We are delighted to announce that Traction Finance have been included in the elite FN50 list by Fleet News, detailing the top 50 contract hire and leasing companies according to fleet size in the UK.

Managing Director Paul McGuire, has been involved in the industry since 1998, set up the company in 2003 when it was known as Lease Options.  It has recently re–branded as Traction Finance to reflect the fact that it offers more than leasing and that the company provides mobility solutions for its customers.

“We pride ourselves in offering a highly personal service to clients.  This ensures strong customer retention levels.”

His accountancy background, honesty and integrity are the perfect foundations for his role in the business, in advising clients of the most suitable options for funding, tailored to meet each individual’s needs and requirements.

“We have become increasingly busy in recent years which is an indication of how popular car leasing and our flexi–lease product have become. Our USP is being able to directly fund vehicles in Southern Ireland as well as the UK, this negates the requirements to deal with 2 separate contract hire companies. We saw this opportunity when our largest customer became an all–Ireland business and forced us to provide a bespoke solution to match their requirements.”

Contract hire is the most popular way of hiring a business vehicle with more than half of all new company cars in the UK registered each year funded this way. A vehicle is leased to a company for a period and specified mileage, in return for an initial fee (from 1–6 months) and a subsequent monthly charge. At the end of the contractual period, it is returned to the leasing company.

Traction’s client base is made up of individuals and businesses, across the UK and Ireland.

Traction currently manages more than 1,000 vehicles for a range of clients made up of a portfolio of major companies such as Coca–Cola and individuals who value the flexible service and range of tailored packages that the company offers.

Heart felt values of honesty, hard word & trust
These are what influences everything we do in business and in life.