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LaFerrari commanding £1 MILLION premium – and the McLaren P1 and Porsche 918 Spyder attracting premiums too

LaFerrari commanding £1 MILLION premium Being at the top of the new owners list for a very desirable, and scarce, car can yield big benefits, and none more so recently than for Ferrari’s hypercar – the LaFerrari. Oracle Finance has been busy looking at the premiums being charged for desirable cars (and, presumably, willing to finance to premium too) and have discovered that those not on Ferrari’s VIP list – and therefore not invited to buy a LaFerrari from Maranello – are willing to pay a premium of £1 million to get their hands on Ferrari’s replacement for the Enzo. But it’s not just LaFerrari that’s commanding hefty premiums.

Concept Car of the Week: Fiat Ecobasic

This week we're celebrating if not the most glamorous then certainly one of the most relevant concept of the last decade, the Fiat Ecobasic. The car was first shown at the 2004 Geneva motor show as Fiat investigated how to replace Giugiaro's ancient but brilliantly utilitarian Panda. The brief was: cheap to produce, cheap to own and friendly to the environment.

Cycle or walk, charity urges parents

PARENTS could save a collective £2 billion a year if they ditched the school run and accompanied children to lessons on foot or by bicycle, says a transport charity. On average, each set of parents could reduce costs by £642 a year if they did not use their car to ferry their offspring to and from school, said Sustrans. Around 11 million journeys a day are made between home and school, while, on average, primary school children live 1.8 miles from school, which is a 25-minute brisk walk, or 15-minute bike ride.