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Lenders expected to return to vehicle finance market in 2011
publication date: Jan 5, 2011
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author/source: Robin Roberts
More banks will return to the vehicle rental and leasing market this year, bringing extra funding to help the industry meet growing demand for rental and contract hire. The BVRLA believes that funders are taking a more positive view of the vehicle finance market, recognising the excellent returns and low risk associated. The association also sees smaller leasing companies working together, using their combined strength and expertise to present a convincing funding case to potential lenders. According to BVRLA chief executive John Lewis, this improved funding outlook for the vehicle rental and leasing industry could not be coming at a better time. "The recovery we expect to continue this year will be a largely credit-less one, with smaller businesses in particular struggling to meet their borrowing requirements. "However, I am confident our members will provide the vehicle finance to ensure this economic growth can continue." |
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