The Best Car Finance Blog In The World

The EU are about to do it to us again, impose a new law on us concerning eye tests. The impending legislation will require van drivers to have their eyes tested every 5 years and private motorists to be tested every 10-15 years. In the past there has been no law governing eye tests although most responsible employers offered them to their employees Read more »

Image via Wikipedia

Have you seen a road sign recently meaning ‘no overtaking’? Did you know that’s what it meant? Apparently 23% of drivers don’t according to a recent survey carried out by Goodyear. Along with many other deficiencies the well known tyre manufacturer surveyed 5,000 motorists and found that there were many instances where drivers were Read more »

Image via Wikipedia

Whilst I’ve reported on drug driving on several occasions it now seems that the Government is about to start taking more positive action against offenders. Transport minister Philip Hammond has given the green light to proposals to tackle the problem. One proposal is to introduce a new criminal offence that will be specific to drug driving. This will Read more »

Image via Wikipedia

One of the smaller changes to the benefit in kind tax rules following the budget was the removal of the upper limit when applied to company run prestige cars. In the past there was a limit placed on the list price used when calculating personal benefit in kind tax of £80,000. This has now been removed so taking a Bentley Flying Spur as an example with Read more »

I’m actually in a state of shock – ish! Whilst thumbing through the advice pages of Autoexpress I noticed that someone had asked the question, should you blur out the car’s registration number when advertising your car online? Now this is something I’ve had an issue with for sometime. It seems quite obvious that you should blur out the number to me Read more »

Are you one of those nutters that likes to fill up your diesel car with petrol? If you are I’ve a gadget for you as the famed Graham Hill gadget of the week! There are still 150,000 motorists misfuelling their cars each year with repairs costing between £200 and £7,000. Most instances involve diesel cars being filled with petrol. As diesel filler nozzles are wider Read more »

One of the effects of the recession is that apparently greenhouse emissions are substantially down as a result of cost savings and people traveling less miles in their cars and vans. Whilst this is great news for the environment and has helped to stabilize fuel prices it may also have a positive effect on the lease cost of cars on either contract hire or contract purchase. If you find that you are now traveling substantially fewer miles in your car you should Read more »

Years ago when I first started providing contract hire we would provide terms that would include 3 rentals in advance followed by 21 payments, if a 2 year deal, or 33 payments if a 3 year deal. This meant that there were no payments in the last 2 months. As a result many customers would set aside the money that they would normally pay per month in preparation for the initial rental on the next contract. However, some brokers and lenders realised that if they spread all the payments over the 24 months or 36 months they could Read more »

Whilst we are pretty much ripped off in the UK when it comes to new cars compared to the US it sometimes has advantages. At the moment many leasing companies in the US have refused to take on any more leasing business as the risk is all on them and the current drop in used car values is costing them a fortune. In order to achieve cheap rates in the UK the manufacturers have to Read more »