Traction Finance provides vehicle leasing, financing, and fleet management services. They have been in business since 2003 and service customers throughout the UK and Ireland. Some key benefits they outline include reducing fleet costs through various funding and operational strategies, offering off-balance sheet funding and flexibility, and providing whole-life cost analysis. They provide case studies of successful partnerships with companies like Coca-Cola, Farrans, and Tayto and highlight endorsements from satisfied customers that praise their customer service.
Fleet Management Services covering the whole operational lifecycle from acquisition to in-life and disposal. Procure and contract management optimization
A shared commitment to a sustainable future | SchneiderSchneider
Across our enterprise, we have been aggressively pursuing a sustainable future for more than 40 years. Some call it sustainability, but we just call it good business.
We further honor these commitments by acting in a socially responsible manner with respect and integrity and giving back to the communities in which we all live and work.
See the full presentation here:
What organizers should know.
For decades, operating leases have been used to acquire capital expenditures without the direct balance sheet implications that affect leverage.
In early 2019, new accounting rules for leases went into effect that bring operating leases onto the balancing sheet.
For decades, operating leases have been a vehicle to acquire assets without the direct balance sheet implications that might affect leverage or even covenant compliance. While most firms are prepared for the new accounting standard, does that equate to a return to traditional debt financing of capital expenditures and an exit of operating leasing as a potential financial solution?
Not so fast.
The primary impact of operating leasing is a more affordable approach to how your company uses assets. in an environment that demands that you stay on the cutting edge of technology and ever-increasing replacement cycles challenge financial managers, operating leases can still be beneficial.
Despite the recent accounting changes, there are still ongoing financial and operational benefits of operating leases worthy of consideration.
Specialist Providers of Effective Infrastructure Solutions in Emerging Markets
RMA Group is a specialist provider of automotive and other infrastructure solutions to clients in more than 30 emerging and post-conflict markets around the world.
Over the last 25 years we have become accomplished in fulfilling the requirements of governments, NGOs, aid organizations, and private sector companies. We also serve the telecom, power generation, mining, construction, engineering, and oil & gas industries with comprehensive solutions to a wide variety of demands.
RMA Group provides innovative and cost effective solutions to our clients through an understanding of their issues – the pressures they face in projects to which they are committed, and the daily demand of on-the-ground needs.
Fleet Management Services covering the whole operational lifecycle from acquisition to in-life and disposal. Procure and contract management optimization
A shared commitment to a sustainable future | SchneiderSchneider
Across our enterprise, we have been aggressively pursuing a sustainable future for more than 40 years. Some call it sustainability, but we just call it good business.
We further honor these commitments by acting in a socially responsible manner with respect and integrity and giving back to the communities in which we all live and work.
See the full presentation here:
What organizers should know.
For decades, operating leases have been used to acquire capital expenditures without the direct balance sheet implications that affect leverage.
In early 2019, new accounting rules for leases went into effect that bring operating leases onto the balancing sheet.
For decades, operating leases have been a vehicle to acquire assets without the direct balance sheet implications that might affect leverage or even covenant compliance. While most firms are prepared for the new accounting standard, does that equate to a return to traditional debt financing of capital expenditures and an exit of operating leasing as a potential financial solution?
Not so fast.
The primary impact of operating leasing is a more affordable approach to how your company uses assets. in an environment that demands that you stay on the cutting edge of technology and ever-increasing replacement cycles challenge financial managers, operating leases can still be beneficial.
Despite the recent accounting changes, there are still ongoing financial and operational benefits of operating leases worthy of consideration.
Specialist Providers of Effective Infrastructure Solutions in Emerging Markets
RMA Group is a specialist provider of automotive and other infrastructure solutions to clients in more than 30 emerging and post-conflict markets around the world.
Over the last 25 years we have become accomplished in fulfilling the requirements of governments, NGOs, aid organizations, and private sector companies. We also serve the telecom, power generation, mining, construction, engineering, and oil & gas industries with comprehensive solutions to a wide variety of demands.
RMA Group provides innovative and cost effective solutions to our clients through an understanding of their issues – the pressures they face in projects to which they are committed, and the daily demand of on-the-ground needs.
Ald Automotive -Car Leasing Company Indiaaldautomotive
ALD Automotive is one of the fleet management and car leasing companies in India. We offer fleet services, commercial vehicle leasing, corporate rental car policy; corporate car hire. Contact us!
