It has been reported that over 1 million vehicles will be registered to fleet and leasing companies this year. Fleet managers, especially those in small and medium sized businesses will be looking to secure finance for their new vehicles. However it appears they will be facing a tough battle, with underwriting criteria still very strict and funders such as Lombard and Hitachi Capital Solutions both pulling out of the broker market altogether.
The BVRLA is hopeful that its members will catch more of the small fleet business. “The SME market has traditionally lagged behind other business sectors in its use of vehicle leasing but we think this could change in 2010. Some of our leasing broker members have reported record levels of SME business in recent months. As some small and medium businesses struggle to access enough affordable finance from their existing lenders they may well turn to leasing” said John Lewis BVRLA chief executive.
Here at Crusader Vans not only do we have the backing from the BVRLA as an appointed leasing broker but we also have several different funding options including ING, Commercial Vehicle Finance, LEX Autolease, Lombard and Arval PHH. Give one of our experienced sales team a call to discuss the different funding options available on Free Phone 0800 955 5055.