Tag Archives: vehicle

News

Vehicle Finance Company Launches Personal Loan Service For Existing Customers

Award-winning vehicle finance company First Response Finance has launched a personal loan service designed to help its customers accelerate through the cost-of-living crisis.

The unsecured personal loan can be used for reasons such as vehicle improvements and home renovations, the latter reason proving most popular with customers.

As the nation is plunged deeper into an economic plight, more people are seeking additional support to meet obligations and needs in which money is required.

Lynn Mountford, renewals operations manager at First Response Finance, said: “It means so much to us to be able to give our customers further financial relief – should they require it – in such difficult times.

“We class ourselves as extremely responsible lenders, and we make sure that those taking out a personal loan with us understand the entire process from start to finish. With us, the small print isn’t all that small.”

Eligible customers will receive a text message to their mobile phone, or a letter sent to their property, offering the opportunity to take out this personal loan. Alternatively, if they have an active personal loan with First Response Finance, they can look to organise another.

Over the last 10 years, more than 29,000 personal loans have been taken out by existing First Response Finance customers, the minimum amount being £400 and the maximum £2,500.

The interest rate is likely higher on a short-term loan; however, this arrangement does usually mean that less interest is paid back overall in comparison to a long-term loan.

Lynn continued: “We’re incredibly transparent when it comes to our personal loan service. We’ll highlight the pros, of course, but we also ensure our customers are aware of the potential cons, too.

“For us, it’s about offering help and assistance in a way that isn’t going to come back and bite our customers later.

“We would always advise people to research the options available before applying for any type of credit.”

To find out more about First Response Finance and how it can help drivers with additional financial support during these uncertain times, visit www.firstresponsefinance.co.uk/finance/personal-loan/

Motoring, News

Rise in used car sales – experts reveal what to look for when buying

Second-hand car demand is nearly 50% higher than it was pre-lockdown, but when you’re looking at used vehicles, there are a few key things that you need to be aware of, and it can make the difference between bagging a bargain or a banger.

For that reason, online car parts provider, Euro Car Parts has outlined the top five things to look out for when buying a used car.

1: Full service history

A car is designed to be maintained at regular intervals. If this is done well and by reputable and qualified people, a car can last for several years. There are still a few motors driving around from the 1960s out there, and the chances are that unless they were put together using magic, it’s because they’ve had regular servicing carried out by specialists.

A car that hasn’t had a full history of servicing is likely to have developed additional wear and tear. Now, you might be lucky, and it might not be anything that can’t be fixed, but when you are spending your hard-earned money, you probably want to be sure the car is in good condition. After all, if the engine drops out one month after purchasing, that’s going to cost you a pretty penny to repair.

2: A good length of time until its next MOT

It doesn’t seem crucial but think about it – most people know when their car is going to fail its MOT. If a vehicle is out of MOT or only has a few weeks remaining, there is a good chance that the person selling that car knows full well that it won’t pass or has significant issues that are going to cost them a lot to fix. A short MOT should set off alarm bells because there’s a possibility it means that something is being covered up.

If a used car has a long MOT, it’s a reason to have confidence in it, and it also gives you a little extra time to put some cash aside to cover the next one.

3: Check the advert

Before viewing a car, the chances are you’ll know if it’s priced fairly because you’ll have been looking at similar ones. If you turn up and view a car covered in scratches that has been described as “a fabulous example” then you are well within your rights to ask for a discount. Additionally, checking the specification of the car against what was advertised is just as important, particularly as cars are becoming complicated beasts with more gadgets and toys than a smartphone. Ordinary folk – and even some professionals – can accidentally advertise the wrong specification, so it’s something you should really be aware of.

Note: this also applies to the paperwork and documentation. Check that what has been promised is all present, so you don’t get any nasty surprises further down the road.

4: Always test drive the car

This is really important. During a test drive, there’s going to be several things you’re going to want to check. The engine, the gearbox, the interior gadgets, the handling, the brakes, the feel of the car during cornering, the way it drives on several different types of roads. A proper test drive should take at least an hour and is ultimately the most important part of the viewing.

Certain signs that there could be a major issue include blue smoke from the exhaust, which indicates that the car is burning oil and the head gasket is about to blow – often a terminal condition for many vehicles.

If you need to put your foot deep into the clutch pedal to change gears, that could mean that the clutch needs replacing. Uncomfortable and unpleasant knocking and banging could signify any number of problems and unpredictable or unnatural movements during acceleration or braking should be immediate cause to walk away from a vehicle – for your safety, more than anything else.

5: The condition of the interior

Checking the state of the interior is often the best way to tell how much a car has been driven. The mileage count on many vehicles can be altered, and it’s an infamous problem on the used car market.

Assess the seating for excessive wear around the edges and the quality of frequently pressed buttons and knobs within a car. Pay particular attention to the steering wheel, if it’s shiny in places where hands would usually rest, that could be a sign that this car has spent a long time with somebody in it. The clock can lie, but the condition of that interior space certainly won’t!

Buying a used car can be stressful, but with these tips, hopefully you’ll be armed with extra knowledge and feel more confident. Remember, getting a new car (fresh off the lot or not) should be an experience to enjoy, particularly if you’re going for something you’ve always wanted! So, take your time, check everything that you can and learn about the car that you’re interested in buying. If you follow these pieces of advice, you’ll end up with a car you can be proud of.

You can find tips on how to car for an older car here on the Euro Car Parts blog: https://www.eurocarparts.com/blog/five-tips-on-caring-for-classic-cars

News

One in eight British drivers can’t identify their vehicle’s fuel warning light

One in eight British drivers can’t identify their vehicle’s fuel warning light

New study shows how much UK drivers know about car warning lights
The electronic throttle control light confused motorists the most, with four fifths (82%) unable to recognise it.

Understanding a car warning light could mean the difference between preventing a problem or breaking down on a journey. However, a new study with British drivers has revealed a surprising number don’t know the meaning of some of the most common warning lights symbols, with more than one in eight (13%) unable to recognise the fuel warning light.

The research, conducted by car parts supplier, Car Parts 4 Less, involved showing UK drivers ten different warning lights, and asking them to determine which were real and which were fake.

The electronic throttle control warning light, which goes off when the connection between the accelerator and the throttle is interrupted, proved to be the most confusing symbol for motorists, with over four in five (82%) failing to recognise that it was in fact a real warning light. The brake pad monitor also confused many drivers with only half (54%) recognising it as a real symbol.

For all of the warning lights, men proved more likely than women to correctly identify if they were real or fake.

Additionally, those aged under 24 and over 65 proved to be the least likely to recognise real from fake symbols.

Here is a selection of the warning lights, as well as how many drivers guessed them correctly:

1. Run out of fuel?

A surprising 13% of drivers failed to recognise the low fuel warning light.

2. Full throttle?

The electronic throttle control light confused the most drivers, with 82% guessing incorrectly that it was fake.

3. Real or fake?

40% of respondents mistakenly identified this as a real symbol.

4. Not falling for it

Only 13% fell for this fake symbol, the fewest of any of the fakes.

If you think you can do better, why not try the full warning lights quiz here: https://www.carparts4less.co.uk/warning-lights-quiz/index.htm