Country Wing Auto Mobile Garage & Repairs
As a Your Mechanic, I love what I do and take extreme pride in my workmanship. When you hire me, you can rest assured your car(s) are serviced or repaired correctly the first time. I've worked as a mechanic for over 25 years and am an A.S.E. Certified Master Technician with experience with Asian, Domestic and European auto repair. In addition, I’m a certified specialist in Lexus/Toyota, Nissan/Infiniti and Hybrid vehicles. Finally, I can perform diagnostic and electrical repair with ease. Thank you.
We Will Come To You For
Engine Problems
We Will Come To You For
Starting Problems
We Will Come To You For
Brake Problems
• White smoke coming from exhaust while driving.
• Car engine runs rough on idling.
• Engine backfires on deceleration.
• Engine stalls while driving.
• Engine lacks power on both flat roads and hills.
• High pitch squel coming from car engine.
• Clicking sound only, when trying to start.
• Engine turns over slowly before it starts.
• Car won't start, spinning sound occurs.
• Engine backfires while trying to start
• Grinding sound only when trying to start.
• More problems >>
We come to wherever you are for your rescue! Tell a Friend
Contact Peter
+256 705 577823 +256 775 259917
automobile@countrywinggroup.com
Country Wing Automobile Garage
Kubiiri, Bombo Rd Opposite Yellow Stage
Kampala, Uganda
http://tripwow.tripadvisor.com/tripwow/ta-0835-0ea4-c354?ln
http://countrywinggroup.com/2015/12/13/country-wing-automobile-garage/
Ald Automotive -Car Leasing Company Indiaaldautomotive
ALD Automotive is one of the fleet management and car leasing companies in India. We offer fleet services, commercial vehicle leasing, corporate rental car policy; corporate car hire. Contact us!
Country Wing Auto Mobile Garage & Repairs
As a Your Mechanic, I love what I do and take extreme pride in my workmanship. When you hire me, you can rest assured your car(s) are serviced or repaired correctly the first time. I've worked as a mechanic for over 25 years and am an A.S.E. Certified Master Technician with experience with Asian, Domestic and European auto repair. In addition, I’m a certified specialist in Lexus/Toyota, Nissan/Infiniti and Hybrid vehicles. Finally, I can perform diagnostic and electrical repair with ease. Thank you.
We Will Come To You For
Engine Problems
We Will Come To You For
Starting Problems
We Will Come To You For
Brake Problems
• White smoke coming from exhaust while driving.
• Car engine runs rough on idling.
• Engine backfires on deceleration.
• Engine stalls while driving.
• Engine lacks power on both flat roads and hills.
• High pitch squel coming from car engine.
• Clicking sound only, when trying to start.
• Engine turns over slowly before it starts.
• Car won't start, spinning sound occurs.
• Engine backfires while trying to start
• Grinding sound only when trying to start.
• More problems >>
We come to wherever you are for your rescue! Tell a Friend
Contact Peter
+256 705 577823 +256 775 259917
automobile@countrywinggroup.com
Country Wing Automobile Garage
Kubiiri, Bombo Rd Opposite Yellow Stage
Kampala, Uganda
http://tripwow.tripadvisor.com/tripwow/ta-0835-0ea4-c354?ln
http://countrywinggroup.com/2015/12/13/country-wing-automobile-garage/
Kick-Start Your Profitability
Keep the adventure on the road with Protect Your Ride vehicle protection products. These products allow you to offer your customers added protection and confidence while on the road.
Understanding the distinct culture and needs of the customer base, EFG Powersports brings valuable products and services developed specifically to enhance profitability in these retail environments.
Written performance improvement agenda
Team of diversified skills to take on dealership challenges
Proven track record of quality service and profit-generating products
Provide upsell opportunities
Accelerate revenue growth
Increase PRU and loan volume
Wealth creation portfolio
2. Contents
• Introduction-About usIntroduction-About us
• What we doWhat we do
• Why Contract Hire? The BenefitsWhy Contract Hire? The Benefits
• Contract Hire Vs Hire Purchase (Tax & Vat Benefits)Contract Hire Vs Hire Purchase (Tax & Vat Benefits)
• Reducing Fleet CostsReducing Fleet Costs
• Case Studies- Coca Cola, Farrans, TaytoCase Studies- Coca Cola, Farrans, Tayto
• Whole Life CostsWhole Life Costs
• Sale & Lease BackSale & Lease Back
• EndorsementsEndorsements
• Flexibility at End of ContractFlexibility at End of Contract
• AwardsAwards
• ManufacturersManufacturers
•
•
3. • Trading Since 2003
• Locally Owned Company
• Covering UK & Ireland-Enabling customers to retain Traction as your number one point of
contact
• Maintaining fleet size of approx. 1,000 vehicles
• Specialise in Vehicle Finance & Management
• We source, fund and maintain packages from one vehicle to an entire fleet.
