Contract hire and leasing news » Finance methods

CAP Valuation Anywhere helps fight against car finance fraud

Simon — Thu, 15 May 2008 08:35:13 +0000

Valuations Giant CAP is helping police to fight against car finance fraud with its Valuation Anywhere system.
Through this device CAP provides used values as SMS text message and on a web service.
In a unique partnership between the Association of Chief Police Officers (ACPO) and the Finance & Leasing Association, the Vehicle Crime Intelligence Service (AVCIS) has recovered almost £3 million of stolen or fraudulently-obtained vehicles since September 2007.
This system enables officers to identify and value recovered vehicles instantly via mobile phone or web service, providing essential additional information to support investigations.
Valuation Anywhere was initially designed by CAP for car dealers and other automotive professionals, who use it to accurately and instantly value vehicles without the need to consult a bulky printed price guide.
Users receive mileage-adjusted, industry-recognised, benchmark used car or van values in seconds by simply sending the vehicle registration mark and mileage from their mobile phone. The system runs in tandem with a web application, which offers additional pricing-related data when the user returns to their office.
It was CAP’s relationship with the Finance & Leasing Association - many of whose members rely on CAP used values to maximise profit and manage risk - which led to the adoption of Valuation Anywhere by AVCIS.
Detective Chief Inspector Lambotte, Head of AVCIS, said: “The provision of CAP information in partnership with the Finance & Leasing Association adds a valuable resource to our investigative teams, not only in measuring performance, but more importantly providing accurate data in respect of the value of assets which in turn supports investigations.”
Simon McBride

Growth of Contract Hire in the UK

Ian — Thu, 14 Feb 2008 17:27:52 +0000

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.

West way Nissan make power even cheaper with Z Car offer

Andy — Mon, 11 Feb 2008 10:25:56 +0000

West Way Nissan, the 11 strong Nissan dealer group have made 350Z sales top of their priorities this spring by launching offers to both private individuals and business users. You can now grab a brand new 350Z from just £26,795 or £340 per month + Vat on Contract Hire. The Nissan Navara and Qashqai models are also available from £19,995 + VAT and £12,995 respectively!

A guide to finance lease and hire purchase

Lee — Fri, 18 Jan 2008 10:38:17 +0000

We have added useful guides to finance lease and hire purchase on ContractHireAndLeasing.com. These guides will help the customer to make an informed choice when selecting a finance method to lease or purchase a car or van.

The guides explain how these finance methods work, the pros and cons and who they are right for. You can view these helpful guides by clicking on the following links

Finance lease guide
Hire purchase guide

What is daily rental?

Lee — Wed, 16 Jan 2008 16:22:43 +0000

We have updated our short guide to daily rental on ContractHireAndLeasing.com. Featured in the guide is an explanation of what daily rental is, the pros and cons of daily rental and whether daily rental is right for you.

Please follow this link to read our short guide to daily rental
Quick guide to daily rental

What is contract hire?

Lee — Mon, 14 Jan 2008 16:11:18 +0000

We have updated our short guide to contract hire on ContractHireAndLeasing.com. Featured in the guide is an explanation of what contract hire is, the pros and cons of contract hire and whether contract hire is right for you.

Please follow this link to read our short guide to contract hire
Quick guide to contract hire