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Last year Direct Line carried out a survey into car vandalism and found it to be at epidemic levels. They found that most people (64%) that had their car vandalised knew the person who vandalised their car. They questioned offenders as well as victims and found an ex boyfriend or girlfriend to be the top target.

Thinking of a change but unsure as to the best way to finance your car? Then you need a copy of my car finance book, Car Finance – A Simple Guide by Graham Hill. Click on the link below to buy the best car finance book on the market, available as a Kindle Book and Paper Back.

This was followed by a current or ex boss and even the ex’s new partner! Next door neighbours or people living in the same road were also offenders. So much for the assumption that all vandalism was caused by testosterone charged young males high on Special Brew and crack cocaine! So what was the type of damage caused I hear you ask?

In top place is keyed or scratched paint, followed by damage to door mirrors then smashed windows. In fourth place is radio aerials snapped off then snapped windscreen wipers. Tyre slashing is in 6^th place, stolen badge next and in 8^th place smashed lights, in 9^th dents from Car Surfing (whatever that is) with graffiti or paint on car at 10^th. So there you have it, if you are going to fall out with any of the above make sure you lock your car away! By Graham Hill

Bits & Pieces: Ageism still exists it would seem! Insurance companies can still turn you down for insurance based on your age and this happened to over 100,000 last year. However, to help the elderly keep mobile the Government introduced a scheme that meant that if an insurance company would not provide cover due to age they must refer the driver to an insurer who will and apparently it worked as they are all happily still driving. Stop complaining about old drivers – you’ll be there one day!

Thinking of a change but unsure as to the best way to finance your car? Then you need a copy of my car finance book, Car Finance – A Simple Guide by Graham Hill. Click on the link below to buy the best car finance book on the market, available as a Kindle Book and Paper Back.

For those who enjoy the occasional spliff then jump into their car and weave their way home in the belief that they won’t get ‘done’, think again as the Government has announced an investment of £120,000 for cannabis screening devices to be installed into police stations in an effort to tackle drug driving. It is estimated that drug driving is responsible for 200 deaths on the road each year – no laughing matter.

On the earlier subject of age there are now over a million drivers on UK roads aged over 80 and amazingly there are 195 aged over 100. The Institute of Advanced Motorists added that older drivers are actually safer with fewer, in terms of percentage, having points on their licences. By Graham Hill

A couple of weeks ago I attended a conference, discussing the world and European car markets. One of the speakers said that he believed that the geeks would soon take over the car industry. We are already seeing Google developing a driverless car but unlike BMW and Audi, who are also developing driverless technology, the Google car will be packed full of amazing geek stuff.

Thinking of a change but unsure as to the best way to finance your car? Then you need a copy of my car finance book, Car Finance – A Simple Guide by Graham Hill. Click on the link below to buy the best car finance book on the market, available as a Kindle Book and Paper Back.

At the time I pretty much dismissed what was being said as pie in the sky and years away. Then I read about a new car stereo being launched by Alpine, the CDE-185BT. It looks like a normal stereo head (that’s the display to the uninitiated) but you then start reading what it can do. First off you can control everything with your smartphone.

It connects with facebook and keeps you up to date on the go. You don’t have to read anything it reads the updates out loud to you. You can even ‘like’ posts. Through its unique Tunelt feature you can custom tune from bass levels to speaker output and it can all be done via an app on your mobile phone, available as an Android or iPhone app.

You can stream music through Bluetooth, you can operate phone functions using hands free or talking through the head unit. There are loads of connection options through the front and rear of the unit. A USB connector is incorporated into the removable faceplate, ready to play music stored on a memory stick. There is also a 3.5mm mini jack aux input. The clever way that the unit is powered means it won’t switch off when the engine of a stop/start car switches itself off.

You can even buy extra cabling to connect up the unit to the car’s remote steering wheel controls. Finally it has variable RGB illumination. This means that you can have over 150,000 different lights behind the buttons and inside the two line LCD screen. And to think I thought it was just another stereo. Car manufacturers take note! By Graham Hill

One of the main reasons why drivers refuse to consider leasing as an option is the misguided mental evaluation of their car when they eventually part exchange for a new one. By the time reality hits them it is far too late because by the time they learn the truth the car is three years old and they have lost £’000s.

Thinking of a change but unsure as to the best way to finance your car? Then you need a copy of my car finance book, Car Finance – A Simple Guide by Graham Hill. Click on the link below to buy the best car finance book on the market, available as a Kindle Book and Paper Back.

