Graham Hill is well-known for making provocative statements which divide opinion. Heres what he had to say recently on the worth of APR when it comes to acquiring a car, which Motor Finance put to the manufacturer-owned side of the industry, represented by Doug Gillies of Toyota Financial Services and Steve Gowler of RCI Financial Services.
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Ricky Cannon, senior solicitor at Brodies LLP, explains why you may need to get a Scottish repossession order at any time, given that Scotland has its own legal system and that Scots law has its own peculiarities.
The organisations behind the new continuous insurance enforcement (CIE) regulations have pledged to help British Vehicle Rental and Leasing Association (BVRLA) members “ease the burden of compliance”. Speaking at a BVRLA seminar earlier this month, representatives from the DVLA and the Motor Insurers Bureau (MIB) said they would “give the industry time to implement the new regulations while also providing advice and support”. Laws on continuous insurance due later this year introduce a new offence of being the registered keeper of a vehicle with no motor insurance.
Fleet management specialist Zenith Provecta says it has seen more demand for Salary Sacrifice in 2011 than at any other time since launching the product three years ago, and expects to double the number of salary sacrifice cars on its fleet within the foreseeable future. According to the company, the main reason for growth is the increasing level of understanding among HR staff of the products advantages, with companies in the professional services industry being particularly switched on to the benefits.
Hyundai is set to launch a UK finance joint venture with Santander Consumer Finance UK (SCF), to start transacting business within the next 24 months. The move will see SCF take over Hyundais current white label finance arrangement with Black Horse, the Spanish-owned providers biggest rival
As the BBC puts the spotlight on the rising threat of car clocking, vehicle information provider HPI is warning dealers that the reality is far greater than reported. The Vehicle & Operator Services Agency (VOSA) has revealed that 1 in 39 cars that undergo an MOT have had their mileage altered or clocked but data from HPI show that the figure is actually closer to 1 in 17.