So, what happened today?

[johnola]

Lease companies are going to be broken by the absence of value of EVs at the end of term. Nobody wants em.

 

[Bedfordspurs]

I think it was the court proceedings on commission payments that's been giving them headaches 2bh. The largest vehicle finance providers have been putting millions aside - the recent decision that brokers did not owe consumers a fiduciary duty of care and were able to act with their own commercial interests in mind caused a sigh of relief but the FCA are considering a limited redress scheme so once that uncertainty is finalised i'm sure that will be their major headache gone. Depreciation is factored into lease repayments and the government grant announced will help in pushing EV deals lower.

Leave market has just seen lease plan brought by Ayvens who are mainly focussed on volume and cheaper fleet cars
They wouldn’t supply my last place with mercy because they had massive backlogs due to their price vs spot pricing so they offered up cars from Stellantis… that went down well