Financing your fleet
Different fleets, different solutions
There are different ways to finance your fleet, you can buy vehicles outright and manage them yourself or opt for a form of leasing which will provide you time and resources to focus on your core business. Below you can find an overview of the different financing options. LeasePlan is dedicated to helping you find the right solution for your company’s fleet strategy and budget.
Buy | Management only | Financial lease | Operational lease | |
|---|---|---|---|---|
Company resources / money | Company funds the vehicles with company money (or bank loan) | Company funds the vehicles with company money (or bank loan) | Fleet management company funds the vehicles | Fleet management company funds the vehicles |
Company resources / people | Company employee manages fleet services (ordering and managing vehicles, fuel, taxations, drivers) | Fleet management company manages fleet services (ordering and managing vehicles, fuel, taxations, drivers) | Company employee manages fleet services (ordering and managing vehicles, fuel, taxations, drivers) | Fleet management company manages fleet services (ordering and managing vehicles, fuel, taxations, drivers) |
Commitment | Long term commitment as vehicles are owned by the company | Long term commitment as vehicles are owned by the company | Contracts are 3 to 4 years on average | Contracts are 3 to 4 years on average, with options to extend or flexible terms |
Risk acceptance | Company takes on residual value risk | Company takes on residual value risk | Fleet management company takes on residual value risk | Fleet management company takes on residual value risk |
Level of support | No support to finance vehicles or provide fleet services | Only support for fleet services, no support financing vehicles | No support for fleet services, only for financing vehicles | Different levels of fleet outsourcing are available |
Benefits of operational leasing
- Minimise risk
- Reduce hassle
- Lower costs
In a global context of great uncertainty and changing market conditions, LeasePlan responded objectively in their communications and in products and solutions, contributing to business continuity. The information on measures and procedures, as well as the proposal for solutions for renewing ongoing contracts, was made available efficiently and quickly. The time saved and the opportunities provided are invaluable.
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