Tuesday, 24. May 2011
The net is closing in on those that don’t insure their cars. The new rules that have just come into force enables the DVLA to clamp your car and even scrap it if you have no insurance on it. The new rules, entitled Continuous Insurance Enforcement extends the powers of the DVLA beyond issuing driving licences and vehicle registration documents to Read more
Wednesday, 1. December 2010
Insurance and fuel duty increases have been blamed for the inflation busting increase of 6.3% announced by the RAC in their Cost of Motoring Index. The average cost has increased by £346 over last year’s cost taking it up to £6,000. Depreciation has also had an effect although some costs such as Vehicle Excise Duty (car tax) and car finance have dropped. The annual study assesses the running costs of 17 new cars from the Toyota Yaris to the Land Rover Discovery. Each model’s bills are weighted Read more
Monday, 5. April 2010
Lease rates will have to increase for some of the larger ‘gas guzzlers’ as a result of the new showroom tax. However, there are some winners. If your new car spits out less than 130 g/km of carbon dioxides then you will pay no showroom tax and low road fund licence (car tax). The highest showroom tax is £950 for vehicles throwing out over 255 g/km of carbon dioxides. Aimed at discouraging large environmentally Read more
Monday, 8. March 2010
From the 1st April 2010 the new showroom tax is being introduced to severely penalise the most polluting cars. In addition the annual road fund licence (tax) increases also. In essence the showroom tax includes the first year’s road fund licence. The bandings run from A to M with A representing cars with CO2 emissions of less than 100 g/km with M representing cars emitting 265 g/km or more. For vehicles emitting Read more
Monday, 22. February 2010
From the 1st April 2010 the new showroom tax is being introduced to severely penalise the most polluting cars. In addition the annual road fund licence (tax) increases also. In essence the showroom tax includes the first year’s road fund licence. The bandings run from A to M with A representing cars with CO2 emissions of less than 100 g/km with M representing cars emitting 265 g/km or more. For vehicles emitting Read more
Monday, 30. November 2009
As with anything ecological there are some strong views when it comes to the debate on battery powered cars. The Labour Government believes that battery power is the way to go and is offering a £5,000 subsidy per battery powered car from 2011. This will cost £230 million but according to experts in the motor industry the future depends totally upon the ability of the battery manufacturers to develop batteries Read more
Thursday, 29. October 2009
More and more manufacturers are embracing the new stop-start technology in an effort to reduce car emissions to meet the targets set by the EU if they are to avoid some hefty fines. “But how does stop-start work Graham?” I hear you all shouting at your computer screen. In fact I can’t hear you shouting, I’m imagining it. In fact you may not even give a monkey’s banana but you’re going to be told anyway! Let’s take Read more
Wednesday, 11. February 2009
GE Capital Solutions Fleet Services has suggested that we could reduce our running costs by up to 10%. They suggest that better fuel management could reduce fuel cost, extend service intervals on some cars and reduce tyre wear. Move away more gradually from traffic lights, turn the engine off in traffic jams and drop your speed to the legal limits would have some dramatic affects. Check tyre pressures Read more
Monday, 6. October 2008
Next year should see an upsurge in contract hire sales as the new tax rules kick in. Professor Peter Cooke of the Centre of Automotive Management at the University of Buckingham (and one of my fellow contributors in Motor Finance journal) warned that the tax changes, to be introduced next year, will have a profound impact on the way that businesses fund their cars. Next year will see Read more
Saturday, 6. September 2008
If you are the sort of person who still likes to own your car then at some stage you will need to sell it again but according to contract hire company Lex it depends where you live as to how much you will get for your old car. If you have gone green and now own a hybrid or electric car you will be better off in the South especially around London as a result of the affects of congestion charging. Conversely Read more