OPERATING LEASE

OVERVIEW

Owning your vehicle fleet can be time-consuming, risky and expensive in the longer term. Vehicle purchases for new fleet vehicles or replacement cars are capital intensive. What you are buying is an asset that has depreciated the minute you receive it. You are also stuck with the hassles of admin, servicing, insurance and registration.

This is still the norm for tradition-bound organisations or those which are fleet heavy. Many businesses have long ago moved away from this practice using an operating lease to make fleet management simpler.

THINGS TO LOOK OUT FOR

There are a number of things that you need to consider in relation to operating leases on your vehicles. If you cannot answer yes to each of the following, you should consider an alternative solution:

  • Are your vehicle related expenses predictable and simple to maintain?
  • Have you allocated a resource to manage your fleet?
  • Can you guarantee repairs and maintenance on your cars will be performed on time?
  • Is there a direct impact to your business when your vehicles are off the road for servicing and maintenance?
  • Do you have a strategy of disposing of your vehicles that minimise the residual risk and maximise returns when selling your vehicles?

BETTER BUYING OUTCOME

A better buying outcome helps streamline the management of vehicles in the fleet.

  • Smart technology means less time to administer for the business and better service for employees
  • A high service culture delivers greater ease of use
  • Ongoing monitoring reduces chances of significant debits at end of lease
  • Capped admin fees mean no surprises later on

THE DEAL

Supply Clusters has partnered with LeasePLUS to deliver simple operating leases.

Supply Clusters members have access to exclusive benefits including:

  • Capped monthly admin fees
  • Value adds for each new vehicle lease

LeasePLUS customers enjoy:

  • 24/7 access to their own portal to manage their vehicles
  • A full operating lease package taking into account all aspects of running a vehicle.




THE BOTTOM LINE

An operating lease simplifies your vehicle management and scales your bottom line expenses.

  • Owning vehicles outright is capital and time intensive
  • Choosing the right supplier can streamline how you manage your vehicles

You should choose a provider that offers:

  • A 'no surprises' approach for both parties including capped fees
  • Technology that enables managing the lease for employees and employers

FIND OUT MORE

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