Mid-term Vehicle Rentals Gaining in Popularity
According to specialist supplier, Stopgap Mid-term Vehicle Rental, more companies are recognising the financial benefits of mid-term rental vehicles over pool or company cars. The company reported a 37% increase in the total number of mid-term rental days sold in 2004 over the previous year.
Roddy Graham, commercial director of the Leasedrive Group said: "Our experience over the last four years has shown that mid-term vehicle rental is often overlooked. However, there are signs now that companies are beginning to identify the savings to be made from mid-term vehicle rental over more traditional methods of providing temporary transport. Currently, seven of our top ten leasing and daily rental customers regularly use mid-term rental. The average rental length is three months and ex-pat visitors from overseas and new employees on probation account for 90% of our business.
"Once the availability of mid-term vehicle rental is brought to the attention of companies, they jump at the chance for a ready-made solution to cover contingencies as diverse as major accident repair work to the provision of a company car benefit while employees are working their probationary periods.
"What customers do not appreciate is that if you have a rental vehicle for more than 14 days, then you need to report motor insurance and P11D details. Our online registration makes this a virtually invisible process."
Stopgap Mid-Term Vehicle Rental offers a wide range of current models, from superminis to luxury coupés to vans, for corporate vehicle rental days of 28 days or more. Rates are substantially reduced compared to daily rental.
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Leasedrive Velo is the largest independent privately-owned vehicle management group in the UK and comprises two main operating divisions.
Leasedrive Velo Vehicle Management
Working in partnership with fleet managers, or delivering a complete outsourced service, Leasedrive Velo offers blue chip clients a range of bespoke fleet management services. Major investments in the finest asset management system and pioneering, flexible, web-based customer service technology have resulted in Leasedrive Velo offering customers a truly world class fleet management service capability.
Leasedrive Velo Rental Management
One of the largest short-term vehicle rental management companies in the UK, with access to an almost unlimited choice of vehicles and locations throughout the country, Leasedrive Velo Rental Management offers a simple and transparent pricing policy with no hidden surcharges. For rentals of 28 days or more, it offers the Stopgap mid-term vehicle rental solution. Rates are substantially reduced compared to daily rental.
The headquarters for Leasedrive Velo is at hi-tech offices at TRL in Wokingham. Awards won by Leasedrive Velo include 'Innovation in Services and Systems' Energy Saving Trust Fleet Hero 2009 Award, Best Rental System category in the BusinessCar Techies 2009 Awards; the ITM 'Fleet Management Company 08/09' Award; the ITM 'Independent Vehicle Management Company 07/08' Award; the 2008, 2007 and 2006 Thames Valley Business Magazine 'Management Team of the Year' Award; the 2006 Fleet News Award for 'Best Contract Hire/Fleet Management Company'; and the 2006 GreenFleet Award for 'Leasing/Rental Company of the Year'
For further press information on Leasedrive Velo, contact:
Mr Jeremy Snook
JSPR Ltd
Telephone: 01235 227572
Mobile: 07957 867139
E-mail: jeremy.snook@jspr.co.uk
Website: www.jspr.co.uk
