The Best Car Finance Blog In The World

A recent report in Fleet News has revealed that the EU is planning a new carbon tax on all motor fuel. This would add a further tax to VAT and fuel duty already charged. Thomas Carroll, the EU’s taxation directorate general, told a recent meeting of European accountants that the new commission could review the EU’s 2003 energy taxation directive as early as the New Year. The draft proposals insist that excise duties Read more »

VAT is about to increase as of 1^st January 2010. This means that there are going to be some very strange things happening between now and the end of the year in order to entice you to part with your dosh well in advance of your new car being delivered. If you are buying a new car for cash, that won’t be delivered until early next year, you may want to pay for the car in December in order to save some of the VAT. It is Read more »

As you are probably aware the VAT rate will increase back to 17.5% on the 1^st 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 »

Experts are warning that the hike in fuel duty taking place this week by 2.3 pence per litre could be the start of significant increases on the way as crude oil increases in cost and the reduced rate VAT is set to end. The RAC predict that pump prices could return to the levels of summer 2008 at around £1.20 litre. So if you are thinking of changing your car you should make sure that you take a close look at fuel consumption, there is no longer the clear distinction between petrol and diesel. By Graham Hill

I’m confused! I could understand the bailout of the banks, we can’t allow the banking system to collapse. And whilst the VAT cut was never going to have a significant effect on the economy in terms of kick starting expenditure it was a small step in the right direction but why are the Government listening to the car manufacturers? Of course it’s terrible when people lose their jobs and making loyal and good workers redundant is one of the hardest things Read more »

Did the measures regarding VAT, announced by the Chancellor of the 24^th November, have any affect on drivers or the industry? Not much is the answer. The VAT drop on fuel has been balanced out by increased duty but will the duty come off again when VAT returns to it’s current level? It will also have the affect of putting up prices Read more »

Did the measures announced by the Chancellor of the 24^th November have any affect on drivers or the industry? Not much is the answer. The VAT drop on fuel has been balanced out by increased duty but will the duty come off again when VAT returns to it’s current level? It will also have the affect of putting up prices Read more »

We are not in a recession – yet! But signs are that we are moving that way so now may be the correct time to consider leasing your car and take advantage of some of the deals that are about at the moment. It’s all about cash flow and contract hire will certainly provide you with the best cash flow and there is some even better news which I’ll talk about in a moment. If we look at the Audi A6 that we have on special at the moment the cost after 3 months payment in advance would be £329 + VAT per month (£387 per month inc VAT) but if you bought the car on HP over 4 years you would be paying close to Read more »

As the economy tightens and fuel prices continue to increase now may be the time to consider leasing as a cash flow alternative to purchasing whilst also taking out the risk and uncertainty of outright purchase or using a purchase scheme. For around £250 per month including VAT you can lease a £17,000 car that would cost nearly £200 per month more out of your cash flow, if hire purchased over 4 years then to find that the vehicle has negative equity in it if sold after say Read more »