Vehicle Leasing

Van Fleets - Lease of Buy?

If you are a mdium or learge business operating a fleet of vans or light commercial vehicles sourcing and managing your vehicle fleet can be a real managerial headache. There are many ways to procure and finance a vehicle fleet. Vehicles can be purchased outright or financed via a variety of measures. For medium and larger companies fleet contract hire and leasing is increasingly the most popular form of vehicle fleet management.

The benefits of contract hire and leasing are both managerial and financial.

Vehicle Fleet Management

On the managerial side, contract hire and leasing takes away many of the headaches of sourcing, managing and disposing of company vehicles. These problems are essentially outsourced to experts who know how to source vehicles at the best prices on the best terms. Specialist leasing companies have access to market knowledge about vehicle maintenance and servicing costs, plus market knowledge regarding residual values at the end of a vehicle's life.

The major vehicle leasing companies have access to ready markets when it comes to finding a buyer for used vehicles. Especially those with high mileages.

Vehicle Fleet Finance

On the financial side a contract leasing specialist will be able to offer expert advice on the most financially efficient way of funding a vehicle fleet. Where to source the finance, the best rates available and even the most tax-efficient methods of financing a vehicle fleet.

Taxation legislation in relation to vehicles is constantly changing. Particularly in response to emissions. The capital allowances and incentives for buying low emissions vehicles, especially those emitting less than 100 grammes of CO2 per kilometre, are constantly being updated and improved. Conversely, the penalties for higher emission vehicles, such as higher vehicle excise duties,are increasingly made more onerous. A professional contract and leasing fleet management company will keep fleet operators appraised of the implications of impending legislation.