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Car Finance

Beauty is only skin deep

It’s easy to be dazzled by a shiny exterior or top end in-car gadgets when used car shopping, but these could prove to be costly distractions, vehicle information expert HPI warns used car buyers.

Correct wheel alignment could reduce fuel costs

Research by Micheldever/Protyre, UK independent wholesaler and retailer of tyres, has indicated that tyre/wheel misalignment could cost UK motorists up to £100 million in additional fuel costs alone.

Continued growth in used car finance in November

Dealers provided finance for more than 50,000 used cars in November 2010, as the car market continues to return to more ‘normal’ buying behaviour. This is the message from the Finance & Leasing Association, which published its latest motor finance data today.

Car insurers agree to limit data exchange after OFT investigation

Seven insurance companies and two IT software and service providers have provisionally agreed to limit the data that they exchange between them after the OFT raised competition law concerns.

2010 the worst year for car insurance price rises

Third party, fire & theft insurance has gone up by 56.3% in 2010 (an extra £322) compared to a rise of 21.6% in 2009, according to Confused.com.

Direct Line calls for uninsured drivers to face tougher penalties

Direct Line is calling for uninsured drivers to face tougher penalties after new fine levels for uninsured drivers could be as little as £50.

New Year brings new savings drive for Brits

Over half (59 per cent) of Brits will look to make further savings in 2011, according to research by online insurer swiftcover.com.

Uninsured drivers face new crackdown

New powers to tackle uninsured driving will come into force within months, Road Safety Minster Mike Penning announced today.

Cheapest car insurance not always the best option

British motorists need to be aware of exactly what their ‘fully comprehensive' car insurance will cover them for, and shop around for the best priced policy for their needs, says moneysupermarket.com.

Don’t take undue risks on used car deals to avoid VAT

The New Year has brought with it the dreaded rise in VAT from 17.5% to 20%, which means those planning a major purchase – such as used car buyers – could be tempted to look for ways to avoid a bumper price tag.

Keep your eyes on the road for potholes

The harsh winter is already bringing out a nasty rash of potholes on Britain's crumbling roads which are set to wreak havoc on cars and lead to a corresponding rash of insurance claims.

Direct Line raises issues about electric car insurance

Car Insurance is calling for greater clarity from vehicle manufacturers on a number of issues surrounding electric vehicles. This follows the recent launch of more electric car models combined with Government plans to begin installing charging points in some of the major cities and giving motorists up to £5,000 towards the cost of a new electric vehicle.

M&S Money reduces personal loan rate

M&S Money is reducing the rate on its personal loans from 9.9% APR to 7.5% APR (typical). The offer is available from 6th January 2011 and applies to personal loans between £7,500 and £15,000.

1 in 4 Brits have never switched and saved

New research by comparison site Gocompare.com has revealed that although 61 per cent of consumers are expecting 2011 to be a very difficult year financially, over 12 million of them have never switched any of the 20 most common financial products including car insurance, home insurance, energy provider, credit card or mortgage lender.

Monthly car insurance doesn’t have to break the bank

With car insurance premiums rising by nearly 40 per cent on average this year, drivers looking to keep car insurance costs manageable may opt for the convenience of monthly instalments; failure to identify the best deals could prove to be costly so shopping around is crucial, according to research by moneysupermarket.com.