• We offer- Business & Personal Contract Hire, Hire Purchase, Sell New & Used Cars
• Traction exists to develop and maintain your transport fleet at optimum efficiency
Introduction-About Us
4. What we do
• Find cost effective ways to meet your vehicle requirements
• Advise on most fuel efficient cars and reduce company car benefit in
kind
• Increase drivers take home pay without increasing gross salary
• Deal with logistical vehicle management issues
• We commit to finding you the best deals that benefit you, not us.
•
5. Why Contract Hire?
“If it appreciates buy it, if it depreciates lease it!”
• All Inclusive packages available
-Replacement Vehicle, Breakdown
Recovery, Servicing, Tyres, Road Tax
• Off Balance Sheet Funding
• Frees up Cash Flow
• Releases Capital
• Clean Balance Sheet
• Flexible & Funding package available
• Freedom from Risk
• Fixed Costs
• Reduced Administration
• VAT Efficiency
• Flexible Lease Period (6mnths to 4 years)
6. Contract Hire Vs Hire Purchase Tax & VAT
Benefits
●
Hire Purchase ●Contract Hire
• Monthly payment can be offset against taxable
profits therefore reducing the tax a business
pays
• Classified as off balance sheet funding which
provides accounting benefits
• If VAT registered, business can reclaim 100% of
the VAT if used exclusively for business or 50%
of the Finance element VAT if used privately.
●
●
• Because the vehicle is classified as an asset, the
depreciation of the car can be written off against
taxable profits
• If ownership is priority, HP is an extremely cost
effective method of borrowing
• In some instances businesses may be able to claim
tax relief on the interest charged across the
period of the hire purchase contract
Make SMART
choices
7. Reducing Fleet Costs
Main Focus Areas
1.Fleet Funding- Is your funding method efficient?
2.Manufacturer Discounts- Are you offering your staff too much choice?
3.Car Policy
4.Fuel & National Insurance Contribution NIC savings
5.Operational Fleet Model
6.Risk Management
8. Whole Life Cost showing you the full cost of your
fleet
Whole Life Cost (WLC) –There are many elements to running a vehicle and by taking them
all into consideration you are able to make more cost efficient choices for your fleet.
• Monthly Rental – reflecting changes in RFL and CO2 based Capital allowances
• Disallowable VAT – allowing your business to take advantage of the true VAT position
• Fuel costs – in addition to options for fuel and diesel costs, fuel costs can be customised
based on pence per mile
• Employers National Insurance – costs can be included
• Lease rental restriction
• Fleet Administration fee
•
9. Sale & Lease Back A cash injection for your
business
What is sale and lease back?
• Cash injection for your business
• Offers the opportunity to release funds through the sale
of your owned fleet
• Vehicles will be leased back to you releasing valuable
capital for your business to use
• Removes all the associated risk of ownership
• Ability to add additional costs and time saving services
such as maintenance or Fleet Administration
10. Flexibility at the End of Contract
• Contract Extension
Contracts can be extended up to a period of 1 year
• Mileage Adjustment
• Any vehicle running over mileage can be adjusted during the life of the
contract
• We can offer a pooled mileage option on a fleet as a whole
• Provision of short term vehicles while waiting for new vehicles to arrive
11. Case Study 1- An All Ireland Business
Needs an All Ireland Solution
Coca Cola Bottlers Ireland- 350 vehicles.
