Motorists in the UK should refrain from buying the cheapest car they can get their hands on, it has been claimed.The warning comes from Daily Telegraph writer Mike Rutherford and has been made as Britons' finances are crippled by the credit crunch.According to the expert, the value of the Perodua Kelia model, worth £4,499 new, is expected to depreciate by almost three-quarters within three years of ownership.It may be that car insurance customers are put off the model as a result of the warning, although it is not the first time it has been given a rough ride on a public forum.Indeed, Top Gear presenter Jeremy Clarkson referred to the model as unimaginative, calling it junk and claiming it had "no soul and no passion".Clarkson's famous rants have become a staple of Top Gear, along with the crazy stunts he performs with the other presenters.
Sunday 31st August 2008
Monday 25th May 2020
New rules from the Financial Conduct Authority (FCA) have been created to help motorists to reduce the impact of temporary financial distress and to ensure that customers continue to have insurance that meets their demands and needs during the ongoing coronavirus pandemic.
Monday 16th March 2020
On top of the expense of driving lessons, provisional driver insurance and your practical and theory tests, being a young driver is a very costly affair. The combination of sourcing a car and paying for the insurance is very expensive for both the new driver and likely their families.