Trending
“But I think the one percent is so low it s relatively negligible. For a Model 3, one percent will be £14 per month, the equivalent on a BMW 3 Series is now £344 per month.
“So £14 per month is so much less. And switching from petrol and diesel to electricity, there saving about 90 percent on their fuel costs if they can charge from home.
And so actually the saving they are making between petrol and diesel and electricity will more than offset that change as well.
“It’s still so low so I m not worried about it from that perspective.”
READ MORE
Last year, Octopus Electric Vehicles claimed the number of drivers leasing electric vehicles had soared since new tax rules were introduced.
Click the thumbs up >Government financial support remains vital to the survival of many firms in vehicle rental sector after Covid-19 destroyed the leisure market.
That’s the view of the British Vehicle Rental and Leasing Association (BVRLA), which has published its latest Business Impact Survey, ahead of today’s Budget.
The survey provides a snapshot ‘state of the industry’, which highlights businesses’ continued reliance on three key Government support measures: the furlough scheme; business rates relief; and deferred VAT payments.
The BVRLA has written to the Chancellor, Rishi Sunak, requesting continued support in these three areas.
Sunak will announce the extension of the furlough scheme until the end of September in the Budget. It remains to be seen what other measures he introduces to support the industry.
LITTLE CONSENSUS
Hollick believes there is “little consensus” on how a new scheme would work. “The main options appear to be some form of annual road toll per user or vehicle, or toll per mile travelled,” he said.
“However, these are likely to work in conjunction with other forms of charging, such as extended ULEV (ultra-low emission vehicle) zones and even emissions-based parking levies.”
When combined with fleet-specific taxation, such as benefit-in-kind (BIK) taxation of vehicles and approved mileage allowance payments (AMAPs), Hollick told
Fleet News: “It’s potentially a very complicated picture and that is before you even start to ask questions such as how mileage would be monitored and charged.”
Adrian Brooks of Chatsbrook is launching Chatsbrook Vehicle Leasing to serve the contract-hire market
- Credit: Chatsbrook
Future 50 member Chatsbrook Finance is launching a new sister company, Chatsbrook Vehicle Leasing, which goes live today.
Working with manufacturers, large motor groups like Inchcape and Chatsbrook’s established finance partners, CVL promises to be an easy-to-use online service offering a huge range of vehicles backed up by solid, sensible contract-leasing arrangements, put together by the team of Specialist Automotive Finance (SAF) accredited account managers.
The Future 50 programme is supported by the partner businesses
- Credit: Archant
Chatsbrook Finance has always been about providing agreements for vehicle purchases – particularly for prestige, classic and sports cars. The company was launched in 2017 to cater to find better deals for automotive customers, before expanding to provide finance for asset purchases in a wide-range of sectors, from