Graham Hill, Car Finance Expert, Explains How New Technology Allows Road Trains To Be Formed.

Monday, 22. March 2010

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 »

End Of Lease Charges, The Sun Joins The Fight

Tuesday, 2. March 2010

I am grateful to Jo Tacon, Editor of the journal Motor Finance for which I write a regular (and clearly the most popular) column. Jo forwarded a couple of articles that appeared in the Sun newspaper, written by Kelvin MacKenzie. In the articles he complains about the end of contract charges imposed upon him by Mercedes Benz Finance (MBF) after returning his end of lease car. The charge was £1,800 and I Read more »

Beware Of Inspection Charges When Making An Insurance Claim

Friday, 19. February 2010

My Mercedes is being a bit of a pain. Since I got it a year ago the dealer has had two tries at sorting out two warning lights that came on unexpectedly, one related to the tyre pressures and the other the ESP system. I asked if I could drive the car safely and they pointed out that as the warning lights were orange and not red, as long as I checked my tyre pressures all should be ok till I could get the car in for repair a Read more »

BMW Drivers Are The Worst – Confirmed

Tuesday, 16. February 2010

Auto Trader Compare, the insurance comparison site set up by Autotrader, the UK’s largest motoring website, carried out a survey to find out which drivers are considered to be the worst amongst motorists. The worst drivers, as voted by a massive 59% of respondents, are BMW drivers. They are accused of  various bad driving habits including – driving too fast (68%), overtaking in dangerous situations (66%), Read more »

Graham Hill Reveals Top Dealerships For Service

Thursday, 26. November 2009

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 »

How To Re-set Service Lights

Thursday, 19. November 2009

Under the new EU Block Exemption rules you can now have your car serviced at any recognised service garage provided the quality of service matches that laid down by the manufacturer. I still recommend that original manufacturer parts are used but this isn’t necessary provided they meet original spec. However, a problem exists with the service lights that warn you when a car is due for service. Some Read more »

BMW Go Bonkers

Tuesday, 17. November 2009

As all of my readers know I treat manufacturers, dealers and lenders with the greatest of respect and don’t go out of my way to make them look daft. I don’t need to as they normally manage that quite adequately themselves without my help. But then I read an item about BMW who are now entering the short term rental market because their fleet sales are down. Now for a prestige manufacturer to enter the short

 term rental  market it smacks of desperation as they have to give away around 30% or more discount and bonus in the cars. Whilst they are off doing that Mercedes are wiping the floor with them with C Class sales via dealerships in association with brokers who are offered special terms. It wouldn’t take much research to identify this potential opportunity. In the meantime BMW are offering cars to an accident management company who offer like with like cars to those whose cars are in being repaired following an accident. BMW sales director Sean Green has pointed out that ‘It is a conquest opportunity for us’, ‘This is an area we hadn’t looked at in the past and are now putting our toe in the water.’ Now I have my daft moments but one would assume that if your car is being repaired the person using the BMW, whilst it is being repaired, will not be placing an order as soon as it arrives out of a body repair shop. In addition the cars supplied on a like for like basis will mean that many drivers already drive a BMW. In the meantime, my brother in law who wanted to replace his BMW with another was looking at a £100 per month increase, so took an alternative car and others that want to drive a BMW are now driving Mercedes as a result of them passing on bonuses through leasing to drivers who are looking for a car NOW! That’s conquest business, not waiting for someone who drove a BMW whilst his car was being repaired to decide on a BMW for his next car in a couple of years. Is it me? By Graham Hill

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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 »

Brokers Better For Dealer Leases

Monday, 26. October 2009

Over the last few months we have seen a great deal of activity in dealerships offering a greater variety of finance products to customers. Manufacturer provided finance facilities are offered through ‘captives’ that are either funded by the manufacturer or through a major finance provider. The funder provides the facilities on documents printed in the name of the manufacturer. As a result of increased competitiveness Read more »

Car Safety Systems Explained

Friday, 11. September 2009

Whilst on the subject of safety and collision avoidance, I’m often asked what certain expressions mean when I mention them in car specs that I send out in my video car deal of the week. So to help out here are a few quick summaries:

 ABS: Anti Lock Braking system, this prevents the wheels from locking under heavy braking. The disc pads grip the disc, then release then grip again but very fast thus preventing a skid and allowing the driver to steer whilst braking without skidding. It sounds like a machine gun when it operates.

EBD or EBFD: Electronic Brakeforce Distribution, this system varies the amount Read more »