Mike Bailey, CAVA Finance 0161 222 9599
Coach, Minibus/Coach Finance

Cast your mind back a few years or so and hybrid and electric vehicles were still relatively uncommon. However, recent reports support the prediction that by 2040 electric vehicles will dominate the market. Bloomberg New Energy Finance estimates that more than 80% of sales of new buses and around 60% of sales of light commercial vehicles will be for electric options by 2040.

 

Even the iconic London double decker bus is going electric, with 100 electric buses joining fleets in the Capital from Chinese EV manufacturer BYD alongside the Optare Metrodecker buses which are in operation. This sees the UK further expanding it’s zero emissions public transport vehicles.

 

The shift in the market to electrification is progressing rapidly with operators such as National Express jumping on board and purchasing from busmakers ADL. There doesn’t seem to be any sign of the market slowing thanks to a combination of both public demand for cleaner and greener travel options and the increased productivity which EVs provide. 

 

The Department for Environment, Food & Rural Affairs have released figures highlighting that currently 13% of nitrogen dioxide levels in our environment are a result of buses, compared to 62% from cars and taxis.

 

Whilst emissions from buses and coaches are already lower, the public transport and service bus industry have an important role to play in providing cleaner travel options to reduce emissions and improve air quality.

 

With operators increasingly conscious of emissions charges and the environmental impact of their vehicles, it is refreshing to see this shift. It’s an interesting time for the automotive industry as a whole and CAVA is looking forward to assisting both existing and new clients in their electrical vehicle journeys.

 

If you’re considering a new vehicle and want to find out more about electrical options, please don’t hesitate to get in touch an I can introduce you to a trusted supplier and assist with finance requirements.



Our article is also featured in Bus & Coach Buyer in both print and digital format. Take a look here

0

Coach, Commercial, Minibus/Coach Finance

Ford have been hitting headlines recently with their pledge to create a fully electric Ford Transit by 2021. This is part of a wider development push for all Ford models, from Fiesta to Transit to be electrified in three years’ time.

2021 is still a long way off but fear not, Ford have been working hard to create an updated version of its large Transit van, with the new design teased at the IAA Commercial Vehicles Show in Hanover in September last year.

Although its not all new, there’s been changes made both outside and in, with options for a new engine and gearbox. It’s a definite upgrade from the existing model, with several technical changes revealed for the upgrade.

Ford’s new model will be more economic with fuel consumption, more powerful with a 185hp engine Minibuses are only available in 130ps and 170ps versions and uses a built in 4G modem providing improved connectivity to aid fleet management. The face lift which will give you a new dashboard from the Tourneo, different grille and some other minor changes. There’s also a new  ‘Limited’ High Specification version.

That’s just the inside, the van’s face lift has seen improvements to storage space within the van itself, making it an ideal option for transporting goods or tools or alternatively using as a personal service vehicle.

The newly introduced ‘Limited’ specification is a first for the full sized Transit line and mirrors that found on other Ford commercial products by offering a higher level of standard equipment to help the vehicle stand out from the crowd; 

Most noticeably, Bi-Xenon projector headlamps provide a significant boost to night-time visibility and feature Ford’s new LED daytime running light signature design which couples with the body coloured front bumper to give a premium look. Elsewhere the driver will be sure to notice the upgraded instrument cluster display and experience the benefits of a high power 170ps engine variant (which becomes a mandatory option at this level) that grants added flexibility across the rev range and aids progress when using the vehicle on challenging gradients, when fully laden or whilst towing.

Based on industry feedback, it’s clear that both driver and passenger expectations are rising year by year, and as such highly equipped versions of the Transit minibus will surely be more desirable come resale time – commanding higher residual values giving a proportional return on investment that makes choosing the Limited specification easier to justify. Regardless of specification or body variant chosen, the Mk8 Transit MCA Minibus offers the very best in it’s class. Take a look at the concept image below for an idea of the new design.


Transit

It’s likely to remain one of the best-selling commercial vehicles in the UK. With that said, David Fishwick Minibus Sales, whom CAVA have used as a trusted supplier for several years, have been working hard to convert and modify a range of their available Passenger Carrying Vehicles to suit the needs of the owner. Their most popular variation is an upgraded Ford Transit Mk8, which is ideally suited for PSV operation, with 10-17 passenger seat options available.

Fishwick’s have a wealth of experience and cater for everyone, offering wheelchair accessible and luxury conversions on many vehicles. Their quick turnaround and variety of stock are just two of the reasons CAVA works with the well-established company.

Ford paused production of their Transit in early Summer last year. Older 2.2L engines in a Transit wouldn’t support automatic breaking which is now mandatory on new minibuses, Ford’s updates bring them in line with new safety and EUROVI Emissions requirements.

The re-launch will be announced at the Commercial Vehicle Show, which runs from the 30th of April to the 2nd of May at the NEC in Birmingham. If you’d like to pre-order, contact CAVA today and we can discuss your requirements.

