We’ve already discussed in our articles about how you can utilise car subscriptions for Expats coming to the UK to work for companies, but have you considered using a vehicle subscription as an alternative to purchasing or leasing? In this article we will cover how easy it is to expand and scale your fleet with ease.
For businesses, managing a fleet can be extremely time consuming and costly. Bringing in new vehicles for new-start employees only for them to depart a few months into their role or additional vehicles to cover major work projects.
The usual channel to expand a vehicle fleet is through purchasing or leasing, but have you considered a car subscription?
Buying a Fleet Vehicle
Whether you outright purchase a vehicle or finance it via a HP agreement, it requires a large sum of money upfront along with a huge risk of depreciation. On top of that you need to keep on top of the taxing, maintenance and any recalls the vehicle has to keep it on the road. With the recent drop in Electric Vehicle values, its purchasing really the right option?
Leasing a Fleet Vehicle
Whulst leasing is a much more affordable option vs. outright purchase, long-term commitments of usually 2, 3 or 4 years can be risky if the vehicle goes over the contracted mileage or the employee leaves mid-terms. Whilst leasing can have advantages, especially when it comes to depreciation, early termination charges or storage charges can eat in to any savings.
Use Vehicle Subscriptions for your fleet
A vehicle subscription offers so many advantages for fleet managers and their vehicles, benefits include:
No Long-Term Commitment
Subscribe to a vehicle from most of the car subscription providers from 1-month and run on a rolling month-to-month basis until you need to send it back. Some companies only charge you for the time in the car, others bill you based on a block month. With no multi-year contacts they are great for flexible car contracts.
Fixed Cost Motoring
The whole point of a vehicle subscription is to pay one payment that covers all of the essentials including rental, maintenance, servicing, road tax, breakdown assistance and in some cases warranty. This helps prevent any of those unexpected costs.
Refreshed Fleet of Vehicles
By utilising a car subscription, it gives you access to a wide range of brand new vehicles with up-to-date technology including Apple CarPlay, Satellite Navigation and safety features such as lane assist.
Plus as the vehicles are newer, the chances of additional maintenance or breakdown issues should be a thing of the past.
Easy upgrades and Swaps
Vehicle subscriptions allow you to easily change your vehicles based on a users needs and requirements, something you cannot do with traditional car leasing.
Staff incentives is also another great reason to use a subscription, for example, you could provide your top sales person with a nicer car for the summer months.
Streamline processes and administration
Administration time when managing a fleet of vehicles can prove a nightmare, with a car subscription this can be cut back dramtically especially for those vehicle subscription providers that offer dedicated teams to help and one invoice for multiple vehicles.
By utilising vehicle subscriptions for your company fleet, you could save both time and money versus traditional ownership and leasing. Those that offer dedicated business teams can help you with administration and processes to expand your fleet with ease and without the headaches.
Use the car subscription website to compare the various providers in the UK.