Wednesday, 17. March 2010
Yet another funder pulled out of the market last month. HSBC has been a bit of a mystery because whilst they appeared to have a fleet of 33,000 vehicles out on contract the contracts weren’t with them at all. The scheme known as undisclosed agency meant that whilst the documentation showed the name of HSBC the agreements were actually underwritten by Lex Autolease. This ‘outsourcing’ started in 2005 Read more »
Monday, 14. December 2009
Many large companies now use telematics to assess the efficiency of their drivers, understand how they drive and whether they take the most efficient route when they are out on their travels. Telematics is a sort of extended Tracker system that not only plots the route of the driver but also records all sorts of other data such as speed, acceleration, braking, fuel consumption etc. The fact is that with so much data Read more »
Friday, 18. September 2009
Just recently manufacturer’s own finance arms have been competing head on with the major leasing specialists such as Lex, Lombard etc. In some cases this has put off customers from using brokers and, as a result, going direct to dealers. This can be dangerous because if you use a broker, who has been in the industry for sometime, such as me, we know which dealers to use in order to Read more »
Wednesday, 1. October 2008
Having been the first to break the news that the takeover of HBOS by Lloyds TSB would also result in the amalgamation of the two contract hire giants Lex and Autolease many are now reviewing what this could mean to the industry. Whilst the takeover still has to be approved by the FSA and needs shareholder approval both MD’s have said that in the meantime it is business as usual. As both companies are Read more »