THE leasing broker sector is one of the BVRLA’s biggest success stories.

In just over five years, the number of BVRLA leasing brokers has increased from 11 to around 200.

Much of that growth can be attributed to two key drivers. Firstly, there’s the need to get a better understanding of the Financial Conduct Authority (FCA) and demonstrate compliance with its new consumer credit regime.

Secondly, there’s a desire to work collaboratively to raise standards and share best practice. This improves customer satisfaction and raises confidence in the sector.

Demonstrating that you are part of a proactive trade association and adhere to a mandatory code of conduct and a conciliation service provides an added level of quality assurance. It’s a fact that customers seek out reputable companies rather than unknown entities.

Not only are there more leasing broker members, but they are each doing more business. The BVRLA’s latest research revealed that combined broker volumes for car and van leasing grew to 161,775 units in 2014 – up 20% on 2013 volumes.