CAP HPI

Shifting up a gear: rising cost of motoring hits drivers

Shifting up a gear: rising cost of motoring hits drivers

If you’re convinced that the cost of driving has been creeping up, you’re not imagining it. At least that’s the conclusion of new research, which says that even owners of the cheapest cars have seen everyday motoring costs creep up by 10 per cent, over the past year.

Research carried out by CAP HPI, the vehicle valuation specialist, looked at the running costs associated with owning a car, rather than the purchase price of the car.

The price of scheduled servicing and general wear-and-tear maintenance were calculated, as were bills for fuel (petrol or diesel), road tax and the drop in value of the car – known as depreciation. Once combined, they were used to produce a pence-per-mile figure.

Continue reading →

James Mills Leave a comment

Diesel car ban: Will it really happen and what does it mean for drivers?

Diesel car ban

About half these cars will be diesel. Could they really be banned?

Will there really be a diesel car ban? It’s been a hot topic among drivers for the past couple of years and as time passes it seems to get ever hotter. At the end of 2016 it was revealed that by 2025 diesel cars would be forbidden from entering Paris, Madrid, Athens and Mexico City. There are rumours that London could follow suit and the capital’s Westminster Council has already revealed it will charge diesel drivers extra to park.

Later this year, there will be a change to the congestion charge. Owners of older, more polluting vehicles will pay a supplement of £10 to enter to congestion charge zone. Five other UK cities have been told they can create clean air zones. These would also permit local authorities to charge diesel drivers for coming into city centres. So what do these proposals mean for owners of diesel cars and drivers considering buying them?

Why are diesel cars being punished?

Continue reading →

James Foxall Leave a comment

Used car tourism: Second-hand car buyers travel for cheaper prices

Used car tourism

Car dealers visit auctions all over the country to get the best price. Now private buyers are travelling too (Picture © BCA)

Used car tourism is on the rise with car buyers being urged to travel to take advantage of the regional variation in car prices. Popular used cars can be more than £1000 cheaper depending on where you buy them across Britain.

Used car valuation service CAP HPI has revealed that it found a three-year old Audi A1 selling for £1600 less in Nottingham compared to a similar model in the south east of the country. The result has seen an increase in drivers travelling from one part of the country to another to take advantage of cheaper used car prices elsewhere, according to one expert.

Continue reading →

James Foxall Leave a comment

Expert haggling tips: Knock down the price of a used car

Expert haggling tips

We’d rather negotiate a pay rise at work than haggle over the price of a car

With used car prices staying high, buyers need to work hard to get the best price possible. These expert haggling tips, compiled by a used car expert, will ensure you get the best possible used car deal, not the price the sales person wants you to pay. The tips come from Neil Hodson, deputy managing director of CAP HPI, a company that specialises in used car values and data searches.

Expert haggling tips: channel your inner house buyer

Continue reading →

James Foxall 4 Comments

White cars lose money, green cars are likely to be crashed, study shows

White cars

The Ford Focus was the most popular white car with 14,103 sold last year (Picture © Ford)

White cars were the most popular in 2015. But drivers who choose ice-cool white cars may see red when it comes to selling their motors on. White cars could lose their value quicker than other colours, according to used car experts. And drivers who pick green for their next motor are more likely to have it stolen or written off than if it’s in any other shade.

Of the 2.6m cars sold in the UK throughout 2015, more than a fifth were white. It was the third straight year that this has been the nation’s most popular paint colour, according to trade body the Society of Motor Manufacturers and Traders. The SMMT added that demand for white cars grew by 2.2 per cent in 2015. A decade ago, just one per cent of cars were ordered with the neutral tone. Continue reading →

James Foxall Leave a comment