Vehicle Finance Archives

Financial Support for Businesses in the Bath Clean Air Zone
Financial Support for Businesses in the Bath Clean Air Zone

Financial Support for Businesses in the Bath Clean Air Zone

Bath’s Clean Air Zone comes into force from spring 2021 and support is already in place to assist local businesses upgrade or replace polluting vehicles in advance of the move to the new scheme.

Financial Assistance Scheme

To help with the transition to a Clean Air Zone, Bath and North East Somerset Council has partnered with Maxxia to provide financial assistance for limited companies or charities to replace existing non-compliant vehicles […]

Catherine Dawson2020-11-18T11:10:09+00:00November 18th, 2020|Categories: Sustainability, Vehicle Finance|

How to Benefit from Sale and Leaseback: Key Things You Need to Know
How to Benefit from Sale and Leaseback: Key Things You Need to Know

How to Benefit from Sale and Leaseback: Key Things You Need to Know

Sale and leaseback as a concept has been around for almost as long as vehicle leasing itself, but there are still many organisations that could be taking advantage of this that haven’t taken the plunge. In this blog we take a look at how this type of finance works and examine the advantages and disadvantages of sale and leaseback.

Need to free up capital? – Sale and […]

Catherine Dawson2021-01-21T19:08:56+00:00March 30th, 2020|Categories: Asset Finance, Contract hire, Vehicle Finance|

Tax Implications of Business Car Leasing
Tax Implications of Business Car Leasing

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 this topic in more detail […]

Catherine Dawson2021-01-21T17:56:47+00:00March 10th, 2020|Categories: Accounting, Asset Finance, Contract hire, Vehicle Finance|

Consumer Car Finance Explained
Consumer Car Finance Explained

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 interest rates, if you’re lucky enough to […]

Catherine Dawson2021-01-22T08:58:56+00:00January 16th, 2020|Categories: Asset Finance, Cars, Contract hire, Vehicle Finance|

Maxxia Rises up the FN50 Table
Maxxia Rises up the FN50 Table

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 increased as new clients have […]

Catherine Dawson2021-01-21T19:53:56+00:00November 22nd, 2019|Categories: Asset Finance, Contract hire, Vehicle Finance|

7 Tips for Avoiding Car Lease Penalties
7 Tips for Avoiding Car Lease Penalties

7 Tips for Avoiding Car Lease Penalties

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 a definite penalty marker. Leasing fees are calculated […]

Catherine Dawson2020-04-19T07:06:36+00:00October 24th, 2019|Categories: Cars, Contract hire, Vehicle Finance|

How Does Leasing Affect my Credit Score?
How Does Leasing Affect my Credit Score?

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 it is going to be paid for on a regular […]

Catherine Dawson2021-01-22T17:46:45+00:00October 21st, 2019|Categories: Contract hire, Vehicle Finance|

Personal Contract Hire: The Fastest Growing Way to Acquire a New Car
Personal Contract Hire: The Fastest Growing Way to Acquire a New Car

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 easier, there have always been a number of funding options available, from a straightforward […]

Catherine Dawson2020-12-16T08:16:10+00:00October 14th, 2019|Categories: Asset Finance, Cars, Contract hire, Vehicle Finance|

Benefit in Kind Tax
Benefit in Kind Tax

Benefit in Kind Tax

On 9^th 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 of carbon dioxide, that can travel […]

Catherine Dawson2020-04-19T07:36:39+00:00July 11th, 2019|Categories: Cars, Employee Car Ownership, Fleet management, Vehicle Finance|