Category Archives: Useful Information

risk of buying cars fraudently Declines

‘First-party fraud’, including ‘fronting’, was the most common type of motor finance fraud in the second quarter of 2012, according to the latest statistics from the Finance & Leasing Association. First-party motor finance fraud usually occurs when a person takes out credit on behalf of someone else and a finance agreement is ‘fronted’ when a vehicle is not being used by the customer who was originally approved by the finance company.

Fiat has low depreciation – shock news

Ok, it is only the Fiat 500, but any Fiat that is rated as one of the Top 10 slowest depreciating cars in the UK is still news.

The findings, from value experts Glass’s Guide and reported by industry magazine Auto Trader, show the trendy city car is seventh best among cars that lose their value the least.

£1 million cloned car ring smashed – but beware of others


Manchester police have recovered £570,000-worth of stolen cars from a ring that was cloning stolen cars to make them appear legitimate. Car cloning is the vehicle equivalent of identity fraud – criminals steal a car and give it a new identity copied from a similar vehicle already on the road. This gang would steal cars and clone them to make them look legitimate. The cars were given new number plates and the registration number was used to list the vehicles for sale. The gang also used stolen V5 documents, stolen road tax discs, fraudulent MOT certificates and receipts and faked vehicle history check documents. They also used the personal details of innocent people to help create a fake history for the vehicles, making the scam very hard to spot.

31 million cars on UK roads


We know, it feels like most of them are on your regular routes.The latest official figures show the number of cars on the road went up 0.3% last year, while the average age of cars went up to 7.44 years, two months more than a year ago. Over the last 10 years, the total number grew by 9%, a slower rise than the previous decade’s 17%. That presumably reflects the fact that we are pretty much approaching saturation point for cars in the UK.

Don’t leave your personal data on the car’s hard disk

A trade body has warned that the increasing use of hard disks in car infotainment systems means that owners are sometimes leaving sensitive personal data when they sell the car.

The Vehicle Remarketing Association has warned that drivers need to select Delete All before selling the car, or handing it back to the dealer or leasing company – and traders need to make sure that this has been done before selling it on.