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On the subject of scams there is a lot of evidence of  an old favourite amongst the more unscrupulous brokers returning. It was used a lot in the last recession and will no doubt be used even more as we have the added ‘bonus’ of a credit crunch as we move in the direction of another recession. It’s based on the deal that doesn’t exist, the sort of thing that dealers used to do a lot in the past by advertising a really cheap car to undercut all the local competition then telling the customer Read more »

I have been quite frustrated this week as a result of the plight of a lady who has a major problem with a finance company. As a court case is pending I cannot comment on the details but suffice to say that I am doing everything to help. The lady had a arranged a car through Gwent Fleet Management of Abergavenny who are now under investigation by the police but as a result of their actions the lady now has a battle with a finance company called Mallard Finance, who are, Read more »

Maybe we need the RAC to spell out the obvious when a third of the country doesn’t know what APR is and according to www.honestjohn.co.uk and British Car Auctions (BCA) a third of the public don’t know how to tell the age of a car by its number plate. Well strangely I can’t tell the age of a car by its number plate either. And I don’t consider myself to be as daft as a brick! For example, Read more »

A campaign, involving more than 45,000 petrol stations across Europe, has started to distribute leaflets advising drivers how to increase fuel efficiency. The Save More Than Fuel Campaign is being led by the European Petrol Industry Association – Europia with the support of the EC. Of course it is – and I’ll be advising clients shortly as to how they can avoid cars altogether by riding a bike or taking public transport! As if! Duh! By Graham Hill

I came across an interesting piece of information from the Society of Motor Manufacturers and Traders that showed we produced 574,257 cars and 82,256 commercial vehicles in the UK in the first 3 months of this year, most of which were destined for abroad. Considering that most people think that we don’t produce vehicles in this country any more and think that all Mercedes are made in Germany (many are made in India and Brazil) that looked like some amazing statistics. By Graham Hill

Some good news on the ESC (Electronic Stability Control) front. The EC has moved to make ESC compulsory on all new cars. The bad news is that the system will only be phased in from 2012 and made compulsory from 2014. You will recall that this is the system that checks your speed vs angle of steering and slows you down if you are about to go into a skid, it also applies power and/or braking to the wheels that are gripping. It’s an amazing system that was Read more »

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 »

As more people understand the benefits of leasing over purchase Tesco have announced the launch of a staff leasing scheme in association with Lombard Vehicle Management. They have launched a pilot website under the name of Tesco Cars. This is the supermarket giant’s latest handle on the service industry where it already sells finance, insurance and warranty. Could this be their inroad into car leasing plus Tesco points? Under the new scheme Tesco will Read more »

Very bad news if you have bought a car or are buying it on HP but great news if you are leasing! EurotaxGlass’s has warned that used car prices will fall by at least 12% between now and the end of the year as retail demand continues to ease and the supply of second hand cars exceeds demand. The drop is around three times the drop experienced Read more »

As the credit crunch continues to have an effect more brokers are reporting difficulties with underwriting. As many of my readers know I have a column with Motor Finance – the journal of the motor finance industry and many brokers that contact me, as a result of my column, have reported that lease enquiries are still running high but finance declines are running higher than ever as funders become more selective as they prepare for the anticipated recession. Read more »