0

Coach, Commercial, Minibus/Coach Finance

If you head to the website of one of the larger vehicle finance companies (you know the kind you see those repetitive adverts for, on TV?) then the first thing you’re faced with is a finance calculator.

 

You might have noticed that we don’t have a finance calculator on our website. That’s not because our website isn’t as fancy or that we didn’t know how to create one. It’s because, whilst you might want a quick answer to see what you could realistically afford, it’s not as simple as punching in a few numbers on a computer.

 

We read an article recently which highlighted that the UK had seen a surge in demand for online finance. FICO, a software firm who conducted the research discovered some quite alarming figures. 50% of UK consumers considered just one lender during an online application for a car loan and a further 86% said they’d prefer to accept an instant loan offer to avoid the paperwork or having to deal with a lender.

 

We’re not trying to pull the wool over your eyes, if you work with CAVA there will be paperwork involved, there’s compliance to adhere to and of course we are working with you as our top priority. Whilst the figures above related to car finance specifically, it’s concerning to think of the amount of people who may have chosen a car deal out of ease, rather than because it was the best deal.

 

It’s even more worrying to think that if people are only considering one deal for their car, then the likelihood is they’re doing the same when it comes to vehicles used for their business. Figures from the British Vehicle Rental and Leasing Association have highlighted that company car and van fleet leasing has grown by 6.6% year on year.

 

So, there’s a clear demand for finance of vehicles used for business, which is what we specialise in, from taxis to coaches and commercial vans. CAVA have access to ‘whole of market’, working repeatedly with trusted lenders to secure the most reasonable deals possible for our clients, both new and returning.

 

We want to highlight that the reason we don’t shout about APR rates and how low your repayments could be, isn’t because we can’t compete with the big guns, but because we provide such a bespoke service. We enjoy getting to know our clients on a personal level, discovering more about their business and where it’s heading and offering our advice.

 

Aside from our own expert advice, stemming from Mike’s 35 years of experience in the finance industry, we are also able to put our customers in touch with trusted specialists such as David Fishwick Minibus Sales or Clive Knight Commercials.

 

Their advice is second to none, they can help you to find the most suitable vehicle for your requirements. Whether it’s a 17 seat luxury minbus or minicoach or a van with specific height and length requirements, they will assist in sourcing a vehicle. CAVA will do the rest!

 

Ultimately, we wanted to let you know that we’re not ignoring changes in the industry or the way people find finance, but we are, as we always have been, going to remain a customer focused company. That means we’ll take the time to find you the right deal, talk to you and possibly even meet with you, because you can’t put a price on that. 

0

Coach, Minibus/Coach Finance, Taxis

CAVA recently travelled to Sheffield to meet with returning customers, Northern Travel. We’ve worked with business partners and brothers Zarar and Vaze since last year.

Mike visited recently to sign off their new Mercedes Sprinter, a 17 seat mini bus which the company will use to expand their fleet. The reputable family run Sheffield based travel company have been providing transport for more than 17 years. Their biggest coach caters for 44 passengers!

Last year we helped the company to secure finance for a Mercedes Toro 33 seater coach. The new Sprinter will be a welcome addition to their fleet and will allow the company to continue to expand and offer travel hire for every occasion.

We look forward to working with Northern Travel again in the future!

0

Coach, Taxis

We were introduced to A&A Travel (Sussex) Ltd back in 2016 by EVM in Crawley. Since getting to know the travel company, we’ve worked together five times despite never meeting!

A&A directors Martin and Nick Young have finance brokers much closer to home but would prefer to continue working with CAVA despite the distance – a true testament to the way we do business.

Recently A&A were at Goodwood, getting customers there in style and showing off their 33 seater, high spec Mercedes Turas coach.

0

Coach

Guest Automotive Ltd  t/a Central Garage, Todmorden

 

Directors David and Adele Guest were referred to CAVA Finance by David Fishwick Minibus Sales in April 2017 to finance their purchase of a 2003 Mercedes Vario 33 seat coach. As ever CAVA came up with the goods, and David and Adele were delighted with our service.

 

Since this purchase, their business has gone from strength to strength with the coach being used for a number of school runs, and referred business from other coach operators.

 

Take a look at the new coach below, complete with the company’s branding. We look forward to working with David and Adele again in the future!

Central Garage
You can visit the company’s website here.

0

Coach

Comfort Coaches Ltd were referred to us by another coach operator in March 2017. We arranged finance for them to purchase a Mercedes 29 seat coach. They were very happy with our service, and returned to us in July 2017 to purchase a Mercedes Benz Sprinter 19 seat minibus.

Comfort Coaches 

“We are very happy with the fast, efficient service provided and CAVA met all our expectations.

We would most definitely recommend CAVA Finance to other businesses and have already started doing so.”

Read their full testimonial here.

We look forward to working with Comfort Coaches again in the future!

0

NO OLD POSTSPage 2 of 2NEXT POSTS