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Is a pool car always an expensive luxury?

By / 6 years ago / Comment / No Comments

Short-term rental versus long-term lease is a debate that will undoubtedly continue to rage in the offices of finance directors and fleet managers for years to come. When considering the pros and cons of each, it is important to remain focused on the key question “what is the safest, easiest and most cost effective way to manage ad hoc employee mobility?”

All too often, it is easy to look at the question from a simple cost perspective over the long term, but it’s only one of three important considerations.

If you’re considering how a small pool fleet or short-term rental might support employee mobility, a good starting point is considering how often (and how quickly) do employees need the vehicles, how are they using them and for what journeys?

It sounds simple enough but sometimes getting the best data, interpreting it correctly and reaching the right conclusions can be more complicated than you think. That’s why Hitachi Capital Vehicle Solutions uses a proven methodology backed up by expert help to guide it’s customers through this potential minefield.

For example, if the majority of journeys made by employees are in and out of a major city with only occasional journeys made to remote sites, short term rental may be the best solution in terms of ease, safety and cost.

However, if only two or three employees are offsite at any one time, a leased pool car option may be a more optimum solution. This will provide all employees with a maintained, serviced, compliant vehicle to travel on company time. This of course, can be supported with short term rental to cover peak demand.

Where employees are frequently travelling between sites on a daily basis, a company car option or Salary Sacrifice Car Scheme might provide a better, more cost effective option for both the employer and employee.

Of course, the certainty by which you can predict future demand is an important factor. Particularly, if you’re considering the commitment to a longer-term lease. That’s why it is important to work with a company you can trust to help you work through all the scenarios. A reputable leasing company will help you do just that. 

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