Friday, June 29, 2007
Residual will smell of roses after smoking-ban
FLEET OWNERS are looking forward to improved residual values as a result of the UK smoking ban coming into force this week-end.
With the new legislation in force from 1 July, many company vehicles will be classified as being primarily used for business purposes and smoking will not be allowed in them. This means many fewer ex-fleet cars should be offered for sale with 'smokers' damage'.
"Research we have carried out with buyers shows they place presentation on a par with, if not above, a service history or details of previous ownership," commented BCA's network operations director, Simon Henstock. "And presentation is not just about how the vehicle looks, but how it smells," he added.
"Smoking in a vehicle reduces its value and now fleet managers have an effective means to combat that practice."
DATED: 29.06.07
FEED: AW
With the new legislation in force from 1 July, many company vehicles will be classified as being primarily used for business purposes and smoking will not be allowed in them. This means many fewer ex-fleet cars should be offered for sale with 'smokers' damage'.
"Research we have carried out with buyers shows they place presentation on a par with, if not above, a service history or details of previous ownership," commented BCA's network operations director, Simon Henstock. "And presentation is not just about how the vehicle looks, but how it smells," he added.
"Smoking in a vehicle reduces its value and now fleet managers have an effective means to combat that practice."
DATED: 29.06.07
FEED: AW
