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A constant problem when customers take out a lease agreement is insurance. You have to cover your car with fully comprehensive insurance. If other drivers will drive the vehicle they must also be covered by the policy and if the vehicle is used for business this must be covered also. The problem is where to go. I still find it amazing that I have Read more »

Insight Part 1: I’m often asked why there can be some incredible differences between the contract hire rental rates quoted by different companies advertising on the Internet. There is no simple answer to this question, in some respects it is not dissimilar to the answer that an insurance company would give as to why insurance premiums can be Read more »

Whilst I’ve been warning about long lead times for months now the industry has warned those that lease their cars to make arrangements earlier to replace their cars as some leasing companies are proving to be very inflexible with regard to lease extensions unless you are replacing your current car with another of the same make, especially where a captive funder has been used. Worst at the moment are VW Read more »

Just as we were hoping to see more lease deals come through and rates start to drop CAP, the used car valuation company, has announced a weakening of the used car market and prices through auction starting to fall slightly. Mike Hind of CAP said that he wasn’t too concerned as ‘This is not the same dynamic as the panic of 2008.’ Although he went on to point out that the market is at its weakest for 12 months with no Read more »

As we know, we tend to follow behind America, whether it’s the weather, release of new technology, a recession, an economic recovery and so on. So I was pleased to read in the Wall Street Journal that the leasing industry is just taking off big style in the US with (surprisingly) Toyota leading the way with Honda following up offering incredible deals to move new cars with rates dropping lower than they were at the Read more »

Carsite, the online reseller of ex lease cars, has used their experience gained over the last few years to identify the top 10 contributors to a sharp intake of breath from the car dealer, when you part exchange your car, which results in much less being offered for you car than would have been otherwise. They have even suggested what the dealer is likely to knock off his offer as a result. Some things are damage items such Read more »

 I know I’m an old softie but I was saddened to read in amongst the list of new car launches this year an entry for the Saab 9-5. The lines looked great but may never be produced because minutes before, I read that GM, in its firesale of Saab, had sold the rights to the technology and tooling of the current 9-3 and 9-5 to Beijing Automotive Industry Holding Company. Does this mean that we will still see the new 9-5? Read more »