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I have read several reports recently complaining about the motor insurance industry, it’s pretty much in turmoil with anomalies, inefficiencies over charging and deceit. I reported recently that some companies are now charging substantial arrangement and documentation fees in order to keep the monthly premiums low. We all know that there are a trillion terms in each policy making straight comparison very difficult so we tend to go for the cheapest and hope for the best. By that I mean try Read more »

After years of warnings in my newsletter and on my blog the British Vehicle Rental and Leasing Association (BVRLA) has acknowledged that there are crooks offering leasing online who con consumers and small businesses out of money. I have had countless letters and emails over the years from those that have leased vehicles saying that they have lost money by trusting online leasing providers who had great web sites and extremely friendly and helpful phone support. They certainly Read more »

Just off on holiday abroad? Well if you are thinking of hiring a car you should arrange it before you leave according to Holiday Autos. They are reporting an increase of around £100 per week in some resorts as the rental companies attempt to offset the effects of the recession onto holidaying Brits. For example a 7 day hire in say Palma Majorca.now costs an average of £247 compared to £142 12 months ago and £93 in Read more »

As more companies understand the risk attached to allowing employees to drive their own cars on company business, many have decided to avoid the risk of the car not being in roadworthy condition or the driver driving a car that isn’t properly insured by renting cars as required. Avis have recognised this and has also turned its attention to businesses for its growth. They are not only targeting the large fleets but also Read more »

If you are hiring a car or van over the Christmas period it might be wise to ask if you can see the service book before taking the vehicle. There have been some warnings issued that some small daily rental companies have cut costs by not having their cars serviced on time, especially those that are keeping cars longer. The larger rental companies tend you only keep their cars for 3 – 6 months but the smaller operators are Read more »

I mentioned in recent items the move in the industry from 3 rentals in advance to 6 rentals when contract hiring vehicles, suggesting that this could be as a result of  lenders requiring more security by taking larger upfront payments. It has now come to light that this is more likely to be the case and 6 advanced rentals likely to become Read more »

Good to see that Alphabet, the car leasing company, has spotted something in the new tax rules that are to come into force next April that I reported upon many weeks ago. Under the current rules you can only charge to profit a percentage of the monthly rental cost of a contract hire lease once the cost of the car exceeds £12,000 up to a maximum of a 25% disallowance. This variable rate has now been replaced by Read more »