21 Jul 2016 | 10.00 am
Five Reasons Why Long-Term Vehicle Rental Makes Sense
Only pay for what your company needs
21 Jul 2016 | 10.00 am
Long-term car or van rental is an effective alternative to buying or leasing, writes Jon Jerromes of Europcar Ireland
As the era of recession continues to lift and Ireland is now considered to have one of the fastest-growing economies in the EU, more and more businesses are getting back on track. Business needs are changing and when the time comes to source new cars or vans for your business, there are a range of options to consider. Should fleet vehicles be purchased, leased or rented on a long-term basis?
Nowadays, long-term car or van rental is an effective alternative to buying or leasing. The concept is simple – you get the car or van you want for as long or as short as you need. Outlined below are the top five reasons why long-term vehicle rental is a smart option for your business:
With long-term vehicle rental, your business is not tied to a fixed term commitment. Vehicles can be accessed for as long as they are needed and your business will only pay for the time used. Furthermore vehicle rental enables you to mix and match your vehicle model requirements over time or for a specific occasion. An upgrade or downgrade of vehicle can be arranged whenever needed and particular preferences for latest models or fuel efficient vehicles are easily met by rental companies.
Value for money
Long-term car rental will help you to maximise your investment because you only pay for what your company needs and it rules out any costs associated with an under-utilised fleet. Car rental also enables you to source vehicles without acquiring debt on your balance sheet, not to mention the fact that you don’t carry the cost of depreciation.
Map your rental to seasonal business fluctuations
Long-term rental requirements can be tailored to suit fluctuating levels of business activity throughout the year. Some companies for example might need to increase their number of rented vehicles during the hectic Christmas period and then return to their usual amount once business calms in January. Unlike leasing, adding to or removing vehicles is simple with car rental as there is no need for new capital exposure or finance approval.
Peace of mind
If your business circumstances change unexpectedly, whether financial or otherwise, rented vehicles can be returned without incurring any early return penalties giving you total peace of mind. A sudden drop in revenue, a change of supplier or a bad weather spell might change your vehicle needs temporarily but these unanticipated situations won’t leave you at a financial loss if you are renting.
A team of experts
With vehicle rental you gain access to a team of fleet specialists who know their fleet inside out and are just a phone call away. These individuals are on hand to assist you throughout your rental experience allowing you to get on with the important business of running your company.
• Jon Jerromes is Manager of Business Fleet Services, Europcar Ireland. Europcar employs 220 people at 15 locations across Ireland and its business fleet services enable companies to manage their fleet appropriately through a flexible long term rental solution. Europcar provides scalable vehicle solutions from single vehicle to multi fleet requirements nationwide. Further information about Europcar’s offering can be found at www.europcarfleet.ie.