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Indian owned Land Rover have approached the UK Government with a view to borrowing £1 billion. talks are at a very early stage. A Land Rover spokes said the company has faced “unprecedented trading conditions”. Anyone looking for a Range Rover Lease will have to act quickly as stock is running low due to the [...]
The global credit crunch has hit car manufacturers hard with UK sales at an all time low. Honda announced that it is cutting production at it’s plant in Swindon by 21,000 vehicles. They stated that the plant will be shot down for fifty days next year but said that they have no plans for redundancies. [...]
The city of Manchester is faced with a no win situation. The City’s people have been told by Geoff Hoon, UK Transport Secretary, that if they vote no in a forthcoming referendum on introducing the congestion charge then the city will not be given the £1.5 billion transport funding grant. Mr Hoon stated, “If the [...]
CAP Monitor, the industry standard for all future predicted value of all vehicles has announced it is adjusting all values. The bad news is that CAP are adjusting the values downwards. This is seriously bad news for manufacturers, finance companies and us the leasing companies. This means that the price to lease any car or [...]
Hi to all you young people out there who just can’t wait to start driving or are in the middle of taking driving lessons. I have not even started my lessons yet and I am already looking at cars that I like i.e. Golf R32 and Astra VXR which are all too expensive to buy [...]
Just 8 months ago it was a term that hardly anybody had heard of, or used, now, we turn on the radio, TV or pick up any paper and there it is …. Right in our face… ‘Credit Crunch’. In fact it has become so common in its use, it is now difficult to understand [...]
Poor Credit Rating And The Credit Crunch. Everyone will tell their friends, “I have a great credit rating, I own my own home, I work full time and I pay my bills on time. I don’t have any county court judgments and I never default on any payments. BUT and there is a BUT! This [...]
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