Tax Implications of Business Car Leasing Leasing company cars and vans, rather than buying them outright, is 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. The positive tax implications of leasing a company car are a key reason that this form of leasing has become so popular. In this article, we look at [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
