New guidance for fleets on how to tackle drug and drink driving has been given by the Association of Fleet Professionals. The two-page document has been created in the light of recent reports from the Department of Transport showing increases in both areas. Written by the AFP’s Risk, Compliance and Health Committee, it covers the need for a drug and drink … [Read more...]
Stay safe with second-hand sales
Brits selling their used cars risk losing up to 10-20% on their sale by making this avoidable and costly mistake. And, with an ongoing cost of living crisis, the last thing motorists need is to miss out on thousands of pounds. To make car owners aware of this mistake and help them avoid them, Pamela Murdock, vehicle expert at used car supermarket, … [Read more...]
Classic cars exempt from Capital Gains Tax
In light of the recent Autumn 2024 Budget, Car & Classic announces that classic cars are exempt from the increase in Capital Gains Tax (CGT), a change that could make them an attractive, tax-efficient investment. With CGT rising from 10% to 18% for the lower rate and from 18% to 24% for the higher rate, this exemption offers an advantage for those … [Read more...]
PHEVs’ future now in doubt, says FleetCheck
The Budget is likely to have ended the current revival of fleet interest for plug-in hybrid company cars, FleetCheck is predicting. Peter Golding, managing director at the fleet software specialist, pointed out that anyone now paying a 5% benefit in kind on a new PHEV in the current tax year would see a jump to 18% by year four in 2028/29. He said: “We’ve … [Read more...]
Budget shock for PHEV & DC business drivers
Budget plans could prompt widespread rewriting of company car choice lists to tackle new issues around plug-in hybrids and double cab pick-ups, says the Association of Fleet Professionals. The industry body points out that moves made by the chancellor mean that the viability of both types of vehicles will now be placed under serious questioning by many … [Read more...]
Government sets real challenges for motor businesses, says VRA
The hugely increased burden that the Budget places on remarketing businesses means that Labour’s growth strategy must succeed, says the Vehicle Remarketing Association. Philip Nothard, VRA chair, said that moves such as the increase in Employers' National Insurance and high minimum wage would have an impact on costs for almost every business involved in the … [Read more...]
Drivers cutting corners on safety due to rising costs
One-in-five drivers (20%) under the age of 44 have driven illegally by not putting their car through the MOT or replacing tyres when needed to save money in the cost-of-living crisis, says the RAC. Among drivers of all ages, one-in-10 (10%) admit they’ve failed to replace worn-out tyres or skipped the MOT, which is a legal requirement that guarantees the … [Read more...]
Dealerships in chaos after commission ruling
Car and van buyers have been blocked from collecting new models this week for 1 November as UK finance firms hold back monies due to dealers. It follows a Court of Appeal decision last week which outlawed undisclosed commission payments. Dealers were unable to allow collections or deliver cars as finance companies paused paying out on business already … [Read more...]
Premium prices slipping back, say Compare the Market
The cost of car insurance has fallen by £72 (-8%) year-on-year, according to new Premium Drivers research from Compare the Market. The average premium declined to £776 in September 2024, compared to £848 in September 2023. August 2024 and September 2024 were the first months where car insurance premiums have been cheaper than the same period in the previous … [Read more...]
Time to check as clocks go back
As the clocks go back tomorrow night autumn turns into winter, the weather gets colder and drivers can expect frosty windscreens and icy windows. Car specialist Gold Label Car Care has provided an expert advice with 5 ways to de-ice a windscreen for free. Ice can be not only inconvenient, but also hazardous when driving - and an icy windscreen can impede … [Read more...]
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