The Best Car Finance Blog In The World

As if to support my comments made over the last few weeks market analyst Datamoniter has recorded a growth in vehicle leasing in the fleet sector as more companies release cash tied up in their vehicles and reduce exposure to market conditions by selling off the cars they own and replace them with leased vehicles. New vehicle sales generally slumped further in August from the July drop of 7.3% to an unprecedented 15.6%. Consumers, unaware of the cash flow benefits of leasing new cars, have really Read more »

Whilst we are pretty much ripped off in the UK when it comes to new cars compared to the US it sometimes has advantages. At the moment many leasing companies in the US have refused to take on any more leasing business as the risk is all on them and the current drop in used car values is costing them a fortune. In order to achieve cheap rates in the UK the manufacturers have to Read more »

Whilst the city shakes to the after effects of the Lloyds TSB/HBOS takeover no one has yet mentioned the effect on the car leasing industry as the new company will not only result in control of the mortgage industry but it will also give domination over the car leasing industry. In May 2006 HBOS took total control of Lex Vehicle Leasing (LVL) by buying out the 50% shareholding owned by Aviva. This gave HBOS Read more »

Maybe we need the RAC to spell out the obvious when a third of the country doesn’t know what APR is and according to www.honestjohn.co.uk and British Car Auctions (BCA) a third of the public don’t know how to tell the age of a car by its number plate. Well strangely I can’t tell the age of a car by its number plate either. And I don’t consider myself to be as daft as a brick! For example, Read more »

If you are one of those that has downloaded my introductory video on my vehicle finance training you will know that I have very little faith in the ability of the press to provide proper advice on vehicle finance, in fact I said that some of their advice is criminally misleading. However you expect the Times and Telegraph to at least do some basic research before throwing misleading information onto their online sites. You expect rubbish from the popular press but not from the more upmarket news and information providers. So what is it that has made me so angry? Read more »