Driving your cheap used car home? Most insurance has an extension allowing you to drive any car that doesn't belong to you. Check the wording of your policy carefully or risk trouble from the boys in blue.


Many companies insist that the car must also be insured by the owner as well. Had this problem myself recently, solved it by taking out a cheap one day Short Term Car Insurance policy from eCar.



Used Car News



Financial Times

Booming used car market drives debt fears
Financial Times
More used cars were sold than ever before in the final three months of 2016 and, in the year as a whole, 8m of them changed hands. “I bought 109 cars yesterday, I'm back out today,” said Simon McCoy, a buyer from Big Motoring World, which sells used ...



New car finance payments go up as UK used car values take a dive
AutoExpress
Car buyers are facing longer and more expensive car finance deals in future as the sector battles falling used car values. The Bank of England has warned that falling used car values are increasing the monthly payments as well as the contract lengths ...



Car Dealer Magazine

Big Mike: Could the bottom fall out of the used car market?
Car Dealer Magazine
I WAS talking to a mate of mine the other day, who, despite his best intentions, is still stuck in the world of new car sales. I say stuck, because to the likes of me, selling new tin was never that much fun. I did it for several years, for Fiat, for ...



Birmingham Mail

Ten of the best used cars for new drivers on a budget - Birmingham ...
Birmingham Mail
Finding a good first car can be a struggle, but here are ten of the best second hand ones.

and more »


The Indian Express

Sale of used cars: GST only on margins made by dealer, says Adhia
The Indian Express
The GST rates for second-hand car transactions will be the same as the new cars of the same make — 29 per cent for small cars or 43 per cent for all the other cars. Currently, used cars attract VAT at 0.5-14 per cent in across various states and the ...
No tax except on marginal profit made by second-hand car dealers: Hasmukh AdhiaEconomic Times

all 18 news articles »


Motor Trader

Used car transparency tops agenda for Motor Trader webinar
Motor Trader
Taking part is Mark Lavery, chief executive of Cambria Automobiles who has had a highly successful year in used car sales. Lavery launched Cambria Automobiles in 2006 and has grown it into one of the UK's most successful multi-franchise dealer groups.



Telegraph.co.uk

Car finance boom is 'unlikely to crash the industry' despite Bank of England worries
Telegraph.co.uk
Bank Governor Mark Carney said that if used car prices fall by 30pc - the worst case modelled by the central bank, which would mean hundreds of thousands of motorists hand back their vehicles - this could create an issue for the industry but would only ...
UK financial stability report: five things to watchFinancial Times

all 115 news articles »


Times of India

Used-car segment to take a hit | Kochi News - Times of India
Times of India
KOCHI: The relatively higher tax on used cars in the GST regime, in comparison with the existing system, will have a negative impact on the market, warned ...

and more »


Autocar

Mitsubishi Lancer Evo VI | Used Car Buying Guide
Autocar
'Future classic' is a phrase this most sober of buying guides likes to avoid, but in the case of the Mitsubishi Lancer Evo VI, we'll make an exception. The model has all the ingredients for a healthy pension fund: scarcity (around 500 on the road or ...



Economic Times

GST regime: Same tax rate on new, used cars set to hit sales of both
Economic Times
In many countries where GST is levied, the rate on used cars ranges between 5% and 6% and if 28% is the tax in India, it will be among the highest in the world, said Nagendra Palle, chief executive at multi brand used-car company Mahindra First Choice.

and more »

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