Flexibility of short-term leases favoured by fleets
Fleets are turning to short-term leases to provide financial flexibility in a changing economic environment.
According to Liquid Fleet, there has been a surge in corporations moving employees to six, nine and 12-month lease agreements rather than commit to longer term contract hire arrangements.
Key areas where short-term leases are proving popular are for new staff on probation and pool car fleets.
James Miller, Liquid Fleet sales and marketing director, said: “Many corporates we speak to want to keep their vehicles off their balance sheet to free up working capital while maintaining flexibility to cope with the current variable trading conditions. They want to be able to respond to a rise or fall in company revenues as they juggle coping with the modest economic growth predictions for 2026.
“Short-term leasing gives companies that flexibility without the need for an initial deposit whilst avoiding a depreciation risk. The company’s only responsibility is to ensure drivers get their vehicles serviced in line with manufacturer guidelines.
