Hilton News
spacer News Jun 25, 2010

BUDGET NEWS JUNE 2010
Chancellor George Osborne’s first Budget contained a variety of measures that will have a direct impact on fleet running costs.

spacer News Apr 06, 2010

HILTON VEHICLE LEASING SPONSORS THE BRITISH OPEN
The H Factor Final presented by Equimax & Eraquell

spacer News Mar 26, 2010

NEW SHOWROOM TAX - APRIL 2010
Following the Chancellor of the Exchequer's Pre-Budget Report in November 2008, VED road tax rates planned for introduction in April of each year are as follows:

spacer News Mar 25, 2010

BUDGET: Company car tax incentive for low emission cars
The chancellor has introduced tax incentives for company drivers who opt for ultra-low emission cars.

spacer News Mar 09, 2010

Rental Car Shortage
The car hire shortage is likely to continue, with fleets advised to ensure their supplier has a strategy to prioritise corporate clients during peak demand periods.

spacer News Mar 09, 2010

Rising danger from staff using own cars for work
Thousands of small organisations remain completely oblivious to their legal occupational road risk management responsibilities in relation to employees who drive their own cars on business trips.

spacer News Mar 09, 2010

Audi A5 Sportback 2.0 TDI 170 SE
For those confused by the A5 Sportback, Audi provides helpful guidance in its advertising: ‘think of it as a coupé with five doors’.

spacer News Mar 09, 2010

Manufacturer Safey Recalls
Vehicle recalls have been given unprecedented media coverage with Toyota in the spotlight because of the global nature of its problem and the large number of UK cars affected. But recalls take place all the time, and context is often missing from these media reports.

spacer News Dec 10, 2009

Pre Budget Report - Electric Vehicles Get Major Tax Break
The chancellor Alistair Darling has confirmed he is giving company drivers of electric cars and vans a five-year holiday from Benefit-in-Kind tax.

spacer News Dec 10, 2009

Free Fuel for Company car drivers hit hard
The chancellor has raised the fuel benefit charge multiplier, effectively making employees who receive fuel paid for by the company for private use even more worse off.

spacer News Dec 10, 2009

Fuel duty will increase in April 2010
The chancellor has confirmed that fuel duty will increase next year as planned. He ruled out any further increases in fuel duty, expect for those already announced.

spacer News Dec 08, 2009

November Registrations up 57.6% on 2008
New car registrations were up 57.6% in November compared to 2008 figures, according to the Society of Motor Manufacturer and Traders (SMMT).

spacer News Dec 08, 2009

Pre-Budget Report Signals Major Tax Break For Company Cars
The chancellor Alastair Darling is considering major tax cuts for electric fleet cars, according to reports.

spacer News Jun 04, 2009

Fleets opt for used vehicles to cut costs
A significant number of fleets are shunning new vehicles and buying used instead

spacer News Apr 22, 2009

2009 BUDGET NEWS 22/04/09
HELP FOR BUSINESSES

spacer News Apr 22, 2009

2009 BUDGET NEWS - 22/04/09
NEW CAR SCRAPPAGE SCHEME

spacer News Apr 22, 2009

2009 BUDGET NEWS - 22/04/09
FUEL DUTY

spacer News Apr 22, 2009

CO2 EMMISSIONS
Chancellor commits to CO2 reduction

spacer News Apr 08, 2009

Hilton Accident Management goes live!
If you have been involved in a road traffic accident that was not your fault, Hilton Accident Management can help you avoid losing time and money.

spacer News Jan 20, 2009

Warning: Vehicle Purchase Protection
Criminals are mounting a concerted attempt to defraud users of online car sales sites such as Auto Trader.

spacer News Jan 19, 2009

MINI E Drive
Electric cars have had a serious boost in credibility with BMW releasing a fleet of electric MINIs.

spacer News Jan 19, 2009

Rapidly rising tyre prices will hit fleets hard
The fleet industry is being warned that the unprecedented increase in the price of tyres that has been seen in recent months will continue.

spacer News Jan 19, 2009

MAZDA APPROVAL
Hilton Coachworks gains Mazda Approval to assist with their new alliance with Gates Motor Group.

spacer News Mar 25, 2008

Hilton Motor Group - Budget 2008 Tax Guide
Chancellor Alistair Darling delivered this year’s Budget speech on 12 March.

We have analysed and summarised the implications of this year’s announcement for fleets and company car drivers.

spacer News Mar 02, 2008

Hilton Smart Repairs Website goes live
The first stage of the new Hilton Smart Repairs Website is now live ......

spacer News Mar 02, 2008

Hilton Windscreen Repairs New Website
The new Hilton Windscreen Repairs website is now live .....

spacer News Oct 23, 2007

New Hilton websites launch
We are pleased to announce the first of our new websites is now live .....

 

 

 

Fleets opt for used vehicles to cut costs

According to figures from the Finance and Leasing Association (FLA) some £179 million has already been lent to companies in the first quarter of this year to acquire used vehicles for business-use. Last year, close to £900m was lent to businesses to buy used vehicles, while the year before that the figure topped £1bn for the first time. Hilton Vehicle Leasing has seen an increase in customers looking more closely at their options when choosing their next car which has sparked a recent upward trend. “We have seen a big increase in used car leasing deals, especially since the latter half of 2008,” said Managing Director Morgan Devereux". He said there are benefits for fleets leasing used cars, including immediate availability and significant cost-savings. “Additionally used cars are often taken on shorter lease terms, meaning that the fleet has a short-term solution if they are unsure of their vehicle needs or funds.” However, with used car prices rising, the cost advantages of leasing used cars is slowly diminishing “This has meant that new car leasing is now back in the ascendancy; with only a few competitive used car deals now available,” said Morgan. “Although manufacturers provide significant incentives to fleets on new cars, used car leasing can still work out cheaper is some circumstances.” Typically, leased used cars tend to be around 12 months old, so are still covered by warranty, and have covered below 15,000 miles. The country’s traditional used car sellers are also seeing interest. While there’s no hard and fast evidence that a greater number of businesses are buying used vehicles during these recessionary times, it is a believable assumption. As the credit crunch began to impact on the amount companies could borrow, so the amount lent to them to acquire used vehicles to renew their fleets has also dropped. For fleets sourcing a small number of vehicles the used market can be an option if for whatever reason they don’t want to buy new or lease. Cost is clearly the prime motivator, but it can also be choice. Please contcat us for further details on our great offers.
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