Leasing is on the increase
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WHILE CASH FLOW is undoubtedly an issue for companies looking to reflect, finance providers are clashing over whether rental or leasing is proving more popular with operators.
GE Capital Solutions is claiming that increasing numbers of operators are turning to leasing because credit restrictions have put pressure on alternative procurement methods. However, rental company Northgate says it is seeing evidence that companies are tending to shy away from long-term leasing agreements and are preferring the flexibility of the rental market.
The firm reveals that its recessionary sale and rentback offer has so far converted 1,000 vehicles, with its contract-free option proving the most popular in the SME sector.