Economy Secretary Ken Skates announced the red route as the preferred option for the £250m Deeside corridor scheme. The scheme, which aims to modernise and relieve pressure on the stretch, will see increased capacity on the existing A548, with a new road linking the A55 and A548 just after the Flintshire Bridge. A 44-year-old female driver from London has issued sex discrimination … [Read more...]
Finance News
Clocking cars increases under PCP limits
The number of cars on UK roads showing mileage discrepancies is costing motorists over £800 million every year according to hpi, one of the UK’s leading authorities on vehicle checking services. The automotive data experts say the number of cars affected has also risen to one in 16. The figure has worsened from one in 20 cars less than three years ago. Revealing of the figures coincides with … [Read more...]
BIK is too baffling for many who miss savings
A company car is widely considered to be one of the biggest perks that a job can offer, but leading independent car specialists, OSV, have discovered that around half of all company car drivers don’t really understand what their vehicle means for their tax status. While 27% of company car drivers did not realise that there had been changes made to the way in which company cars impact upon taxes … [Read more...]
Budget buying best for younger people
One in five drivers prefer to budget and pay for their car on a monthly basis, says InsuretheGap. This is better than worrying about its total cost knowing they will upgrade once their finance contact runs out, according to the Opinium survey of 2000 UK drivers commissioned by InsuretheGap.com. The provider of Guaranteed Asset Protection insurance is part of Halo Insurance Services and 25 to … [Read more...]
Used car market slows, bargains to be found
The brakes are going on used car sales after a dip in new car sales. UK used car transactions declined in the second quarter of 2017, according to the Society of Motor Manufacturers and Traders. It recorded 1,832,400 used cars changed hands in the period, a fall of -13.5%, on the back of a record 2016 and turbulence in the new car market following changes to VED rates on new cars introduced … [Read more...]
Newslines 11 August
JLR has reported a 14% drop in UK registrations. It has been a challenging market, the company said, but sales in China have grown and it’s still pushing ahead with massive R&D investment and adding 5,000 jobs, mostly in manufacturing. BMW is incentivising buyers and offering £2,000 trade in allowance against their latest models emitting under 130gkm. The deal is in addition to … [Read more...]
Tradelines 9 August
Mazda is close to introducing a revolutionary internal combustion engine in 2019 which uses petrol but works in the manner of a diesel. Their homogeneous charge compression ignition engine ignites gasoline through compression, eliminating spark plugs, and its fuel economy potentially matches that of a diesel engine without high emissions of nitrogen oxides or sooty particulates. Nissan is … [Read more...]
Wrangler ropes good used car values
Jeep Wrangler prove a savvy purchase The Jeep Wrangler Diesel is proving a savvy used car purchase as values for the 2011 onwards Sahara and Overland models have risen over the last two years. The study of the 4x4 market by automotive data experts hpi identified the Jeep Wrangler as one of the best-used buys. Tim Bearder, used car expert at hpi, said, “Demand for the Wrangler is high. … [Read more...]
Cardiff bank staff treated to Tesla experience
Cardiff staff of Black Horse Finance were given a glimpse of the future when Tesla turned up with two cars at their office. The Lloyds Bank motor division provides finance for customers of the ground-breaking all-electric sports cars and the success of Tesla means they will shortly be adding another charging station to the 16 already in Wales. Potential owners can find out about dedicated … [Read more...]
A Guide to PCPs and PCH
Car finance has been in the spotlight recently with fears over negative equity in car deals and the prospect of a Financial Conduct Authority investigation into motor finance. In essence, there are two issues at play that are linked but separate. The first is a question of affordability on the part of the consumer; the second is the exposure of finance companies to potential downgrades in the … [Read more...]