Low Cost Vans

The Finance & Leasing Association ( FLA ) have just released a new press release detailing how figures show that the number of new cars bought by consumers using dealer finance grew by 31% in February 2013 compared with same month in the previous year. The FLA, formed in 1992, is the UK’s leading trade association for the consumer credit, motor finance and asset finance sectors. Commenting on the figures, Paul Harrison, Head of Motor Finance at the Finance & Leasing Association, said: “ The new car finance market was strong in February and again outperformed the growth in new car registrations. This shows the importance of point-of-sale credit to the UK automotive industry, employment and the wider economy. “The Government must make sure that its new regulatory regime for consumer credit maintains a competitive marketplace and supports the continued availability of affordable credit for customers.” FLA members’ penetration of the private new car registrations market was 71.9% i...

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 ...