Tag Archives: Leasing

Enquiries for 18-month van leases have surged in the last year, jumping from just 0.6% in 2023 to 16% of the market. The latest Leasing.com Insights Report said the rise in short-term van lease enquiries reflects a broader shift toward flexibility and cost-efficiency in the UK leasing market. As businesses and individuals seek shorter commitments, falling lease costs have made ...

Business and retail demand for new vehicles are moving in opposite directions as retail demand falls, according to the BVRLA’s latest Leasing Outlook report. Lead times are returning to pre-pandemic levels and the BVRLA leasing fleet is up 2.4% to 1.9m vehicles. Cars and vans recorded year-on-year growth, +1.9% and +3.9% respectively. Toby Poston, BVRLA director of corporate affairs, said: ...

It was disappointing, but perhaps not a surprise, that Personal Contract Hire (PCH) demand for Battery Electric Vehicles (BEVs) experienced something of a rollercoaster ride last year. Our own enquiry data saw a considerable fall in demand – down 33% compared to 2022 – with petrol being the most popular drivetrain holding just over 70% of total enquires. Consumer demand ...

Leasing.com has partnered with Motorway.   The new partnership will see Motorway’s platform integrate directly into Leasing.com’s enquiry pages, allowing prospective customers to sell their car before leasing their new car.   The deal sees two brands come together in a multi-year agreement designed to revise the way online car leasing works, which has historically relied on car owners selling ...

Dealers are seeing a surge in demand for low mileage car leasing deals as a result of the lockdown. Leasing.com, the platform that provides leasing deals from franchised motor dealerships, independent brokers, motor manufacturers and leasing companies, said it has seen a 40% increase in demand for sub-5,000 mile contracts. Changes in lifestyle, commutes and working patterns post-lockdown have meant ...

Lower mileage leasing deals are becoming more popular according to figures from Leasing.com. 17% of all personal leasing inquiries at Leasing.com are in regard to 5,000-mile per annum lease deals. The estimated average annual mileage per car in England has decreased, as the number of cars per household has risen. Mileage has fallen 17% from around 9,200 miles in 2002 ...

Perrys Motor Sales has launched a new division called Perrys Leasing. The business will specialise in Personal Contract Hire and Business Contract Hire for cars and commercial vehicles. The launch of the scheme comes in response to the growth in demand from consumers who want to rent rather than buy products and services. Perrys said it also wants to appeal ...

Vertu has bought online van retailer www.vansdirect.co.uk based in Newport, South Wales for £7.5m. The Vans Direct business was founded in 1999, billing itself as a specialist in the supply of new vans, finance, contract hire, hire purchase, offering direct delivery across the UK. For the year ended 31 October 2017, it reported revenues of £34.6m, a gross margin of ...

Scammers are cashing on the boom in car leasing offering dud deals on social media, The British Vehicle Rental and Leasing Association (BVRLA) has warned that scammers are advertising bogus vehicle leasing deals on social media. Using social media advertising, including Instagram, the scammers are posing as BVRLA members to lure in customers with advertising headlines targeting those with poor ...

Premium German Mercedes, Audi and Volkswagen continue to dominate the leasing market offering strong monthly deals. Data on the first half of 2018 data from ContractHireAndLeasing.com revealed that the average list price of a vehicle enquired about through the website was£33,762. Paul Harrison, head of strategic partnerships at the leasing website said the market was driven by ultra- competitive monthly ...