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Small businesses are finding it more difficult to finance vehicles using their traditional and most popular methods of finance, HP, business loans and overdraft. It seems that more are now turning to leasing, according to Fleet News, as it is easier to arrange the finance, reduces the risk and spreads the funding around. Last year, according to the Finance and Leasing Association (FLA), financing new and used cars to Read more »

It has been estimated that there are in excess of 1 million businesses in the UK considered to be running ‘small fleets’ of company vehicles (25 or less). It would seem that the vast majority of these businesses don’t see themselves as running a ‘fleet’ of vehicles but they should be aware that the same rules and regulations regarding duty of care, health and safety and the Corporate Manslaughter Act along with Read more »

There is growing evidence that SME’s and consumers are moving over to leasing as a way to fund their vehicles. The old reasons still exist, having a fixed, known monthly cost, no risk in uncertain resale values and benefitting from hidden substantial bonuses provided by manufacturers to leasing companies but SME’s and consumers  have identified a new benefit. Read more »

OK now I’ve filled you with doom and gloom let me give you the good news. Whilst this new superleasing company (Lloyds/TSB Lex) will dominate the market, because of the scale of their operation they will have to concentrate more on the large fleets rather than the SME and consumer sectors, thereby increasing competition amongst the smaller players. As a result contract hire companies such as Leaseplan, Lombard, Masterlease etc will concentrate on model specific deals. Whilst the superlease company will arrange Read more »