Let me explain. I carried out a not too scientific experiment. I used as an example a Renault Scenic which cost about £15,000 brand new. I asked about 30 people, friends, relations, people down the pub etc. what the car would be worth when 3 years old with 30,000 miles on the clock. The answers ranged from £7,000 to £10,000 with the majority £8,000 – £9,000.

The actual value of that car in the trade and what would be achieved as a part exchange was just under £4,000. Now here’s the problem, when working out the potential cost over 3 years most of those asked would have said that the car would be worth around £7,000, which, after adding interest charges, having taken the car on HP, would have compared roughly with the lease costs over the same period.

However, the truth is that the resale or part exchange estimates were around £4,000 adrift making the lease option much more favourable but as I say you only find that out when you sell the car. Auto Express carried out a similar exercise when they recently asked 12 drivers what they believed their cars were worth (I don’t just throw these things together, it’s called planning) and they came up with similar findings.

They used the trade valuers CAP to come up with the valuations. Other than one lady with an 09 Focus who thought her car was worth £4,500 but in fact it was worth £5,500 all drivers over estimated their car’s true value. One driver with a BMW M3 Evolution was over £3,000 adrift with most other drivers around £1,000 to £2,000 over the true value.

Having said that most cars were 5 to 10 years old so you would expect the estimates to be a little closer to the truth. Philip Northard of CAP said that the reason why many drivers over estimate the value of their car is that when they check on sites such as Autotrader or notice a similar car on a dealer’s forecourt, the figures they see are retail figures and include the dealer’s margin.

Of course you won’t achieve these figures when you take your car into the dealer as a part exchange. The argument over expected future values won’t go away, I’m sure, but I thought it might be worth mentioning if you are considering leasing as an option, you take away all risk in the depreciation and don’t get disappointed when you aren’t offered what you thought your car was worth when you come to replace it. By Graham Hill

For years manufacturers have shared ‘bits; in order to keep costs down. Many vans have the same platform and various parts and until fairly recently you would see several makes of van coming off the same production lines in Southampton. Well now you are going to see the same sharing thing happening with sports cars.

Z4 Sdrive35i (Photo credit: kenjonbro)

Our dodgy weather in the UK means that sports cars will never sell in big numbers but as a nation of motor sports lovers we don’t like giving up sports cars altogether so we are seeing a few manufacturers joining forces to make sure the tradition continues. The first twins were the Toyota GT 86 and Subaru BRZ. Subaru supplied Toyota with its 2.0L Boxer engine as well as a modified version of its WRX platform.

When the new Mazda MX5 and Alfa Romeo Spider are launched later this year, whilst they will look wildly different they will share several common bits. Even further down the line Renault will be re-inventing its famous Alpine whilst Caterham will be producing its own version based on the same platform.

Both are likely to have the same powertrain and even be made at Renaultsport’s facility in France. But the really big news is that the new BMW Z4 is being developed with Toyota. And that Toyota will be bringing out its own version based on the same platform, powertrain and materials. I’m all for it if it keeps the sports car tradition going in this country.

It wouldn’t be Britain if you weren’t cruising around the M25 in the middle of January with the sun shining but minus 10 degrees centigrade and a little old couple in an MGB, muffled up to the nostrils comes racing past you with the hood down doing 95mph. Long may it continue for the nutters out there! By Graham Hill

Related articles

• BMW and Toyota Will Jointly Develop Sports Car Platform. New Supra to Result? (thetruthaboutcars.com)

Bus Lane (Photo credit: didbygraham)

Years ago, at the age of 21, I worked for the International Perfume manufacturer Faberge as their cost and management accountant. For those old enough to know they were the creators of world changing Brut, the first ever unisex fragrance. One of the advantages of working there was access to cheap bottles of Brut and any other product they sold at the time.

Thinking of a change but unsure as to the best way to finance your car? Then you need a copy of my car finance book, Car Finance – A Simple Guide by Graham Hill. Click on the link below to buy the best car finance book on the market, available as a Kindle Book and Paper Back.

Perks of the job, in the same way that my dad and my brother in law received big discounts on air travel by working for British Airways. But what benefits do those men and women that drive around all day in dayglow cars with flashing blue lights all over them. Not many I would suggest.

They don’t even get to take the company car home for private use in the evening and weekend, the wife might not agree but the kids would love it. One of the few benefits I can see is that motorists seem to get out of the way when they see a police car waiting to move into traffic or are cruising through the centre of town.

You might also assume that they have free access to restricted areas where only busses, taxis and cyclists are allowed and of course bus lanes. After a busy day of chasing around after cracked up 15 year old joy riders, stopping robbers who are likely to pull out a sawn off shotgun from under their seat after being forced to stop by one of these brave boys and girls in blue, you would think that they are entitled a little bit of privilege, such as nipping down a bus lane in order to get home to their bangers and mash.

