Used vehicle leasing solution scores interest from opt-out drivers
CBVC Vehicle Management has reported increasing interest in its Re-Lease used car solution, especially with company new starters or employees who have opted out of company car schemes.
Launched some eight months ago and offered in partnership with Arval, Re-Lease offers 12 or 24-month contracts on a wide array of de-fleeted company cars from the leasing giant. In total, up to 150 different may be available at any one time with rates often as much as 20% lower than the rate for an equivalent new car, according to the firms.
Re-Lease vehicles are typically 24 months old, come fitted with tyres with a minimum tread depth of 3mm, and can be run on various mileage contracts, starting at 5,000 miles and rising in 5,000 mile increments up to 25,000 miles per annum, while up-front deposits can vary from one month through to nine months. Customers have the option of taking the vehicles without maintenance, with a full maintenance package provided by Arval or with Arval’s Total Care package, an insured lease which, on top of complete maintenance support, includes accident management, gap insurance and glass damage protection cover.
The vehicles are offered to business users on business contract hire agreements and individuals on personal contract hire agreements and can be supplied on 12 or 24-month agreements.
According to Richard James, business development manager at CBVC, customers appreciate the flexibility that the shorter-term contracts provide.
He added: “Typical customers are companies looking for a short term vehicle for a new starter who has not yet been offered a full contract of employment.
“Or they tend to be former company car drivers who, for whatever reason, have opted out of the company car scheme but want the same level of service and vehicle quality that they previously enjoyed.
“Makes vary right across the spectrum from small cars to executive and luxury brands, and we have models to suit most budgets and most tastes,” he continued.