All articles by Jo Tacon
Jo Tacon
Sale-and-leaseback comes to the fore
Fleet lessors are receiving more enquiries about sale-and-leaseback from business customers looking to boost their cash position, two leading fleet companies have reported.
Fleet lessor closes to new business
Fleet management and leasing company Siemens Motor Contracts (SMC) has closed to new business as of mid-December.
Broker focus for Grosvenor Contracts Leasing
Fleet management and leasing company Grosvenor Contracts Leasing is to target the sub-20 unit fleet sector through a newly-launched broker division, Fleet Connections.
Sticking to its guns
Jo Tacon talks to Norman Beaumont of ACF Car Finance about the importance of finding a winning formula in sub-prime finance – and sticking to it.
Mixed picture for December used car prices
Auction houses BCA and Manheim have reported that average wholesale used car selling prices in December 2008 were nearly £1,000 lower than in December 2007.
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New online car auction company launched
There is a new player in the car auction company- which is making a mark by offering clienrs a three-pronged price promise. Paragon Remarketing will not charge buyers’ fees, and will offer customers a 100 per cent money back guarentee along with free transport.
H&S breaches to be punished more severely
A new law which came into force on January 16 gives courts more powers to punish employers for breaches in health and safety- with imprisonment now a sentencing option.
Head in the clouds
Terry Dann looks at the opportunities in cloud computing for financial services businesses Cloud computing: everyones talking about it from Timothy Gartner, to The Economist, to the man-in-the-street (or my son at least)
Uneasy times
I recently went to the NACFBs Meet the Patrons networking day at the National Motorcycle Museum in Solihull It was a great chance to talk to vehicle finance brokers, and their funder partners, about market sentiment.I recently went to the NACFBs Meet the Patrons networking day at the National Motorcycle Museum in Solihull. It was a great chance to talk to vehicle finance brokers, and their funder partners, about market sentiment. No clear picture emerged of what is happening in the marketplace. Some said they were writing more business than ever, while others bemoaned the dearth of funds available and the conservatism of funders. One finance house that has become more conservative in its choice of which brokers to use is British Credit Trust – see Non-prime lender review broker connections for more.
Fleet lessor bags renewal of five-year outsourcing deal
Fleet lessor bags renewal of five-year outsourcing deal Inchcape Fleet Solutions (IFS) has won a five-year renewal of its contract with British Waterways, which operates a fleet of 1,000 vehicles – 450 of them company cars, with the remainder commercial vehicles. IFS first won an outsourcing contract for the British Waterways fleet in 2004, when it beat out six other lessors for the prize Under the terms of the deal, British Waterways will outsource the management of its company car fleet to IFS, while the lessor will take on the job of acquiring commercial vehicles for British Waterways through outright purchase, and of disposing of them as appropriate.