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Manheim, the large auction house and end of lease vehicle inspectors have identified over £12 million of end of lease damage charges over 90,000 inspections during 2009. 38% of the vehicles that were assessed had damage in excess of the British Vehicle Rental and Leasing Association fair wear and tear guidelines resulting in an average charge of £350 per vehicle, up by 14% on 2008. Some of this was blamed on 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 »

As we know credit has been harder to arrange of late with some vehicle finance funders down to around a 20% acceptance rate. But if you foolishly believed that the situation would ease this year, considering the fact that bankers are again paying themselves some massive bonuses, you would be wrong! You see years ago credit card companies were credit card companies and leasing companies were either part Read more »

 The cold snap meant that, for the first time in years in the south of England, drivers were not only having to deal with driving in very snowy and icy conditions but also have had to clear large amounts of snow and ice off their bodywork and screens. In some cases I saw drivers clearing snow that had turned to ice off their car with a spade and another with a piece of wood. Whilst most were reasonably sensible and Read more »

We’ve heard that house prices have increased again but that we shouldn’t take this as a sign that the economy is recovering as it is simply a result of supply and demand. Few houses available with more buyers looking. I’m now hoping that the same rationale is being used when leasing companies view the recent drop in used car prices following nearly a year of increases. The improved returns through auction was Read more »