FLEET management specialist, CBVC Vehicle Management, is seeing its Re-Lease used car solution grow with company new starters or employees who have opted out of company car schemes.
Offered in partnership with leading leasing company, Arval, which has more than 150,000 vehicles under management in the UK and is part of French international banking group, BNP Paribas, Re-Lease offers 12 or 24 month contracts on a wide array of de-fleeted company cars.
Up to 150 different models may be available at any one time with very attractive rates, often as much as 20% lower than the rate for an equivalent new car, although this does vary from model to model.
Most vehicles, which have been refurbished to a high standard, are in stock, ready for order and can be delivered in a matter of days, once credit terms have been agreed.
Re-Lease cars, which are available on either personal or business contract hire agreements, come complete with breakdown cover, delivery and road fund licence all included in the monthly rental as standard.
As all the vehicles have been owned by Arval from new, they can be accurately described as the classic “one owner” vehicle and have a known provenance, a full service history and a large amount of depreciation has already been paid, allowing very attractive rates to be charged.
Customers have the option of taking the vehicles without maintenance, with a full maintenance package provided by Arval or with Arval’s Total Care package, an insured lease which, on top of complete maintenance support, includes accident management, shortfall protection and glass damage protection cover.
Re-Lease vehicles are typically 24 months old, come fitted with tyres with a minimum tread depth of 3mm, as against the minimum legal standard of 1.6mm, have been serviced in line with manufacturer warranties if less than one month or 1,000 miles away, and are delivered valeted, safety checked and with at least a quarter tank of fuel.
They can be selected on various mileage contracts, starting at 5,000 miles and rising in 5,000 mile increments up to 25,000 miles a year, while up-front deposits can vary from one month through to nine months, depending on the customer’s individual circumstances.
Richard James, Business Development Manager at CBVC responsible for the Re-Lease solution, said: “Rather than dispose of two year old cars through traditional disposal routes, like auctions, we can offer customers a further lease on the vehicles, provided they are in good condition and are typically less than 30,000 miles.
“Because modern vehicles are built to last, they tend to remain in excellent condition.
“The vehicles are offered to business users on business contract hire agreements and individuals on personal contract hire agreements and can be supplied on 12 or 24 month agreements.
“We find that our customers like the flexibility that shorter term contracts provide. Typical customers are companies looking for a short term vehicle for a new starter who has not yet been offered a full contract of employment.
“Or they tend to be former company car drivers who, for whatever reason, have opted out of the company car scheme but want the same level of service and vehicle quality that they previously enjoyed.”
