Finance News

Cardiff bank staff treated to Tesla experience

18 July 2017

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

16 July 2017

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

14 July 2017

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

10 July 2017

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

8 July 2017

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

5 July 2017

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

4 July 2017

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

9 June 2017

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...]

New Honda Civic Type R priced

9 May 2017

Honda UK has announced pricing for the hotly-anticipated next generation Civic Type R. On forecourts in July, the entry level 2.0 320PS model will cost £30,995 and the GT version will cost an additional £2,000 at £32,995 on the road and will come with a host of extras. PCP pricing has also been confirmed for the new car, which is built at Honda’s UK … [Read more...]

Knock-on effect of diesel decline felt across market