Benefits of business car leasing
If cash flow is tight and free capital at a premium, the last thing you want to do is tie up your business in bank loans and overdrafts for company cars.
If cash flow is tight and free capital at a premium, the last thing you want to do is tie up your business in bank loans and overdrafts for company cars.
It is anticipated that its low BiK rating will prove attractive for fleet and company car buyers alike, giving the Leon a Total Cost of Ownership (TCO) of just 30p per mile and a strong residual value of 40% after 3 years and 60,000 miles.
Essex site is the first of over 100 Electric Forecourts being built by GRIDSERVE over the next five years ahead of the 2030 ban on petrol and diesel cars. The company’s £1bn UK-wide programme aims to make EV driving an enjoyable, ultra-convenient and stress-free experience.
Leasing Options has researched how the new M6 toll costs compare to other toll roads around the UK and revealed how they stack up over the course of the year.
Policy will utilise Marmalade’s unique ‘App & Tag’ system, which uses specialist smartphone telematics technology to record the miles driven and track how users drive.
If you are looking for something with plenty of capacity, the ability to get down and dirty on the farm, and at a reasonable price, then the Ssangyong Musso Long Bed Rhino will get the job done – it’s the longest, highest-capacity double cab pick-up available in the UK.
With garages and service centres remaining open, scheduled servicing and MOT visits should continue and not be put off. Coupled with this, daily or weekly vehicle maintenance checks to keep an eye on areas such as fluid levels, windscreen damage, working lights and tyre conditions are very important.
Almost a third of UK companies with 10-99 employees are planning to implement or use more operational leasing – otherwise called contract hire – in the next three years compared to just 8% when asked in 2019.
Reimbursement for the business mileage is usually offered by paying an approved mileage rate which s known as Approved Mileage Allowance Payments - often abbreviated to AMAPs. If you make payments to employees above a certain amount, you’ll have to report them to HM Revenue and Customs (HMRC) and deduct and pay tax.
A POOL car is a company vehicle that’s available for use by one or more employees of that company. It can be a pool van, as well. It's called a pool car, because it is an asset that can be used by everyone in that organisation: 'pooled use'. However, HMRC is very keen to ensure that employees don’t use pool cars [...]
Smart EV charging solutions provider NewMotion has announced a partnership with Europcar Mobility Group to provide a complete ecosystem of charging solutions - from easy-to-use, smart charge points to access to the Business Hub platform that allows monitoring, management and control of the entire charging infrastructure. In addition, with NewMotion, customers renting an electric vehicle in one of the Europcar [...]
AS expected the Government has announced plans to bring forward the ban on sales of petrol and diesel vehicles from 2035 to 2030. From then it will be electric vehicles only with hybrids also being phased out from 2035. Reaction within the industry has been mixed, but largely positive. The main concern being over establishing an adequate charging infrastructure. The [...]
BMW Group UK has launched an Accident Support service, offering BMW and MINI drivers assistance and guidance in the aftermath of an accident, through vehicle recovery, repair and onwards mobility. Intelligent, on-board software on selected vehicles recognises when an accident has occurred but airbags have not been deployed. In these circumstances, drivers will receive a notification via their central information [...]
INSURANCE company Admiral has reported huge increase in catalytic converter thefts with Honda Jazz, Toyota Prius, Toyota Auris and Lexus RX the models most targeted. Precious metals found in catalytic converters in vehicles are worth a fortune to thieves – some even more than gold. Lorna Connelly, Head of Claims at Admiral, said: “At the beginning of 2020 we saw an [...]
Leasing Broker Federation partner Moneypenny explains how turning to outsourcing is one hugely effective way of overcoming Covid-19 issues such as furloughed staff, limited resource, and a whole new way of working and building resilience as we navigate the unpredictable climate ahead.
Europcar Mobility Group has appointed Mark Lister as Group Director International Partner Development. His mission will be to continue enlarging the global footprint of the Group brands (Europcar, Goldcar, Ubeeqo, InterRent) through franchising, as well as the development of the Global rent-a-car reservation platform and the expansion of the alliance network that operates in Canada, China, India and Japan. This [...]
FLEXIFLEET, the flexible private and corporate rental service from Thrifty Car and Van Rental, is gaining traction with private and businesses customers seeking adaptability in the current fast-changing economic climate. Thrifty has seen the number of its FlexiFleet rentals increase by 50% year-on-year since the first lockdown period was eased. FlexiFleet offers private clients and businesses the opportunity to rent a [...]
THE commercial version of Land Rover’s Discovery now accounts for one in four of Disco sales, highlighting the importance of fleet and business sales to JLR.
Offering an allowance can mean less work for the business as well as a tax saving and cost saving.
Autotech Training estimates that by 2025, the UK fleet vehicle industry will account for 75% of all electric cars on the road. However, a major knowledge gap surrounding EV’s and a lack of basic training could slow employee usage.