Car finance blog

Is The Car Loan Industry Really Creating The Next Financial Crisis?

Inside A Luxury Mercedes

There has been a lot of speculation and headline-grabbing in recent months with regards to the topic of car finance and ‘subprime lending’ driving an eventual economic crash.

While the auto sector is rather more prone to shocks and scandals than many other industries, it is understandable why the term ‘subprime lending’ may trigger alarm bells, since it is often linked to the financial crisis a decade ago, which forced several global institutions to crumble.

The Current Auto Industry Situation

According to…

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The Latest Range of BMW Cars

The Latest Range of BMW Cars

The BMW is probably one of the most iconic brands in the world. From the company’s humble beginnings in Germany during the early 20th century to its global popularity in the last 50 years or so. It is, therefore, of no surprise that BMW is now one the best-selling cars in the UK.

If you are looking to finance a new or used BMW then you have come to the right place! At CarFinance Plus we can help you to…

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Used car market – a financial threat?

Used car market – a financial threat?

Is Britain indebted to the used car market? But is that debt steadily undermining the used car market itself and posing a threat to the nation’s overall financial security?

As was argued in the Financial Times’ edition of the 25th of June 2017, there are certainly a number of economists – and even some within the industry – who think so.

Is the ready availability of car finance to blame?

Against the background of record numbers of new car sales and a…

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The clean air strategy – does it go far enough?

clean air - is it enough

Vaunted as a “green revolution”, fanfare has surrounded the government’s unveiling of a clean air strategy designed to tackle the traffic pollution that is estimated to contribute to 25,000 premature deaths in the UK every year, or some 5% of all deaths, according to the campaign group Healthy Air.

What does the strategy involve?

On the face of it, the strategy certainly involves some radical proposals. Probably the most eye-catching of these is the commitment to ban…

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Electric versus diesel – technology wins

Diesel v Electric

Even such iconic marques as Daimler and BMW seem to be fighting a losing battle against a newcomer in the production of luxury cars.

The upstart in this particular case is the American car maker Tesla, owned and championed by the colourful Elon Musk.

What’s catapulting Musk’s vision into the lead and dragging the German manufacturers backwards is the technology and motor engineering of their respective vehicles – Tesla’s electric cars represent a vision of the future and reliance on the…

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The car finance market in the UK

The car finance market in the UK

After five years of record growth, car sales in the UK seem to be flattening out, according to a report in the Guardian newspaper on the 5th of July 2017, quoting recent statistics released by the Society of Motor Manufacturers and Traders (SMMT) – during the second quarter of the year, new car sales actually fell by around 10%.

So far, however, these figures have not quelled speculation in some parts of the press and, indeed,…

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Companies Behind Famous Car Brands

red 5 door MAZDA CX-3

We know cars by their brand name – it’s what makes many of them so iconic.

Despite a long and rich history of many of the names in motoring history, though, the number of manufacturers has dwindled, so that each maker lays claim to a number of different familiar badges.

Let’s see what groupings there are, starting with those manufactured in the UK:

Aston Martin

One of the iconic British marques, the company was bought by Ford in 1994 but this changed in…

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Car finance or car lease for your business?

Range Rover forecourt

If you’re thinking of purchasing a car (or cars) for your business, then you’re likely to be in the fortunate position of being slightly spoilt for choice in terms of funding possibilities!

Let’s look at some of the issues and options.

What do “purchasing” and “finance” mean?

To begin with, it’s important to be clear what your own intentions are.

Although many of us use terms such as “purchasing” and “finance”  to cover all situations, more correctly, we should perhaps be saying “using”…

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What impact will Brexit have on the car finance industry?

London bus

The question in the title is easy to ask but far more difficult to answer.

In one sense, of course, the answer IS easy – it’s “nobody knows”! However, when looking at the detail, predictions start to become cloudy.

The current position

At the time of writing, the car finance industry hasn’t featured highly (if at all) in the formal UK/EU Brexit negotiations and their associated media frenzy of speculation.

As of today, few details of anything have been released. What little we…

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How do I sell my car with outstanding finance?

white Jeep

Selling a car should be easy – you put an ad up online and the potential buyers usually start pouring in. However, the situation gets trickier if you are not technically its legal owner yet. If you’ve purchased a car under a finance agreement, you will need to go through a few more hurdles before you’re able to sell it.

It is very important to remember that it is illegal to sell a car that has outstanding finance due without…

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