Stagecoach North East

[Southernsofty]

RE: Stagecoach North East

(07/11/2012 23:52)mbonwick Wrote:  I'm not really sure on any of this, so I'm open to correction;

The 'old' reg stuff (V/X/Y and 10.5m 51 reg Tridents) have always been owned.
9.9m 51 reg Tridents and newer were taken on Hire Purchase by Macquarie to finance the purchase (hence some 52 regs being 'sold' when their financial difficulties started).
The Hire-Purchase on the 51 regs was shorter than everything else (lower value), and has already been paid off. I think the same is true for the 52 regs.
I'm not sure what length of H-P agreement is on the 03 regs and newer, so can't say when they'll be 'owned'. However, if its 7 years (a contract cycle plus extension), then 2013/4 is when they'll start being paid off.

I've no idea on the darts, but would suggest they're already owned due to being worth less from the start.

As I said before, I'm not sure on any of this, I'm just going on what I've heard. That and the fact that when the Citaro artics went onto disposal, they had a note that they were to be returned off lease. Also, they only spent 1 period on disposal - the 52 reg Tridents have spent 2 so far....

Many thanks for the detailed info on this subject.
One last question if I may, I seem to remember reading somewhere that Stagecoach usual financial model in terms of new vehicle acquisition (outside of London) was some form of HP (or whatever the current lease terminology is), is this still the case, and if so what are the time periods?
Many thanks - Surreyman.