A new five year remarketing deal with Volkswagen Financial Services has been won by epyx. The arrangement will see the company’s 1link Disposal Network used to remarket all VWFS vehicles as they reach the end of their lease periods and covers all VW brands – Audi, Bentley, CUPRA, Lamborghini, Porsche, SEAT, Skoda, Volkswagen and Volkswagen Commercial Vehicles. After four years of development … [Read more...]
EV fleet challenge to smaller businesses
According to recent findings by Alphabet GB, small and medium-sized fleets are facing difficulties in transitioning to electric vehicles. While companies have the desire to initiate the switch to electrified vehicles, 45% of fleet managers claimed that they lack the required knowledge and time to take the crucial initial steps. A majority of businesses that operate with smaller fleets are still … [Read more...]
Reducing risk of plunging fleet values
The vast majority of fleets purchase vehicles outright and then dispose of the assets privately once they have no more uses vehicles, a study has revealed. According to RAM Tracking’s Vehicle Buying Survey 2022, just 41% of fleets said they defy fleet conventions and purchase vehicles outright. The second most popular method of funding vehicles is via a leasing company and the third most popular … [Read more...]
Beat the heat & plan ahead
The current heatwave is expected to last all week, with warnings remaining in place while the temperature soars into the mid thirties (33C/91F). It is important to make safety a priority when you're driving this summer, which is why you should always prepare for long journeys ahead, including your commute to and from work. Graham Conway, Managing Director at Select Car Leasing shares nine useful … [Read more...]
Leasing EVs is about to take off
Brits are more likely to lease a new electric car than buy one, according to one supplier. That's according to leading provider Select Car Leasing, which has revealed it has seen a 300 per cent upturn in interest for EV models over recent months. The buzz around electric cars and vans has rocketed over the past 12 months due to a combination of the government’s 2030 carbon emission … [Read more...]
EVs depreciate less than petrol or diesel cars
A leasing company has analysed a popular online car marketplace and compared the prices of the UK’s most popular used cars against the number of miles the car had done to uncover the average depreciation cost per mile our cars drive. The average price an petrol or diesel car depreciates is 67ppm or by £4,669.90 a year compared with an evs cost of 55ppm and £3,833.50 annually, meaning evs save 18% … [Read more...]
Car club to cut costs not corners
There is no denying that being at the wheel can be both fun and relaxing. But do you really need to own a car in order to enjoy your driving? The reality is that car sharing is one of the best solutions to save on vehicle expenses and benefit from the freedom of moving around whenever it suits you. Richard Falconer, Managing Director of Co Wheels Car Club, suggests that utilising this service … [Read more...]
Hire days and holidays good to try EVs
Hiring an electric car on holiday is a good opportunity to try one out say almost a quarter (23%) of car hire drivers (25% men and 21% women). According to a new Opinium survey of 2000 UK holidaymakers, on behalf of iCarhireinsurance.com, a leading provider of car hire excess insurance, almost one in seven car hirers (14%) would choose to hire an electric car rather than a petrol or diesel car; … [Read more...]
Businesses stretch to survive
New data compiled by epyx has shown the increased level of contract extensions made on company cars and vans during the coronavirus crisis. Looking at transactions through its 1link Service Network service, maintenance and repair (SMR) platform, used by fleets operating four million vehicles, it has produced a comparison for April-August 2020 – the height of the pandemic so far – with the same … [Read more...]