Are LDV due to go global?
It is being reported that the Birmingham based van company LDV are looking into expanding into the European market (even after recently going into administration). Unlike many other manufacturers, LDV are about to increase the levels of production for their ‘Maxus’ vehicle range, which will hopefully be towards the end of 2008. This, according to LDV’s operating chief executive. This increase is due to the fact that the ‘Maxus’ range has become one of the more popular models among buyers as it now has a wider range including panel used vans, chassis cabs, crew vans and even minibuses. There is now even an alternative fuelled Maxis vehicle, which has a battery powered engine. Read the rest of this post »
GAP Insurance- Benefits
The word of insurance is well known to any car owner. Most of it is simply mandatory, so the only thing you can do is to search for an insurance company which will not charge you more than another one. There are, however, types of insurance which may be of benefit to you. One of them is GAP insurance. It can provide valuable protection during early years of the car life especially if the vehicle is on lease or rent. Read the rest of this post »
Van Contract Purchase
So another way of funding the cost of your new or used vans is to take out a contract purchase agreement with a van manufacturer or place of purchase. Obviously rates will vary and although it may be easier to just setup the finance with the dealership at the time of purchase, it is advisable that you have a look around to see what rates are on offer. Monthly repayments are fixed, which makes budgeting much easier as you know the costs and can therefore plan your finances. Usually there is some kind of flexibility in terms of the amount of miles that can be accumulated during the agreement period. Often, as an added extra, van maintenance is offered, which helps provide peace of mind even if at an additional cost. Read the rest of this post »
Car Loans
The problem with the current car industry is that they are experiencing huge losses in terms of car sales numbers and the fact that finance is no longer available in such distinctive levels. It is common knowledge that when people want to buy a car, most apart from the lucky ones who have spare capital cash, require some level of car credit / finance. Therefore, it doesn’t take a genius to figure out why the car markets have indeed suffered at the rate they have; it is because nobody can afford to buy a car as they have no means of paying for it. The reality is that unless the bank manage to conjure up some kind of plan to re-inject money back into the economy then things will only get worse. Lenders and car dealerships need finance to provide to their customers. If they do not have this then their businesses will be severely affected and could even force closure. We already know from the national and international news that many dealers have already been forced to close and that the manufacturers themselves are operating at a loss in terms of revenue and profit. Even those people who have a good credit history and / or good credit score are struggling to be accepted. For those requiring bad credit car loans then you may as well forget it because at the moment it is not going to happen, which is a shame given that people need money to help them make an upgrade on their motor or if they are buying their first car.
Advantages of Buying from Car Supermarkets
Purchasing vehicles from car supermarkets seems to have several advantages over buying from a dealership or through a private sale. What are the arguments? Well, a potential buyer has a greater choice. An average car supermarket usually has over 200 cars on site that a buyer can choose from. Next, due to the high volumes of cars for sales, car supermarkets can afford to sell their car with tighter profit margins which, in turn, means significant savings for the customer. Moreover, car supermarket staff can be very knowledgeable, very helpful and are able to provide a level of service comparable to that one may expect from a dealership. Read the rest of this post »
Car Finance Typesar Finance Types
So what car credit finance types are available to people when they wish to buy a car? OF course this is an ideal situation for the car dealer as they get the vehicle sale as well as the financial aspects that go with it. So getting back to what types are available then; it seems that the most popular ones are higher purchase (otherwise known as HP), and personal contract plan (known as PCP). The higher purchase finance option is quite the popular one and is used for many car finance applications. The reason for its popularity is due to the fact that it gives the buyer ownership of the car once the terms of the agreement have been met. A personal contract plan is similar to the HP option but has more driving restrictions attached to the contract. So a nice new car is provided but certain rules on the amount of mileage allowed are requested so that the value of cars under such terms are kept as high as possible. In reality this option is most likened to the hiring of a car from the local car hire station. One option that has not been covered today is car leasing, which is where used cars or new cars can be hired for a certain period of time and then upon reaching this, it is then given back to the dealer. Read the rest of this post »
BMW 3 Compact Series
The used BMW 3 Compact represents a very interesting category of cars. The word of ‘interesting’ applies to many aspects. First, a driver gets a very nice looking car with an outstanding performance. Second, it is well-branded as the name of BMW stands for high quality. Last but not least, the price for value ratio is excellent. In other words the used BMW Compact represents a budget entry and provides good quality at the same time – things that all drivers require. With its contemporary styling of the body, modern engines of V6 type, high technology suspension and up-to-date interior, the used BMW 3 Series can be viewed as a decent vehicle offering both traveling comfort and special driving parameters. Read the rest of this post »
Used Car Market – Better Sales Results
Recent market surveys show that there are finally some signs of the awaited improvement in the used car market. Overall sales data delivered over the last few weeks and months by used cars dealers as well as car supermarkets depict a trend of higher used car sales volumes; reflected in rising wholesale prices and a rising number of resold cars. Also, some sort of the economic revival in the used car market is also confirmed by the formal sales indicators. Read the rest of this post »
Lotus Esprit
There are some cars that you think have been around forever. You remember them even from childhood. The best thing about them is that they never ceased to exist. One of such memorable examples can surely be the used Lotus Esprit. Throughout the years, the used Lotus Esprit was equipped with a variety of engines. One of the latest versions comes with a V8 3.5 litre turbocharged engine capable of delivering a horsepower of 349. Read the rest of this post »