Latest Car Finance News

Drivers Face Higher Costs at the Pump

It would seem that the low cost of fuel over the last few months is short lived as prices are set to rise. A report by the RAC has found that the average cost of fuel has risen in the past month by 3p a litre, the first upward movement since August of 2015.

Analysts do not expect the rapid price hikes as we have seen in previous years and its unlikely that we will see the price demands of 2012 at £1.50p a litre.

In the Budget announced by Chancellor George Osborne last month, it was confirmed that the government would not be increasing the amount of tax which is levied on fuel in the UK, in spite of earlier rumours that this freeze on duty would be removed. So for the foreseeable future the biggest impact on prices will come from the oil industry itself.

How to avoid a summer breakdown

Checking your vehicle thoroughly before setting off on a summer journey is by far the best way to make sure that your trip to the seaside doesn’t turn into a disappointing trip to a hard shoulder or lay-by.

During periods of hot weather the RAC often experiences a 20% increase in call-outs and this can even get as high as 30% in coastal areas.

The top reasons for hot weather breakdowns are usually problems with convertible roofs, air conditioning issues, overheating, lost keys and jammed fuel caps. And, in the heat wave of summer 2013 road side patrols were also called out to free seized-up bonnet release catches – a sign that the engine hasn’t been inspected by the owner for some time.

Breakdown services also recommends that you carry these essentials in your car:

A first aid kit A warning triangle A high visibility vest/jacket A fire extinguisher An empty fuel can Additional engine oil and water (for topping up) A light bulb kit An up-to-date road map or sat-nav In-car mobile phone charger

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