Fleet News

Velo pulls plug on MG Rover deals

VELO has announced it has stopped issuing quotes for MG Rover cars, following the company’s collapse.

The leasing firm said it had continued to quote on product until Friday as there was plenty of stock. Mike McRae, operations director, said: ‘However, as from Monday we have put a stop on any future quotes in the fear that we may not receive the manufacturer support that we would normally claim from the company.

Velo is also warning that parts may also become a problem in future as does the fulfillment of warranty obligations.

‘Dealers may be wary of undertaking such work if there is uncertainty that they will receive reimbursement from MG Rover. It must be said, however, that over recent years demand for MG Rover product, certainly with our customers, has been in decline. This is due, from the driver perspective, to a largely outdated model line up with limited appeal and, from the commercial viewpoint, low residual value performance that largely offset any front-end support,’ said McRae.

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