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Recent newspaper articles concerning the Birmingham Automotive Component Trade Event have reported the show as a great success, and many companies that attended have announced new future business ventures as a result of it. The event was organised by the Automotive Council, and although many casual discussions amongst attendees took place, almost 100 one-on-one meetings were held between UK component companies and vehicle manufacturers. The purpose of the event was to promote and encourage the sourcing and supply of various vehicle components from among local UK-based suppliers, and for vehicle manufacturers, contract hire and other associated industries to build up stronger supply networks in the UK.
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The Automobile Association (AA) recently announced changes to European traffic laws, and gave a clear warning to all UK vehicle drivers intending to drive on European roads to be fully aware of the road rules applicable to the country before they arrive in it.

The AA highlighted a selection of traffic penalties that would be enforced on the unwary driver, which included a 24 Euro (₤20) fine for not having the necessary cash on hand for paying an on-the-spot-fine for certain traffic infringements, and a 384 Euro (₤320) charge to reclaim an impounded vehicle. The European traffic authorities will apply the laws equally to everyone, including private car drivers, contract hire or leased vehicles.
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The RAC Foundation recently published a news article where they suggested that if each UK driver were to be charged a fee for every mile they travelled in the UK; it would help in reducing future traffic jams. The RAC Director, Mr Stephen Glaister, stated that a pay-as-you-drive system could be the answer to tackling the number of new vehicles on the road, and with the population rising, suggested that the number of new cars and trucks on UK roads will probably increase
dramatically within the next fifteen years.
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Peugeot has just issued a press release announcing a new scheme called ‘Just Add Fuel’ that will likely appeal to those who are considering purchasing a new car in the UK. The package includes all the usual costs of purchasing a new car – the on-road costs, running expenses; everything is covered except for the cost of the fuel. In the purchasing contract, the buyer/owner agrees to one set monthly fee for a period of three years, and the monthly cost includes comprehensive insurance, servicing, road tax and roadside assistance service.
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Initially, when the UK Government recently announced plans to introduce changes to the regulations concerning the British Transport Industry, there were concerns amongst the commercial contract hire and car leasing sectors, however, after further explanations, they saw that the changes would bring improved conditions for UK companies using fleet company vehicles. In one government policy statement, that brought smiles to the faces of the managers of fleet companies looking after trucks and vans, it was announced that in future when foreign commercial hire vehicles use UK roads they would be charged a road tax.
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The leasing and hiring of vehicles has become popular over the years for large UK businesses that often require a large fleet of vehicles to carry out their day-to-day work duties. Reputable car leasing and car finance companies are continuing to offer special agreements to suit a company’s own bespoke needs for business vehicles.
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When a consumer agrees to pay for a service or a product, it is normal for them to ask themselves questions pertaining to the service, example: ‘what if something goes wrong?’ or ‘can I trust that particular provider?’
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In the current economic climate, many businesses are opting to hire or lease their company vehicles. But why do companies choose this option, when they can own the vehicle outright?

When a business opts to lease a car, they are essentially renting the vehicle for the long-term, along with a suitable maintenance and repair plan that forms part of the monthly, fixed payment. Businesses that opt to rent a vehicle are therefore able to predict monthly budgets more effectively, due to the fixed costs of such a contract.
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It’s been a year now since the rules on car leasing were simplified. More to the point, the balance between whether it was better to buy your business car or to lease it swung in favour of the latter. Out went the complicated half the excess rule to be replaced by a simplified leasing disallowance formula based on CO2 emissions.

Little wonder, then, that company cars for small businesses are back in the news. Several motor leasing companies and manufacturers have recently expressed an interest in doing business in the small business sector in the wake of the recession.
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When Leasing a car one of the questions you will have to ask yourself is, “Do I want a contract with maintenance costs or not?”.

Basically if you have it included then you pay a higher monthly cost to lease the car, but if you have any problems with it, the car leasing company pays for it to be repaired. This means you have to weigh up how much extra you have to pay, to how likely you will have problems with the car. If so ask yourself what sort of costs the type of car you have leased has. A cheap car will usually have lower maintenance costs to a more expensive car, which is something to take into account.
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