2009 has been a very mixed year for our finance partners. Banking mergers and high vehicle depreciation have been the deciding factors that have closed finance companies and inturn this means there is a real shortage of good reliable funding for our clients. During 2008 we had over 16 routes for finance that is number is now at only 9. We are still maintaining a high acceptance rate for of contract hire offers but our customers have needed to supply more information than they had done in the past as the underwriting process tightened up.
To ensure we still have the products, prices and funding options we have spent time making sure we have strong relationships with the best companies. We now offer our first line funding with the two largest leasing companies in the world, namely Leaseplan and ALD automotive.
" The vehicle rental price should not be the only factor that determines which supplier you choose, service, back up, reliability and accountability should also be considered" commented Simon Booth at UK Carline. He added "the industry has gone through a big shake up and the broker market has been massively reduced. Lease plan had a dealer base of 280 during 2009 but now they only work with 92 dealers in the UK, and now ALD only work with 26. This shows the level of client service we give is recognised by the leading companies in our field"