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Unless you work in the finance industry you may not fully understand the term ‘credit crunch’. It is simply the running out of money to lend, hence the reason why the Government is having to step in to inject more money into the economy and provide money for the banks to lend – in theory. Of course all they are doing is using the money to bolster their balance sheet making the ‘cash in bank’ look a little healthier. The problem for you and me is the ability to borrow money, 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 »

New regulations have come before Parliament that will allow Highways Agency traffic officers to authorise the removal of broken down and abandoned vehicles from motorways and A roads. This will give Highways officers similar powers to the police. Could this be the thin end of the wedge? By Graham Hill

Hertz have announced their entry into the Car Club market as companies and consumers look at ways to reduce their car costs both throughout Europe and in the US. Locations are being selected throughout the UK and they expect to launch later in the year. Following existing models that are working they are expected to charge a monthly membership then the use of the car by the hour. The expectation is Read more »

My quote of the week goes to a spokesman for BMW‘s UK operations following an announcement that BMW cars were to receive a substantial price hike. He was trying to reassure us in the UK that we were not included in the expected increases. The company had issued a profit warning and said that due to increased oil and raw material costs they would be forced to increase prices – but not in the UK – he said, Read more »

You couldn’t make this up. Apparently in the USA where fuel prices have rocketed to about 30p per litre, thefts of fast food fryer oil has run out of control. It is now being traded on the commodity markets at $2.50 a gallon. The oil can be turned into fuel for cars and trucks using a conversion kit. Recently, police arrested a man for stealing Read more »

The Association Of Chief Police Officers are pushing to have the drink drive limit reduced from 80 milligrams to 50 milligrams in order to bring it into line with most of Europe. They admitted that the message seemed to have been received by young drivers but that it was now time to refresh that message. Another factor is that many British travellers to Europe are not aware of the differences in drink driving levels and with the possibility of drivers losing their licences in the UK as a result of drink driving in the EC drivers should become accustomed to drinking less if they are to drive abroad.