Taxi fares and city pollution will both decrease with the introduction of autonomous cars. How so? Well, around 50% of the cost of the taxi fare covers the driver costs and many autonomous cars are electric.
Choice is great, but it can add to the confusion or uncertainty about how to make the right decision.
Here’s a 5-point check list to guide you through the process and help you make the right decision and find the right finance broker.
Purchasing new equipment allows businesses in the health and beauty industry to offer new services and improve existing services by using the latest technology. They will attract new customers and gain an edge on their competitors.
We were recently asked if we could source finance for artificial flowers (known in the trade as ‘lifelike flowers’); the sort that you see on the reception desk at a hotel or smart office.
We are pleased to announce we have access to an innovative provider of business loans from £5,000 to £1million.
One of the reasons there are an increase of vans on the road is the continuing popularity for on-line shopping. The speed of delivery by which on-line shoppers expect to receive their goods, means on-line retailers and their delivery partners need to be highly reactive; vans are their answer. The challenge is how to cost effectively fund the growing fleet of vans.
The pain of applying for bank loans and the frustrating knock backs, especially for start-ups, means that business owners are seeking alternative ways to raise funding. Not all of them sound.
How will the new vehicle tax rates affect you?
New vehicle tax calculations come into effect on 1st April 2017. These changes do not effect vehicles registered before 1st April 2017. The amount of vehicle tax you pay in the first 12 months is based on CO2 emissions. See table of rates.
Diesel car drivers have been dealt another blow as they face extra charges to park in central London under a pilot scheme which is likely to spread nationwide.
A question that we are often asked is, “Is leasing more popular than purchasing?”
Leasing, which really should be called renting, continues to grow in popularity in most sectors of the asset finance industry.
The reasons that leasing is more popular than purchasing are many. The benefits if you’re considering leasing a car are:
When too much business is a nightmare, not a dream!
Imagine a company that has recently launched and business is going well. So well in fact that they are way ahead of target. This should be a dream situation, but it can cause big problem.
How do you service a wave of new customers when the business is set up to supply just a fraction of these numbers?
A tight cash flow situation can mean the difference between accepting a lucrative order or not.
It’s a bit of a chicken an egg situation. The cash comes after the order has been fulfilled, but you haven’t got the funds up front to produce the goods.
This is a frustrating scenario that may sound familiar to you. Here's how we solved it for an aircraft manufacturer.
“We’re running out of funders”.
“We’ve made losses in the past and the funders won’t give us the credit we need”.
“The interest rates we’re being charged by the funders are far too high”
These are typical comments we regularly hear from Vehicle Hire Companies.
In our experience there is always a reason behind these problems. When you get to the crux of the matter we find that in most cases a solution can be found.
Record six months for the sector
In July we financed 12 light commercial vans, so we were not surprised to see figures released by the Society of Motor Manufacturers and Traders (SMMT) that the new UK van market recorded its fifth consecutive month of growth in June, with registrations rising by 2.7% to 36,700 units.
This is a record first six months for the sector, with overall demand in the year up 3.0% to 191,996 units.
Heavier vans and pick-ups drove June's growth, with registrations up 11.3% and 17.3% respectively, while smaller vans weighing less than 2.0-tonnes were less popular, with demand falling by a fifth (-19.7%).
These figures mirror our activity. With over 20 funders, we’ve been able to help many vehicle rental companies gain the extra access to finance they need to sustain the growth of their business.
We recently gained funding for a BMW i8 Hybrid Supercar, but were not able to reveal where it was going to be based or what it was going to be used for until now.
If you are in and around Park Lane you may spot this beauty, branded for Bill Plant's driving schooI.
Yes it's a car for learners! To be equipped as such it went back to Germany to have unique dual controls fitted. Two weeks later it arrived back in the UK to take up residency in South West London.
Our observations on dieselgate rumble on!
A senior government official in Germany has declared all new car registrations must be for emissions-free models from 2030.
Rainer Baake, German Deputy Economy Minister, has said that new cars will have to be emissions-free to enable his country to meet its CO2 reduction target of at least 80% by 2050. “The fact is, there’s been no reduction at all in CO2 emissions by transport since 1990,” explained Baake at a forum hosted by German newspaper Tagesspiegel.
The automotive industry is broadly in favour of the UK remaining in the European Union, according to a survey by Autocar of the main players in this country.
As the UK gets ready to vote on 23 June on whether to stay in or leave the EU, the general sense is that the car industry backs the Remain campaign. This is particularly the case for car manufacturers with owners based on the Continent or overseas and plugged into a European supply base and sales channels.
In the papers over the weekend we read diesel cars are emitting up to 14 times more pollution than previously thought amid warnings that manufacturers have been misleading the public.
The first government analysis of cars conducted following the Volkswagen emissions scandal found that all vehicles substantially breached limits on levels of deadly nitrogen oxide.
Fleet Managers have seen a huge increase in motoring fines due to automated number plate recognition as used for toll charges and roadside cameras keeping an eye on bus lane and box infringements as well as speeding.
How are fleet managers tackling this huge cost they are incurring?
Just recently we hear the Google's self-driving car has been in an accident. There have been accidents reported in the past, but this is the first where Google’s autonomous vehicle and its driver were equally at fault with the other vehicle; a bus.
Thankfully no one was hurt. It was a minor incident where the autonomous vehicle and its test driver incorrectly assumed that a bus would slow or stop to let the car through. Although Google has said that the accident was “a normal part of driving”, it adds fuel to the debate about control and the relationship between the driver and the car.