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There are now some wide fluctuations in monthly contract hire rentals as many factors come into play. Amid fears that the industry is predicting the collapse of one of the major contract hire companies before the end of the year and possibly the loss of a few smaller ones, the industry is in a mess with rates all over the place. It isn’t uncommon for rates to have a spread of £50 + VAT per month between the cheapest and most expensive rates on the same car. Fleet Operations have found that in the case of a Ford Focus the spread was Read more »

Motoring costs have increased by 19% in the last year according to the RAC’s Annual Cost of Motoring Index. The average cost of running a family car has increased to £2,435, an increase of £277. This equates to £47 per week or 20.3 pence per mile. The index found that depreciation, which is causing major problems for rental and leasing companies is on average £826 more per year. The happy bunnies at the RAC have predicted that costs will rise further with volatile fuel prices and the uncertain economic climate. By Graham Hill