All articles by MF Editorial
MF Editorial
Blue Flame fires up van fleet deal with Lombard Vehicle Management
Penryn-based Blue Flame Ltd, a heating installation and maintenance company, has acquired 14 new fleet vehicles through a funding package arranged through Lombard Vehicle Management, worth £200,000 altogether.
FLA and police team-up to reclaim illegal vehicles
The Finance & Leasing Association (FLA) has announced a new partnership with regional police authorities to launch a Vehicle Recovery Scheme, to enable motor finance companies to reclaim illegal vehicles seized by the police
Alphabet sets up ECO scheme for 1,600 drivers
Insurance group RSA has moved 1,600 of its employees to an AlphaDrive employee car ownership (ECO) scheme put in place and administered by fleet provider Alphabet, as part of a sale-and-ECO-back deal. Prior to the AlphaDrive agreement with Alphabet, RSA ran its own in-house ECO scheme, but changed to an external provider in order to make sure that cars were managed as efficiently and cost effectively as possible, with our employees receiving top quality service, said RSAs supplier relationship manager Claire Mills
Budget 2009: Darling announces £2,000 scrappage scheme
Chancellor Alastair Darling has announced the introduction of a £2,000 scrappage scheme for cars and vans over ten years old as part of his 2009 Budget speech. Customers will receive a discount of £2,000 on new cars and vans bought when a ten year old model is scrapped.
Lombard Vehicle Management sets up dedicated ‘major customer’ unit
Leasing and fleet management company Lombard Vehicle Management has set up a team specialising in handling major customer accounts. The new Strategic Accounts team is “part of a range of investments being made at the leasing company at the same time as many competitors are retracting,” Lombard Vehicle Management said.
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Budget 2009: Company car tax changes
From 6 April 2011, HM Treasury said, the CO2 emissions thresholds for the main company car tax bands will be shifted down by 5gkm The £80,000 cap on company car list prices will be done away with, “to ensure that drivers of the most expensive company cars pay a fair amount of tax,” the Treasury said
Car clubs gaining wider acceptance
A third of motorists now consider car clubs to be a viable alternative to car ownership, according to a study However, 68 percent of respondents still replied in the negative to the question: In the current economic climate, would consider giving up your car and joining a car club instead to save money?
Target Loan Servicing wins contract to take on Blue MF book
Target Loan Servicing has won a contract to take on the loan portfolio of Blue Motor Finance, the non-prime lender which ceased originating business in 2008. It took 12 weeks to transfer the Merrill Lynch-owned Blue book to Target, the outsourced collections and loan administration provider said.
Rich Green steps down from GE Fleet
Green has been redeployed within GE, a spokesman confirmed, and his role at GE Capital has been filled by John Jenkins. The news comes as parent company GE prepares to downsize GE Capital, which includes the GE Fleet division along with the equipment finance and vendor finance units.
Lex Autolease: New name for integrated fleet lessor announced
The name of the integrated business formed from the merger of the two major fleet lessors owned by Lloyds Banking Group – Lex and Lloyds TSB Autolease – has been announced.