Business Car Leasing Explained UK | Business Motoring

Parts availability and technician shortages improving in 2023

By |2023-11-28T15:50:41+00:00November 28th, 2023|Fleet management, Maintenance, News|

r2c’s figures, based on more than 30,000 records across accident damage and unscheduled repairs, show that there has been a general improvement across the board when it comes to delays as a result of parts availability and shortage of labour – two issues that have plagued the SMR sector for the past few years.

Europcar Mobility Group accelerates green initiatives

By |2023-11-01T09:43:15+00:00November 1st, 2023|Contract hire and leasing, News|

Introducing an increasing number of plug-in hybrid and fully electric battery vehicles for private or business rental – including the Tesla Model 3, MG4, ORA Funky Cat and the high-spec Mercedes Benz EQ electric range – Europcar is helping motorists try EV technology before making a long-term commitment.

Tusker enjoys record six months 

By |2023-07-10T15:15:39+01:00July 10th, 2023|Contract hire and leasing, News|

Tusker, which has been part of the Lloyds Banking Group since February this year, has also had a record-breaking first half of 2023, having delivered more than 8,500 brand new vehicles in the six-month period. This brings its overall fleet size to more than 29,000 vehicles for the first time. Of these, 86% electric vehicles - more than 6900, were delivered.

E.ON and Alphabet partner to bolster charging solutions

By |2023-07-07T10:29:36+01:00July 7th, 2023|Contract hire and leasing, Electric Vehicles, News|

New collaboration sees Alphabet working closely with leading EV charging provider E.ON to ensure corporate, public sector, and SME customers continue to get the expert support and best-in-class solutions they need to decrease fleet carbon emissions and choose greener, more efficient vehicles.

Fleets taking SMR back in-house

By |2023-05-15T11:50:19+01:00May 15th, 2023|Maintenance, News|

Move is prompted both by both electrification and the general ageing of the fleet vehicle parc that was currently underway. There’s a growing perception among fleets that what they are being charged for SMR by third parties, especially leasing company maintenance packages, is overinflated and outweighs any expertise that third parties bring when it comes to SMR buying.

SMR issues increasing fleet VOR time

By |2023-05-03T09:18:28+01:00May 4th, 2023|Maintenance, News, SME business motoring and fleet management|

Garages and workshops – from small independents to franchise dealers and repairer networks to fast-fits – are facing similar problems to almost every other part of the motor industry. Getting hold of many parts is difficult while finding trained staff is challenging. These facts are having a direct impact on fleet VOR times and are not the fault of suppliers.

Alphabet reports rise in demand for sustainable fleets

By |2023-03-16T16:04:56+00:00March 16th, 2023|Contract hire and leasing, News|

Alphabet’s latest business figures indicate awareness and demand for sustainable, alternative fleet options continue to build at pace. Its eMobility segment once again showed strong growth in share in 2022. The company’s electrified vehicle portfolio has enlarged substantially over the last three years and last year was no exception with 53,500 vehicles hitting the road. Electrified vehicles accounted for 31% of total new business in 2022 and today, one in three Alphabet vehicles is either partially or fully electric.

The modern costs of car rentals

By |2023-01-17T11:45:49+00:00January 17th, 2023|Daily rental, News|

Car rental is a cost-effective solution to buying, but outside of the booking prices of the vehicle you’re after, there’s still a lot of budgeting to consider. Co Wheels, the hourly car rental business looks at the budgeting you need to plan before tackling the open road. Hiring a car to use on a need’s basis could be a great alternative to owning one, but could on-road charges make it less convenient on your wallet?

Arval’s medium-term rental fleet grows 50% in a year

By |2022-12-20T10:09:31+00:00December 20th, 2022|Contract hire and leasing, News|

Twelve months ago (Oct 21-22), it numbered around 2,500 cars and vans, but has now grown to 3,800, with significant growth expected to continue for at least the next two years. Electrification of the fleet is also gathering pace. At present, more than 14% are electric vehicles, but by the middle of the decade this should be over 90% in line with the 2030 deadline.

Mobilize creates new leasing division

By |2022-12-13T09:35:11+00:00December 13th, 2022|Contract hire and leasing, News|

Mobilize Lease&Co will develop usage-based solutions that include increasingly flexible leasing offers, as well as fleet management services through vehicle connectivity. Mobilize Lease&Co's new offers will be progressively extended to several countries in Europe and Latin America, to retail customers, small and medium fleets large accounts as well as mobility operators. The aim is to reach a fleet size of 1 million vehicles by 2030, compared to 350,000 today.

Managing a smaller fleet is no small feat

By |2022-11-28T11:41:37+00:00November 28th, 2022|Contract hire and leasing, Industry Intelligence, News|

For companies with smaller fleets, the responsibility for managing these requirements is rarely a full-time position. Instead, fleet management is often an additional, and sometimes unwanted, part of a much bigger HR, finance, or general management role. According to a recent Alphabet survey, this has led to nearly all (98%) small and medium fleet managers juggling fleet responsibilities on top of an already busy ‘day job’ and one in two feeling stressed when looking after 10-50 vehicle

Rates rise on existing orders as higher interest bites

By |2022-11-02T09:56:05+00:00November 2nd, 2022|Contract hire and leasing, News|

AFP’s view is very much that this is being driven by financial factors that are completely out of the hands of the leasing suppliers involved but it does create problems that are not just about having to pay higher costs. For example, the increases may move vehicles between company car bands or mean that the lease rate exceeds employee entitlements

CBVC raises the standard in leasing customer satisfaction

By |2022-10-07T10:27:53+01:00October 6th, 2022|Contract hire and leasing|

Platform independently monitors the driver journey and experience, providing feedback that loops back into a continuous improvement process. Using advanced sentiment analytics, the platform highlights areas of success and where service levels can be improved and provides CBVC Vehicle Management with a Net Promoter Score (NPS) which demonstrates how likely customers are to recommend the service.

Fleet managers urged to seek flexible leasing

By |2022-08-16T13:31:09+01:00August 16th, 2022|Contract hire and leasing, News|

The combination of high inflation, rising interest rates and the energy crisis are forecast to impact economic activity at the end of the year significantly. The recession is expected to last five quarters before a period of weak growth that will last until 2025.  SOGO mobility is calling for fleet managers to consider greater use of flexible leasing that allows cars and LCVs to be leased on a monthly basis.

Vehicle price increases “damaging” OEM-fleet relationships

By |2022-07-25T08:59:41+01:00July 25th, 2022|News, SME business motoring and fleet management|

Fleet managers report that they’ve never seen prices move up so quickly, in many cases faster than they can easily track in order to keep their choice lists up to date. It is creating a situation where, if you manage to get a confirmed order for a vehicle, there is no guarantee you will receive it because a cancellation remains likely and, even if it does arrive after 9-12 months, there is a strong chance that the price will have risen markedly.

Pink Car’s EV salary sacrifice scheme offers a car swap every quarter

By |2022-07-13T13:01:22+01:00July 13th, 2022|Contract hire and leasing, News|

Since its launch last August, more than 10,000 employees are now signed up to the HMRC approved Pink Salary Exchange - which puts brand new electric cars in the reach of millions of employees. The amount customers pay includes maintenance, insurance and road tax, and with the deduction coming from an individual’s gross salary, instead of net, it reduces the real cost to the employee and saves National Insurance contributions.

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