An ‘Operating Lease’ is effectively a long-term rental. Under an ‘Operating Lease,’ the vehicle is rented for a fixed term and kilometer limit and usually lasts from 1-5 years. At the end of the lease, the company leasing the vehicle can simply hand it back at the end of the prescribed lease term.
An ‘Fully Maintained Operating Lease’ is a risk-free arrangement that allows you to combine registration, insurance, tyres, scheduled servicing and maintenance into one convenient monthly payment. Payment options can be tailored to the customer specific needs.
Getting an ‘Operating Lease’ is really simple, just choose the vehicle that’s best for your business, decide the lease term and nominate how many kilometres you’re likely to travel each year. Simply hand the vehicle back when you’re done!
An ‘Operating Lease’ gives you full use of a vehicle without having to shoulder the depreciation or maintenance risks. It also frees up your cash flow, letting you get on with running your business, free from distractions like insurance, tolls and registration.
An ‘Operating Lease’ is an ideal arrangement if you do not wish to purchase the vehicle, and normally includes:
- Fuel Card
- Tolls and fines
- Roadside assistance
- Fleet reporting