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Posts Tagged ‘car leasing’

Many businesses traditionally support their transportation needs by purchasing vehicles from local dealers. Local garages and businesses are often favoured because they are in the right place to provide timely servicing and maintenance. Business will usually negotiate a significant discount due to the quantity of vehicles required and the ongoing business they will be providing to the supplier.

But the current economic gloom is making many businesses rethink the way in which they finance their transport needs.

Cost-cutting is what the accountants and finance departments want, but this must be carried out without any impact on the businesses ability to continue to operate profitably. Many businesses are cutting back on their company car provisions. Instead of providing their executives and sales people with their own dedicated company car, bought from the local dealer, many are turning to business car leasing arrangements. Some businesses are now using a car pool of leased vehicles rather than providing dedicated company cars.

It is estimated that as much as 20 to 60% can be saved by leasing rather than purchasing vehicles for business.

Leasing rather than buying is the approach taken to vehicle finance taken by many businesses that make use of commercial vehicles and vans. Leasing vans and trucks is not new to business but was previously primarily used by larger organizations. Today’s challenging economic downturn has resulted in many small and medium sized enterprise choosing to lease their vans, refrigerated trucks and minibuses rather than buy.

Businesses can take advantage of the many advantages that leasing can provide. There are tax advantages for most businesses and the fixed monthly payments help accountants to budget their transport costs.

One of the main disadvantages is that the business never actually owns the vehicles which remain the property of the car leasing company. Another potential disadvantage is that you must generally estimate the anticipated mileage and if this is exceeded significant costs can result.

If you are responsible for the transportation in your business, whatever your size, you would do well to research the potential benefits of vehicle leasing over outright purchase.

A lot of businesses have grown used to providing their transport needs by purchasing cars and vans from local dealers. Being local means that they are ideally located to support servicing and maintenance. Business will usually negotiate a significant discount due to the quantity of vehicles required and the ongoing business they will be providing to the supplier.

But the current economic gloom is making many businesses rethink the way in which they finance their transport needs.

Cost-cutting is what the accountants and finance departments want, but this must be carried out without any impact on the businesses ability to continue to operate profitably. Lots or businesses are rethinking the provision of company cars. Instead of providing their executives and sales people with their own dedicated company car, bought from the local dealer, many are turning to company car leasing arrangements. Some are choosing to use a car pool of leased automobiles that can be used by any member of staff who needs a vehicle.

It is estimated that as much as 20 to 60% can be saved by leasing rather than purchasing vehicles for business.

The same approach has been adopted by many companies requiring commercial vehicles. Leasing vans and trucks is not new to business but was previously primarily used by larger organizations. The current recession has led to many small and medium size enterprises opting to lease their commercial vehicles rather than buy them outright.

Businesses can take advantage of the many advantages that leasing can provide. The initial outlay is minimal, there are some useful tax advantages and the fixed, regular monthly payments can help with budgets.

An advantage for many businesses is that they will never own the vehicles which will remain the property of the vehicle leasing company. Another disadvantage is that you must generally agree the prospective annual mileage when taking out the lease contract.

If you are in a business that needs to cut costs you would do well to look into the potential benefits of vehicle leasing.

A lot of businesses have grown used to providing their transport needs by purchasing cars and vans from local dealers. Being local means that they are ideally located to support servicing and maintenance. Business will usually negotiate a significant discount due to the quantity of vehicles required and the ongoing business they will be providing to the supplier.

The current recession is prompting many businesses to look at alternative ways that they can provide and finance their transport needs.

Accountants and finance departments want to cut costs but, obviously, this must be achieved without any impact on the profitability of the business. Company cars is one area that many businesses are cutting back. Instead of providing their executives and sales people with their own dedicated company car, bought from the local dealer, many are turning to business car leasing arrangements. Some are choosing to use a car pool of leased automobiles that can be used by any member of staff who needs a vehicle.

It is estimated that as much as 20 to 60% can be saved by leasing rather than purchasing vehicles for business.

Leasing rather than buying is the approach taken to vehicle finance taken by many businesses that make use of commercial vehicles and vans. Leasing vans and trucks is not new to business but was previously primarily used by larger organizations. The current recession has led to many small and medium size enterprises opting to lease their commercial vehicles rather than buy them outright.

Businesses can take advantage of the many advantages that leasing can provide. There are tax advantages for most businesses and the fixed monthly payments help accountants to budget their transport costs.

One key disadvantage is that businesses never actually own the vehicles which remain the property of the car leasing company. Another disadvantage is that you must generally agree the prospective annual mileage when taking out the lease contract.

If you are responsible for the transportation in your business, whatever your size, you would do well to research the potential benefits of vehicle leasing over outright purchase.

Thousands of UK workers are at risk of losing their jobs in the wake of the collapse of American car manufacturing giant General Motors (GM). The company filed for bankruptcy in the US yesterday, leaving the future of all its workers uncertain. The European branch of GM, which includes Vauxhall in the UK as well as the German brand Opel, has already been sold off to Magna International, a Canadian car parts company.  But although this means that both the British and German brands will continue production, a fall in demand for car sales and car leasing deals could mean that Magna will be making significant job cuts.

