Friday, 26. August 2011
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We know that the cost of the battery pack that will be fitted to the new electric vehicles will be more than a pack of 12 Duracell AA’s but up until now we have all been speculating as to the true cost. £1,000, £5,000 or even £10,000? If Read more »
Thursday, 25. August 2011
Are gadgets a waste of time and money? If recent reports are anything to go by it’s a resounding yes. Some recent additions such as brake assist and Electronic Stability Control (ESC) are there as vital safety aids but few drivers know Read more »
Thursday, 25. August 2011
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After reporting a few weeks ago that the Government was not going ahead with roadside drug testing equipment we now learn that after the police stopped a million motorists across 29 countries and tested for drink and drugs it has Read more »
Monday, 22. August 2011
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Most employers and employees know that there is a tax and NI free allowance payable of 45 pence per mile when an employee uses his own car for work. This applies to the first 10,000 business miles per annum, after that it drops to 25 pence per mile. If the employer only actually pays 20 pence per mile the employee can claim the difference (25 pence Read more »
Thursday, 18. August 2011
Here’s an interesting piece of information if you are a young driver or you know someone who is a young driver looking to reduce their ridiculous insurance costs. Auto Express found a way for young drivers to shave hundreds of pounds off their insurance cost by switching to a provider that takes the years of having a provisional licence into Read more »
Friday, 12. August 2011
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Is it a bird? Is it a plane? No it’s a car! And it’s not James Bond in the driving seat. It’s the latest car plane from the US. These ‘vehicles’ have been approved for use in the US and have now been approved for use in the UK. The cars are Terrafugia Transition and cost £155,000. They have been given clearance by the National Highway Traffic Safety Read more »
Wednesday, 10. August 2011
The credit system in the UK is in need of a really good shake up. Credit decisions seem to be made based on some very iffy information and totally illogical. Take two people doing similar jobs, earning the same amount of money who both apply for credit on similar cars. The first client has a perfect, unblemished record. He has a mortgage and a couple of Read more »
Friday, 22. July 2011
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I am often asked how the lease rates on some cars can be so low compared to the cost of the car? Take for example the deal we had last year on the VW Passat CC (their new 4 door coupe). If you had taken the car on a 2 year lease you would have paid the equivalent of 26 payments x £229.99 + VAT. That’s a total of £7,175 on a car that cost around Read more »
Wednesday, 20. July 2011
Whilst I hear many a complaint in the pubs and bars about the fact that you aren’t charged the half percent bank base rate interest when you take a loan or HP, most people understand the reason why. If lenders were to charge half a percent interest they would soon go bust as that wouldn’t cover the cost of the documents let alone all the other costs Read more »
Monday, 11. July 2011
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Been a busy week for me this week, had a board meeting of the NACFB, of which I’m a director on Tuesday 28th followed by a lovely dinner, hosted by an old friend of the association, Bob Lefroy, editor of Business Money. This all took place at the Birmingham NEC Hilton Metropole and what a hotel that is. Amazing in size and activity. Add in a Neil Read more »