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 … [Read more...]
Finance News
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, … [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 … [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 … [Read more...]
Newslines 14 July
Cutting or lifting Severn Bridge tolls next year would be welcome but possibly lead to more jams along the M4, say logistics experts. The FTA in Wales and leading hauliers want the M4 widened to cope with anticipated 17% rise in use over coming years, outstripping the road-space allowed under Welsh Government plans for bypasses around Newport. The … [Read more...]
Lifebelt for struggling car finance
An estimated 1.6 million used car owners currently in the middle of their dealer finance or PCP agreement are now able to change their car early with the launch of www.paymentswap.co.uk. The new ‘no fees’ online service allows buyers to digitally manage every part of the transaction for themselves, including vehicle trade-in, sorting out the settlement of … [Read more...]
Industry should “remain calm” over future of diesel values, says VRA
Diesel is likely to remain a crucial part of the motor trade’s fuel mix for the foreseeable future and the motor industry should “remain calm” over its future values, says the Vehicle Remarketing Association. The trade organisation – which represents companies that are involved in remarketing more than 1.5 million vehicles every year – says that there is … [Read more...]
Golf tops slowing new car sales market
The UK new car market has declined for a third consecutive month with 243,454 new units registered in June, said SMMT. Registrations fell at a slower pace than in the previous two months, by -4.8%, as demand continued to stabilise following a record first quarter and the subsequent market turbulence caused by the recent changes to Vehicle Excise … [Read more...]
Young are being priced off the road
With car insurance sky high and education and living costs increasing, research shows that over one in five under 25s (22%) cannot afford to learn to drive. Insurance is a further barrier. With the average cost of car insurance costing around £1400*, and rising to £3878 for a 17 to 20 year old driver, it’s no wonder that this demographic is struggling. … [Read more...]
Newslines 9 June
A new top of the range MG3 Style+ is now available until 30 June for an initial deposit of just £189, followed by 60 monthly payments of £189. The impressive finance offer launched by MG Motor UK is interest free, with no balloon payment at the end of the agreement and the MG3 Style+ features an upgraded interior that now comes with a leather trim as … [Read more...]
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