Maxxia Rises up the FN50 Table

FN50 Improvements Underline Maxxia’s Broader Growth The fleet industry’s flagship publication, “Fleet News”, recently published its FN50 league table of business vehicle funding companies Over the last few years, Maxxia has gone from being outside of the table, to gaining a foothold, and then rising up through the ranks. In November, Maxxia leapt from position 38 (2018) to 30 (2019). The increasing number of vehicles that Maxxia takes residual value risk on has [...]

November 22nd, 2019|Categories: Asset Finance, Contract hire, Vehicle Finance|

7 Tips for Avoiding Car Lease Penalties

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 [...]

October 24th, 2019|Categories: Cars, Contract hire, Vehicle Finance|

Leasing and Credit

How Does Leasing Affect my Credit Score? Taking care of your credit score is an important factor in taking out any long-term financial contract – so how does leasing affect your credit rating and what can you do to maximise it in all the right ways? Does taking out a lease affect my credit rating? When a finance company is asked to put an expensive asset in your hands, with the agreement that [...]

October 21st, 2019|Categories: Contract hire, Vehicle Finance|

Personal Contract Hire

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 car [...]

October 14th, 2019|Categories: Asset Finance, Cars, Contract hire, Vehicle Finance|

Business Van Insurance

Are Your Tools Safe? Making sure you have the right level of insurance cover is important, and it is easy to make assumptions which mean things are overlooked. One such assumption is that your van insurance that covers your business van or fleet also covers you for tools, equipment and stock that is in the vehicle. Unfortunately, this is not the case, and if you do not have insurance in place to properly [...]

Driving an Electric Car – is it Time to Make the Change?

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 [...]

Contract Hire Offers

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 offers include the Mercedes E300e plug in hybrid which combines electric power with a diesel engine. For those high mileage [...]

February 22nd, 2019|Categories: Asset Finance, Cars, Contract hire, Vehicle Finance|

A Simplified Look At The Main IFRS 16 Changes

How does IFRS 16 affect you? What is IFRS 16? IFRS 16 (International Financial Reporting Standard) is a new standard for lease accounting which will come into force in January 2019. It will replace the existing IAS 17 lease accounting standard. It’s been put together by the International Accounting Standards Board (IASB). At first glance, it’s a complicated piece of accounting legislation which could potentially be a nightmare to navigate. On closer examination, however, [...]

Contract Hire For Business – What are the Tax Implications?

Contract Hire for Business – What are the Tax Implications? Leasing company cars and vans, rather than buying them outright, is now well established for businesses. It provides known, easily budgeted costs with no hidden surprises and predictable cash-flows. The most popular type of vehicle leasing for businesses is contract hire. It's a form of operational leasing which allows the end user or lessee to hire a car for a set period of time and [...]

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