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Whilst used car prices are having a negative effect on lease rates as they counter the bonuses given away by manufacturers there has been a mild glimmer of hope during January. British Car Auctions have reported on average a 6% increase in used car prices following several months of continued falls. At the same time they reported that the average price was £1,000 less this January than it was last January so the Read more »

Hands up all those who are aware that Land Rover and Jaguar are now owned by Indian motor manufacturer Tata? I thought as much, even though in a recent report the Times Online referred to the takeover as one of the highest profile Indian takeovers in the UK most people still believe that Land Rover and Jaguar are owned by Ford. As a result of the takeover just 9 months ago one could be expected to Read more »

Companies have already started to cut back on their transport costs, as of course consumers have also, in preparation for the difficult times ahead. Sadly the problem here is not a need to downsize or purchase cheaper cars etc. it is really a need to understand the finance tools that are available. Various types of leasing could save businesses a fortune. Taking on a tax efficient purchase scheme when the company is making no profits against which they can write off depreciation and interest is pure lunacy. Losing the Read more »

News from the US is worrying as Chrysler Finance make the first move to distance themselves from leasing by refusing to extend their lease business as a result of increased money costs and plunging residual values of their gas guzzlers. GMAC and Ford Motor Credit are likely to follow suit by reducing the amount of lease business they write. The projections are that other funders will follow their lead. This will have a dramatic effect on the market in the US as leasing accounts for 26% of auto car sales. Will this have an effect in the UK? Read more »