Potential Finance Group’s plans for strong future trading
prospects in the vehicle rental market are a reality, after its
light commercial vehicle rental business, Potential Vehicle Hire
reported significant growth over the last six months.
Furthermore, the hire purchase and leasing company announced
that loan advances at its vehicle and asset finance brokerage
division, Potential Asset Finance, increased by 60 per cent
year-on-year. The brokerage business placed £1m in March
2008.
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The company said in a statement: “With the trend continuing to
move towards vehicle ‘usership’ rather than ownership, we believe
that the UK is following the U.S. model, where around one third of
commercial vehicles are rented.
“Our target market is a substantial one, with around three
million UK users in total, 90 percent of whom currently purchase
their vehicles.”
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