It might feel like a full-time job to keep on top of admin and payments relating to your car, but putting off your car-related admin could cost you. Common motoring mistakes like waiting until the last minute to renew your car insurance, predicting your mileage incorrectly, or misunderstanding your car finance deal could all be leaving motorists out of … [Read more...]
The answers at your finger-tips
It's coming up to the new number plate change and thousands of second hand models will be flooding the market, so specialist insurance broker ChoiceQuate has been looking at what buyers research most on-line, and the results may surprise you. Specialist insurance broker ChoiceQuote, has analysed search data to uncover the most asked questions on Google … [Read more...]
Financial squeeze is cutting used car choice
The financial squeeze is starting to hurt car buyers. AA Finance said motorists are borrowing 5% less for used car purchases this year as the cost-of-living crisis bites. This time last year, the average loan would be enough to buy seven of the 10 most popular used cars but only four would be affordable after price rises were taken into account this … [Read more...]
Usership replacing ownership among motorists
Traditional car financing could be past its peak as personal leasing, salary sacrifice schemes, and subscriptions rise in popularity along with a growth in electric car sales. The UK’s car finance bubble is on the brink of bursting as demand for new car finance deals slows down dramatically compared to new car sales, according to analysis by The Car … [Read more...]
Bank Rate rise is challenge to traders
The decision by the Bank of England to raise their interest rates by 0.25%, to 4.5%, will inevitably have implications on the motor trade, according the car dealers' body. The Bank of England has confirmed that interest rates will rise by 0.25%, from 4.25% to 4.5%, the twelfth consecutive rise since December 2021. Sue Robinson, Chief Executive of the … [Read more...]
Banking on a better buy
As motorists grapple with rising costs we look at the pros and cons of acquiring a car in today's market-place and the possible best way for you. If you pay for your car with a loan, it means you own the car outright from the point of purchase and can be much more cost effective. With a car on finance, you don’t own the vehicle while you are making … [Read more...]
Honda and Audi roll out newcomers
The launch of the all-new 329ps Honda Civic Type R comes as Honda celebrates 25 years of its iconic high-performance hatchback – and 50 years of Civic. The next-generation model has been engineered to deliver the fastest Civic Type R to date, building on a long tradition of performance cars inspired by the spirit of racing. Prices for Civic Type R start … [Read more...]
Tradelines 6 July
Following the overwhelming success of its award-winning all-electric urban EV, Honda has unveiled a new Honda e Limited Edition, offering unique exterior styling for enhanced stand-out individuality. On sale from £38,120.00 OTR, the Honda e Limited Edition is based on the Advance Grade and is available for the first time in Premium Crystal Red paint with a … [Read more...]
Newslines 26 May
The Volkswagen Group will pay out £193 million to more than 90,000 UK motorists after reaching an out-of-court settlement in a seven-year litigation process relating to Dieselgate. With each claimant receiving about £2,000 it marks the end of a campaign which has cost the manufacturer about £26 Billion since it fitted suspect devices to diesel models which … [Read more...]
Lenders optimistic for 2021 despite sales slowdown
The Q1 2021 Industry Outlook Survey by the Finance & Leasing Association shows that the asset finance, consumer finance and motor finance industry see opportunities for growth over the next year despite the heightened uncertainty caused by the latest restrictions to deal with the Covid-19 pandemic and the UK's lowest January registrations for 50 … [Read more...]
