet market. Renault aims to increase its market share from 3.17% to 5% this year whilst Chevrolet launches an independent fleet sales Read more »

Yet another funder pulled out of the market last month. HSBC has been a bit of a mystery because whilst they appeared to have a fleet of 33,000 vehicles out on contract the contracts weren’t with them at all. The scheme known as undisclosed agency meant that whilst the documentation showed the name of HSBC the agreements were actually underwritten by Lex Autolease. This ‘outsourcing’ started in 2005 Read more »