Latest Leasing News

Parts availability and technician shortages improving in 2023

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.

By |November 28th, 2023|

Leases and warranties should align with new “real world” fleet replacement cycles

Fleet management software specialist FleetCheck said that cars across its user base are now generally being operated for close to five years compared to 3-4 previously, while vans have moved from around 5-6 to up to 7-8. Post-Covid shortages have meant most fleets have been forced to operate vehicles for much longer than originally planned and, in the process, have learnt that they can be safely and economically be operated on longer cycles.

By |September 18th, 2023|

Tusker enjoys record six months 

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.

By |July 10th, 2023|

Can EV sal sac mitigate effects of 40% tax trap?

Latest analysis from Fleet Evolution shows that an electric car leased through a salary sacrifice scheme can not only save income tax but it can, for employees with children, also help protect valuable childcare benefits. An employee with three children and earning £48,000 a year, would be earning an estimated £55,000 in 2027/28, based on average 5% annual pay increases. This will take them into the 40% tax band and means they lose 50% of their childcare benefit, roughly on average £120 a month, as this is index linked.

By |May 30th, 2023|

Fleets taking SMR back in-house

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.

By |May 15th, 2023|

SMR issues increasing fleet VOR time

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.

By |May 4th, 2023|

ULEZ expansion drives motorists towards flexible vehicle access models

RESEARCH from Churchill Expert, Direct Line Group’s flexible fleet insurance provider, reveals a quarter  of London based drivers whose current vehicle doesn’t comply with the emissions standards for the expanded Ultra Low Emission Zone (ULEZ) are planning to switch to a compliant model. 

By |April 26th, 2023|

AFP creates EV mileage cost calculator

Calculator has been created by AFP member David Watts of Volkswagen Financial Services Fleet and plans are underway to make the data it produces widely available across the membership body. It shows potential pence per mile costs for more than 70 models, comparing a variety of home and public charging tariffs in a variety of weather conditions against the current nine pence per mile Advisory Electricity Rate (AER) rate from Her Majesty’s Revenue and Customs (HMRC).

By |April 25th, 2023|

Alphabet reports rise in demand for sustainable fleets

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.

By |March 16th, 2023|

Fleet Evolution webinar looks at living with an electric car

Hosted by Andrew Leech, founder and managing director at the EV salary sacrifice and fleet management specialist, who has over a decade’s experience of running an electric car himself, the latest in a series of webinars begins on Friday February 3rd at 1.00pm. It then continues on Tuesday evenings at 7.00pm before repeating on subsequent Fridays at 1.00pm.

By |January 25th, 2023|

The modern costs of car rentals

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?

By |January 17th, 2023|

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