iCarhireinsurance.com a major car hire excess insurance and van hire excess insurance company issued a press release on the 23rd January.

This very informative news release said “Over two million people booked a holiday last week according to ABTA and for those planning several breaks with the use of a hire car, iCarhireinsurance, the award-winning car hire insurance broker, recommends that consumers should also purchase an annual policy for excess car hire insurance at the same time which could save up to £400 a year*(enough to pay for a mini winter sun break!).

The article by by Melanie Wright under “Your Money” said ” What about car hire? -

Protect yourself from steep excess charges when driving abroad with an independent policy from ?Insurance4carhire.com or ?dailyexcess.com



See the article in full Here

The car industry today is a minefield for any private individual wanting to sell their car. Where do you list it or advertise it, do I sell privately or to a dealer, how much is it worth, what if they want to take it for a test drive (are they insured), do I need to pay the finance off, how do I take payment and the questions go on and on.

You first decision must be how much are you willing to sell it for, setting your price too high will deter potential buyers before they even pick up the phone to you, setting it too low may mean you have missed out on a few extra hundred pounds…where’s the middle ground, this is something you need to know before committing your money to any advertising. This of course is only a problem if you are selling your car privately. Selling to the trade is a different story. There are many companies around that will make you an offer on your car, this doesn’t cost you anything and although the price you receive may be slightly less than what you would get if you sold privately it will probably compare favourably to the sort of offers you may get if you were part exchanging your car.

With private selling you have to tolerate all the tyre kickers and time wasters and then probably re-advertise it at a cheaper price anyway. At least selling to the trade, the offer you get over phone or via a web site is normally what they will pay when they collect the car or you drop it off. Providing you have been honest in the description of the car there should be no reason for the trader to reduce their offer. It is hassle free as well, the dealer will complete all the necessary checks, they will have trade insurance should they want to take a test drive in it and they will settle any outstanding finance for you with the balance being paid directly to you.

I'm married with three children, I enjoy Football (soccer), Rubgy League and Cars. I have recently started writing a few articles on various subjects that interest me.

“Is car-hire company giving me the runaround?” by Paul Gosling

Came across this earlier today. A reader contacting the Independent’s correspondent Paul Gosling about booking car hire for a six-day car hire in Corsica, for collection at Ajaccio airport and leaving it at Porto Vecchio and expecting a refund of €133.50

See the full Independent story HERE

When it comes to VAT, it is much better if you are registered, because if you are then the company will pay your VAT monthly and eventually take it back, but quarterly. However if you are not registered, then you will have to pay your VET every month as normally follows. Because of the leasing company you will get full repayments against the taxable profits.

Once your usage time has over you, by contract, are obliged to sell your vehicle, because if you don’t do so you won’t get your tax refunded, which excludes the point of leasing the van at the first point. At first selling the van may seem easy, but you would have to find a person on which you should sell it to. However you will be negotiating the price and you will keep about ninety-five percent of the profit, as the other five percent you would have to return to the company. Normally after getting the amount of money, you could use them to buy your new van, but you can do everything you want with the money you have earned by selling the van.

You have other options too, though. For example you can choose instead of selling the van to renew it, which means you are going to get a new van, for the old one. And this is a thing you could not only do at the end of the deal, but any time you want. You just have to request the new van and make a settlement with the leasing company, regarding the financial differences, between the new and the old van. It is also called part exchange, as you can also exchange certain parts of the van, but it will cost you much more, it you choose to partly renew it, than to renew the whole van. However everything depends on the agreements. The financial differences will be calculated and the new dealer would have to pay the financial company five percent of the money he got by the sale of the part exchanging of the vehicles.

So it is up to you to decide what you will do with the vehicle once the terms have been completed, but it would be only one of the three options. The third option is to keep the old vehicle to you, without selling it, or changing it for a new one. Then you would have to request a further rental figure, which allows you to keep the vehicle on agreed terms up to a further two more years.

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The second option you have is renting. There you pay to use the vehicle for a certain period of time. But when renting it, you have only one option – of using the vehicle for a very small period of time, it could be from few days, to few weeks.

The third option is the best one. It is called van leasing. In van leasing you get the vehicle you want for a long period of time, and depending on the company you make contract with, you could end up with your money you gave away for tax and VET back.

However, like in the other two options, you have to be very careful when choosing the leasing company and the van dealer. When choosing a dealer and a van you must negotiate as much as you can in order for the offer to fit best to you and your expectations. When choosing a leasing company to sign a contract with you must make thorough research regarding it, and choose the most suitable contract for you, that the company has to offer.

Also you must look out for the small details in the contract like damage fees and the flexibility of the time period of usage of the van. You must be really careful when reading the contract, because once it is inked, you will be obliged by the law, to take up to your end of the deal.

Van leasing is the best choice you have, if you want to take a van, even if you want it for personal use, but by far it is especially the greatest choice when it comes to business. By using van leasing you have different options, when the deal has finished, depending on the signed contract. In some cases you may be legally obliged to sell your vehicle, in others just to return it to the leasing company, but in every case you should be very careful when using the van, because any damage caused on it will take you on with damage fees. Also you must be very certain of your choice of van, because in most cases you don’t have the chance of changing it for other. However some companies offer van renewal after a certain period of usage of the van and for a small fee. At the end of the deal you will be very happy that you haven’t bought a van instead of leasing it, because you leasing it would have cost you a much lower amount of money.

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