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.
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.
BMW i8 Hybrid Supercar
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.
If you are considering financing your next car give us a call on 01403 258934 or contact us.
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.
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.
Hot on the tail or our most recent member to the team, Mick Bushby, we are delighted to announce a further two new members.
Andrew (Andy) Williams and Nathan Goddard both started their careers at Lloyds TSB. It was within Lloyds Commercial Finance and Five Arrows Business Finance (Principal Investments), which is the corporate private equity business of Rothschild Merchant Banking, that their experience in Asset Finance was gained.
Q. As we enter 2016 how do you see asset finance support for SMEs?
A. The asset finance industry is gearing itself up for 2016. We have seen an influx of new lenders and also private equity investment in existing funders. They are, with very little exception, looking to increase their lending to the right customers.
Asset finance is a great solution for an SME. Providing monthly installments are paid on time, apart from a possible asset inspection during the term of the finance, you will not receive any interference from the finance company and no additional charges. You are left to get on with running your business.
We are creative and where others see stumbling blocks we find solutions. From a tethered balloon to ocean going barges, to a super car or a more standard fleet of vehicles, our breadth of assets financed is varied. You receive the best advice because our knowledge of funders in our market is extensive. This allows us to match your requirements to the best value for money funder.
Treating customers equally and honestly is our priority. If we think you can get a better price elsewhere, we’ll tell you.