The concern for Vauxhall’s workers comes because Magna is a relatively new company in the UK, with ties to Russian oligarch Oleg Deripaska’s vans company and Sberbank, a Russian bank. The Russian involvement has raised worries about production at Vauxhall’s Luton plant, a joint venture with Renault where Trafic and Vivara vans are made, could be switched to Russia, putting the 1,400 workers at Luton at risk of losing their jobs. The German government also had a hand in making sure the takeover deal went smoothly, leading to fears that all the company’s German plants could be protected and that if cutbacks in production and staff were necessary, it would have to happen in the UK. However this is all speculation at this point as Magna are still assessing the situation before making any decisions and have made it clear that they will do everything in their power to protect as many jobs as possible in all areas.

For Vauxhall’s 5,500 UK workers, all they can do is to remain hopeful that the company will recover quickly after the takeover by Magna, who obtained the company over other potential buyers including Italian car manufacturer Fiat. Car leasing and car sales will need to improve soon for the decision to keep factories open to be viable. In the meantime for buyers interested in purchasing a car from Vauxhall, car leasing could be a better option as it enables you to choose from a wider range of vehicles, and is less likely to leave you in a difficult position if the company suffers any further disaster in the future.

For great deals on van leasing and van contract hire

Thousands of Honda employees have returned to work at the company’s Swindon plant after the troubles of the car industry forced its closure four months ago. All 3,400 of the returning workers will be taking a pay cut until 2010 but are pleased that their jobs are finally guaranteed after spending the last four months worrying about the possibilities.

The factory was forced to close while the company decided on the best way of dealing with the problems caused by the global recession and the effect the economic downturn has had on the number of car sales and contract hire agreements. The car industry has been one of the worst affected and almost all car manufacturers are having difficulty staying afloat, but Honda’s experience could serve as a good example to the other brands still hanging in the balance. Tamporarily suspending production at the Swindon plant has given them opportunity to discuss and make decisions about the company’s future as well as complete maintenance work that had been in the pipeline for a while. The production lines were stripped and rebuilt during the months the factory was closed, and the entire plant was redecorated, where possible by employees who had the specialist skills required for the job. 

But not everything is good news. 1,300 workers from the Swindon factory chose to opt for voluntary redundancy at the time of the closure, many of whom still have not managed to secure alternative employment. And although the employees returning to work now know their jobs are secure, their pay has been cut by 3%, or 5% in management roles, for the first 10 months. The plant is only running at 50% of its normal capacity, with a projected output of 113,000 vehicles in 2009, less than half the original intended number of 228,000.

In short, it’s a small victory but the company is not out of the woods yet, Honda car leasing and sales figures will have to increase significantly over the next few months if they want to avoid any further disasters. The new Honda Jazz model, due to start production at Swindon in September, should help to boost sales and work towards securing the long-term future of the plant. Not to mention as the economy begins to recover buyers will be taking advantage of low car prices as across the board from Honda to Mercedes, car leasing and purchase prices are cheaper than ever.

For great deals on van leasing and van contract hire

General Motors, one of the largest car manufacturers in the world, has filed for bankruptcy with the American government. For as long as cars have been around, General Motors (GM) has been one of the big three car manufacturers in America and one of the largest in the world. Now the motoring industry is really struggling, and of the three biggest car manufacturers in America two have now been forced to seek protection from their creditors by declaring themsleves bankrupt. But what effect will this all have on us?

Well, for car buyers in the UK, the answer is probably not much. If you own a car made by GM, there’s no need to worry about the future of your car and any parts you may need, as the company has not gone out of business entirely. After receiving protection from the American government, they predict the company will be reconstructed in as little as three months. In addition GM Europe, which is responsible for Vauxhall and the German brand Opel, has been bought by a Canadian company who have said they will do all they can to protect the 5,500 UK jobs at stake.

For consumers looking to purchase a new car in times like these, it could well be that leasing or contract hire could be a better option than buying outright, as it gives you more freedom of choice and wouldn’t leave you in the lurch later if the manufacturer did go out of business. Certainly if you are worried about buying a car by one of the main manufacturers tied to one of the companies that is at risk such as Vauxhall or Ford, car leasing could put your mind at ease.

Whether you’re looking for a handy little car about town or a fancy new BMW, car leasing gives you a wider choice of vehicles including those that may otherwise have been out of your price range for buying outright. Your agreement takes into account your projected mileage and wear and tear, so your car won’t decrease its financial value over the course of the contract and when your agreement ends you get to swap the car for the new model of your choice. With the car industry in such a state of disaster, it could be the best way to make sure that any future disasters don’t affect you too much!

For great deals on van leasing and van contract hire

While I was driving to work the other morning I got stuck in a traffic jam on the motor way, it was quite a lengthy one and I did begin to get slightly bored. After a while I glanced over to the other side of the carriageway, to my astonishment for at least 30 minutes every car that went pass was so nice. There I was in my car that was just on its last wheels and every one else is driving brand new vehicles. I have to say where do they get them from?

After briefly thinking for a while, I came to the conclusion that not everyone can afford brand new vehicles, so here are my ideas.

