Fleet funding - Page 15

Contract hire with maintenance is the only risk-free funding solution in today’s uncertain business and economic times, says Activa Contracts.

Brexit chaos, the suitability of FORS, WLTP and salary sacrifice are the diverse range of issues fleet decision-makers are currently concerned with.

The growth of medium-term rental is giving fleet operators a wide choice of acquisition methods, says Meridian Vehicle Solutions.

Computacenter has announced that it has gone live with Inchcape Fleet Solutions’ competitive tendering product Autobid, following Master Vendor supplier status.

Marshall Leasing’s risk fleet has broken through the 8,000-vehicle milestone during its first full year of ownership by Northridge Finance.

Arval’s leased fleet grew by 8.2% last year, reaching 1,193,910 vehicles and the number of vehicles ordered increased by 9% year-on-year to 353,302 units.

The car industry is urging MPs to remove the prospect of a ‘no deal’ Brexit today (Wednesday, March 13) after the Government lost its latest vote.

Short-term vehicle leasing company, Cars on Demand, has achieved a year of record results, announcing its highest double-digit profit growth yet.

Octopus Investments incorporates cost of vehicle, charge points and grid upgrades into single pay-on-use contract.

ARI Fleet UK is now offering customers lease vehicles with no mileage limits, or end-of-life damage charges.

By Professor Colin Tourick, University of Buckingham

Fleets are being warned they could face price increases and longer lead times for vehicles and spare parts, if the UK leaves the EU without a deal.

Overall, the UK’s new car market enjoyed marginal growth in February, up 1.4% following five straight months of decline,

Tony Donnelly, chief executive of Goodwood Corporate Mobility, parent company of GoodLease, believes demand for company cars on contract lengths up to 12 months is set to accelerate.

On-car advertising platform Adverttu says ad wrapping cars could subsidise leasing costs by 90%.

The agreement, which runs for five years, will see LeasePlan UK provide 69 Vauxhall commercial vehicles.

Hippo Leasing Direct has launched a new online portal, offering partner leasing brokers the opportunity to maximise their lead revenue for customers who have been declined vehicle finance due to low credit.

Ogilvie Fleet reports huge growth in demand for Personal Contract Hire (PCH) from drivers giving up company cars.

Volvo Car UK has launched a new virtual sales team following restructuring of the firm’s wider business sales team in 2018.

Tusker has won a place on the Salary Sacrifice Cars and Associated Services Framework, which is used by more than 70 councils and 40 NHS Trusts, as well as multiple fire and police authorities.

The latest BVRLA leasing broker statistics shows a levelling out of the market during 2018 as the overall rate of growth remained at 10%, commensurate with 2017 figures.

Paragon says Government needs to introduce a loan guarantee scheme to help boost the number of electric and hybrid vehicles.

ContractHireandLeasing.com rebrands as Leasing.com, with “Say goodbye to buying” campaign.

True fleet sales were down by 7.2% in 2018, slightly ahead of the 6.8% overall decline in the new car market.

G3 Remarketing has launched a self-appraisal app, enabling motor finance customers to create and submit their own in-depth evaluation reports.

Paragon’s Commercial Lending division has doubled new lending in the past year with every product line reportedly “showing strong levels of growth”.

PVS Asset Finance is forecasting business growth after gaining regulatory approval from the Financial Conduct Authority (FCA).

The Government is being warned that a failure to recognise the impact of WLTP on tax could cause long-term damage to the fleet sector and the environment.

The fleet and leasing industry faces further uncertainty after MPs voted down Theresa May’s Brexit deal.

GKL Leasing has acquired 100% of the shares in Windsor Vehicle Leasing, with the deal approved by the Financial Conduct Authority (FCA).

The GEM Road Safety Charity has announced that the current funding window for road safety projects will remain open until January 31.

Vehicle leasing company Wheels4Sure says that 80% of its customers surveyed have switched from owning a car outright to leasing one through personal contract hire.

The study looked at five of the best-selling models in the UK and discovered that monthly lease costs had fallen by 9.5% on average.

By Tom Preston, managing director of Hippo Leasing

Joe Doyle has been appointed managing director of Zenith’s first direct-to-consumer car leasing offer, ZenAuto, as it gears up for rapid expansion.

My Club Group has launched My Club Leasing, which will specialise in car leasing for sports people.

An increasing number of businesses want to offer a broader mix of vehicle solutions as an employee benefit, according to Arval.

More than 29,000 vans and pick-ups joined UK roads, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).

Orchid has chosen FleetEurope for the provision of 35 customised Peugeot Expert vans, as part of a two-year flexible mini lease arrangement.

By Thore Vestergaard SVP and MD, Commercial Cards, AllStar Business Solutions