Beepi launches leasing option for used cars as it tackles RV challenges

This week Beepi is adding a leasing option to its used-car buying service, with the aim of take the hassle out of the experience by vetting the vehicles and delivering them. Beepi, which currently operates in 16 markets across nine US states, will initially offer three-year leases on qualifying 2013 model year cars, and three- and four-year lease options on 2014 and 2015 models.

Beepi launches leasing option for used cars as it tackles RV challenges

Apr 20, 2016

This week Beepi is adding a leasing option to its used-car buying service, with the aim of take the hassle out of the experience by vetting the vehicles and delivering them. Beepi, which currently operates in 16 markets across nine US states, will initially offer three-year leases on qualifying 2013 model year cars, and three- and four-year lease options on 2014 and 2015 models.

Lombard boosts its technology finance division as IT finance hits £2.2 billion

UK Finance & Leasing Association members reported a 26% increase in IT equipment finance in the 12 months to February 2016 to a total of £2.2 billion. It is not surprising therefore that Lombard, the UK’s largest asset finance provider, has announced that it has strengthened the sales team in its specialist technology division with a series of promotions.

Lombard boosts its technology finance division as IT finance hits £2.2 billion

Apr 20, 2016

UK Finance & Leasing Association members reported a 26% increase in IT equipment finance in the 12 months to February 2016 to a total of £2.2 billion. It is not surprising therefore that Lombard, the UK’s largest asset finance provider, has announced that it has strengthened the sales team in its specialist technology division with a series of promotions.

Keeping pace with tech-savvy mobility start-ups means fleet lessors must develop key digital capabilities

Established fleet leasing companies need to develop four key digital capabilities over the next three to five years to keep pace with technology-savvy start-ups who are currently setting the pace. This is the message from John Saffrett, chief administration officer of ALD Automotive in a newly released presentation from last November’s International Auto Finance Network Conference in London.

Keeping pace with tech-savvy mobility start-ups means fleet lessors must develop key digital capabilities

Apr 19, 2016

Established fleet leasing companies need to develop four key digital capabilities over the next three to five years to keep pace with technology-savvy start-ups who are currently setting the pace. This is the message from John Saffrett, chief administration officer of ALD Automotive in a newly released presentation from last November’s International Auto Finance Network Conference in London.

International Auto Finance Network Conference


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Funding Circle bolsters business development team with senior hire from Barclays

The Funding Circle has bolstered its business development team with the hire of Neil Mullane, formerly head of business and corporate banking for Barclays across West London. It comes as Funding Circle introducers, including commercial finance brokers, accountants and business advisers, have assisted their clients to access a record £42 million in Q1 2016 through Funding Circle.

Funding Circle bolsters business development team with senior hire from Barclays

Apr 20, 2016

The Funding Circle has bolstered its business development team with the hire of Neil Mullane, formerly head of business and corporate banking for Barclays across West London. It comes as Funding Circle introducers, including commercial finance brokers, accountants and business advisers, have assisted their clients to access a record £42 million in Q1 2016 through Funding Circle.

VW Financial Services South Africa chooses Bynx as its trusted IT partner

Bynx, the specialist fleet and leasing management software provider, has been selected by VW Financial Services South Africa (VWFS ZA) as its strategic IT partner. Bynx was specifically chosen for a new venture aimed at the vehicle fleet and leasing business customer.

VW Financial Services South Africa chooses Bynx as its trusted IT partner

Apr 19, 2016

Bynx, the specialist fleet and leasing management software provider, has been selected by VW Financial Services South Africa (VWFS ZA) as its strategic IT partner. Bynx was specifically chosen for a new venture aimed at the vehicle fleet and leasing business customer.

Canada’s Meridian credit union acquires Roynat Lease Finance

In Canada, Ontario largest credit union, Meridian, has struck a deal to buy a division of leasing service Roynat from Scotiabank for an undisclosed sum. Meridian announced on Tuesday it will purchase Roynat Lease Finance, a part of Roynat Inc. that helps businesses sell and lease their equipment. At the end of 2015, Roynat Lease Finance had a portfolio of leases valued at approximately CAN$910 million.

Canada’s Meridian credit union acquires Roynat Lease Finance

Apr 20, 2016

In Canada, Ontario largest credit union, Meridian, has struck a deal to buy a division of leasing service Roynat from Scotiabank for an undisclosed sum. Meridian announced on Tuesday it will purchase Roynat Lease Finance, a part of Roynat Inc. that helps businesses sell and lease their equipment. At the end of 2015, Roynat Lease Finance had a portfolio of leases valued at approximately CAN$910 million.

Rupert Pontin argues that Tesla’s new Model 3 has issues – not least those concerning RVs

The new Tesla 3 electric car has the potential to be a game changer in the development of the electric vehicles (EV) but also raises a whole host of questions.

