Campaign For Government Legislation May Affect Car Finance

Individuals who take out car loans to pay for their new vehicles should set aside extra money for insurance. This week, the government began the awareness campaign for introduction of new legislation. As of June 20, it will be illegal for UK motorists to go without appropriate auto insurance coverage.

This law pertains to drivers whether they use car finance or pay cash for a vehicle.

Ashton West, Motor Insurers’ Bureau chief executive, reported that approximately four percent of motorists in the UK do not have appropriate insurance coverage. He remarked that change is needed in this area, making this enforcement-style approach essential.

The program includes advertisements that will run on several television channels.

Mike Penning, the road safety minister, stated that the message from the government is “clear.” He said that repercussions for failure to adhere to the law will be severe. Violators may be subject to fines or court action. If they continue to disregard the law, their cars may be destroyed.

The repercussions begin with a letter addressed to the car owner, informing the person of an initial violation.

Individuals with statutory off-road notices are not subject to the new rules. However, they are still fair game for the new on-location fines issued for dangerous behavior while driving. These fines were announced by the government earlier this month.

It is now more important than ever to be a responsible driver because not doing so can result in monetary penalties that may be substantial.

Car buyers who cannot afford auto insurance should think twice about purchasing a vehicle. Come June 20, they are taking even more of a gamble than before when operating a car without insurance. It would be wiser to take public transportation or ride a bicycle until enough money is saved to insure a new car.