Consumer Car Finance Explained With so many new car finance deals available, from such a wide range of providers, it can be difficult to know which option to choose. In this blog we guide you through some of the key questions you need to answer, to discover what type of finance best meets your needs. Do you have sufficient savings to buy a new car outright? In today’s climate of very low savings [...]
Preventing Car Leasing Penalty Charges Whether you have a personal contract hire (PCH) or business lease, doing what you can during the term of the agreement to mitigate penalties at the end, is going to save you money. Avoiding car lease penalties isn't as hard as you may think. Here are a few quick tips to avoid end-of-contract leasing penalties: 1 – Keep an eye on your mileage Going over your mileage is [...]
Personal Contract Hire: The Fastest Growing Way to Acquire a New Car Because it's a significant investment, second only to purchasing a home, buying a new car is a big deal for most people, especially if they want to buy it outright. But unlike a home, having paid out a substantial sum, a car reduces in value even as it's driven home! To spread the cost and make the acquisition of a new [...]
Company Car Tax: Update On 9th July, the Government published the company car Benefit-in-Kind (BiK) tax rates that will apply from April 2020 through to April 2023, providing long-awaited clarity for both drivers and decision-makers. The most obvious change brought about by this announcement is that, from April 2020, company cars producing no emissions will not attract any BiK tax liability. The zero percent BiK rate will also apply to cars producing 1-50g/km [...]
Driving for Business: Know the Rules Car use for business isn’t as simple as just popping out to a client’s office or doing your boss a favour and transporting some bits in the boot. There are strict rules in place for personal car use for business and falling foul of them can be costly. Personal car, cash car allowance or company car? If you do a lot of driving for your work, you [...]
Charging Your Car at Work – Electric Cars for the Commute If your driving experience is centred on the commute to work, that daily grind can be much improved by an electric car. Not only does having an electric vehicle (EV) mean that you are likely to be sitting in a brand-new car with all the comfort that comes with, but also you are sitting there safe in the knowledge that you aren’t [...]
New contract hire offers from Maxxia Take a look at some of our current special offers We have a new selection of special offers to share with you. The prices are keen, the vehicles are available and the stocks are limited, so act quickly to make sure you don’t miss out. This month’s car offers include the Tesla 3, Vauxhall Corsa Electric and MG Motor ZS Electric for those interested in tax busting [...]
Electric Vehicles: Why They Should be Your Next Employee Benefit Thinking about your next employee benefit? If you’re looking to retain talent, enhance your brand, and help the environment, electric vehicles (EVs) could be the answer. The UK plans to ban the manufacture of all new petrol or diesel cars by 2040, making EVs the future of transport. Under new salary sacrifice rules, you can help prepare your employees for these changes while saving [...]
Employee Car Ownership (ECO) Schemes Could Be About To Make A ComebackBut are they right for you?Changes to the rules affecting salary sacrifice car schemes and a seemingly endless tide of rises in Benefit-in-Kind taxes for company car drivers have prompted some industry experts to suggest that Employee Car Ownership (ECO) schemes may be about to make a resurgence.While some pundits have suggested that the latest Government interventions have made a rise in personal [...]
