The Best Car Finance Blog In The World

If you are about to buy a used car beware of Thurso in Scotland, as reported in AutoExpress. Apparently there has been a spike of scams in this area of the country according to vehicle finance and history checker, HPI. The scam isn’t new but it’s caught out several people because the scammers sound so believable. It involves a non existent car being Read more »

It seems that lenders in the vehicle finance sector are becoming more anal in the way that they are transacting business, requiring more information than ever before when applications are made in company names and becoming very tough about complete information and proofs when it comes to personal applications. This has led to customers Read more »

None of us particularly likes to deal with finance, except me of course but then I’m a bit nuts! But finance is like a critical ingredient in a delicious cake. Get it right, choose the right ingredient used in the correct way and magic happens. Get it wrong and all that time and effort and expense results in a total disaster. When customers come to me many haven’t heard Read more »

This blog is now number one on Google search out of 103 million worldwide. This makes me the one that so called experts seek advice from. Accountants question me then charge customers to pass on the information that I provide. Dealers and F&I managers use this blog to answer questions from customers and the press come to me for comments whilst the press take the RSS Feed . It all adds to the feeling by many that I am the UK’s foremost car finance expert.  Read more »

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I am very Mr Angry of Sussex. You see I get very frustrated when it comes to poor customer service, not helped by the fact that I’m the UK’s leading authority when it comes to vehicle finance so when I see a so called expert or an authoritative car magazine or national newspaper giving so called advice which is flawed I get bloody furious. Take a Read more »

According the British Vehicle Rental and Leasing Association (BVRLA) we are about to see and increase in the number of banks re-entering the car finance market which would be great news for all. Although this optimism is not shared by all including me. I have seen some funding enter the vehicle finance sector, not from banks but from investment Read more »

A few weeks ago I had a bet with an old friend of mine over one of the critical sectors that I believed had been omitted from the new EU Consumer Credit Directive (CCD) which came fully into force from 1^st February. The question was over Hire Purchase. I knew that the sister product, known as Conditional Sale, was included but it was my understanding that Hire Purchase was excluded and was therefore simply controlled, as it always has been, by our existing Consumer Credit Act. Confused? It gets Read more »

During many of my discussions and presentations it is often clear that those using vehicle finance or personal loans think that there is some sort of master format that means they don’t have to bother reading it. Those that may understand that this isn’t the case may ask which terms are important, the ones they need to read? Whether it is only necessary to understand the terms in a lease as opposed to a personal loan. The fact is that EVERY term in a contract is important and should be read and Read more »

On the 14^th September I attended a meeting of the good and great in the vehicle finance industry at the London offices of Grant Thornton. The purpose was to debate the challenges of the industry which would be reported in the journal of the industry, Motor Finance. There were many conflicting views but the bottom line is that we are still in for a tough time. Clearly there is a lack of liquidity in the vehicle finance Read more »

I am, without doubt, the leading expert in car finance in the UK. However, wherever you look there are ‘experts’ who will not fail to give bad advice. This seriously winds me up because it can cost people a lot of money and in some of the worst cases, their home. It’s bad enough when this bad advice is given by well meaning friends down the pub or an accountant who is really not specialist, as I am, in vehicle finance. Read more »