New Car Prices – We’re Back To Rip-Off Britain

Friday, 22. July 2011

Volkswagen Passat CC

Image via Wikipedia

I am often asked how the lease rates on some cars can be so low compared to the cost of the car? Take for example the deal we had last year on the VW Passat CC (their new 4 door coupe). If you had taken the car on a 2 year lease you would have paid the equivalent of 26 payments x £229.99 + VAT. That’s a total of £7,175 on a car that cost around Read more »

Why Are Lending Interest Rates So High?

Wednesday, 20. July 2011

Whilst I hear many a complaint in the pubs and bars about the fact that you aren’t charged the half percent bank base rate interest when you take a loan or HP, most people understand the reason why. If lenders were to charge half a percent interest they would soon go bust as that wouldn’t cover the cost of the documents let alone all the other costs Read more »

Rip Off Loans Available As An App

Thursday, 4. February 2010

If you have an iPhone – you poseur, I don’t of course, but if you do there are now apparently ‘apps’ for just about everything – so I’ve been told. Apps. standing for applications or software programs. One of the latest ‘apps’ comes from a company called Wonga who provide what are known as ‘payday loans’, allowing people to borrow a sum of several hundreds of pounds to tide you over till payday. But what has Read more »