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It’s turned out to be a pretty busy week following the launch of my new book, Graham Hill’s Simple Guide To Car Finance which I hope will get everyone driving a great car. Preparing for finance is vitally important at the moment as there is little money about to lend. So that tempting low APR or monthly lease rate, that gets you sending off your finance application, may lead to a decline if you are not totally Read more »

Halfords owned Nationwide Autocentres has revealed the top ten 3 year old cars and 5 year old cars to pass the MOT amongst the UK’s best selling cars. This information is normally very hard to find so Halfords have pretty much broken ranks by revealing the information that I print out below: 

 

The figures were based on the top 10 selling cars during the year of manufacture according to Halfords. One or two surprises there I have to say but it would be interesting to see stats for all cars, not just the top sellers, now that would be revealing! Are you surprised by any of the figures, drop me a note? By Graham Hill

Related articles

• 2.6 million motorists would risk driving without an MOT (money.marksandspencer.com)

One of the last meetings I attended at which we discussed the state of the motor finance industry, we were told by one of the leading accountancy practices in the UK along with a couple of large leasing operations that the biggest problem faced by the industry was lack of liquidity or in other words lack of money to lend to you and me. This has been confirmed by the Society of Motor Manufacturers and Traders Read more »

According to Experian, the credit reference agency, automotive fraud increased by 35% during the first half of 2010. 34 in every 10,000 applications were considered potentially criminal. The majority were recorded in the second quarter showing an upward trend. First party fraud overtook third party identity fraud during April to June as the most common type of attempted fraud. First party fraud is typically where individuals attempt to hide adverse credit history or misrepresent their employment status to try and secure credit and other Read more »

As most cars have in car computers fitted these days wouldn’t it be a great option to have incorporated, whereby you input the cost per litre of the fuel that you put into your car and at the end of each journey or possibly during the journey, it showed you the cost of the fuel that you’ve used. Now wouldn’t that stop a few unnecessary trips, especially short trips that might return on 10 miles to the gallon compared with the average of say 40mpg. Any views? By Graham Hill

The AA has revealed that we are seeing a North South divide open up when it comes to fuel. Apparently prices are rising faster in the south than in the north. Recent drops in oil prices should have resulted in pump prices dropping but the garages in the south seem reluctant to pass on the savings. The average price of a litre of petrol in the north is now 115.5 pence but in the south it’s 117.2 pence. The gap has opened Read more »

My gadget of the week is a tool. It’s made by Dremel and is simply called the 8200 multitool. It’s a cordless electric battery operated tool that can cut, sand, grind and carve. It is claimed to have twice the speed of its rivals and has reduced weight due to the size and weight of its smaller lithium battery that takes around an hour to charge and can hold that charge, according to Dremel, for up to 2 years. The increased Read more »

Beware of service intervals. As most people know service intervals have been extending and it’s not uncommon for cars to have 18,000 or 20,000 mile service intervals. If you are a low mileage user this could suggest that if you had a car for 3 years, covering around 6,000 or less miles per annum, you wouldn’t have to carry out a single service to retain the car’s warranty. But this is unlikely to be the case as most Read more »

There was a lot of euphoria when the Government announced that they were going to ban the clamping and towing of cars parked on private land. The ban comes into force in November 2010, under new laws set to stop unscrupulous clampers from charging ridiculous amounts of money, to either have the clamp removed, or get your car back from a pound where the car has been towed to. However, before the anti- 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 »