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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 »

Confusion is going to reign over the many issues that will surround the use of electric cars as company vehicles. Already manufacturers are developing their new electric cars with some such as Peugeot already taking reservations on their new cars. But who pays for the fuel? Cars will need to be charged at the driver’s home as well as at work so who foots the bill and how will it be proportioned between business and Read more »

It’s been a mixed year for us in the car leasing business. Cars have become more and more difficult to source and lenders have pulled out of the broker market in their droves but we have still managed to find some pretty good deals to keep the interest going. We are all uncertain about next year as we are still in recession and manufacturers are still struggling to meet demand but one thing is for sure, I’ll still be pushing 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 »

There are over 1,100 whiplash claims every day, how incredible is that? Not surprising that next year Ministry of Justice reforms will aim to speed through claims when the claims are between £1,000 and £10,000, reduced down from 60 days to 15 days. As we all know whiplash is one of the most fraudulent claims that motorists make but for those that actually suffer whiplash it can affect mobility for the rest of their life Read more »

Contract hire companies are becoming more difficult when it comes to end of lease condition. Also, whilst new cars retain their warranty, when they are serviced at non franchised garages (dealerships), you need to be certain that the servicing meets the manufacturers recommendations.  So in the case of cars having body repairs carried out you need to know that they are repaired properly to avoid the Read more »

Warnings have been issued to employees that are considering a cash for car option. The warning from the boss of Pendragon Contracts, Neal Francis was making the point that lenders are more likely to consider a company application for finance either for company vehicles or as part of their salary sacrifice scheme. He pointed out that the market had changed significantly and individual applications are not as Read more »

Companies and consumers are experiencing the long term results of choosing lessors who set out to capture the gullible by offering low contract hire and PCP rates 2 and 3 years ago. As used car prices continue to drop after a period of sustained increase throughout 2009 lessors who cut their margins finely look to recover losses by overcharging clients for refurbishment work at the end of the contracts with Read more »

The old question of which car to choose has risen its head again as diesel has now been roughly on par with the cost of petrol for months now compared to a year ago when the difference was 13pence per litre. Whether petrol has increased to meet the cost of diesel or vice versa we’re not sure but with better fuel consumption one would assume that diesel would be more popular, however, petrol engines have been vastly Read more »

It would seem that some of the carbon friendly effects of the recession are better management of family vehicles and in many cases a reduction in the number of vehicles being driven by the family. Added to which many employees are opting for cash for cars in place of the old company car scheme, effectively seen as increasing their income, as they now use the family car which they had anyway and was Read more »