Short-term vehicle leases growing in popularity
Companies are increasingly switching to short-term vehicle leases to improve flexibility and reduce cost pressures, according to Liquid Fleet.
It has reported a growing demand for leasing contracts from six to 18 months rather than more traditional long-term agreements.
Higher fuel prices are also driving the trend, with companies opting for short-term contracts to increase the number of electric vehicles to lower costs.
James Miller, Liquid Fleet sales and marketing director, said: “Companies are looking at cashflow and are not keen to commit to long term contracts, so leasing over a shorter period of time rather than contract hiring over several years makes more sense.
“It gives employers flexibility while those with an ambition for going green can get employees into the latest high mileage plug in hybrids and long range EVs more quickly by not having to wait for long term contracts to end.”
He added:
“It was always going to be a case when end user customers started requesting EVs then our rental broker customers were going to follow suit. We have had a number of requests for batches of EVs which shows confidence in zero emission motoring is growing.”
