Paying upfront for a car is increasingly falling out of favour with UK drivers according to the new Britain Under the Bonnet report from Close Brothers Motor Finance. In the past year, the proportion of drivers saying they will opt for finance, leasing or renting for their next car has increased by 15% (from 37% in 2018 to 43% now). While paying for a car … [Read more...]
Hiring
PCP users paying for poor repairs
PCP users are facing unexpected bills for sub-standard repair work to contracted cars, says the Vehicle Remarketing Association. The organisation, which represents companies that between them handle, sell, inspect, transport or manage more than 1.5 million used vehicles every year, says that more and more cars are being presented for sale online and at … [Read more...]
Tradelines 10 April
The SsangYong Rexton is available with a highly competitive 5.9% APR Representative PCP with a £2,500 SsangYong deposit contribution for just £349 over 36 months, plus deposit and optional final payment on the EX manual. SsangYong has announced new 0% APR finance offers over five years and with a 20% minimum deposit on its petrol and diesel Tivoli and … [Read more...]
Cost conscious drivers have a new tool to use
Cost-conscious motorists are set to benefit from a new online tool that reveals the total cost of ownership (TCO) of cars. TCO Check created by automotive data and valuations expert HPI is a new online calculator which allows drivers to take costs into account and tells them how much they can expect to spend over the next three years of ownership. The … [Read more...]
New car tax changes and how they affect you
The Government’s Spring Statement 2019 has outlined how April 2019 changes to vehicle-related taxes will hit fleets and drivers. Chancellor of the Exchequer Philip Hammond’s second Spring Statement was an update on the health of the UK economy and the state of the Government’s finances, rather than laying out any major new tax or spending … [Read more...]
Young driver insurance and new car package
Young Driver On the Road has partnered with iKube to offer novice driver insurance from £22 a week, along with affordable car leasing with Vauxhall. With one in four parents (24 per cent) admitting the high cost of car insurance is putting them off encouraging their child to learn to drive at 17, the UK’s leading pre-17 driving school has pledged to end … [Read more...]
Tradelines 6 March
A proposed ban on commercial vehicles using tyres over ten years old has attracted qualified support from the Freight Tansport Association. It says many member fleets would need tyres replacing inside a decade but some very low mileage vehicles should be exempt from the ban. About 79M cars were sold worldwide in 2018, say the manufacturers. There … [Read more...]
Bike-hike scheme is pedalling success
Ten months after starting, Cardiff’s leading bike share scheme is adding six new stations to keep up with demand from eager users as it reveals that customers have clocked up enough miles to cycle around the world more than 10 times. The six new docking stations will be installed at locations in Splott, Butetown, Grangetown and Rumney as well as outside … [Read more...]
Latest data reveals reasons motorists sell their cars.
Almost one in 10 motorists aged between 45 and 54 believe that they no longer need a car according to automotive data experts, HPI. They say this age group cited no longer needing a car as one of the main reasons for selling a vehicle and over a third (39%) of 18-24-year-old drivers sell their car because they’ve grown bored of it and want something more … [Read more...]
EVs hire scheme to drive change
The InclusivEV Demonstrator project, a €3.8million pan-European project which aims to widen access to electric vehicles through an affordable car sharing scheme, successfully launched its first demonstration site in Solihull, West Midlands in December. InclusivEV addresses the issues facing city neighbourhoods by increasing accessibility to EVs. Through … [Read more...]
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