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It’s your last call for PCP’s if you are to benefit from the 15% VAT. If you take out a contract before 31^st December the price paid for the car by the leasing company will include VAT at just 15% with your repayments remaining fixed for the contract term. After the 1^st January VAT returns to 17.5% so if you are thinking about changing your car you could save yourself some money by doing it sooner rather than later. By Graham Hill

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 »

A recent report in Fleet News has revealed that the EU is planning a new carbon tax on all motor fuel. This would add a further tax to VAT and fuel duty already charged. Thomas Carroll, the EU’s taxation directorate general, told a recent meeting of European accountants that the new commission could review the EU’s 2003 energy taxation directive as early as the New Year. The draft proposals insist that excise duties Read more »

Every year traffic wardens, now known as civil enforcement officers, issue close to £1 billion of parking tickets. The Freight Transport Association (FTA) claim that additional administration charges add a further £100 million. However, Neil Herron, founder of parkingticketsappeals.co.uk, says that before local authorities issue parking tickets they should get their own house in order. But far too Read more »

In an interesting speeding case a van driver has had his case thrown out after being charged for driving at 61mph in a 50mph restricted area. Gareth Powell was clocked on the A4174 near Bristol in November last year when working as an employee of MD Building Services. However, his van was fitted with Navman  wireless tracking and when Navman Wireless checked the records they found that Mr Powell was only Read more »

As with anything ecological there are some strong views when it comes to the debate on battery powered cars. The Labour Government believes that battery power is the way to go and is offering a £5,000 subsidy per battery powered car from 2011. This will cost £230 million but according to experts in the motor industry the future depends totally upon the ability of the battery manufacturers to develop batteries Read more »

The old question of which car to choose has risen its head again as diesel has now been roughly on par with the cost of petrol for months now compared to a year ago when the difference was 13pence per litre. Whether petrol has increased to meet the cost of diesel or vice versa we’re not sure but with better fuel consumption one would assume that diesel would be more popular, however, petrol engines have been vastly Read more »

There has been a surge in companies offering services that will help you to legally get you out of HP agreements and personal loans. One strategy has been to request a copy of your agreement and a statement of your account. In certain circumstances if the lender fails to provide you with either piece of information, in the past, under section 61 and 127 of the Consumer Credit Act, the contract was deemed Read more »

A couple of weeks ago I told you which manufacturers and which cars were the most reliable. This week it’s the turn of the dealerships. The survey was carried out amongst 34 of the UK’s top leasing companies with 27 voting for the dealers in the top slot. Whilst Lexus often takes top honours amongst retail voters only 2 lessors put Lexus in the top 5 dropping them just off the top 10 dealers. The Germans seemed to Read more »

We tend to be pretty reactionary when it comes to the way we act in our day to day lives. We hear that there has been an increase in paedophile activity in public parks so we keep a closer eye on our children when taking them out or even stop the kids from going out at all. Hear that Swine Flu will become a pandemic and we rush out to get vaccinated – and rightly so. So when we hear that road injuries sustained Read more »