Fleet funding - Page 26

Lex Autolease has been appointed by the Ministry of Defence as its vehicle supplier for the department’s latest fleet requirement.

Fleet Evolution has successfully launched car salary sacrifice schemes for businesses often classed as too small for traditional car salary sacrifice arrangements.

Tax expert warns of potential effect of changes to lease accounting standards.

Interest in offering car salary sacrifice schemes to staff is increasing, but there remain significant concerns about the viability of such a benefit in some organisations, according to a survey by fleet decision-makers’ organisation ACFO.

Employers are reducing two headline areas of corporate concern – CO2 reduction and occupational road risk management – by introducing car salary sacrifice schemes.

SMA Vehicle Remarketing, the UK's largest independent vehicle remarketing group, has switched all of its banking facilities to Lloyds Bank as part of a new £13.8 million funding package.

David Riches, managing director, Ultracar, on why the credit scoring system is stacked against enterprising young companies.

Car Leasing Made Simple has appointed Laura Heathcote-Smith and Leonie Channell as senior relationship managers.

ACFO wants to find out how popular car salary sacrifice schemes are with its latest online survey.

Company car drivers would face a tax hike while salary sacrifice schemes would be undermined if Liberal Democrat proposals are adopted.

Leasedrive Group has just launched version 4.0 of its dedicated website for its Mycar salary sacrifice scheme, which is now enjoyed by more than 5,000 employees throughout the UK.

Hill Dickinson, an international law firm, has launched a salary sacrifice car scheme through Zenith for its UK based employees.

A new way of operating company cars is being launched, effectively creating a halfway house between car clubs and traditional company car leasing or ownership.

The Finance & Leasing Association (FLA) has re-launched its impartial online guide for customers buying a car on finance.

Australian tax proposals that make salary sacrifice-type car schemes inefficient will not dent the UK aspirations of leasing companies from the Australasian country.

Fleet optimisation specialist FMG has signed a deal to provide incident management services for Tusker’s specialist salary sacrifice customers and drivers.

Figures released today by the Finance & Leasing Association (FLA) show a good performance from the motor market in the first six months of the year, with consumer new car finance growing 31% by value.

Salary sacrifice continues to prove popular, particularly in the public sector, but one tax expert is claiming that some schemes amount to a raid on the Government’s pension pot

Far from being an expensive way to procure fleet vehicles, if used correctly rental can save your business money. Andrew Brady reports.

Companies with fleets of less than 100 company cars are turning their backs on salary sacrifice, according to a survey by Grosvenor Contracts.

Your Housing, a social housing company covering the North West, Yorkshire and the Midlands, has partnered with Lex Autolease to launch a salary sacrifice scheme for its staff.

Leasing companies must analyse the usage profile of individual vehicles if they are to accurately forecast future service, maintenance and repair costs, according to experts.

In most contract hire companies someone is responsible for obtaining new vehicle data, someone else negotiates discounts with dealers and someone else obtains VRB details and negotiates tactical deals with manufacturers.

The long-awaited revised Exposure Draft (ED) on lease accounting was published by the IASB on 16 May 2013 and addresses a number of the problems identified by respondents following the initial Exposure Draft published in 2010.

Proactive, flexible, knowledgeable, inquisitive, honest and adaptable: these are some of the key qualities fleets want to see from their leasing and fleet management companies.

Contract hire pricing. It’s not the sexiest of topics, is it? When compared with some other parts of the organisation, pricing tends to be positively tame.

One in four fleets is either currently changing their leasing provider or has switched in the past year, according to industry research.

The past four years has seen unprecedented change in the leasing landscape. Mergers, the collapse in residuals values and restricted access to funding have forced all leasing company parents to reassess their policies and position in the market.

Triggers for reviewing funding suppliers tend to fall into two broad categories – immediate requirement and long term influence.

Salary sacrifice market leader Tusker is increasing its focus on the contract hire and leasing market with the appointment of two experienced business development managers.

Following the Benefit in Kind tax changes in April earlier this year, interest in salary sacrifice from prospective drivers and employers remains strong, reports Zenith.

Tusker has taken part in the Energy Saving Trust’s (EST) ‘Smarter Driving’ eco-driver training initiative which they have been offering to their customers – and seen fuel consumption fall by 12%.

ALD Automotive has appointed WNS Assistance for the provision of branded motor claims accident management for existing and new customers.

A strong performance by expanding Ogilvie Fleet helped its parent company maintain profitability, the company has announced.

A franchised dealer group is believed to be the first in the country to capitalise on increasing corporate demand for salary sacrifice car schemes by launching its own initiative targeting employers and businesses throughout the UK.

Tusker has launched a new driver site with upgraded features, new functionality and improved user experience to help drivers select the most suitable salary sacrifice car.

Hitachi Capital Vehicle Solutions’ salary sacrifice fleet has reached 6,200 vehicles in just 18 months thanks to ensuring the fleet, HR and finance departments all work together to deliver a successful scheme for their employees.

Co-operative Flexible Benefits has launched a new partnership with Zenith to provide an innovative car scheme to its customers.

Benfield Motor Group and a firm of chartered accountants and tax advisers, UNW, have teamed up to launch a ground breaking tax efficient car benefit scheme for North East employers and businesses throughout the UK.

Tusker has announced that its 100th scheme has now gone live with a scheme for The Royal Wolverhampton NHS Trust, which has some 6,165 eligible employees.