Fleet Operations branches into mid-term leasing sector
Fleet Operations has launched a new ‘LightLease’ mid-term vehicle leasing solution in response to growing fleet demand.
Prompted by concerns over the switch to WLTP as well as Brexit uncertainty and a general focus on mobility, fleets are increasingly turning to mid-term leasing to plug the gap between short-term rental and longer-term contract hire.
“We are witnessing a great deal of apprehension and uncertainty around WLTP, with concerns that higher vehicle CO2 figures may lead to an increase in Benefit-in-Kind tax liabilities from 2020,” said Jayne Pett, sales and marketing director, Fleet Operations.
“While it remains unclear as to whether or not tax thresholds will be adjusted, LightLease offers a solution for drivers who are cautious about committing to a longer-term contract hire agreement.”
Fleet Operations’ new LightLease solution enables businesses to lease a broad range of vehicles, from 90 days to 12 months and, according to Pett, can help mobilise employees quickly, while also helping to minimise business costs.
“If it’s not carefully controlled, short-term hire can prove expensive and can result in an unanticipated administrative burden with vehicles being regularly swapped by providers as they hit predetermined mileage or age limits. This burden can include everything from fuel card or telematics management to Benefit-in-Kind tax reporting.
“LightLease offers a strategic, and cost-effective, alternative,” finished Pett.
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