Volkswagen Financial Services (VWFS) is set to launch an electric vehicle (EV) finance package designed to keep car retailers as an integral part of the retail auto market.
According to the captive, the new approach will protect the car by offering customers a minimum of a 2-year lease from new, and then reselling as an approved vehicle, all while being maintained and serviced by the retailer’s aftersales team.
By doing this, car retailers will be able to keep in touch with customers when they come in for servicing, which is hoped to establish lasting relationships and inspire brand loyalty.
Jan 08, 2021
Volkswagen Financial Services (VWFS) is set to launch an electric vehicle (EV) finance package designed to keep car retailers as an integral part of the retail auto market.
According to the captive, the new approach will protect the car by offering customers a minimum of a 2-year lease from new, and then reselling as an approved vehicle, all while being maintained and serviced by the retailer’s aftersales team.
By doing this, car retailers will be able to keep in touch with customers when they come in for servicing, which is hoped to establish lasting relationships and inspire brand loyalty.
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In an attempt to streamline the financing process for its corporate customers, business mobility service provider, Alphabet, has unveiled a new platform, Alphabet Motion.
Encompassing personal contract hire (PCH) – marking the first time Alphabet has provided this product – and credit sale agreement (CSA), the platform offers a range of offers and multiple makes and models, with tailored quotes based on personal needs.
Jan 07, 2021
In an attempt to streamline the financing process for its corporate customers, business mobility service provider, Alphabet, has unveiled a new platform, Alphabet Motion.
Encompassing personal contract hire (PCH) – marking the first time Alphabet has provided this product – and credit sale agreement (CSA), the platform offers a range of offers and multiple makes and models, with tailored quotes based on personal needs.
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As the asset finance industry enters the new year and resumes trading following the holiday period, Asset Finance International looks back on some of the most significant trends of the previous year.
The UK auto finance market achieved strong performance at the end of 2019, resulting in the value of new business reaching £38 billion, according to figures from the Finance & Leasing Association (FLA).
Armed with a healthy and innovative marketplace, the auto and asset finance sectors were keen to forecast what the new year would bring. For example, Wagonex anticipated subscription models would be the largest trend in the retail auto market in 2020. Others postulated that digitalization would be a key focus, considering that customers were more likely to buy online than ever before.
Jan 07, 2021
As the asset finance industry enters the new year and resumes trading following the holiday period, Asset Finance International looks back on some of the most significant trends of the previous year.
The UK auto finance market achieved strong performance at the end of 2019, resulting in the value of new business reaching £38 billion, according to figures from the Finance & Leasing Association (FLA).
Armed with a healthy and innovative marketplace, the auto and asset finance sectors were keen to forecast what the new year would bring. For example, Wagonex anticipated subscription models would be the largest trend in the retail auto market in 2020. Others postulated that digitalization would be a key focus, considering that customers were more likely to buy online than ever before.
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The UK and the EU concluded the Trade and Cooperation Agreement on 24 December 2020. The Agreement provides a framework under which trade will take place following expiry of the transition period on 31 December 2020.
“Personal data” is mentioned a mere 158 times in the 1265 pages of the document but there are some significant impacts in this area, as in so many others.
Jan 06, 2021
The UK and the EU concluded the Trade and Cooperation Agreement on 24 December 2020. The Agreement provides a framework under which trade will take place following expiry of the transition period on 31 December 2020.
“Personal data” is mentioned a mere 158 times in the 1265 pages of the document but there are some significant impacts in this area, as in so many others.
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The key UK financial services sector faces an anxious wait to learn on what basis it can keep dealing with Europe. This is after being largely omitted from the trade deal along with services in general, which account for 80% of Britain’s economy.
While market players hope that years of preparations since Britain voted to leave the European Union means the transition of most euro-denominated assets like shares and derivatives out of the country will be relatively smooth - the long-term impact remains unclear.
Jan 05, 2021
The key UK financial services sector faces an anxious wait to learn on what basis it can keep dealing with Europe. This is after being largely omitted from the trade deal along with services in general, which account for 80% of Britain’s economy.
While market players hope that years of preparations since Britain voted to leave the European Union means the transition of most euro-denominated assets like shares and derivatives out of the country will be relatively smooth - the long-term impact remains unclear.
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The UK Society of Motor Manufacturers and Traders (SMMT) is intent on looking at the broader picture as the Brexit agreement terms become clearer.
Mike Hawes, SMMT’s chief executive said: “Securing a deal with the EU that works for automotive has been the industry’s top priority for the last four and a half years.
“It is, therefore, of great relief that this could now be in place with the potential to unlock continued preferential access to key markets around the world. With the Trade and Co-operation agreement (TCA) in place, the industry will continue to work closely with government to identify essential areas for investment and support to ensure UK Automotive retains its global competitiveness, helping transition the country into post-Brexit, post-Covid prosperity, while delivering on ambitious environmental goals.”
Jan 04, 2021
The UK Society of Motor Manufacturers and Traders (SMMT) is intent on looking at the broader picture as the Brexit agreement terms become clearer.
Mike Hawes, SMMT’s chief executive said: “Securing a deal with the EU that works for automotive has been the industry’s top priority for the last four and a half years.
“It is, therefore, of great relief that this could now be in place with the potential to unlock continued preferential access to key markets around the world. With the Trade and Co-operation agreement (TCA) in place, the industry will continue to work closely with government to identify essential areas for investment and support to ensure UK Automotive retains its global competitiveness, helping transition the country into post-Brexit, post-Covid prosperity, while delivering on ambitious environmental goals.”
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Alfa reveals strong performance in H2 2020
IAFN Online celebrates a year of supporting the asset finance industry 
“Sigh of relief” from UK leasing industry as Brexit negotiation goes up to the wire
Employees hailed as heroes of 2020 as asset finance industry prepares to rebuild the European economy
