Tag Archive | "Business Contract Hire"

The Business Of Cars

With the wet winter we have just had, most people would be forgiven for thinking twice about attending an outdoor event in the UK. Fortunately, for once, the sun shone upon the wide open spaces of the home of British motor racing, Silverstone, for the annual Fleet Show.

This time though the roar of engines came, not from race cars, but from the cars that we all buy. Manufacturers are always keen to sell their products to the general public but there is also the lucrative commercial side of things for those corporate or small businesses who use cars as part of a company fleet.

So it was that Silverstone opened its gates to business users from around the country. Car makers lined up their choicest selections to be viewed and driven. These days industry requires vehicles that can offer impressive fuel economy, low depreciation and affordable servicing.

That’s not the end of it though. Users expect cars to be stylish, well equipped and to offer the sort of low emissions to help mitigate the effects of the dreaded ‘Benefits In Kind’ tax. Officially, BIK are benefits which employees or directors receive from their employment but which are not included in their salary cheque or wages. To the rest of us these are also called ‘perks’ or ‘fringe benefits’ and they include things like company cars. To HM Government it is called a ‘revenue stream’.

The curiosity of this is that it is not the nature of the car that generates a given BIK rate. The amount is based on CO² emissions. Thus a high performance two seater which gets to sixty two miles per hour in under six seconds from a standstill and goes up the road like a scalded cat only attracts a monthly BIK of £223 for forty percent tax payers. Now this is what we’d all be happy to call a company car but it seems unlikely that British bosses will ever see it that way.

FL2 The Business Of CarsThis is why this annual opportunity is so useful. It gives industry the chance to inspect the multitude of auto offerings across the performance and price range. From the luxury brands through to the more popular fleet choices like Mazda or even Nissan’s funky electric Leaf, the cars are there to be seen and, helpfully, to be driven. It also gives business users the chance to consider, for example, contract hire or leasing deals. More and more companies are offering this, with Motorparks being just one example.

The chance to try and buy – and get to drive down the famous pit lane and around Silverstone’s sensual curves – is crucial if the car maker is serious about the business of cars. The Fleet Show also gives the ancillary suppliers and small businesses a chance to tell the world about their products. From admin and IT solutions, electric vehicle charging and automotive technical innovations, finance and fleet management organisation right down to awnings that allow technicians to work outdoors whatever the weather, are all on show to see and discuss. The coffee’s good too.

The 2014 Fleet Show had everything for managing the business of cars. The exhibition and seminar halls were abuzz and the test drives and hot laps in constant flow. In addition to this, meeting, greeting and the chance to network with like-minded people forms the crucial part of what helps the business world go about its business.

FL1 The Business Of Cars


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The Benefits Of Business Fleet Management

Company cars and commercial vehicles are essential to the running of most businesses, large and small. Fortunately for industry there are specialist companies able to provide business fleet management.Managing a fleet effectively requires a range of services to minimise the risks associated with vehicle investment and, crucially, save money in these difficult financial times.

The best fleet management companies include services as diverse as financing, maintenance, health and safety and, additionally, speed, fuel and driver management amongst many other aspects. This improves efficient and productivity whilst reducing overall costs and ensuring compliance with regulations.

There are various options to the leasing process to suit individual needs. There’s simple contract hire where the vehicles are simply rented or contract purchase offers fixed monthly payments which allow you to manage your fleet expenses whilst offering the chance to purchase the vehicle at the end of the contract by making a single ‘balloon’ payment. There are also leasing agreements and even the option to sell your existing fleet and rent them back from the company. This is a possible solution to cash flow worries.

Many companies today are choosing green solutions and fleet management can help. Whether your needs are for long distance saloons like the Jaguar XF , light commercial vehicles or even electric vehicles, help is at hand. Present rates of CO² taxation and Benefit In Kind legislation ensure that environmental issues cannot be ignored. By utilising the long experience and best practice of business fleet management it is possible to ensure the best green solutions.

It cannot be stressed enough the value of these essential fleet management services, leaving managers clear to concentrate on the core business needs. By leaving day to day fleet activities to the experts means no longer having to worry about breakdowns, servicing and general maintenance like tyres and glass; whilst fleet administration takes over the stewardship of motoring violations ensuring prompt action to reduce penalties and dealing with road tax, V5s, MOTs and parking permits. In short, everything is covered. One less big thing to worry about.

The number of fleet units deployed on company and commercial fleets throughout Europe is growing exponentially as managers realise the value of not having to run a dedicated department. Fleet management is the first and principal step to understanding automotive costs, financing and vehicle selection. The sensible move is to let fleet industry experts take the strain – that means peace of mind in the long run.

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