• Over 16 years of business with Coca Cola demonstrating strength of relationship and high level of trust
• Coca Cola needed a Fleet Company to provide finance in both NI and ROI for all vehicles. Traction were the only
company to tailor a solution to meet their needs
• We work closely with the Coca Cola team advising on all aspects of running their Fleet in the most cost effective manner
• We installed Tracker systems which we feel will make a massive saving to the accident rate and fuel
consumption
• We advise and keep them abreast of developments within the car industry as there are going to be significant changes in
the next 5/10 years
• Traction won the Coca Cola contract through customer care, listening to our customers’ needs and finding
solutions- the core of our business
“It is amazing what your company has helped us achieve in terms of cost savings
and efficiencies. Thank you so much for your ongoing support”
Procurement Manager – Coca–Cola
12. Case Study 2-An All Ireland
Service
What the client asked:
Our client needed economical vans that were reliable, fuel efficient, mobile in an urban environment and come
with first class servicing and backup support.
They also required specific health and safety to satisfy union regulations.
What we delivered:
• By listening to Farrans needs, we found a solution.
• We removed all the stress that comes with the difficult transitional process
• Arranged delivery and registration of the fleet – including tracking device for all vans.
• Ensured fuel usage could be monitored and each vehicle could be located at all times.
• Included safety features in all vans, such as reversing cameras, ensuring every vehicle was
compliant.
• Arranged training sessions to ensure client was confident about the processes we put in place and
both organisations are using these solutions to full advantage in their combined activities.
We have one clear goal – to get your company mobile and agile in the most efficient way possible. Our personnel
is the key element to our company, and by investing in our team and work methods, we can make a real
contribution to the smooth running of your organisation.
13. We are proud to be the trusted supplier of
Tayto Group’s Electric vehicles.
Tayto Group wanted to reduce their carbon footprint in line with their corporate responsibilities.
• January 2014 -Tayto began to reduce their overall group Co2 with adding 3 Electric vehicles to their fleet
• Vehicles are used on a daily basis and normally cover up to 100 miles per day
• They opted for the fully Electric vehicles option which benefited from an ultra-low Co2
• They took advantage of the government eCar grant (OLEV grant) and had charging points installed
at their premises in Tandragee as well as employees properties
• Tayto Group believe the use of electric vehicles within the business has played a vital role in
controlling vehicle expenditure
• Tayto set challenging targets to reduce their fuel spend by 25% in 2014 and they have exceeded
their target- reducing their fuel charges drastically
“We choose to partner with Traction Finance as they like Tayto had a clear strategy on
how they believe the use of Electric vehicles offer a viable solution at controlling costs
and reducing carbon footprint.”
Tayto Group
•
14. Why we are different from our
competitors?
We have built strong relationships with our
customers throughout the years. We are confident
that it is our high standard of customer
service, our varied selection of
services available, but most importantly our
customer loyalty comes from our unique
and strong brand values that we exude
throughout our business and within our close
knitted team. We pride ourselves on being a
business that consistently acts with integrity, we
take a fair and personal approach, we are
humble, experienced experts in our field
and we are honest, reliable and
trustworthy. These core values of our business
reflect our customer’s opinion of us.
15. We appreciate our customers very much, we know
that they are the backbone to our business and
without them, Traction Finance would not exist.
Our customers are what keeps us mobile….
“ I was very impressed with the level of service received by the folks at Traction. Not only did they
do everything they promised in less time than originally estimated, Traction made Hanley
Automation aware of the benefits of how easy it could be to lease vehicles across our business North
& South, taking the pain out of our vehicle procuring process. Their service was well above and
beyond what the group had expected.”
Kenneth Beeton
“In our last 6 years of doing business with Traction, at all times we were given excellent advice on
the process and most importantly, their attitude to customer care is a credit to them and the business
as a whole. We have received an amazing level of service and we would highly recommend any
individual fleet manager to use Traction.”
Gary McAllister
16. “Having dealt with the Traction team for a few years now, we have no hesitation in recommending
them. Their pricing structure is transparent and very competitive, and the level of after service
offered has always been to the highest standard.”
“I was impressed with the high service received. For the first time, we felt like we were dealing with
a car leasing company that wanted us to get the right vehicles to suit our operations– and it worked
out cheaper than expected! From the first meeting we knew we had chosen the right people to look
after our fleet. Professional, courteous and above all they listened to what we were saying. I felt they
were working in our best interests, not just trying to sell us the deal of the moment.”
John Spottiswood
“Traction were extremely professional in sourcing my choice of car. They also took away the hassle
of trying to sell my old car by trading it in. They provided an excellent level of customer service and
were always responsive to any queries.”
Emma Hunt