Customer contact grows but less optimism over the economic climate

September 17th, 2020|Leasing & Finance News|

Increasing demand for PCH or BCH over PCP continues, although PCP seems to remain a relevant product. There is still a growing demand for Fleet Management services and a slight decline in interest for Insurance inclusive contracts and Subscription Services (Car Clubs). There has been increased interest in both Flexible and Shorter Term contract types, which you could put down a link with economic uncertainty and job security.

Growing number of SMEs looking to go electric

September 15th, 2020|Leasing & Finance News|

Interest in electric vehicles is growing rapidly among small-medium sized enterprises (SMEs), according to the latest research from the Arval Mobility Observatory. For plug-in hybrids, almost half of SMEs (46%) either already have them or plan to put them on fleet compared to just 28% in 2019 while, for hybrids, they were 45% this year against 37% in 2019.

Can multi-bid fleet acquisition lead to cost savings?

September 10th, 2020|Leasing & Finance News|

Fleet management firm, CBVC Vehicle Management, has published a White Paper on The Benefits of Multi-Bid Vehicle Funding that examines the pros and cons of different business contract hire fleet acquisition methods. It concludes that multi-bid is the most effective method to keep downward pressure on fleet costs.

Europcar develops flexible leasing solutions for cash-strapped businesses

September 8th, 2020|Leasing & Finance News|

Instead of being committed to a fixed-term lease or an outright purchase, Europcar’s B2B Flex and Flex+ packages offer companies the opportunity to pick-up vehicles when they need them. And they can be returned after as little asthree3 months – with no upfront deposit or early termination fees beyond the initial three months.

Startline takes on new recruits following record-breaking quarter

September 7th, 2020|Leasing & Finance News|

Company announces recruitment drive although vast majority of Startline’s team will continue to be home based. CEO sees no immediate reason to enforce a return to pre-crisis working conditions as the business continues to function well based around home working and could operate this way in perpetuity.

Arnold Clark expands offering with new Trakm8 partnership

September 3rd, 2020|Leasing & Finance News|

Decision to partner with Trakm8 led by consumer demand for a more intuitive, data driven telematics offering. The range supplied by Trakm8 includes its T10 Micro device; a self-install solution designed for the commercial fleet management sector that connects with a number of vehicle interfaces to provide data rich insights into vehicle diagnostics and fuel usage

Vanarama becomes first vehicle leasing business to scoop a Princess Royal Training Award

September 1st, 2020|Leasing & Finance News|

Vanarama is one of only four automotive companies to win the coveted award with it being won by Mercedes-Benz, Bentley and Motus Commercials since its inception in 2016. Other winners this year include Santander, IBM, Brother, Co-op and Royal Mail.

FCA Discretionary Commission, can this benefit motor finance?

September 1st, 2020|Leasing & Finance News|

Quotevine Chief Executive Daniel Layne said some concerns remain over areas of the ban, and more clarity is needed – including specific definitions around which vehicles it applies to – as well as the potential for unintended consequences such as dealers exploiting the loophole left by excluding personal contract hire (PCH) from the changes, in order to make up lost revenue.

Are you aware of benefit savings to reduce costs post COVID-19?

August 26th, 2020|Leasing & Finance News|

A change in legislation which came into effect in April this year means that EVs now have zero benefit-in-kind (BiK) tax. This has resulted in significant savings for employees, as well as savings through lower National Insurance (NI) contributions for the employer. Yet, one fifth (20%) of HR bosses aren’t aware of the recent change, despite 44% and 39% of companies respectively offering either employee car ownership or salary sacrifice for a car.

Carparison builds for the future with recruitment drive

August 24th, 2020|Leasing & Finance News|

The recruitment includes the appointment of a new Commercial Sales Manager to underpin Carparison’s ambitions to grow its market offering into commercial as well as passenger vehicles. As well as facilitating comprehensive fleet support, the new appointee is responsible for working with businesses big and small to ensure their fleet is both fit-for-purpose and effectively funded.

Load More Posts