The new Ford Mustang outperforms the Porsche Cayman and even Nissan GT-R when it comes to keeping ahead on used value. Experts at cap hpi found the latest generation of the classic US sportscar held onto 99.5% of value over 10,000 miles, well ahead of its rivals, with just over 2,300 registered on UK roads this … [Read more...]
Finance News
SUVs not putting a wheel wrong on forecourts
Boasting practicality, presence and efficiency, subcompact SUVs are all the rage in the UK at present and clearly an increasingly popular choice with drivers. The latest analysis from cap hpi looks at the total cost of ownership (TCO) to reveal the 10 SUVs with the lowest motoring costs over the first 3 years. The Dacia Duster Estate 1.6 SCe 115 … [Read more...]
Logbook loans need reviewing and changing
The law on logbook loans needs changing, say law-makers and the Citizens Advice body. Logbooks for vehicles have been used as surety on loans, often at high interest rates, but pose problems when a vehicle is sold on and the new owner faces paying the debt or losing a vehicle. Citizens Advice is supporting recommendations from the Law Commission’s … [Read more...]
Web-sales and auctions are changing market
New disposal routes to market are helping to maintain values as the number of used cars available continues to grow, reports epyx. The company says that online platforms such as its own 1link Disposal Network – which has seen a 65% year-on-year increase in the numbers of vehicles sold - are helping to take the pressure off traditional disposal channels … [Read more...]
Welsh-made FCV opens to crowd-funding
Motoring enthusiasts are being given a chance to buy into the future of mobility. Shares in the Mid-Wales made fuel-cell car, the Rasa, are being offered to potential backers and users. You can invest from £500 upwards in graduated amounts with the option to acquire one of the two-seaters for a £20,000 stake. You will never own the car but simply lease … [Read more...]
PCP contracts and condition clauses surprise motorists
More may need to be done to educate the rapidly rising number of PCP customers about the condition in which their lease car should be returned, says Glass's. The vehicle data provider says that it is receiving notable anecdotal evidence from the trade that some customers are shocked to find that there are potential financial implications surrounding the … [Read more...]
September rush is underway for buying a new car
September is the second highest month for new car sales. Ahead of the forthcoming introduction of the “66” vehicle registration next month, Motor Codes, the leading provider of Codes of Practice and Alternative Dispute Resolution for the automotive industry, has the following advice for consumers during the purchase process. Protect your … [Read more...]
Newslines 12 August
In time for the ‘66-plate’ September market, Peugeot announces that the popular Just Add Fuel® with Telematics is now extended to most of the Peugeot 308 and 308 SW models. Launched 12 months ago, initially on the 108 range and later on 208 and 2008 SUV, Just Add Fuel® with Telematics has proved extremely attractive to retail … [Read more...]
Summer sales cooling in showrooms
Britain’s new car market is “cooling" this summer. Figures from the Society of Motor Manufacturers and Traders showed a 0.1% rise compared to a year ago and put down to business sales keeping it ahead. Sales in the first seven months of 2016 were 1,599,159 but the industry has been expecting a slow down and SMMT chief executive Mike Hawes said it was … [Read more...]
Brokers expect leasing demand to grow
The first ever survey of vehicle leasing brokers suggests good times ahead for the sector with 87% of brokers reporting a buoyant market with demand for leases or other financial products on the up as SMEs, corporates and private buyers take advantage of low lease rates. Conducted by the Leasing Broker Federation, an independent membership organisation … [Read more...]
