Fleet funding - Page 2

Leasys UK is expanding its long-term rental offer for electric vehicles (EV) with new models from Leapmotor.

The Monetary Policy Committee voted by a majority of 8–1 to leave the rate unchanged.

Alphabet reports that fleet electrification continues to be the driving force in the transition to alternative drive trains.

Having secured FCA approval, Citygate Leasing is working with a panel of funding partners to offer personal and business contract hire.

Owned by Stellantis and Crédit Agricole, Leasys publishes financial results for 2024.

An electric car salary sacrifice scheme has been introduced for staff at Warp Snacks in partnership with Fleet Alliance. 

Fleet decision makers can hear about how they can make salary sacrifice work for their company in our webinar. Watch it now.

Vehicle broker Vanaways has revealed ambitious plans to double turnover to £200 million in the next two years.

The European Investment Bank and Ayvens have signed a new financing agreement to rollout a fleet of 19,000 eLCVs in Europe over the next three years.

Kinto UK has struck a four-year commercial fleet management deal with grounds maintenance service provider Idverde.

Multiple cost pressures have forced Schmitz Cargobull, a semi-trailer manufacturer, to increase all of its vehicle prices between 3-5%.

The company behind the Formula E electric racing series is offering a new electric vehicle salary sacrifice scheme to over 200 of its eligible employees.

Employers are being warned that some plug-in hybrid electric vehicles ordered through salary sacrifice schemes may not end up qualifying for the benefit.

An electric vehicle salary sacrifice provider has reported a significant increase in employers looking to launch a scheme since the Autumn Budget.

BYD UK and Arval UK have joined forces to launch BYD Lease for the UK’s fastest growing car brand.

One-on-three electric vehicle contracts have been formally extended by Zenith to address the decline in used plug-in prices.

Lex Autolease-owner Lloyds Banking Group will offer finance and leasing products for electric vehicles from Chinese manufacturer Xpeng.

Grosvenor Leasing has announced a shift in its strategic direction as well as a new brand as it prepares to meet the future needs of fleets.

Lloyds Banking Group has increased the amount of cash it had put aside for potential payouts on car loan commissions.

An attempt to intervene in a landmark case concerning hidden commissions in car finance by Rachel Reeves has been rejected by the Supreme Court.

The Renewable Energy Association (REA) has made a series of recommendations to Government to help switch away from petrol and diesel vehicles.

Warranty Solutions Group has announced an exclusive new partnership with Loveelectric to provide cosmetic and alloy protection.

Arval has grown the number of vehicles it leases by 5.6% year-on-year, with its global fleet now standing at almost 1.8 million vehicles.

Arval UK has secured a new, solus fleet agreement with critical power specialist WB Power Services.

Economic slowdown is forcing some fleets to turn to used vehicles rather than new vans, according to Shoreham Vehicle Auctions (SVA).

The Bank of England's monetary policy committee's decision to cut interest rates is the third cut to the cost of borrowing in just over half a year.

Newly published fourth quarter and full-year results for the leasing giant reveal that profit before tax hit almost €1 billion last year.

The Government is being urged to change the threshold for the expensive car allowance, which will apply to BEVs and PHEVs for the first time from April.

The LCV Group has been sold for an undisclosed sum to broker Global Vans by Crownhawk Properties.

Partnership will allow AA Lease to quickly scale the business thanks to access to the market’s funders.

Electrified cars accounted for 79% of new car orders on the Glasgow-based company’s managed fleet.

Fleet Evolution achieved a record year in 2024, thanks to lower rentals, a wider choice of electric cars and the continued availability of PHEVs.

Alphabet (GB) has been independently certified as one of the best places to work by the Top Employers Institute for the 12th year in a row.

Global investment firm KKR has entered into a binding agreement with shareholders to buy asset leasing business Dawsongroup.

The new brand will offer retail and contract hire finance ,and wholesale financing.

Lee O’Connell, sales director at Sogo mobility, explains why it’s important fleet operators need solutions that allow them to pivot as conditions change.

Mistrust of valuation forecasts, more vehicle recalls and the challenge of closing an EV servicing gap to define Britain's struggling automotive market in 2025.

Electric vehicles now represent 37% of the total lease fleet and 44% of new additions, with some leasing companies already well above the 50% threshold.

The assets of a transport, logistics and warehousing business are to be auctioned by BPI Asset Advisory.

John Messore, freelance tax expert on company cars, vans and fuel cards, examines the impact of Government plans to end ‘contrived’ ECOS schemes.