When Will Self Driving Cars Be Available?

Self-Driving Tesla

Everyone loves the idea of sitting in the passenger seat as their car drives them to their destination. It’s like chauffeuring, but without the need to make small talk! Of course, it also sounds a little bit far-fetched.

Cars can’t drive themselves – yet, and people drive cars – for now. But whichever way you look at it, the future of domestic transport appears to be automated, especially after the ban on new petrol and diesel vehicles. So, when will self-driving cars be available?

They have been approved (sort of)

While a fully automated, self-driving vehicle may not be accessible to UK motorists, cars that allow drivers to take their hands off the wheel for extended periods were approved in April 2021. This is thanks to a technology called Automated Lane-Keeping Systems, or ALKS for short.

When ALKS software is activated, cars will automatically stay in their lanes up to speeds of 37mph. They can also brake if drivers don’t respond to a system alert within ten seconds.

But autopilot isn’t that close

However, self-driving as most people see it could be a long way off if the industry is anything to go by. Far from investing more money into the market, several of the early leaders have sold their automated divisions. For example, Woven Planet, a Toyota subsidiary, bought Lyft’s unit. Uber has flogged its self-driving section, too, with Aurora Innovation the buyers last December.

Tesla continues to be a great bastion of Level 5 autonomy though, so there is still hope of a breakthrough in the future. Currently, only shortcuts such as ALKS are ready to hit the market.

Bridge the gap with My Car Credit

Self-driving vehicles are not yet available, but when they are, we’ll be on hand to help with the finance side of things. Until then, you can bridge the gap by searching for a great deal for your next car with our expert help.

Whether you need a car finance poor credit deal or you want to know how APR works, we have the perfect tools. Contact us today to get the ball rolling on 01246 458 810 or enquiries@mycarcredit.co.uk.

Rates from 6.9% APR. Representative APR 13.9%

Evolution Funding Ltd T/A My Car Credit

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X monthly repayments of
£X

Typical rate

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Total payable

X% APR*

£X

£X

*for illustration purposes only

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Representative Example

Borrowing £7,500 at a representative APR of 13.9%, annual interest rate (fixed) 13.85%, 47 monthly payments of £201.38 followed by 1 payment of £211.38 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £2,176.24, total amount payable is £9,676.24.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

Car Tech That Could Change the Way We Drive

electric car being recharged at charging point

Technology is constantly moving forward. Just consider what your phone can do now compared to ten years ago. However, it’s not just our phones that are capable of doing more. Today’s cars are near-unrecognisable from their automotive forefathers. Here are some car technologies that could change the way we drive (sooner than you think)!

More fuel-efficient cars

This technology is set to dominate the next stage of the automotive industry – the increasing number of hybrid and electric cars cropping up every day stand testament to this. As many international governments commit to green energy plans, we believe green car technology will (one day) become the norm. Expect to see petrol stations doubling up as electric charge stations in the next decade. Very sci-fi!

Self-driving cars

Autonomous cars are causing a lot of excitement in the automotive industry. A number of companies have invested large amounts of money into cars that can drive and park by themselves. In fact, there is already a wealth of semi-autonomous technology out there, with more and more cars featuring auto-braking sensors, adaptive cruise control and self-parking features.

Energy-storing body panels

Hybrid and electric cars are already set to become the norm of the automotive industry. Whilst this is probably a good thing, there is one slight hang-up that needs some ironing out. The batteries required to run a green energy vehicle add a significant amount of weight onto the vehicle. That’s where energy-storing body panels come in. The idea is that the panels would be able to store some of the energy from the batteries, powering the vehicle when it needs it most. Reducing weight and increasing energy efficiency. Win-win.

Predictive vehicle technology

Artificial intelligence (AI) has a pivotal part to play when it comes to the future of car technology – especially when it comes to predictive vehicle technology. Put simply, this technology will tell you what your car needs when it needs it. Forget dashboard lights that tell you about issues with your engine or when to top up your petrol, the whole of your car’s performance will be tracked and relayed to you via your smartphone or laptop. From the sensible to the sci-fi, there is no doubt that advancements in-car technology will change the way we drive. If you’re excited about the cars of tomorrow, but looking to finance a car for today – apply now or get in touch with our dedicated team of experts if you have any questions.

Rates from 6.9% APR. Representative APR 13.9%

Evolution Funding Ltd T/A My Car Credit

My Credit Rating

Excellent

  • You are a home owner
  • You have been on the electoral role for a long period of time
  • You have current credit arrangements and mortgage with no defaults
  • You have no CCJs, credit arrears or missed payments
  • You rarely apply for credit
  • You are employed or self-employed

Good

  • You are on the electoral role
  • You are a home owner or long standing tenant
  • You have a stable employment history
  • You have current credit arrangements with occasional missed payments
  • You have no CCJs

Fair

  • You are or have recently been on the electoral role
  • You may have recently changed address
  • You may have occasional missed payments
  • You may have an old CCJ
  • You may have regularly applied for credit

Poor

  • You may have had frequent changes in address
  • You may not be traceable on the voters roll
  • You may have exceeded credit card limits
  • You may have missed payments on current agreements
  • You may have had a CCJ in the past

Bad

  • You may not be traceable on the voters roll
  • Your credit cards are over their limits
  • You have recent CCJs
  • You may have been refused credit elsewhere
  • You may be in a debt management plan
£

X monthly repayments of
£X

Typical rate

Loan amount

Total payable

X% APR*

£X

£X

*for illustration purposes only

No impact on your credit score

Representative Example

Borrowing £7,500 at a representative APR of 13.9%, annual interest rate (fixed) 13.85%, 47 monthly payments of £201.38 followed by 1 payment of £211.38 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £2,176.24, total amount payable is £9,676.24.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!