Home/Tag: Startline Motor Finance

Chancellor cuts fuel duty – but it’s not enough say industry chiefs

By |2022-03-24T10:08:17+00:00March 23rd, 2022|Categories: Economic News, Leasing & Finance News|Tags: , , , , , , , |

Industry would have welcomed bigger cuts as the automotive industry has faced extremely challenging conditions during the past 12 months with the well-documented supply issues affecting new car production. It wanted a more significant cut in duty following the example of the Irish government, which confirmed last week that excise duty on fuel in Ireland would be reduced by 20 cents per litre on petrol and 15 cents per litre on diesel, the cost of a 60-litre tank of petrol would have been cut by £10 and diesel by £7.50.

Amanda Miller appointed Head of HR at Startline Motor Finance

By |2022-03-01T09:45:23+00:00March 1st, 2022|Categories: On the move|Tags: , , |

For the past two years, Miller has managed her own successful human resources consultancy business which undertook several projects for Startline. Previously, she has held a number of senior roles including Head of HR at BNP Paribas Leasing Solutions and Human Resources Director at Energetics Networked Energy.

New motor finance business written at Startline grew by 25% in 2021

By |2022-01-25T11:25:45+00:00January 25th, 2022|Categories: Economic News, Leasing & Finance News|Tags: , |

A £292 million securitisation exercise carried out in December, where the company floated part of its existing debt book on the London Stock Exchange, could open up future funding sources. This is evidenced by the company already securing a new £400m committed facility to support future growth.

Smithson joins Startline as head of internal control, compliance and legal

By |2022-01-19T10:17:35+00:00January 19th, 2022|Categories: Leasing & Finance News, On the move|Tags: , |

Smithson will be responsible for ensuring a robust and effective control environment with strong ongoing legal, regulatory and operational compliance, as well as managing the interlock with the company’s legal panel and leading the environmental, social and governance agenda.

Startline supports staff with coaching programme

By |2022-01-11T09:53:40+00:00January 11th, 2022|Categories: Leasing & Finance News|Tags: , , , , |

One-to-one sessions offer from Sanctus Coaching are designed to support staff across personal and professional challenges and, since being introduced a month ago, have generated a uniformly maximum rating in anonymised feedback.

Used EV market opens up to Startline with £292m London Stock Exchange-listed securitisation

By |2021-12-16T08:42:59+00:00December 16th, 2021|Categories: Leasing & Finance News|Tags: , , |

The exercise has seen the company float around three quarters of its existing debt book under the name Satus – Latin for start – in order to open future funding sources, including a £400m committed facility from global bank J.P. Morgan over the next 18 months.

Expected motor finance demand sees Startline recruit more staff

By |2021-11-03T10:17:46+00:00November 3rd, 2021|Categories: Economic News, Leasing & Finance News|Tags: , |

Startline expects the general economy next year to be potentially quite volatile but demand for motor finance to be robust. There is a good chance that early next year, we will see a range of factors negatively affecting the economy, including materials and labour shortages, the end of furloughing, and the ongoing upheaval resulting from both Brexit and the pandemic.

Near-prime motor finance providers continue to tread carefully

By |2021-09-28T10:04:32+01:00September 28th, 2021|Categories: Leasing & Finance News|Tags: , , |

Providers may even tighten up their lending criteria further as the pandemic ebbs following a marked reduction in appetite for lending near to the beginning of the crisis which many assumed would be relaxed over time.

Average used car finance more expensive than at pre-pandemic

By |2021-06-23T09:08:52+01:00June 23rd, 2021|Categories: Leasing & Finance News|Tags: , , |

Comparing figures from near the start of the coronavirus crisis in May 2020 to May 2021, the average price of a used car for which Startline Motor Finance has paid out hire purchase motor finance has grown from £7,837 to £8,699 – representing a rise of 11.0%.

Startline takes on new recruits following record-breaking quarter

By |2020-09-07T08:53:38+01:00September 7th, 2020|Categories: Leasing & Finance News|Tags: , , |

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.

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