Rupert Pontin argues that Tesla’s new Model 3 has issues – not least those concerning RVs

Apr 18, 2016

The new Tesla 3 electric car has the potential to be a game changer in the development of the electric vehicles (EV) but also raises a whole host of questions.


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Business transaction platform appoints head of Tungsten Network Finance

Prabhat Vira has been appointed president of Tungsten Network Finance, the supply chain finance arm of the Tungsten Network business.

Business transaction platform appoints head of Tungsten Network Finance

Apr 18, 2016

Prabhat Vira has been appointed president of Tungsten Network Finance, the supply chain finance arm of the Tungsten Network business.

Hugh Sigrist 1960 - 2016

With the death of Hugh Sigrist on Saturday 9 April, UK asset financing lost a determined professional who espoused and cherished the traditional values of the industry.

Hugh Sigrist 1960 - 2016

Apr 18, 2016

With the death of Hugh Sigrist on Saturday 9 April, UK asset financing lost a determined professional who espoused and cherished the traditional values of the industry.

Emma Simon tells of the rise & rise of UK female asset finance brokers

The role of women in the broking industry has changed beyond recognition over the last 20 years.  Far more women are now in senior positions in what has traditionally been a male-dominated industry.

Emma Simon tells of the rise & rise of UK female asset finance brokers

Apr 18, 2016

The role of women in the broking industry has changed beyond recognition over the last 20 years.  Far more women are now in senior positions in what has traditionally been a male-dominated industry.

Carwow hits 25,000 new car sale total as European expansion proceeds apace

Last month (March) carwow moved one step nearer its ambition to become a pan-European player by opening its first operation in mainland Europe – in Munich, Germany. Appropriately, the company appointed Philipp Sayler von Amende, a German national to head the operation. Amende came with some 12-years’ experience in the automotive sector including as senior vice president at TrueCar, the leading automotive online platform for new car buying in the US.

Carwow hits 25,000 new car sale total as European expansion proceeds apace

Apr 14, 2016

Last month (March) carwow moved one step nearer its ambition to become a pan-European player by opening its first operation in mainland Europe – in Munich, Germany. Appropriately, the company appointed Philipp Sayler von Amende, a German national to head the operation. Amende came with some 12-years’ experience in the automotive sector including as senior vice president at TrueCar, the leading automotive online platform for new car buying in the US.

Hitachi Capital Business Finance on target for five-fold growth as sleeping giant wakes

Last month (March) Gavin Wraith-Carter celebrated his second year as managing director of Hitachi Capital’s Business Finance division. During this time the division has progressed as a smallish player in its sector specialisms, (what Wraith-Carter describes as “a sleeping giant”) to an asset lender which is now “three or four times larger by business turnover”.

Hitachi Capital Business Finance on target for five-fold growth as sleeping giant wakes

Apr 14, 2016

Last month (March) Gavin Wraith-Carter celebrated his second year as managing director of Hitachi Capital’s Business Finance division. During this time the division has progressed as a smallish player in its sector specialisms, (what Wraith-Carter describes as “a sleeping giant”) to an asset lender which is now “three or four times larger by business turnover”.

Orto’s co-ownership plan drives a change for city-dwellers and their cars

The utilization of the average British car is notoriously low. The RAC Foundation reveals in its Spaced Out: perspectives on parking policy report that the average car spends about 80% of the time parked at home, is parked elsewhere for about 16% of the time, and is thus only actually in use (i.e. moving) for the remaining 3-4% of the time.

Orto’s co-ownership plan drives a change for city-dwellers and their cars

Apr 07, 2016

The utilization of the average British car is notoriously low. The RAC Foundation reveals in its Spaced Out: perspectives on parking policy report that the average car spends about 80% of the time parked at home, is parked elsewhere for about 16% of the time, and is thus only actually in use (i.e. moving) for the remaining 3-4% of the time.

LeasePlan’s SwopCar ties up with Infiniti for new Q30 compact promotion

Premium car brand Infiniti (the luxury vehicle division of Nissan) and lessor LeasePlan have revealed a one-year partnership to mark the European introduction of Infiniti’s new Q30 Premium Active Compact and LeasePlan’s new car sharing service: SwopCar.

LeasePlan’s SwopCar ties up with Infiniti for new Q30 compact promotion

Apr 13, 2016

Premium car brand Infiniti (the luxury vehicle division of Nissan) and lessor LeasePlan have revealed a one-year partnership to mark the European introduction of Infiniti’s new Q30 Premium Active Compact and LeasePlan’s new car sharing service: SwopCar.

 

David Maloney to head up VW Financial Services UK as it aims for pole position as mobility solutions provider

David Maloney has been promoted to the position of chief executive officer for Volkswagen Financia...

Copernicus launches Juki - a free financial calculator

Copernicus has launched Juki, a free-of-charge financial calculator. Allen Jones, Copernicus’ fou...