If you thought that and you live in Birmingham you would be wrong. Birmingham City Council actually send out fines to the police for improper use of their bus lanes. Have you ever heard of anything so amazingly bloody ridiculous. Since last September more than 400 notices were served on the police amounting to £24,000 after putting up signs barring all vehicles, other than buses and taxis of course.

They then used CCTV to catch those driving down the bus lane and issue £30 fines that double after 14 days. So far about a quarter of the tickets issued to the police have been cancelled as the police have proven that the cars were on emergency calls. They have had to use valuable resources to prove that the car was on a shout at the time.

The police have also confirmed that they will be looking into all remaining fines to see if the car was on an emergency call. WHAT??? Instead of stopping villains from duffing up old people and nicking their life savings the police will be busy checking their telemetrics and video footage to see if the drivers were on emergency calls at the time of being caught in a bus lane.

Is it me? Please tell me it’s not me that doesn’t get it? Whoever is responsible in the council for this ridiculous situation, and I don’t care whether you are a man or woman – you are a total knob! By Graham Hill

Related articles

• Councils not amending bus lane signs (bbc.co.uk)

We are getting close to the day when the new Financial Conduct Authority (FCA) takes over from the Office of Fair Trading (OFT) and launches its new guidelines to the finance industry. The new rules will affect all parties involved in ‘consumer’ finance. At one end of the spectrum the new rules will affect consumers as well as non limited SME’s such as sole traders and small partnerships, in the same way as the Consumer Credit Act covers these entities at present.

Thinking of a change but unsure as to the best way to finance your car? Then you need a copy of my car finance book, Car Finance – A Simple Guide by Graham Hill. Click on the link below to buy the best car finance book on the market, available as a Kindle Book and Paper Back.

The rules will also affect every provider of ‘consumer’ finance. In the motor trade that will include the finance organisations as well as dealers, brokers and introducers such as accountants and IFA’s, all will be affected by the new rules which will come into force from the beginning of April 2014.

For those currently providing advice they should have applied and paid for ‘Interim Permission’ that keeps their Consumer Credit Licence active whilst the changes are introduced. If, whoever you are dealing with, doesn’t have interim permission they are trading outside the law. The problem is that we don’t yet know exactly what the rules will be, making it impossible to prepare for them.

One thing is for certain, we will have much stronger controls imposed upon applicants for finance to prove that they can afford the repayments. This raises two issues, the first goes to the core of the credit industry which is down to the judgement of the underwriter. The word affordability is used in the proposed regulations but what does it mean.

We are told that applicants will have to provide some form of affordability proof. This is likely to be an income and expenditure statement. But if you take a person who can demonstrate income of £1,000 per month with expenditure of £1,001,including his vehicle costs, does this mean that he fails the affordability test?

He is hardly likely to pop to the pub for a pint if it means he can’t afford the repayment on his car which he needs to get to work in the first place to earn his £1,000 per month. So it will be interesting to see how this pans out and what additional pressures are placed on those providing and wanting finance.

It is a bizarre situation when someone else has to tell me if I can afford a repayment on a car or not. Personally I would die of starvation before I would give up my car through non payment of the monthly lease. Which brings us to the next point. After carrying out a more substantial test on applicants for finance it is reasonable to assume that far fewer applicants will receive credit approval, otherwise what would be the purpose of the massive investment and the changes to legislation?

So let’s think about that. I have a client who applies for finance on a Ford Fiesta at a prime rate of £150 + VAT per month. Unfortunately he fails the affordability test so he is now forced to go down the path of sub prime lenders. The current rate is around £295 + VAT per month for the same car.

But the sub prime lender must surely apply the same affordability test or is it a little less stringent – in which case it defeats the objectives of making sure the client can afford to make the repayments in the first place. By making sure he isn’t offered finance at £150 per month how on earth is he likely to be able to make payments at twice the rate?

The whole thing is starting to look like a farce but very worrying at the same time. The only advice I would give at this stage is that if you are looking to change your car this year do it before April you could give yourself an awfiul lot of work and be badly disappointed! Watch this space. By Graham Hill

You know you are starting to morph into your dad when you are told about new technology and you start asking why rather than when. I recall the introduction of power steering and my dad saying, ‘Why?’ Followed by his reasoning, ‘You can’t feel your way round bends, it’s dangerous and will lead to accidents.’

Thinking of a change but unsure as to the best way to finance your car? Then you need a copy of my car finance book, Car Finance – A Simple Guide by Graham Hill. Click on the link below to buy the best car finance book on the market, available as a Kindle Book and Paper Back.

