Customers fall short on understanding finance
Car finance, the umbrella term which covers various payment options, can be confusing. The term drivers find most baffling is ‘balloon payment’ – which refers to a lump sum owed to
Car finance, the umbrella term which covers various payment options, can be confusing. The term drivers find most baffling is ‘balloon payment’ – which refers to a lump sum owed to
The share of personal contract hire (PCH) sales enquiries for all electric vehicles (hybrid, plugin and battery) fell from 34.6% in the first-half of 2022 to 22.9% this year. That
Tusker, which has been part of the Lloyds Banking Group since February this year, has also had a record-breaking first half of 2023, having delivered more than 8,500 brand new
Flexible methods being explored include traditional rentals (9%), carshare or short-term rentals (8%), employee salary sacrifice schemes (8%), or subscriptions (6%). This compares to only 7% of UK motorists in
Personal Leasing/PCH continues to gain traction, particularly in the new and nearly new markets. For suppliers, the appeal of optimising the lifetime value of people by promoting leasing is clear.
With the UK enduring a serious and potentially long-lasting cost of living crisis, there are concerns for motorists contracted to expensive finance deals. Almost all new cars are purchased using
The business is developing its Options product to offer more flexibility, including different terms so that consumers can enjoy the long-term benefits of EVs more easily. While some EVs have
According to 2022 pricing data across Leasing.com’s top 15 most popular BEVs, leasing was the cheapest and most cost-effective option on 87% (13) of those models. Across the list, the highest
Leasing.com is forecasting a 50% growth in enquires in 2022, which would see the total value rise to £1.64bn by the end of 2022. The numbers make for positive reading,
Vehicles are sourced from ZenAuto’s end-of-term fleet, refurbished and imaged before they are made available for consumers. Each vehicle comes with a seven-day, no quibble return policy, 90-day guarantee and
Leasing.com’s data coincides with a strong year for the personal leasing market more broadly. The latest statistics from the Finance and Leasing Association (FLA) showed that the value of personal
Research conducted by Leasing.com in August 2021 comparing the eight lowest total cost leasing deals on economy vehicles with equivalent manufacturer PCP offers found that, on average, leasing was £1,269.48
With millions furloughed and many more forced to work from home during the pandemic, the demand for cars plummeted. But as most of us look to return to work, the
A move to short and daily rental highlighted in the latest LBF Quarterly Research is likely to be down to the current period of uncertainty as customers are reluctant to
Applications for both Personal Contract Purchase (PCP) and Hire Purchase (HP) agreements have been markedly higher than during the same period in 2019 since showrooms reopened on June 1.
The Leasing Broker Federation is an independent membership organisation supporting leasing brokers and operators across the uk. It better equips brokerages with knowledge and skills supporting them to thrive within this growing sector.
It also provides a mutually beneficial business community environment for all market relevant companies, such as leasing companies, funders, manufacturers, service suppliers and dealerships. These companies make up our federation partner network.
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