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124 – New lines of credit

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6 February 2009

I had an interesting chat with Paul Bulloch last night.

Paul runs Concept Vehicle Leasing, a BVRLA-approved car leasing broker.

We were shooting the breeze but Paul did say his company had enjoyed a high degree of enquiries over the last month. “Which is great,” said Paul. “We just need to turn them into firm orders!”

Paul was saying that many were companies looking for alternative lines of funding.
As lending is squeezed, and some of the large leasing companies pull out of the small business market, some small and medium sized companies are finding their traditional routes to financing vehicles closed.

“We can open up more credit lines for businesses,” confirmed Paul.

It reminded me of a special report I must write: why it’s a good time to lease a car. In many ways, it gives you the chance to run an attractive business car for very little monthly outlay. I’ll get onto it!

Conversation with Paul Bulloch

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Ralph Morton

Ralph Morton

Ralph Morton is an award-winning journalist and the founder of Business Car Manager (now renamed Business Motoring). Ralph writes extensively about the car and van leasing industry as well as wider fleet and company car issues. A former editor of What Car?, Ralph is a vastly experienced writer and editor and has been writing about the automotive sector for over 35 years.

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