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THE FLA and the BVRLA have written jointly to the government to say the brief of its Super Deduction allowance doesn’t go far enough. Both trade associations say that the Super Deduction should extend to leasing and plant hire. Currently the Super Deduction can be used to purchase items such as new vans via contract purchase – see our analysis of the…
THE BVRLA is promising to keep brokers, along with the rest of its members, informed about the developing automotive market. It is collaboring with some of the fleet sector’s leading research and data providers to plot the path through recovery and the uncertainty surrounding the political, economic, regulatory and operational environment. So it has partnered with APD, Auto Trader and cap hpi…
Strong year outlook THE prospects for leasing brokers in 2021 look strong. Speaking at a BVRLA organised Industry Outlook webinar, Wessex Fleet’s Spencer Blake outlined why conditions were so promising, and also explained that the company’s order take in January was the BEST EVER in 15 years of trading! In April this year, energy tariffs are changing. If your customers are not…
THE retail leasing sector is booming, and there are signs that the fleet sector is coming back to life, explained Spencer Blake, sales director of Wessex Fleet Solutions, on the BVRLA’s latest Industry Outlook seminar today (16 March 2021). Entitled Industry Outlook – a spotlight on the challenges of the pandemic and hosted by the BVRLA’s head of policy and public affairs…
BROKER deliveries to Northern Ireland are currently tangled in unforseen red tape following the UK’s departure from Europe. There is confusion over whether vehicles leased to residents of Northern Ireland and supplied from mainland UK are subject to tariffs. The BVRLA has produced a page to deal with leasing vehicles to Northern Ireland. The document says: “Following the end of the transition…
THERE is a new e-learning module available from the BVRLA on Selling Personal Contract Hire. Actively supported by broker funders Hitachi Capital Vehicle Solutions, Alphabet, and Lex Autolease along with ALD Automotive, Arval, and LeasePlan, the course costs just £49.95 for brokers with a funder relationship. Personal Contract Hire (PCH) continues to be the most popular finance method and while business contract…
THE FCA’s new rules on Commission Disclosure came into force on 28 January 2021. The regulation forms part of the CONC rules on affordability and transparency. This is to ensure regulated contract hire offered to a customer is suitable and that the customer also meets the underwriting requirements of the funding partner. To help leasing brokers stay compliant, the BVRLA has produced…