The scheme, called Electric Dreams, is the first to be offered by a co-operative in the UK. Businesses are able to lease an EV for their employees, who then sacrifice a portion of their salary for the vehicle, with no upfront costs. The deduction covers the monthly cost of a brand new electric car, as well as insurance, servicing, maintenance, repairs, MOT, tax, tyres and road assistance, over an agreed term and mileage.
When a financing company considers a lease application, they look for indicators that you’re a reliable borrower, such as your income and credit score. The better your credit, the less risk you pose – improving your chances of being accepted. In some instances, you can lease with a bad credit score, but you will have limited options, and may not be eligible for certain deals.
Business car leasing removes the need to find the initial capital to fund company cars, as you only pay the fixed monthly figure – so that cost is expected and can be budgeted for.
The Leasing Broker Federation will be held alongside the LBF's AGM and are open to Federation members who will also be nominating key suppliers.
Flexibility to lease an electric car for as little as a month could convince drivers that this is the future of car ownership and access to vehicles, to suit rapidly changing lifestyles alongside both domestic and work scenarios. Sales of electric cars are predicted to continue to grow as the Government’s 2030 ban on the sale of new petrol and diesel cars approaches
Through Your Fleet, Silverstone can supply business vehicles using its panel of funding providers, as well as ensure a company has market-leading data on its current fleet 24/7, from booking cars in for maintenance, arranging accident assistance and vital monthly reports on how the fleet is growing.
New data for March 2021 released by Leasing.com shows Hyundai is now the top EV manufacturer when it comes to leasing enquiries in the UK. The uplift is mainly being driven by Hyundai’s two entry-level EVs, the Ioniq five-door hatchback and the Kona SUV.
Whilst VW has taken the manufacturers’ crown, there’s a new leader in the models list. And it’s a Brit. Vauxhall has been a British brand since 1903 and its new Corsa has overtaken the Audi A3 as the most enquired about vehicle on Leasing.com in March of this year.
In a first for the UK vehicle leasing and rental industry, SOGO is offering a carbon-neutral fleet across petrol, diesel and EVs by teaming up with energy giant BP as a major participant in its Target Neutral programme, which helps fleet customers measure, reduce and offset their carbon emissions.
Many SMEs are often unsure whether it’ll be more tax efficient to lease the car personally, or through their limited company. Choosing the wrong option could prove costly in terms of someone paying more tax than they need.
Octopus has designed its scheme to be low effort and zero cost for a business to set up. From launch, Octopus experts are available to help employees choose their cars and get set up with charge points and EV energy tariffs; as well as support the business with scheme documents, approvals and payroll.
With employees working from home, meetings held remotely and many operations now running digitally, businesses are questioning their current vehicle provision and established funding contracts, which may not be fit for purpose on the other side of the pandemic.
The Range Rover Evoque lined up in Vehicle Savers Top 5 Best Value Lease Cars list THERE are many reasons that some companies still prefer to buy their cars, but car leasing is becoming ever-more popular and, according to recent reports from industry experts at Glass’s Guide, the demand for fixed term contracts is only set to increase. [...]
AWARD-winning leasing broker, Concept Vehicle Leasing, will be exhibiting at the Hampshire Business Expo. Concept said it would explain the benefits of car leasing to businesses at the Expo, which takes place at Farnborough International on February 26, 2019. New figures from the British Vehicle Rental & Leasing Association show that leasing continues to rise in the vehicle finance sector: [...]
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.
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.
MANAGING your fleet of vehicles is an enormous responsibility. An expensive endeavour with many moving parts, there are many businesses out there with enough on their plates already. It is a tough time, and anyway things can be made easy is likely a good thing right now. Therefore, keeping things as simple and affordable as possible in managing the fleet [...]
Business plans to use the latest technology to provide a digital-led service that will allow customers to order a vehicle in a matter of minutes. It is also creating a customer service centre in Milton Keynes to ensure all customers are supported with the ability to speak to a team member on the phone.
Parkinson has been a BVRLA leasing broker committee member since 2015. The committee is comprised of member representatives from a cross-section of large and small organisations, including vehicle leasing brokers and funders with a remit is to improve industry standards, particularly around financial compliance.
The 2020 Arval Mobility Observatory Barometer indicates that Small-medium sized enterprises (SMEs) in the UK are increasingly turning to leasing as a means of funding company cars and vans. and they are also turning to leasing companies for advice in what appears to be increasing numbers.
