About Catherine Dawson

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So far Catherine Dawson has created 116 blog entries.

Maxxia Joins FN50

Fast-growing Maxxia Joins League Of Top Leasing Companies Maxxia, already one of the country’s largest and fastest-growing broker businesses, has entered the FN50 league table of the top 50 contract hire and leasing companies in the UK for the first time. The Group, which has witnessed strong UK growth as the result of organic growth and targeted acquisitions, has seen saw the number of its employees more than double in the last three years while the value of its transactions has increased by 14 times over the same period. Maxxia was one of five newcomers to this year’s league table of leading leasing companies, which between them operate a combined [...]

Accounting For Leases In Schools: A Beginner’s Guide

A Beginner’s Guide To Accounting For Leases In Schools Most schools have used leasing at some time but in recent years there have been reports that some schools that have found themselves on the wrong side of accounting rules. We’ve put together a beginner’s guide to understanding leases for schools, written for the teachers and school managers who aren’t accountants. Don’t assume you need to pay for new equipment upfront These days with tighter-than-ever budgets, few schools have the luxury of keeping a sufficient pot of money to allow them to pay cash for big investments in new equipment, such as IT, vehicles or gym equipment. Often schools assume this [...]

By |January 5th, 2018|Categories: Education|2 Comments

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

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