All articles by MF Editorial
MF Editorial
£4.5m sale-and-leaseback win for lessor
The lessor has signed a £4.5m sale-and-leaseback agreement covering the fleet of Hewden Tools, a tool hire company which was acquired by Speedy Hire in August. Speedy Hire is currently a Lex fleet customer, and the sale-and-leaseback will see Lex gradually move the 740 cars and vans owned by Hewden Tools over to the terms on which the motor lessor operates Speedy Hires fleet
Hatchbacks
For the second user who does not need huge load-carrying potential, such as pizza delivery, security guard or courier, the hatchback is a practical choice cheap to run, comfortable and doesnt fill up the drive or block the light from the neighbours living room.
Pre-Budget Report: Big changes deferred, but some relief
Pre-Budget Report: Big changes deferred, but some relief The Chancellor’s Pre-Budget Report (PBR) on October 9 brought one surprise on business car taxation Instead HM Revenue & Customs has merely published a summary of the responses to its last consultation document issued in March this year, with a promise of a decision on future policy in the Budget statement due next March
FSA probe into PPI finds ‘serious failures’
Although two of the five areas investigated by the FSA – namely ensuring customers know that PPI is optional, and offering cancellation refunds on single premium PPI policies – have shown welcome improvement, the other three areas under the magnifying glass – the availability of clear product and cost information, informing customers of their eligibility for PPI cover, and advising them of how PPI meets their needs – have shown little or no improvement, the FSA said.
Company car drivers willing to ‘go green’?
A survey by research company Vox Pops International has found that the majority of business car drivers would be happy to trade in their gas guzzling vehicles for something with less of an environmental impact
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Diversity helps retailer’s H1 results
UK car retailer Lookers has reported strong results for the first six months of 2007, with profit before tax at £18.1m, up 41 per cent year on year (H1 2006: £12.8m)
Handymen’s van deal for lessor
Fleet leasing company Arval has won a sole-supply van fleet deal with Powerminster Gleeson Services Ltd. Powerminster Gleeson provides plumbing, heating, gas and estate maintenance and repair services, and had been a customer of Arvals fuel card scheme for a number of years before awarding the lessor the fleet contract, which was put out to tender late last year, Arval said.
Leasing and consumer finance ‘vital’ to UK economy, says report
The economic impact of the members of the Finance & Leasing Association (FLA) has outstripped that of the hotel business and the aircraftspacecraft industry, according to a study carried out on the associations behalf by Oxford Economics
Surprise rate cut welcomed by association
The surprise decision by the Bank of England’s Monetary Policy Committee to cut interest rates by 50 basis points to 4.5 per cent was welcomed by the head of the body representing UK motor retailers The Bank of Englands decision to cut the interest rate is positive news for the economy, and will hopefully help rebuild consumer confidence,” said Sue Robinson, director of the Retail Motor Industry Federation’s National Franchised Dealers Association.
LeasePlan continues large scale expansion
Fleet lessor group LeasePlan boosted its international contract portfolio by 557m (£441.3m) to achieve a book worth 14.4bn (£11.4bn) in H1 2008, an increase of 4 per cent year-on-year