Fleet News

Boost for residuals

VAN residual values are set to benefit as manufacturers offer longer warranties. CAP Red Book senior editor David Hill said: 'Extension of warranties is a way of winning retail favour to the discount culture in the van market.

'What interests us is the impact of these new warranties on residual values. Some early examples are about to start filtering into the market in the form of early terminations and finance repossessions. We have so far observed these failing to achieve any kind of premium but that is down to ignorance because you can't tell by looking at a van how well covered it is.'

He believes when word spreads, attitudes will change.

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


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