One of the UK’s leading van leasing companies has launched a new car leasing business in response to high customer demand.
Neath-based Low Cost Vans, which has been leasing vans across the UK for over ten years, has launched a new side of the business; First National Vehicle Solutions, which will lease cars to businesses and individuals across the UK.
Vehicle leasing has seen a sharp increase in popularity recently, rising by 9% between November 2015 and November 2016, according to the Finance & Leasing Association (FLA).
Managing Director of Low Cost Vans, Rod Lloyd commented on why this is the case:
“Our staff at Low Cost Vans kept being asked if we leased cars, so it was clear that there was a gap in the market. I think it’s for a couple of reasons, but essentially, what we’re seeing today is a ‘user chooser’ market.
In the past, companies would have a Fleet Management function or Manager that decided which cars to bulk buy for its employees. But that’s expensive and time consuming so instead, companies now give employees an individual budget to choose the car they want to lease.
Alongside this, there’s the rise of the private leaser. People are moving away from the idea that you have to own a car, or that to get the best value from one you have to drive it into the ground. Just like you buy a new phone and upgrade it in a few years, people want a new, reliable car which they can swap for the latest version when it comes out. And finance options today make that possible; we have new cars to lease for £99 a month.”
First National Vehicle Solutions will use the expertise and infrastructure that Low Cost Vans has developed over its decade in business – the company has established deals with an extensive number of brands including Mercedes Benz, Volvo, Citroen, Peugeot and Audi. It is also the only UK leaser with access to all funding platforms, meaning customers are more likely to find a deal which suits their financial situation.
Additionally, neither Low Cost Vans nor First National Vehicle Solutions charge for vehicle delivery unlike the majority of leasing companies.
First National Vehicle Solutions is based in the same Neath office as Low Cost Vans with a two-man team of Nick Jenkins who has over 15 years’ experience in the motor trade and Mike Churchill Jones who previously worked for Low Cost Vans.
“Since launching we’ve been non-stop. We’ve got some really good deals going due to the established relationships that Low Cost Vans has nurtured which are obviously appealing.”
“The new team is doing a fantastic job. It’s great that our reputation gained via Low Cost Vans has enabled us to do well from the offset. We’re aiming big and planning to have over a thousand cars to lease before long. I think it’s easily achievable.”