Fleet News

Loan rise for Paragon Car Finance

PARAGON Car Finance saw car loans increase by 88% to £96.4 million last year, but its contract hire fleet remained steady at 2,500 vehicles.

Parent company Paragon Group saw pre-tax profits up 11% to £16.3 million for the year to March 31, 2000, compared to £14.7 million for the previous year. Operating income, the equivalent to turnover, rose from £34 million to £37.6 million during the same period. Financial results for Paragon Car Finance are not split from the group's figures.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee