All articles by Verdict Staff
Verdict Staff
Across the pond
Major moves into B-lending space, new names top list, finance woes on the web, and titling database Marcie Belles, in association with Auto Finance News
Finance ‘gateway’ to boost penetration rates launched
FREE) Vehicle data check company HPI has launched a web-based tool for dealers, which aims to boost their rates of finance penetration. HPI Finance Gateway is an online system which allows dealers to find new and used car finance for their customers from a panel of funders from prime to subprime. The finance houses Fortis, Moneyway, Santander and Southern Finance are signed up the system, with HPI in talks with other providers including Black Horse, British Credit Trust, Carlyle Finance and Duncton.
Vehicle values: car-sized vans
They may be the smallest vans in the marketplace and many have no greater capacity than the average estate car, yet car-sized vans are hugely desirable and sought after. Not every used-van buyer needs huge carrying capacity or wants a long-wheel-base Remember, most used vans will spend their second working life in a residential setting – car-sized vans dont fill up the drive or block the light from the neighbours living room.
Behind the figures
(FREE) Despite feeling the effects of falling used car values, Lloyds TSB Autolease Limited reported a strong turnover in the year ending 31 December, 2008
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Software and systems update
(FREE) Back office administration specialist LPM Outsourcing has said it has recently seen an increase in interest from finance companies wanting to divest from their non-core car leasing business. The company, which primarily provides back office services for finance companies in the event that they become insolvent, has said it is in talks with two major lessors which have opted to run out their non-strategic finance portfolios and divest from the car leasing sector.
Across the pond
Cash is increasingly popular for purchases, lending criteria becoming more difficult to determine. NEW PURCHASESSour investments spur cash sales While some people are counting their pennies, others are putting down thousands of dollars in cash for new and used vehicles.
Fleet deals, compiled by Jo Tacon
TheHut.com, an online retailer, has ordered 15 Toyota iQ models for its staff, as part of a wider drive to be as green and ethical as possible, said head of e-commerce at TheHut.com, Dominic Starkey.
Software and systems update
CFC Solutions, a fleet management software provider, has launched a new version of its Contract Manager software.