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Personal contract hire more popular than ever, says Volvo
The Swedish brand’s dealers are reporting a record number of contracts from private motorists, as customers increasingly turn their backs on outright car ownership in favour of contract hire. According to the firm’s UK headquarters, business contract hire still formed the majority of its leasing business in October, but nonetheless personal contract hire made up 28 per cent- an increase of two thirds compared to October 2010. Volvo’s leasing business as a whole was up by a huge 68 per cent in October compared to the same month of the previous year.
Contract hire and leasing is becoming increasingly appealing to personal customers, as motorists seek to control their monthly motoring outlay in the face of a difficult economic climate.
Tony Grice, Volvo UK's training and field manager says: “A competitive rental figure that incorporates a maintenance package means we have a practically unbeatable value-for-money proposition. We're now seeing more customers opting for contract hire products than ever before."
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contract hire business cars uk - News
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The Swedish brand's dealers are reporting a record number of contracts from private motorists, as customers increasingly turn their backs on outright car ownership in favour of contract hire. According to the firm's UK headquarters, business contract |
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The number of car buyers looking to lease their next vehicle is at an all-time high, according to new research. Data obtained from carleasingplus.co.uk, a new website offering instant contract hire and leasing packages, showed that a third of UK car |
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“There are huge benefits to businesses running a fleet of vehicles through contract hire, which is why it should be seriously considered by all businesses, no matter what size.” Another plus factor is the range of vehicles available. |
It certainly would not be drawn on whether it had considered establishing its own contract hire or fleet management business, rather than developing this partnership approach. Alex Brown, managing director and head of Asset Finance at Barclays
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of contracts signed at its dealerships for contract hire or personal contract hire agreements. The latter is up by two-thirds when compared with October 2010, while the manufacturer's leasing business saw a 68 per cent rise. Volvo UK's training and |