The Best Car Finance Blog In The World

There was a programme on the BBC on Thursday 25^th November called Rip-off Britain. In the first part a couple bought a used car that broke down within a few miles of driving it off the forecourt. This is clearly wrong and the buyer was entitled to his money back but it seemed that lack of assistance from Trading Standards meant that the buyer accepted what the dealer said and sold the car on at a loss. It’s a disgrace. The RMIF representative stated that there are 9 million used cars changing hands Read more »

I’ve been in this industry long enough to know that there are ways to get hold of dodgy MOT test certificates although since everything is on central computers now I believed that it wasn’t possible to fiddle certificates any longer. Well to prove me wrong a garage owner has been jailed for 6 months for passing 2,500 vehicles without failing a single one. Video evidence was collected against Noor Hussain for presentation at Preston Crown Court. It showed cars going in and out of the test bay in 7 Read more »

On the subject of health and safety the Transport Research Laboratory (TRL) carried out a study into ‘in car’ distractions and found that reaction times were affected by what we listen to on the radio. It found that reaction times were 20% slower when listening to sport. The reaction times were found to be similar to those found when drivers had been drinking and driving. Whilst plenty of studies had been carried out on mobile phone use whilst driving, few studies had been carried out into the effects Read more »

Our Government said that they would review some of our health and safety regulations with a view to reduce the ridiculous levels that some regulations have reached making it difficult for companies to function properly. After releasing his report Common Sense, Common Safety, Lord Young has been criticised for ignoring some of the improvements in conditions that health and safety regulations have introduced into the workplace. Whilst it was Lord Young’s intention to reduce bureaucracy Read more »

Recalls have been massive this year, we now have the biggest ever announced by Nissan. There are 2.1 million cars affected worldwide with 84,000 in the UK. Most of the cars affected are Micras built from 2004 – 06 with a few Pathfinders. The problem is a faulty relay in the engine control module which can cause the engine to stall. Nissan insist that this is simply precautionary and that no accidents have been caused by engines suddenly cutting out. Nissan are sending out notices to car owners Read more »

A new code of conduct is set to be launched this month by the Retail Motor Industry Federation, the association responsible for dealers and workshops. The scheme is set up to promote best practice and help to maintain standards for motorists, covering servicing and repairs. However, not everyone is impressed as there are already others operating similar controls, such as the AA, who argue that there are already too many in operation. AA technical specialist Vanessa Guyll said, ‘Multiple codes Read more »

Not only is my blog still number one in the world on Google, Yahoo, Bing, MSN, Ask Jeeves and AOL when you search on the expression ‘car finance blog’ (on Google I am number one out of 77 million I’ve now found that I am 27th in the world on Yahoo if you search the expression ‘finance blog’ out of 1.6 billion. Not bad eh!

We all know the expression ‘A little knowledge is a bad thing,’ and it couldn’t be more true at the moment in the area of car leasing. As small businesses and consumers look for ways to reduce their costs, car leasing is being discussed more and more, then armed with sketchy information many are embarking upon leasing without knowing exactly what they are getting into. This isn’t being helped by confusing and conflicting advertising on the Internet as well as some very strange promotions Read more »

What has happened to the colour of our cars? Wherever you went a few years ago you would see a rainbow of colours driving up and down our roads but drive along a motorway these days you will drive along side a series of pretty monotone coloured cars. Three quarters of all cars registered this year are black, white, silver or grey. In 2000 the third and fourth most popular colours were blue and green. They have now dropped heavily in popularity according to leading automotive paint supplier, Read more »

I was talking to a client recently after he had been to a dealer for a test drive. Whilst there, he was shown a ‘pre-registered’ car that had just 10 miles on the clock and was £3,000 less than the list price. He was interested in the car and asked my advice and as this is quite a common occurrence I thought I would share the facts with readers of my blog. First of all there is no such thing as a pre-registered car with respect to dealers. This was made illegal by Stephen Byers at the time he was Trade & Read more »