Apr 162014

franchised dealersExperts claim that UK motorists could save more money on real car values rather than focusing on their fuel efficiency.

Studies have shown Britons are fixated with the cost of fuel and filling up their tanks, however, vehicle valuation specialists CAP Automotive say by buying a car that holds its value better, over time you will save more.

CAP’s figures show that a typical medium family car bought three years ago has lost £12,599 in value.

But when driven 12,000 miles a year, those same cars have burned only £4,000 of fuel on average – so it is said that the typical motorist will see depreciation costs that are three times as much as they spend on fuel.

Philip Nothard, CAP’s Retail and Consumer expert, said its research shows that consumers “have a lot to learn” about how to make real savings.

“The problem is that motorists either think there is nothing they can do about depreciation or they simply don’t understand that fuel costs should be the least of their worries when you compare what they’ll spend at the pumps with how much they’ll lose by choosing one car when another holds its value so much better,” he added.

When buying a new car; checking the reliability should be the number one priority; the Reliability Index (www.reliabilityindex.com) can show motorists which cars are likely to be more reliable than others, using data that has been acquired by Warranty Direct (www.warrantydirect.co.uk).

Feb 212014

SmokingCarsThe recent decision to ban smoking in cars carrying children by Parliament was one thing. Along with the damage that smoking can do to your car come resale time. It sounds callous but it is definitely true. The industry experts tell us so.

“The British Medical Association has previously released research showing the levels of toxins in a car can be up to 11 times higher than in a smoky bar”, said Tim Naylor of BCA (British Car Auctions).  “But if drivers aren’t motivated by the health of their passengers, perhaps they will be by the diminishing health of their finances.  Lighting up inside a car seriously devalues the vehicle for resale.

“Presentation is one of the top factors influencing the price of used cars.   So if a car is more like an ashtray on wheels, chances are buyers will move on to find one that looks and smells fresh as a daisy.”

Professional valeting can alleviate most of the effects of smoking, but is expensive and time consuming and might mean replacing some interior trim, such as nicotine-stained headlinings and repairing any cigarette burns in the cabin.  In the worst cases, this can represent an investment of several hundreds of pounds.

Naylor concluded “Motorists should avoid having a cigarette in their car, especially if they intend to sell it in the near future. This will avoid the lingering smell of cigarettes in the interior, as well as eliminate the risk of scorch marks on the upholstery or dash. All of these things will put buyers off, even if they smoke themselves.”