Advantages and Disadvantages of Employee Benefit Schemes

At one time, people left education, got a job and worked their way up through that company until they reached the level they wanted. It wasn’t unusual for employees to spend their entire working lives with the same employer. This often with minimal, or maybe no specific employee benefits to speak of.

Believe it or not, that wasn’t so very long ago.

Now, it is extremely rare for an employee to stay with the same company […]

2020-04-19T07:44:35+00:00September 24th, 2018|Categories: Cars, Employee Car Ownership, Salary Sacrifice, Vehicle Finance|

Company Car Tax Take Goes Up As Number Of Drivers Falls

The Government is raising record revenues from the company car market by imposing higher taxes on drivers – at the same time as the number of drivers actually falls.

Provisional figures from HMRC for 2016/17, the latest year available, show that the amount the Treasury collected in company car tax and National Insurance Contributions (NICs) increased by more than 24% year-on-year – up by £360 million. Yet the number of employees with a company car […]

2020-04-19T07:43:17+00:00July 27th, 2018|Categories: Cars, Employee Car Ownership, Vehicle Finance|

Thinking Of Ending Your Company Car Scheme?

Announcements in the 2017 Government Autumn budget of tax increases on company vehicles have prompted many businesses to consider giving their employees cash allowances in place of running company car schemes.

On the face of it, this would seem to be a cost-effective solution for the company, but comes with often-overlooked ramifications which impact on employees and company alike. Some of these consequences appear to be relatively minor but, taken as a whole, can seriously […]

2020-04-19T08:09:01+00:00March 5th, 2018|Categories: Cars, Contract hire, Fleet management, Salary Sacrifice, Vehicle Finance|

Personal Car Finance 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 […]

2020-04-19T08:05:54+00:00October 11th, 2017|Categories: Cars, Contract hire, Vehicle Finance|

Contract Hire Explained: Most Popular Vehicle Funding In UK

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 […]

2020-04-19T08:03:45+00:00October 4th, 2017|Categories: Cars, Contract hire, Vehicle Finance|

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:

2020-04-19T08:03:13+00:00September 7th, 2017|Categories: Asset Finance, Cars, Contract hire, Vehicle Finance|

Business Car Leasing Explained

Company cars can be expensive to operate and, for many organisations, can be one of the largest overhead costs. Selecting the most appropriate business car finance method for the company fleet is therefore of paramount importance. The most popular method of financing company cars is business car leasing.

It is attractive to companies both large and small, as it allows them to finance their vehicles with a minimum down payment and an agreed mileage and period for the contract.

What […]

2020-04-19T08:48:26+00:00April 27th, 2016|Categories: Cars, Vehicle Finance|

SUV Sales are Soaring in the UK

Traditional car buying habits, which have long inclined towards hatchbacks, saloons and estates, are changing in favour of the latest generation of SUVs (Sports Utility Vehicles).

Once, the hatchback was the most popular single type of car bought by the British motor buying public. But, not any more.

The rise of the SUV

New figures show that the most popular type of car in the UK in 2015 was the SUV with a 22.5% share of the […]

2020-05-04T18:22:25+00:00February 13th, 2016|Categories: Cars, Vehicle Finance|

New Car Buyers Switch Online to Help Record Sales

The country’s new car buyers are increasingly using the internet to research the cars they are interested in before heading to the nearest dealership to buy the vehicle of their choice.

According to research, the internet is playing a greater role in influencing the new car buying decision than ever before. And it has undoubtedly played a key part in helping new car sales reach their highest levels since the credit crisis of 2007.

Sales at […]

2020-05-01T09:55:34+00:00June 1st, 2015|Categories: Cars, Vehicle Finance|
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