Healthy growth in vehicle financing from last year

The Finance & Leasing Association released good news regarding growth in auto leasing figures. It’s reported that £600 million plus in finance was provided in May, leading to 42,000 new cars to be purchased by businesses. They also found that the new car finance sector grew 26% by value and 34% by volume, up from May last year. The average up front spend on a new car for business was £14,362. The number of new cars financed by businesses was up 9% and used cars increased by 11%, while consumer cars purchased through dealerships went up 8% since May 2011. Paul Harrison, Head of Motor Finance at the Finance & Leasing Association, commented: “Many businesses operating vehicle fleets have turned to asset finance in recent years because it can free up other sources of finance for their day-to-day operating expenses. And because asset finance is usually secured against the vehicle, a business’s property and other assets are not at risk.”

We offer all finance options here at Low Cost Vans. So if you are looking for business leasing, whether it's one vehicle or hundreds, we will assess each fleet on its requirements, using our specialist industry knowledge and experience to deliver a competitive solution. For personal leasing you can benefit from discounts previously achieved only by large fleet buyers.