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 car [...]
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 [...]
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 [...]
Moving to a Leasing Model – How Mobile Phone Contracts Show Us the Way We all like to have the latest equipment, especially in business. Being able to show you are at the cutting edge of technology can be very important – it encourages your employees and means you present well to clients. Not only that, but it gives you access to the advantages that top-end technology offers. The potential financial outlay to [...]
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 offers include the Mercedes E300e plug in hybrid which combines electric power with a diesel engine. For those high mileage [...]