Next came electric windows, again my dad’s response was, ‘Why?’ ‘Just something else to drain the battery and go wrong, it’s the beginning of the end – mark my words!’ Not sure what it was going to be the end of but here I am reading about the latest technology that will be used to control your entertainment system.

No not touchscreen, that is so yesterday’s technology, we are talking eye technology that by 2017 will be used to control your stereo system. Australian manufacturer Seeing Machines is developing the new technology based around a smart camera on the dashboard focused on the driver.

It can monitor the driver’s head movements and how open their eyes are. It can also track what they are looking at so instead of having to reach over to the touchscreen to say switch on the radio you simply have to look at it! Why?? Ken Kroeger, CEO of Seeing Machines said that the camera was accurate to one degree over 1.5 metres.

The article then bangs on about reconfiguring instruments so icons would be closer to the straight ahead eye level position, even embedded into the windscreen but I’m going to stop here because I’m now bored because I cannot for the life of me think why this could be of any help whatsoever.

I drive down the motorway in my Mercedes and after 10 minutes of driving I often hear a ping and a small picture of a coffee cup appears on my dashboard because apparently I’m suffering from fatigue and am in urgent need of a stop and a cup of coffee. Sod off! I know when I’m feeling tired and it isn’t 10 minutes after getting behind the wheel after 8 hours sleep.

Is this a joint venture between Mercedes and Costa? For goodness sake – as my dad would say, and I agree with him, Why? By Graham Hill

As the spec of new model year cars start to include DAB digital radios as standard the Government seems to be stalling over the final switch off date of analogue signals. The initial deadline was 2015 but culture minister, Ed Vaizey refused to provide a timeframe when asked during the recent Go Digital Conference in London.

Thinking of a change but unsure as to the best way to finance your car? Then you need a copy of my car finance book, Car Finance – A Simple Guide by Graham Hill. Click on the link below to buy the best car finance book on the market, available as a Kindle Book and Paper Back.

Currently only 40% of new cars have DAB radios fitted as standard with the figure set to increase to 50% this year. The switchover will only take place when more than 50% of all broadcasts are digital, it currently stands at 35%. Mr Vaizey said, ‘I absolutely believe that the future of radio in this country is digital.

We cannot go back. We’re not there yet, so now is not the time to switch.’ How long have they had to get this sorted out? Piss ups and breweries spring to mind.

Related articles

• Ed Vaizey ‘won’t be pushed’ into digital radio switchover date (theguardian.com)

New moan started, a few years ago a journalist with about as much knowledge about all things financial as a garden fork started a blog. In fact it was started about the same time as I started mine.

The difference was that I didn’t allow every John Henry and his mate to post things on my blog, unlike my charismatic friend. If anyone wanted to post anything on my blog I would mediate and if what they wanted to post was incorrect or simply trying to sell their pet insurance policy I would trash it.

Thinking of a change but unsure as to the best way to finance your car? Then you need a copy of my car finance book, Car Finance – A Simple Guide by Graham Hill. Click on the link below to buy the best car finance book on the market, available as a Kindle Book and Paper Back.

On the other hand many other blogs would allow complete (but often well intentioned) doughnuts to express opinions online which others would then take as absolute gospel. For example I have seen someone desperate because they are facing a £1,500 charge to repair a PAS pump, 3 weeks after the manufacturer’s warranty has run out on his car, seeking advice because he’d been told the repair was outside the warranty and therefore fully chargeable.

As you know from postings on my blog this isn’t unusual. In this case the car had only covered 15,000 miles but some numbnuts said, oh dear, sadly as you are outside the warranty there is nothing you can do, chat to your bank manager and arrange a loan. Which is what the poor sod did!! So this ill informed do-gooder just cost the driver with the problem £1,500.

The truth is that under the Sale of Goods Act the driver had a legitimate claim against the supplying dealer as the goods have to be as described, fit for purpose and of satisfactory quality. The ABS pump should last as long as the car, at least 8 years, so the dealer should make at least some contribution towards the cost of repair as the item concerned would appear to not be of satisfactory quality.

Oh and notice I said dealer and not manufacturer, the claim is against the company that sold you the goods, not the manufacturer. It’s up to the dealer to seek compensation from the manufacturer. This is just one of many pieces of advice given by ignorant subscribers with no legal knowledge whatsoever.

Sometimes on this and other blogs the advice has been accurate at the time it was given in say 2009 but the law has since changed and the advice is now wrong. So if you are one of those people that searches through blogs for accurate information, tread very carefully, the advice you follow could cost you a fortune.

It’s about time that blogs were properly policed before too many people catch a serious cold. 2^nd moan over! By Graham Hill