We can provide finance for people who have had difficulties obtaining credit in the past,
if we can’t approve you, we don’t think anyone can!

Are Driverless Cars the Future?

Posted on 26/05/2016

Imagine you’re cruising down the motorway at the national speed limit, coffee in one hand and newspaper in the other, on your way to work. Sounds great, right? But wait. How can you drive to work with that coffee and the morning’s newspaper in your hands?

The google driverless car in the street

You might not have heard of driverless cars but they have been in development for quite some time. Google’s self-driving project kicked off way back in 2008, starting with a modified Toyota Puris. In 2014, they unveiled a brand new car which looked a bit like a Smart Car, but had no steering wheel or pedals, with two seats to kick back in. Google have been testing their self-driving cars on the roads since 2012, which puts them many miles ahead of other manufacturers. However many well-known manufacturers who develop cars that people like you and I would drive around in, such as Nissan, Volvo and BMW, are developing them as well as testing them out. Volvo are currently testing driverless technology in and around London as soon as next year, with a further rollout of up to 100 cars in 2018.

So how do they work? Self-driving cars are powered by an electric motor and use a combination of sensors and software so the car can locate itself in the world to aid navigation. A GPS is also used which makes it similar to a SAT NAV that is available in most cars. The sensors can detect objects such as pedestrians, cars and even road markings, even if they are as far away as two football fields!

Andrew Jones, the UK’s Roads Minister said in a speech yesterday that “Driverless cars are coming and they are sooner than many people expect”. So what exactly can we expect and why is our government so keen to invest in them? Worldwide there are 1.2 million road traffic accidents per year and by developing this technology, we could eliminate many of these accidents. In 2011, 1.3 million crashes were caused due to texting whilst driving and 1 in 5 drivers have confessed to surfing the web on their mobile whilst driving, which suggests that many of these accidents are caused by human errors.  As well as increasing road safety, self-driving cars would allow an increase in access to vehicles for anyone who may not be able to drive independently, such as elderly people or anyone with a disability. Another major factor for this push towards self-driving cars is for the reduction of greenhouse gas emissions that are contributing towards our warming climate. As Europe is under increasing pressure to reduce emissions by 20% by the year 2020, they are looking to invest in valuable technology that will help to achieve that target.  However, expectations for when completely autonomous cars are on the road look to be at least 5 years away, and even longer before you could expect to be in your own self-driving car.

What do you think of self-driving cars?

Registered with Information Commissioners Office ICO Registration Number: ZA132327

UK Car Finance Limited. Registered in England
Registered number 9397657.
Registered Office Lakeside House, 30 Northumbrian Way, Newcastle Upon Tyne, NE12 6EH

Refused Car Finance is a trading style of UK Car Finance Limited and is acting as a licensed credit broker and a lender, we are authorised and regulated by the Financial Conduct Authority, registration number 714966. All finance is subject to status and income. Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required.

Written quotations on request. Certain exclusions for NI residents.

Note: We cannot be held responsible for specification errors, and price errors, we use Motortrade software which is not always 100% accurate. Copyright 2017 Refused Car Finance.

Refused Car Finance can introduce you to a limited number of finance providers based on your credit rating and we may receive a commission for such introductions.

*Representative Example
Cash price – £8,500.00, Deposit – £0.00, Amount of credit – £8,500.00, Rate of interest – 16.24% per annum, Amount of interest – £6,912.00, Lender Documentation fee – £0.00, Lenders option to purchase fee – £10.00, Total charge for credit – £6922.00, First repayment – £256.70, Followed by 58 Monthly repayments of – £256.70, Final repayment – £266.70, Total amount payable – £15,412.00, Representative APR – 29.9%

*Last month, over 51% of Refused Car Finance customers that had their loan arranged were offered an APR of 29.9% or lower

In the first 3 months of this year, UK Car Finance Ltd received 2140 unique applications, of which we were able to offer 2136 applicants a line of credit, subject to the applicant being able to provide acceptable proof of affordability, being free from insolvency and or/a supporting guarantor fitting the lenders eligibility criteria, this represented 99.8% of applicants in this period.

Rated No.1 for car finance in the North East of England collated from Google Business Reviews

Refused Car Finance Reviews

4.90 Average

146 Reviews

Was so fast and easy Jacob was even doing out of work search’s for me , he done more than his job he helped me find my car I wanted and pushed through for me to get it as soon as possible .

Refused Car Finance where awesome they kept me informed every step of the application they where so professional in every aspect. I highly recommend them to anyone with poor credit history and for people who are long term benefits.

Paige was very professional and very helpful. Highly recommend