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New car sales on the up... Contract Hire set to flourish!

After several years in the doldrums new car sales are making a striking recovery. 2013 was the best year since 2007 with a total of 2,264,737 cars registered a staggering 10.8% up on 2012. 2014 is expected to increase by around 1.8% . With finance companies & banks regaining their appetites for business it all points to a much more buoyant period for the motor industry over the next few years.

Contract hire is the UK’s number one fleet funding mechanism ( source BVRLA Jan 2014). An independent  estimate suggests that at least 60% of businesses fund their vehicles via Contract Hire with possibly no more than a third opting to outright purchase. The remainder choose to finance lease, contract purchase, lease purchase, hire purchase or utilise overdraft facilities and loans.

Here at LVS we enjoy the keenest, most competitive  rates in the UK should you prefer to Lease or buy . Carly, Mat and Tom are available to offer professional and helpful advice and of course provide quotations tailor made to meet your particular requirements.

N Webster Feb 2014

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Posted on 3rd February 2014 at 4:36 PM

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