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Awards 2020 Winner: Best Personal Lease – Nationwide Vehicle Contracts

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20 March 2020

Winner of Business Motoring’s best personal lease award this year was Nationwide Vehicle Contracts which has created a new Business Leasing hub specifically designed for SMEs and their employees.

The new hub houses all the information businesses need to make an informed decision about their fleet, from helpful guides on the different types of agreements available and FAQs to the pros and cons of company car vs company car allowance schemes and general eligibility criteria.

Since launching the hub, Nationwide has seen a significant increase in the number of SMEs moving to personal lease agreements, with around 15% of its personal lease business in 2019 driven by employees with a company car allowance.

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Research also revealed an increasing interest amongst SMEs and business owners for alternative fuelled vehicles.

Thanks to Government tax incentives, congestion charge exemptions and higher residual values resulting in lower monthly rentals, EV, PHEV and hybrid vehicles are now more attractive than ever before.

This research led to the launch of Nationwide’s new Electric and Hybrid offering last October.

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Chris Wright

Chris Wright

Chris Wright has been covering the automotive industry nationally and internationally for 30 years. Following spells with consumer titles he became News Editor of Automotive Management (AM), Editor of Automotive International, International Editor for Detroit-based Automotive News, and Editor of Dealer Update. He has also co-authored several FT Management Reports and contributes regularly to Justauto.com

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