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Two brothers have finally been jailed after being found guilty of staging 93 smashes at Eden Point in Stockport in Cheshire. Is it me or don’t you think that a couple of alerts should have sprung up somewhere after half a dozen similar incidents happened at the same spot? Ninety bloody three – what was going on? The brothers, Rehan and Rezwan Javed ran North West Claims Centre in Burnley. They paid crooks £500 Read more »

The car and car finance industry is full of opinionated people who haven’t a clue as to what they are talking about. So called experts guess and make assumptions without any real knowledge on the subject. About now you will see national newspapers, radio and TV reporters telling you to shop around for finance before the launch of the new 60 registration, ignore dealer HP and find yourself a cheap personal loan, Read more »

Insurance premiums should start to fall soon as the Government introduces a tough new law next year to clamp down on the 1.5 million uninsured drivers. The legislation will put the onus on the registered keeper of the car to ensure that the vehicle is on cover. This will be monitored via a link between the Motor Insurance Database (MID) and the DVLA with the uninsured automatically fined £100. Andy Drane, Read more »

As the economy bumps along showing minimal signs of recovery the CVO Survey shows that large companies continue to actively use contract hire as its main method of financing its company cars whilst SME’s continue to blindly use cash, loans and overdrafts. Why should this be? I would suggest out of ignorance. Far too little is understood about leasing for SME’s to make a considered choice so they end up Read more »

Whilst I’ve been warning about long lead times for months now the industry has warned those that lease their cars to make arrangements earlier to replace their cars as some leasing companies are proving to be very inflexible with regard to lease extensions unless you are replacing your current car with another of the same make, especially where a captive funder has been used. Worst at the moment are VW Read more »

There’s all sorts of confusion about the VAT increase from 17.5% to 20% next January. The increase affects vehicles in different ways. If, as a business, you buy a car outright you cannot claim back any VAT at all, there is a 100% block. Even if the car is a pool car and only available for use by employees for occasional personal use (and not necessarily used by them) the 100% block will be applied. Even if an employee Read more »

 I know I feel like I’m banging my head against a brick wall when I explain to customers that they should never simply look for the lowest rate when it comes to leasing a car. Of course when you buy something for cash you will maybe look for the cheapest price. The car you pay cash for at a car supermarket will be the same as a car that you pay cash for at a main dealer (unless it’s a sub spec black market car). The car will Read more »

As most of you know the mortgage and financial services industry are regulated by the Financial Services Authority (FSA), for the time being at least until the new structure, as announced by the Chancellor, takes over fully in 2012. Cases of fraud are dealt with by both the FSA and the Office of Fair Trading(OFT) in conjunction with the police. However, whilst the OFT keeps a watching brief over the activities of those Read more »

One leasing company has finally taken the initiative and decided to make inspections of vehicles at the end of a lease a little more comfortable for the drivers by arranging for a joint inspection in order to alleviate refurbishment costs. A joint inspection is carried out by a qualified and independent vehicle inspector along with the driver. Will it improve the situation? We will see. If you have had a nightmare experience why not share it with me? We can only address the problem if we know how bad it is. By Graham Hill

A survey by Fuelcard Company found that 21% of 2,000 commercial vehicle drivers leave their engines running while making deliveries leaving themselves open to vehicle theft. I would suggest that they may need to check their insurance policies to see if the drivers void their policies by being irresponsible. Not least of which there is a substantial amount of fuel being used unnecessarily. By Graham Hill