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...]
Finance News
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...]
Fleets suffer with SUV orders
The growing popularity of SUVs in all sectors of the company car fleet market means that fleets could increasingly struggle to hit cost and emissions targets, says Chevin Fleet Solutions. The fleet management software specialist points out that even the most car-like of SUVs tend to have worse emissions and fuel economy than their equivalent hatchbacks or … [Read more...]
Brexit boost to used car sales
The decision to leave the EU could provide a boost to the used car sector at the expense of new car sales, predicts Startline Motor Finance. The company believes that the economic conditions already resulting from Brexit – especially the weaker pound and higher cost of capital – will make it very difficult for motor manufacturers to continue offering the … [Read more...]
Britain is a nation of wheeler dealers
According to research, within three months of buying a used car half of Brits have found a fault that has had to be repaired. The online vehicle purchasing company, SellCar, has discovered that on average Brits are forced to spend £182.65 to fix their used car within the first three months of ownership. But is this the buyers or the sellers fault? … [Read more...]
Britain’s secret ‘grey fleet’ is keeping UK moving
The full extent of the UK’s “grey fleet” is revealed in the most comprehensive report into private vehicles used for business. The nation’s grey fleet comprises 14 million cars – 40 per cent of all vehicles on the road – and costs employers more than £5.5bn a year in mileage claims and car allowances. Many are used in the public sector instead of … [Read more...]
