Writing for the National Association of Commercial Finance Brokers’ magazine, the BVRLA promotes the merits of doing business with BVRLA leasing brokers.
Read by over 5,000 individuals running SME’s the magazine includes guest articles from a variety of organisations including the Bank of England, Financial Leasing Association and the Federation of Small Businesses.
The BVRLA’s article, which appears in the September issue can be read here:
Leasing brokers driving the shift to vehicle usership
The shift from vehicle ownership to usership continues to pick up pace as an increasing number of businesses and individuals opt to lease or rent vehicles rather than buy outright.
There are many reasons for this shift. Economic uncertainty has instilled a reluctance to make large investments as people choose to keep cash ‘behind the clock’ should cashflow get tight or key investments be needed elsewhere.
Leasing a vehicle not only enables customers to keep more cash in the bank, it also removes risks associated with fluctuating residual values when the vehicle is sold. Who knows what impact Brexit will have on vehicle values if World Trade Organisation tariffs get applied? And what about residual values for electric vehicles? These uncertainties are all contributing factors driving the shift towards the less risky option of leasing, and brokers are at the forefront of this market growth.
Click here to read the article in full.
Members can republish the article on their own channels, attributing the article to the BVRLA.