1) They purchase cars on finance which they really cant afford and then they struggle to make repayments. People go and get the best possible cars and then they cannot keep up with the monthly payments that they have committed themselves to for the next 10 years, so they end up trying to sell the vehicle and we all know that cars are always dropping in price.
2) In my opinion this is how a lot of people are getting their vehicles and it is the best possible way, something that could in fact overtake buying vehicles is car leasing. Car leasing lets you get a much nicer car than you could usually have, without paying for it all at once. You just pay a monthly fixed rate for a new gleaming car and you do not have to worry about all of the repair costs. At the end of your yearly or two yearly contract you pass the car back and then get yourself another brand new one.

I’m almost tempted to go out and get myself a new car on lease tomorrow!

Look no further for great deals on van leasing and van contract hire

In the 21st century cars are a must, if you are solely relying on public transport then be prepared for a stressful journey. People just want to have the best cars around and they end up setting them back a huge amount.

But is it worth the hassle of buying a new car these days? Let us see the reason why I do not really like this.
1.)  New cars are not made to last in this day and age; the manufacturers are very clever and only build cars for a certain lifespan so a new one has to be purchased.
2.) Even if a car was built to last in this day and age people just travel so much and they would probably do 100k miles in 3 years or less.
3.) Service parts for your car that will end up causing a fortune.

I think back to the time when I first passed my driving test, it was an overwhelming experience, my first car was a bit clamped out but it never caused me any problems. Nowadays I definatley like to purchase newer cars, but the annoying thing about them is that they are always breaking.

Folk like to own cars on finance because they cannot afford to pay a lump sum, but the problem with this is that manufacturers are clever, so the cars are created and by the time you pay them off they break and make you buy a new one.  So in my opinion car leasing is probably one of the best options you pay probably less than you would as a monthly rate for finance, then when your term is up you hand the car back and get a brand new one, plus avoiding all of the cost of repairs and break downs.

Great Mercedes car leasing or BMW car leasing.

As off-the-production-line vehicle sale figures see a steep decrease, second hand car and van auction houses are not struggling quite so much, documenting increasing numbers of second hand wheels being put through their bidding houses.

No one can argue that there is trouble in the new car market. Production is down at all the major car manufacturers and lay offs have been announced across the board. Bentley have also announced redundancies last month, highlighting that the crunch is hitting the luxury market also. Official figures show a 30.9% reduction in new car registrations in January as compared to the year previous according to the Society of Motor Manufactures. This happens to be the largest slump since the mid 70’s and the way things are going, no one would bet on an upturn for a while. Many of the industry analysts predict that the market won’t really pick up for at least 3 years.

Whilst new purchases are suffering, the same cannot be said for those in the used car market. BCA and Manheim have announced that they have seen record numbers of vehicles come through their books over the previous weeks. BCA stated that more vans and cars were sold in Jan 2009 than any previous year and prices of vehicles have been on the rise for the last three months. A £300 average rise on last years figures have been estimated.

Van leasing and car leasing is also on the up it seems as the major leasers are reporting improving numbers this year. This is undoubtedly down to more people choosing to lease their cars and van rather than buying them outright during this recession. Out of all the countries in the UK car leasing in Cardiff has seen the biggest boost.

Manheim, the auctioneer company has released figures that show a spike in the sale of wholesale vans. The spike comes lengthy long lull and marks the first increase since last September. Yet another boost for 4 wheel-drive vehicles came this month which is will be the 6th month in a row.

Have there really been that many significant changes in the car industry in recent years? From being a luxury way back in the 1930’s to the cheap affordable way you can buy them now using car contract hire it is amazing just how far they have come.

The best way for me to explain how far they have come is to talk about games. The Super Nintendo Entertainment System (SNES) is a brilliant way to start it off. I could cover the first ever racing game but seeing as I was only really around from the realease of the SNES it is best that I only cover the time after this. One of the first driving games I ever played was F1 pole position which was released way back in 1993, which, for it’s time was brilliant.

Seeing the newer version on the Nintendo 64 it was remarkable to see how much difference there was in just a small gap of four years. The jump graphically is simply fantastic. The jump from 2-D to 3-D that took place during these two games is a huge leap in the technology. The next jump skips the next generation of consoles and forms itself onto the PS3 and Xbox 360 as some of the graphics on the driving games on these consoles are so realstic it is truly unreal.V.

Of course the transition did not just happen to the gaming industry, there have been many advancements in the technology of the car over the same period of time. The biggest and best in my opinion isn’t the amazing new Ferrari’s you see being released it is in fact the Hybrid car. They save on a lot of energy which is going to be useful when all the oil runs out in the not too distant future and in all honesty some of them look pretty awesome. Some of the newer models of the Hybrid cars have system that powers the battery whenever you brake the car.

As well as this you have all the crazy TV’s, heated chairs and other gadgets for your car that really are just a waste of money.

These Hybrid cars are no doubt the cars of the future but now, when buying a car you want it looking good as well s being affordable. Why not spend less on a leased car? The Audi contract hire looks pretty good as well as being as little as £214 a month.