The Best Car Finance Blog In The World

For those that are keen to learn about the latest developments in accounting rules applied to leases, you need to get out more! As an accountant myself I guess I’d better take a few lines to get you up to speed, I’m sure someone must be interested. The main change proposed by the two main accounting boards, the IASB and the FASB, is the recording of Read more »

There are new accounting rules being worked on by the International Accountancy Standards Board in order to standardise the way that leases are accounted for. Years ago we made a big issue about the fact that contract hire type leases were ‘off balance sheet’ and simply recorded as a revenue expense. This was quite important for large corporates but for smaller companies it didn’t actually carry a lot of Read more »

Leasing fell dramatically across Europe during 2009 according to Leaseurope, the trade association representing the European leasing and vehicle rental industries. New lease business was down by 28.4% last year compared to 2008, this represented the greatest fall since they started keeping records in 1994. My own view is that much of this was the result of manufacturers diverting money into scrappage whilst Read more »

According to reports by trade valuation guides, Glass’s Guide and CAP, the setting of residual values will become more difficult this year due to future uncertainties. Last year values increased as a result of the scrappage scheme, which removed cars from the system, fewer new cars were registered and more lease cars had their leases extended forcing up used car values in the middle of a recession because supply fell Read more »

The new car market is in total confusion. As the extended scrappage scheme finally comes to an end I have predicted that the manufacturers will turn their attention to the fleet market and offer incentives to fleet buyers and leasing companies. Unfortunately experts don’t share my optimism, they feel that manufacturers will still be cautious and unlikely to offer more incentives than are already available with increased Read more »

The new car market is in total confusion. As the extended scrappage scheme finally comes to an end I have predicted that the manufacturers will turn their attention to the fleet market and offer incentives to fleet buyers and leasing companies. Unfortunately experts don’t share my optimism, they feel that manufacturers will still be cautious and unlikely to offer more incentives than are already available with increased Read more »

Whilst the world’s biggest car manufacturer flounders around trying to find out why their cars have a habit of accelerating out of control and then not stopping with horrendous consequences, General Motors, in the US, is capitalising out of Toyota’s problems by offering incentives for people to move out of their Toyota and into a GM car offering such incentives as 5 year interest free finance, cashbacks and help to Read more »

More people are taking cars on lease as it saves money and improves cash flow. They are also wising up to the fact that cars have to be returned in a ‘reasonable’ condition which means any damage should be repaired or you could face some serious refurbishment charges if the leasing company assesses the work when the vehicle is returned. As a result many are turning to the cheapest alternative and that is the Read more »