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New car supply improves as fleet and business registrations increase

8th Mar 2023

Fleet and business new car registrations increased by almost 29% in February as supply chain issues eased, according to the Society of Motor Manufacturers and Traders (SMMT).

There were 45,050 new company cars registered to fleet and business in the month, compared to 31,210 units in February 2022.

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Leasing FAQs

Our quick and handy FAQ answers the most common leasing questions we receive from our customers.

Do I own the car?

No. The finance company owns the vehicle; they will be registered keeper of the vehicle.

How long will delivery take?

Delivery times vary dependant on the manufacturer, the offer and the type of deal your looking to take advantage of. If your speccing a car from factory then delivery can vary significantly, from 12 weeks to 6+ months. Stock offers are tyically available within a few weeks of completing your order.

Initial Rental - What is it?

An initial rental is the first rental payment you will make to the finance company. Some people call it a deposit, but it's not. It's typically taken 1-2 weeks after you've taken delivery of your car. This payment is usually a multple of your monthly rental which is typically 1,3,6,9 or 12x the monthly rental. This then adjusts how much you pay every month. The higher the initial rental the lower your ongoing monthly rental and vice versa.

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