Dealers need to “very urgently assess” the implications of recent moves from the Financial Conduct Authority on historical motor finance commissions, says the Vehicle Remarketing Association. While the subject has been gathering prominence in recent weeks following two recent rulings by the Financial Ombudsman, a new programme hosted by personal finances guru Martin Lewis has substantially raised … [Read more...]
Insurance Features
Thousands of drivers ignorant of revised Highway Code
More than half (55%) of UK drivers have not read the Highway Code since passing their driving test, a new survey has revealed, although it has been revised 24 times in the last nine years alone, says Go.Compare. The majority (83%) of respondents passed their driving test over a decade ago, making this a major concern for the nation’s road safety. The Highway Code has been updated on 24 separate … [Read more...]
Essential to build NCDs, says broker
Car insurance premiums decrease by £745, a drop of almost a third (32%), after one year of no claims discount, according to Compare the Market. When drivers come to renew their policy, those who have not made a claim on their car insurance can typically receive a no claims discount, or no claims bonus, from a number of insurance providers, with the discount rising the longer that you drive … [Read more...]
New law wanted to ban pavement parking
Around 62% of people think it should be illegal to park on pavements, according to new research. The February Used Car Tracker from Startline Motor Finance has looked at the issue just as the Local Government Association has demanded new powers to make pavement parking illegal across England and Wales. The research shows that 28% think that parking on pavements is “just lazy” while 23% believe … [Read more...]
Driving tests heading for a crash, says broker Marmalade
Driving tests are heading for a crash with demand far exceeding available examination slots. New research shows demand for practical driving test slots across the UK far exceeds the DVSA’s ability for testing, despite the new measures it’s put in place. The data gathered through Freedom of Information (FOI) requests and existing Office for National Statistics (ONS) figures by learner driver … [Read more...]
Turning the corner with an electric classic car
Since the government’s announcement to ban the sale of new petrol or diesel vehicles by 2035 and as more electric and hybrid cars start to roll off production lines, converting classic cars to electric powered motors is increasing. In fact, searches for ‘electric classic cars’ have increased by 40% in the past month as the rising popularity of converting classic cars to electric power goes … [Read more...]
Welsh drivers sticking to limits – even before the 20mph reduction
Wales has the most law abiding drivers and that's was before the controversial 20mph default urban speed limit came into force last September. Gwent boasts the safest drivers in the UK, breaking the fewest amount of speed limits. With a population of 588,300, recorded speeding fines in this area averaged just 31 per 100,000 people and drivers committed a staggering 99% fewer offences than … [Read more...]
Look after your van to look after your business
Vans are often a mission-critical asset for businesses, so it’s important to keep them on the road. From accidents to breakdowns, unplanned downtime can be disruptive and costly – so here are some hints to help reduce those risks. Allow time for daily checks Fleets operate some of the UK’s hardest-working vehicles. According to the latest BVRLA data, the average mileage for a new personal … [Read more...]
The best 4×4 by scrap
Land Rover is the most valuable brand for scrap overall, with the average price quoted for these vehicles sitting at 28.8% higher than the average. The quoted price is directly linked to the weight of the vehicle and with all Land Rover vehicles being large SUVs and 4×4 vehicles, they’re definitely one of the weightier brands when all models in their range are considered. The data is part of … [Read more...]
Best and worst cars to buy and own
When buying a new car, it’s always worth thinking about the potential resale value and how much it will depreciate over time. Some cars can prove to be very worthy investments, with their value increasing over time, while others may drop quickly in value as soon as they leave the forecourt. Elements such as age, condition, mileage and number of owners are all influencing factors, and there are … [Read more...]