If you have any concerns regarding continuing your payments, speak to your finance provider directly. They will be able to discuss your individual situation and requirements with you.
Some finance providers are taking an extended amount of time to answer their phones and respond to emails.
Finance companies are regularly updating their websites with the latest Covid-19 support, information and contact details. For more information, visit your finance provider’s website
ALD Driver Assistance 08000 32 3277 https://www.aldautomotive.com/
Alphabet 0370 5050 135 https://www.alphabet.com/
Arval Driver Helpline 0370 600 4499 https://www.arval.co.uk/
Close Brothers Contract Hire 0161 888 2818 www.close-leasing.co.uk
Hitachi Capital Vehicle Solutions Assistance 0344 463 2900 https://www.hitachicapitalvehiclesolutions.co.uk/
Leaseplan Driveline 0344 493 7644 https://www.leaseplan.com/
Leasys Assistance 03445 614 611 https://www.leasys.com/
Lex Autolease 0344 824 0707 https://www.lexautolease.co.uk/
Mercedes-Benz Financial Services (MBFS) 0370 847 0700 https://www.mbfs.com/
PSA Finance (Peugeot, Citroen, DS, Vauxhall) 0345 313 3805 https://www.psa-finance.co.uk/
Santander Consumer Contract Hire Assistance 0330 134 8751 https://www.santanderconsumer.co.uk/finance-that-fits/car-finance/personal-customers/personal-contract-hire/
Volvo Finance 0800 0851 759 https://www.vfsco.com/en-en/
Volkswagen Financial Services (VWFS – Audi, VW, Skoda, Seat) 0370 010 2022 https://customer.vwfs.co.uk/
Sabre and many companies remain open and will continue to provide the most up-to-date information regarding vehicle orders, and offer help and advice with existing contracts. Teams are working securely and remotely.
Following the Prime Minister’s announcement on Monday 23rd March to announce restrictions to non-essential retail in order to reduce the spread of Covid-19, Sabre anticipates that, in the majority of cases, cars booked or expected for delivery from 24.3.20 to 14.4.20 will not be delivered.
When the situation is clearer or changes, it will provide further updates and arrange deliveries as quickly as possible
Due to the Prime Minister’s announcement on 23rd March to restrict non-essential travel, we anticipate that end-of-contract cars which are due for collection will not be collected from 24.3.20 to 14.4.20
This, again, is for your safety and our suppliers’ safety in respect of social distancing rules.
Sabre recommends maintaining adequate insurance cover for your vehicle until normal collections can be resumed
Any concerns regarding your current lease payment, please contact your finance provider directly as it will be at their discretion
With the restrictions on deliveries of new vehicles, you may want to continue using your existing vehicle. You can still use your current vehicle, provided it is insured, and your finance provider will make a pro-rated charge. This solution means there is no initial rental to outlay for a new vehicle at this time.
Leasing companies can also advise you on the possibility of formally extending your contract so get in touch with the finance provider.
Sabre says you can sill browse its website, speak to its team and order online and over the phone, document administration is via email or online portal. While the company still has stock vehicles and the ability to place factory orders, however, at this time, it is unable to confirm delivery timescales.
Sabre Motors suggest the earlier the better in these uncertain times. Manufacturer factories have closed and most new car orders have been delayed so it is likely to delay the delivery of cars from the factories initially. The sooner you start the process the sooner you production slot is confirmed. You can delay delivery but it will be difficult to move delivery forward. Talk to Sabre Motors to see how we can help
Fleets should consider asking their leasing company for informal or formal vehicle contract extensions, rather than returning vehicles at the end of contract and replacing them. The leasing companies are ready to offer support to both their business and personal clients
An informal extension would only apply to vehicles coming to the end of their contract. These vehicles may be extended on a month-by-month basis while the crisis lasts. This delivers flexibility at the current lease and maintenance cost, without any disruption for drivers.
For businesses able to commit short term, formal extensions of typically 6 or 12 months should be considered. This provides ongoing monthly budgeted costs for both finance and maintenance costs.
Consider keeping vehicles registered before April 6th that impact less on both Benefit in Kind tax for drivers and Class 1 NIC costs for the business. Also, remember that vehicles with less than 110g/km of CO2 are not affected by the lease rental restriction, meaning 100% of their leasing costs can be offset. Your fleet management provider will be happy to discuss these points in more detail.
There may be major savings to be had from re-writing contracts based on accurate actual mileages for each driver. This is particularly relevant to fleets still writing contracts on benchmark parameters.
Take, for example, a typical 36 month/20,000 mile per annum contract where drivers may only be driving 10,000 miles a year. By reducing the contract mileage to 10,000 miles per annum, this will result in lower costs to the leasing company, meaning lower rentals and maintenance costs to their clients.
During lockdown, most vehicles will be off the road, meaning this year’s mileage may be even further reduced.
Businesses, or their suppliers, should identify those under-mileage drivers and the contracts that can be re-written, as the savings can be considerable. This applies even in a pooled mileage situation where contracts can be rewritten to reduce any overall surplus in fleet mileage. If in doubt, talk to you fleet management provider or leasing company.
Early terminations incur a penalty charge so should be avoided if at all possible. If no other solution can be found, return vehicles close to the end of their contracts to minimise the charges. Investigate, if possible, re-allocating or swapping vehicles to different parts of the business, or between drivers, to avoid these potentially punitive charges.
Sabre Motor Company Ltd trades under licence as and introduces business to Platinum Funding which is a trading name of the Bridle Group a division of Hanborough Enterprises Ltd. Sabre Motor Company Ltd is an Appointed Representative (Firm Reference Number 840458) of Hanborough Enterprises Ltd (Firm Reference Number 631448) who is authorised and regulated by the Financial Conduct Authority for consumer credit activities and insurance distribution. You can check this on the FCA Register by visiting www.fca.org.uk or by contacting the FCA direct on 0300 500 8082. We are an independent vehicle finance broker and we operate with a panel of carefully selected funders. We may receive commission and/or other benefits from the finance provider if you enter into an agreement with them. Sabre Motor Company Ltd is a company registered in England no 08206143 and their registered office and trading address is Performance House, Penarth Road, Cardiff, South Glamorgan CF11 8UQ. Vat no 184 8625 68. Data Protection Licence ZA124319. Hanborough Enterprises Ltd trading as Platinum Funding operate from Tamarisk House, North Leigh Business Park, North Leigh, Witney, Oxfordshire OX29 6SW. Hanborough Enterprises Ltd is a company registered in England no 07216831 and their registered office Jamesons House, Compton Way, Witney OX29 6SW. Vat no 110 3005 02. Data Protection Licence Z264186X. Finance is subject to status. Pictures are for illustration only and may not be the exact model. Calls may be recorded for training and monitoring purposes. E&OE
Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.
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