AA launches inner-city car leasing service

The AA has launched a new leasing service, offering cars compliant with low-emission zones for use in cities subject to the schemes. Known as AA Smart Lease, it offers new cars exempt from clean-air zone charges. The zones currently exist in London and Bath, while others, including Birmingham, are set to follow later in 2021 and beyond. Although there are differences between the schemes, UK clean-air zones, including London’s ULEZ, typically permit Euro 4 petrol cars (generally registered after 2005) and Euro 6 diesels (generally registered after September 2015) to enter without charge.

AA launches inner-city car leasing service

Apr 02, 2021

The AA has launched a new leasing service, offering cars compliant with low-emission zones for use in cities subject to the schemes. Known as AA Smart Lease, it offers new cars exempt from clean-air zone charges. The zones currently exist in London and Bath, while others, including Birmingham, are set to follow later in 2021 and beyond. Although there are differences between the schemes, UK clean-air zones, including London’s ULEZ, typically permit Euro 4 petrol cars (generally registered after 2005) and Euro 6 diesels (generally registered after September 2015) to enter without charge.

Bynx launches Fleet Future insight series

Fleet and mobility software specialist Bynx has launched a new insight series, called Fleet Future, to highlight the changes facing fleet suppliers and operators as the world emerges from lockdown. The fleet market is entering a period of unprecedented change and the series of reports will consider some of the most pressing challenges facing fleet managers and their suppliers. The first issue considers the future shape of the fleet market as the Coronavirus vaccine helps return the global economy to full strength, with the business environment changed significantly over the past year.

Bynx launches Fleet Future insight series

Mar 30, 2021

Fleet and mobility software specialist Bynx has launched a new insight series, called Fleet Future, to highlight the changes facing fleet suppliers and operators as the world emerges from lockdown. The fleet market is entering a period of unprecedented change and the series of reports will consider some of the most pressing challenges facing fleet managers and their suppliers. The first issue considers the future shape of the fleet market as the Coronavirus vaccine helps return the global economy to full strength, with the business environment changed significantly over the past year.

Midlands Asset Finance announces rebrand as fleets prioritize EVs

Midlands Asset Finance, a UK-based financial services broker, has announced the launch of a new company brand and is now set to begin trading under the name, MAF Finance Group. According to the company, the change reflects its recent growth from a local and regionalized broker to a larger, national business with wider specialist divisions across the UK. Dave Chapman (pictured above), director and head of sales and property, added: “Everything we have learned from our banking careers we have been able to implement across our business and more, to make a real difference to help our clients grow and achieve their goals. Working with a wide panel of banks and alternative specialist funders, we can meet our client’s needs with a strong ‘appetite for yes’.”

Midlands Asset Finance announces rebrand as fleets prioritize EVs

Mar 18, 2021

Midlands Asset Finance, a UK-based financial services broker, has announced the launch of a new company brand and is now set to begin trading under the name, MAF Finance Group. According to the company, the change reflects its recent growth from a local and regionalized broker to a larger, national business with wider specialist divisions across the UK. Dave Chapman (pictured above), director and head of sales and property, added: “Everything we have learned from our banking careers we have been able to implement across our business and more, to make a real difference to help our clients grow and achieve their goals. Working with a wide panel of banks and alternative specialist funders, we can meet our client’s needs with a strong ‘appetite for yes’.”

Bynx June Banner 2019 1

Europe

Fleet operators are wrestling with a new compliance landscape, says Licence Bureau

Mar 17, 2021

With the release of the UK governments four step roadmap to easing the lockdown restrictions, many fleet operators are concerned about challenges and importance of fleet compliance in the near future, according to fleet finance software provider, Licence Bureau. The company stated that the disruptive consequences of the pandemic, including the rise of remote working, have brought about serious implications for many businesses. These span from risk management and duty of care obligations to the fact that ‘cause or permit to drive’ legislation means that penalties can be duplicated for fleet managers should employers request employees to visit the office – which may no longer be deemed as their ‘place of work’.

Americas

PACCAR Financial Services reports record revenues

Feb 06, 2020

Assets at PACCAR Financial Services reached a record $16.07 billion last year as its portfolio grew to 208,000 trucks and trailers. The results include PacLease, a major full-service truck leasing company in North America and Europe, which has a fleet of more than 40,000 vehicles. PFS revenues were a record $1.48 billion in 2019 compared to $1.36 billion in 2018. Last year’s pre-tax profits were $298.9 million.

Asia Pacific

SG Fleet widens service offering in Australia through strategic investment in car subscription provider Collaborate

Dec 16, 2019

Vehicle leasing company SG Fleet has bought a stake in Australian mobility specialist Collaborate Corporation for $2.2 million to widen its service offering. Collaborate’s core businesses are its car subscription service ‘Carly’ and a range of peer-to-peer vehicle rental offerings. With Carly, users pay a monthly subscription fee to access any vehicle from the entire fleet available.