Full-service vehicle leasing or a “full-service lease,” is a hassle-free arrangement where a company (and with Hertz Lease, also an individual) leases a vehicle from a leasing company. Usually, the lease includes a comprehensive package of services beyond just providing the vehicle.
Buyers often think that a full-service lease is more expensive than a traditional lease and do not realize the benefits this type of lease can offer. So what is a full-service leasing, what does it include and what value does it provide?
- Predictable costs: with a full-service lease, you have a fixed monthly payment that covers the vehicle’s lease cost, maintenance, insurance, and often fuel and other services. This predictability makes it easier to budget for vehicle expenses.
- Lower upfront costs: full-service leases typically require a lower upfront payment compared to purchasing a vehicle outright. This can be advantageous for businesses that want to preserve their capital for other investments.
- Maintenance and repairs: maintenance and repair costs are included in the lease, reducing the financial burden and ensuring the vehicle is well-maintained and safe to drive. This can also prevent unexpected, high-cost repair bills.
- Fleet management: businesses that rely on a fleet of vehicles benefit from full-service leasing because it includes fleet management services. Hertz handles administrative tasks, such as registration, licensing, maintenance and even reporting, which can save businesses time and effort.
- Reduced administrative burden: Hertz takes care of administrative tasks, including paperwork, tax compliance, and reporting. This can streamline operations and allow businesses to focus on their core activities.
- Improved cash flow: full-service leasing allows businesses to preserve capital by avoiding large upfront payments and reducing the financial strain of unexpected vehicle expenses.
- Fleet flexibility: full-service leases allow businesses to adjust their fleet size and types of vehicles to meet changing needs without the hassle of selling or disposing of owned vehicles.
- Access to newer vehicles: Hertz provides access to newer and more fuel-efficient vehicles, which can result in lower fuel costs and improved safety features. This can be particularly appealing to businesses looking to maintain a modern and efficient fleet.
- Risk mitigation: full-service leasing can reduce the risks associated with vehicle ownership, such as depreciation, resale value, and the cost of unexpected repairs.
- Fleet efficiency: Hertz has systems in place to optimize fleet usage, reduce its downtime, and ensure vehicles are being used efficiently, which will in turn lead to cost savings.
The list of the perks of full-service leasing is much longer to fit into this article. So do get in touch with Helina Liimets if you want to know more.
www.hertzlease.ee
