All articles by MF Editorial
MF Editorial
Lloyds Banking Group announces new name for merged fleet lessor
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 Lex Autolease will be the new brand identity for Lloyds fleet management and leasing operation, which, with a fleet size of over 360,000 vehicles, will be by far the largest fleet operator in the UK.
Motor finance industry needs more help, says FLA
The Business and Enterprise Select Committees report on government help for the motor sector has criticised the fact that the Automotive Assistance Programme (AAP) has yet to hand over a penny to motor firms.
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 sub-prime 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
Fleets urged to speak out on lease accounting proposals
The International Accounting Standards Board (IASB) is proposing to change dramatically the rules governing lessee accounting – and it wants comments from fleet providers on its outlined framework before July 17. Under the IASBs outlined new regime for lessees, set out in a recently published discussion paper, Leases: Preliminary Views, it is envisaged that end-users of leasing services will have to account for lease rentals on balance sheets as a liability This will involve moving away from the current system whereby finance leases are shown on balance sheets, but operating leases – including contract hire – are not, as ownership of the asset is deemed to stay with the lessor (see Motor Finance March 09)
Cost taking precedence over choice for fleets – survey
GE Fleet’s quarterly Company Car Trends report found that the typical company car policy has shifted from favouring human resources concerns to seeking the most cost-effective fleet solution Commercial leader at GE Fleet, Gary Killeen commented: “During the last decade or even longer, companies in growth industries habitually placed the driver at the heart of their company car policies
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Islamic vehicle financing
Developing financial products for the ever-more sophisticated Sharia-compliant market has the potential to open up huge new markets for vehicle financiers. Fahim uz Zaman explains the basics.
Tick a box and waste an opportunity – an everyday story of government?
The automotive industry might not be in meltdown yet but that is no thanks to the government. How many insiders felt any help offered to the motor trade would be just a matter of ticking the box and, when it fails, the motor trade can be blamed?
Vehicle values: convertibles
Widely considered among the most seasonal of vehicles in terms of price, BCA Pulse has examined how the economic conditions may have affected values of convertibles over the past 15 months.
BMW FS trying to secure banking licence
In an attempt to get more favourable access to capital from the German central bank, luxury vehicle manufacturer BMW is looking to secure a banking licence for its financial arm, sources said.
Lombard VM lowers rental costs for customers
Lombard Vehicle Management has announced the launch of a new rental product for customers.