Road Pricing Looks A Certainty

Saturday, 7. November 2009

Whilst the Government has said that they would not be introducing road pricing until after the next parliament at the earliest, the Conservatives have kept the idea completely off its agenda and the Liberals of course would like action immediately the influential Committee on Climate Change has put road pricing  firmly back on the agenda for immediate consideration. They have dropped the idea of Read more

Used Car Prices Stabilize

Friday, 6. November 2009

After a year of successful growth in used car prices we are now starting to see prices level and, in some cases, slightly fall in auction. With fewer new car registrations, a reduction in rental car fleets and cars being scrapped the supply chain of used cars reduced significantly through the year. Businesses started to buy used cars instead of new as well as hold onto their lease cars by extending contracts turning the Read more

When Is A Car Warranty Not A Warranty?

Thursday, 5. November 2009

In a recent case, exposed in What Car a lady experienced a sunroof leak in her 2 year old Mondeo. She made a claim on Ford under her warranty agreement but was told that water ingress was not covered by her 3 year warranty beyond the first year but they made an offer to cover 30% of the repair cost and the dealer was prepared to cut his labour rate. The suggestion from What Car was to push for a bigger Read more

Internet Car Leasing Con Costs Customer £2,500

Wednesday, 4. November 2009

A reader of What Car, Carey Trewavas, wrote in to effectively confirm something I have been warning about since the recession started. He arranged to lease a car through a broker, known as Auto Dealer Direct. In August he sent a bankers draft for £2,511 as his deposit payment on the Audi A5 that he ordered. Since then he hasn’t been able to contact Auto Dealer Direct by phone, email or letter. According to What Read more

Car Finance Applicants With Clean Credit Are Declined

Tuesday, 3. November 2009

It was earlier this year when I warned that money was tight in the vehicle finance sector that would mean only the squeakiest of clean business would be written. In some instances I heard that acceptances were down to just 20% of applicants, not because the vast majority of applicants were poor credit risks but available funds meant this was the maximum number of applicants that could be accepted. Many Read more

The Real Reason For Car Production Delays

Monday, 2. November 2009

I have been quite scathing about the extending lead times that car manufacturers have been quoting, questioning the management and accusing some manufacturers of using these extending lead times to manipulate the market prices of their cars. However, it would seem that I may not have been entirely right as I learned that many of the production delays have been Read more

Consequences of Corporate Manslaughter Act

Saturday, 31. October 2009

There have been mixed feelings expressed over the Corporate Manslaughter Act that was introduced in April 2008. Basically, if you are an employer and you have failed your duty of care that results in the death of your employee or others you, or the director/partner in your business responsible, could face prosecution and a prison sentence as well as an unlimited fine on the company. Some have stated that the Read more

Check Your Car For Any Recalls

Friday, 30. October 2009

There are a number of vehicle recalls each year, some of which are fairly minor causing no more than an irritation whilst others are much more serious which could result in injury. One of the latest recalls was issued by Ford on 29,000 Focuses for a potential overheating problem in the cooling fan to be rectified. The warning read: Focus (potential overheating/fire risk), models from 20/02/04 – 31/05/06. Read more

Stop Start Technology – How Does It Work?

Thursday, 29. October 2009

More and more manufacturers are embracing the new stop-start technology in an effort to reduce car emissions to meet the targets set by the EU if they are to avoid some hefty fines. “But how does stop-start work Graham?” I hear you all shouting at your computer screen. In fact I can’t hear you shouting, I’m imagining it. In fact you may not even give a monkey’s banana but you’re going to be told anyway! Let’s take Read more

VAT Increase And The Effect On Leasing

Wednesday, 28. October 2009

As you are probably aware the VAT rate will increase back to 17.5% on the 1st January 2010 with further rises expected as we move out of recession. Some pundits are already predicting a rise in rate to 20%. We will start to see interest rates shift upwards and car prices will continue to rise making this year a good time to take out a PCP if you are thinking of this form of finance. Mercedes have seen this Read more