Compare cars side by side to save time clicking backwards and forwards between them.
Maximum number of cars added to compare list.
We need your postcode in order to provide accurate search results.
American auto buyers are borrowing more than ever, but the people taking out auto loans may surprise you. The latest data from Experian show the amount of auto loans in the fourth quarter climbed by $86 billion, with the strongest growth coming from those borrowers with the highest credit ratings, also known as super prime. “Analyzing the data really does debunk the myth that auto financing is growing just solely in the subprime space,” said Melinda Zabritski, director of automotive finance with Experian. Overall, she says auto financing data show a healthy economy where most consumers have a prime or better credit ratings.
One in four respondents to a Fleet News poll say they are in the dark about new drug-driving legislation that comes into force from March 2.
The new law, which is being introduced in England and Wales, sets limits for eight illegal and eight prescription drugs.
Once the legislation is in force, police will be able to take up to three saliva tests at the roadside to identify any drugs used. If any are positive, then the motorist would be taken to a police station for a blood test.
Under the existing offence of being impaired by drugs while driving, police and prosecutors have to show how a driver’s ability had been affected by what they had taken. In the future, they will simply have to show that the individual had taken drugs.
Motorists found guilty will face an automatic driving ban of at least a year, as well as a possible jail term of up to six months and a fine of up to £5,000. Their driving licence will also show they have been convicted for drug driving, which will last for 11 years.
The new measures are intended to reduce the wasted time, expense and effort involved for the police and the courts when prosecutions fail, because of the difficulty of proving that a driver is impaired by a particular drug.
Gocompare.com has analysed 226 comprehensive car insurance policies and found that only 12 would cover the loss of a personalised number plate if the car was lost or stolen.
Its analysis also found only 10 insurers covered a financial loss of £5,000 or more. Private plates however are on the rise, with nearly 250,000 private plates sold between 2013 and 2014 alone.
But drivers who are thinking about splashing out on personalised car trimmings should first consider the insurance implications; namely that if your vehicle is stolen or written off, your private plate may be at risk.
If a car insurance policy includes cover for personalised number plates and a claim is made for the cost of the car, including the plate, then the insurer owns the vehicle that the registration number is assigned to and, therefore, owns the rights to the registration number. The claimant can buy the registration number back if the insurer is willing to sell it to the policyholder or hasn’t already sold it on, for no more than the settlement price. If the vehicle has already been disposed of by the insurance company then all rights to the registration plate go with the vehicle. But that’s not the end of the personalised plate conundrum.
If a vehicle with a personalised plate is stolen, its owner will have to wait 12 months to get the number plate back. They will also have to prove that the car had a valid MOT and tax at the time of theft to reclaim the personalised plate.
If the vehicle has been written off, the owner should contact the DVLA and the insurer to let them know that they want to keep the plate – the insurer will then write a letter of non-interest and send it to the DVLA. The registered keeper will have to pay a retention fee to keep the plate if they don’t have another vehicle to transfer it to. The registration transfer fees are changing from 9 March 2015. The retention fee will be reduced to £80, while the fee for transfer will remain the same at £80. The period that a registration number can be retained for is also being changed from 1, 2 or 3 years to 10 years, the annual retention fee of £25 will also be removed from 9 March 2015.
Motorists who have had their vehicle with a personalised number plate written off have to work fast. If the car is scrapped the number plate dies with it. The registration number moves with the vehicle it is assigned to, not the person who may have bought the registration number.