All the latest articles about business car finance – from finance lease and contract hire considerations to manufacturer specific service packages for SMEs.
While not immune from the prevailing economic conditions, dealer finance can be very competitive and has the advantage of being ‘secure’, which typically helps acceptance levels. Dealer finance is also quick and easy to set up and frees up other borrowing.
Fleet Alliance said it is seeing huge uptake of its new salary sacrifice scheme. Since its launch at the start of this year, some 54 companies have taken advantage of the Fleet Alliance salary sacrifice scheme, which has been aimed primarily at SMEs but which is available to businesses of all sizes.
The strength and resilience of Zenith’s model, covering all vehicle types, a variety of channels, and a wide range of services is a key driver of the group’s continuing strong performance. The long-term contracts and customer relationships that form the foundation of the business are also key to its success.
Need to customise your leasing offer? Want a personal lease or personal contract purchase without any hassle? Would you like to be able to customise your quotes online? Did you know that flexible funding methods including no deposit leasing are available (subject to status)? BUSINESS circumstances change just as personal ones do, so finding the right car finance that suits [...]
PCP (Personal Contract Purchase) in brief Variation of a Hire Purchase agreement Regular monthly payments towards the purchase of a new vehicle are a benefit As are lower monthly payments and greater flexibility Protection from falls in car values THAT tetchy subject of car finance has been back in the spotlight recently. You’ve probably seen it in the media, spelling [...]
We’ve busted the car leasing jargon Here’s our A-Z of most commonly used terms Click here If you’re baffled by car leasing jargon, you’re not alone! PCH; PCP; HP – help! Do you know what this all means? 64% of respondents felt that car leasing jargon or abbreviations created a barrier to communication and only 10% could adequately describe [...]
PERSONAL contract purchase was the answer for cabbie Michele Berti, who was looking to finance a new vehicle for his business. Often simply referred to as PCP, it allows you to pay low monthly rentals initially with a range of final options that include paying a final balloon to paying the vehicle. It’s particularly useful for self-employed non-VAT registered small [...]
SMALL businesses and SME owners spend much of their time at full tilt running their businesses, juggling a variety of different tasks. But an alarming number are in the dark on the advantages of vehicle leasing - and how it could make their lives a little easier. For example, nearly one-third of SME directors believe that their business setup is not [...]
FOR many businesses whether large, medium or small, having a car for staff is essential. They are needed for long journeys to attend conferences, meetings, workshops, events and are great for carrying a group of employees together. But how should you finance your car fleet? Company cars are brilliant for branding as you can have them wrapped with your logo and brand, but if you [...]
LEASING brokers feel that motor manufacturers miss out on broker growth through not delivering proper account management and communications which is hampering potential growth in the sector, according to a new survey from the Leasing Broker Federation. The Leasing Broker Attitude Survey, conducted by the independent membership organisation that supports and promotes leasing brokers across the UK, shows that while [...]
THE first ever survey of vehicle leasing brokers suggests good times ahead for the sector with 87% of brokers reporting a buoyant market with demand for car leases or other financial products on the up as SMEs, corporates and private buyers take advantage of low car lease rates. Conducted by the Leasing Broker Federation, an independent membership organisation that supports [...]
Future capital allowances from April 2018 The government will extend the 100% First Year Allowance (FYA) for businesses purchasing low emission cars for a further three years to April 2021. It will also change the qualifying criteria to the following: up to 50 g/km - 100% first year allowance 51g/km-110g/km - 18% capital allowances 111g/km or more - 8% capital [...]
WE have Ford Motor Company to thank for inventing the Personal Contract Purchase (PCP) plan. Back in 1992 Ford came up with its innovative 'Options'. Ford's Options scheme gave customers the opportunity of driving a new car every two or three years. Since then around 700,000 car buyers have chosen Ford Options – and the scheme has become widely copied. [...]
The lease purchase car buying low down Like hire purchase but with lower monthly payments followed by a larger final payment This larger final payment is usually called a balloon payment Lease purchase is a useful way to purchase more expensive or premium vehicles in a structured manner As there’s no VAT on the monthly instalments, it’s useful for non-VAT [...]
FINANCING your company car through a hire purchase agreement has always been popular with small businesses. Ralph Morton, explains why.
PCP package highlights for Tesla Model S Car performance 0-60mph in 2.8sec Range up to 330 miles on full charge Free recharging at Supercharger network,with 20-minute half charge PCP purchase option from £404 per month with £13,070 deposit Equivalent to about £296 per month with fuel and road tax savings against conventional internal combustion engine car TESLA is launching a [...]
BMW Group Financial Services wants to make the complex world of motor finance more transparent and less convoluted. It comes at a time when the UK car market is celebrating over three consecutive years of growth and the nation is funding these car purchases in the main through motor finance. BMW Group Financial Services has now set out details of [...]
WITH company car registrations still on the increase more and more UK businesses are taking a closer look at the best way to finance these expensive acquisitions. And in a lot of cases they are opting for finance lease as the best way forward. It’s now seen as a sensible compromise between owning your company car and outright business car [...]
Struggling to make sense of the accounting of company cars and the taxation of company cars? Let Colin Tourick put you straight I'M confused by the accounting and taxation methods of the cars we own. Are the terms interchangeable? I could do with some help. Colin Tourick - a taxation and business car specialist at Colin Tourick Associates [...]
There are still savings to be made but you will need to do your research more than ever SUCCESSIVE governments have been encouraging companies to run greener cars by giving larger tax breaks for cleaner models. But the rules on capital allowances are tightening up in a bid to make the UK ever more pollution free. Now businesses [...]
