Personal Car Finance Increases

Personal Contract Purchase and Personal Contract Hire Fuels Growth in the UK Car Leasing Market More new car buyers are alive to the benefits of personal leasing, according to the latest quarterly survey carried out by the British Vehicle Rental and Leasing Association (BVRLA). Total car leasing, including leasing of all types, grew by 8% year-on-year in the second quarter of this year, and much of this growth has been driven by the personal contract hire and leasing (PCH) sector. The BVRLA figures show that the PCH sector has grown by 36% year-on-year and 7% quarter-on-quarter. Personal lease cars are not greener However, there is an environmental downside to this [...]

Benefits of Salary Sacrifice Car Schemes

Explained: The Benefits of Salary Sacrifice Car Schemes for Individuals We help you decide whether a salary sacrifice car is right for you   Q. My company has introduced a salary sacrifice car scheme for employees but I’m unsure how it works. Can you help? A. Salary sacrifice car schemes have been one of the success stories of recent times, and increasing numbers of companies throughout the UK now offer their employees the benefit of a brand new car in return for surrendering a set amount from their salary every month. One of the main reasons behind introducing a salary sacrifice car scheme is that it extends the number and [...]

By |October 10th, 2017|Categories: Salary Sacrifice|0 Comments

HMRC Updates its Guidance for Salary Sacrifice Schemes

HMRC Updates its Guidance for Salary Sacrifice Schemes Her Majesty’s Revenue & Customs (HMRC) has updated its guidance on the government website regarding the introduction of salary sacrifice schemes, following the changes which came into effect in April this year. The government announced in last November’s Autumn Statement that it was changing the rules covering salary sacrifice schemes, which have become increasingly popular in recent years. Why were there changes to salary sacrifice schemes? Salary sacrifice schemes had led to some employees paying less tax than their colleagues, which was not fair, said the government in the Autumn Statement. As a result, those opting to take benefits through new salary [...]

Contract Hire Explained

Contract Hire Explained – A Guide To The UK’s Most Popular Vehicle Funding Method There has been a definite shift towards the contract hire of company vehicles since the last recession, not least because it provides known, easily budgeted costs with no hidden surprises. But what is contract hire exactly and how does it work? What is contract hire? It’s the most popular type of vehicle leasing in the UK, and allows the end user or lessee to hire a car for a set period of time and pre-determined mileage, in return for a fixed monthly contract hire rental. How does contract hire work? There is no option for the [...]

Vehicle Funding Guide

Vehicle Funding - What are the Options? Introduction In the UK, the majority of business vehicles are sourced using contract hire, although other vehicle funding options are available and may be more suitable to your organisation. This vehicle funding guide has been created to help you understand the differences between funding options and think about what might suit you/your business the most. Here we review some of the options: Contract hire Finance lease Sale and leaseback Contract purchase Hire or lease purchase Outright purchase   At Maxxia, we offer a wide range of business car finance options and will work with you to find the right fit for [...]

An Introduction to Leasing for Education

Why Choose Leasing? An Introduction to Leasing for Education Leasing is a straightforward and economical solution for many challenges currently taking place within the education sector. However, past news stories depict negative leasing tales where schools and consortia have had their fingers burnt by confusing contracts and below par practices. This guide includes: Why leasing is relevant for the education sector The top 10 questions asked about leasing Your leasing journey: from beginning to end Conclusion Contact a Maxxia funding specialist   Leasing has changed – use a reputable provider to make leasing easy and worry-free. Read on to learn why now is the time to consider the leasing route [...]

By |September 5th, 2017|Categories: Education|0 Comments

WESC Foundation Launches Lifestyle Lease

WESC Foundation choses Maxxia’s Enhanced Lifestyle Lease Employee Benefit Car Scheme The WESC Foundation has selected Maxxia’s Lifestyle Lease car scheme to broaden the number of employee benefits available to its staff The Foundation employs more than 200 people and provides a range of services for visually impaired adults and young people, including: education, outreach services, adult day services, work experience at a range of social enterprise initiatives, and lots more. Lifestyle Lease offers an innovative and unique solution for companies looking to provide their employees with an employee benefit car scheme, as the lease agreement is with the employee, not the employer. If a staff member leaves to work [...]

Personal Car Leasing Options – What’s Best For You?

Personal Car Leasing Options – What’s Best For You? More and more new car buyers are waking up to the benefits of personal car leasing to acquire a brand new car rather than buying one outright with their own savings. There are a number of personal leasing options available in the car finance arena, the two most common being personal contract purchase (PCP) and personal contract hire (PCH), each with their own features and benefits. Types of buyers trying some form of personal car leasing package for the first time may include company employees who have taken a cash allowance in lieu of a company car, perhaps because they have [...]

By |August 16th, 2017|Categories: Vehicle Finance|0 Comments

Global cyber-attack reinforces need for IT security

Organisations need to invest in latest IT systems to stay safe and secure A cyber-attack using WannaCry ransomware, which hit organisations in 150 countries around the world including the National Health Service in the UK, reinforces the need to keep computer hardware and software as up to date as possible. Software giant, Microsoft, said the attack should be treated by governments around the world as a "wake-up call", and blamed them for storing data on software vulnerabilities which could then be accessed by hackers. It says the latest attack exploited a flaw in its Windows operating system which was first identified by, and then stolen from, US intelligence. The virus took [...]