In 1980, just 5% of the UK’s company cars were contract hired. Today the figure is over 40% and rising, as many financial experts opt to fund their fleets using contract hire, taking advantage of the numerous cost-saving and administrative benefits.
This is a definate trend, one of which the nation is following the lead of the U.S.A where the figure is nearer to 85% and growing all the time.
The personal leasing side of the industry has grown massively over recent years, with many people opting out of the traditional company car scheme and instead taking the cash option, allowing themselves a wider variety of vehicles to choose from.
