RATIONALE - Funding Your Own Car
FUNDING YOUR OWN CAR - Use the experts
A wide range of low priced new and “nearly-new” vehicles – Leasing Options Fleet
Management buys directly from the manufacturer – and has access to over 60 manufacturers.
Leasing Options Fleet Management pricing is done directly with the manufacturer,
using the combined purchasing power of our finance houses secures enormous economies
of scale, allowing us to negotiate extremely competitive discounts on new and nearly
new ( up to 11 months old) vehicles. Together our finance houses purchase millions
of pounds worth of new vehicles every year.
Leasing Options Fleet Management is also able to secure lower prices on maintenance,
servicing, tyres, parts, roadside rescue etc., all the discounts are passed on to
the drivers.
CORPORATE FUNDING RATES - Rates for companies and car allowance drivers
The vehicle finance market has become a “minefield”. It is very difficult to know
which funder is best for which vehicle. As part of the benefit in using Leasing
Options Fleet Management you have access to the UK’s largest finance houses and
preferential finance rates. The corporate finance rates were always available to
companies, plc’c etc
Leasing Options Fleet Management is able to offer employees with a car allowance
the same corporate discounts (subject to status) as fleet buyers of Plc's are Limited
companies.
Leasing Options Fleet Management can also arrange "Guaranteed Buy-Back’s” on many
vehicles to avoid any future disposal worries.
CHOOSING YOUR FUNDING METHOD - Complete peace of mind
Leasing Options Fleet Management arrange a variety of different cost effective financing
methods depending on whether drivers want to purchase, lease, hire or a combination
of all.
Leasing Options Fleet Management will also arrange maintenance, Road Fund Licence,
Road Side Rescue Cover, motor and GAP Insurance, which covers redundancy, sickness
or accident. Plus support services to compliment your finance options.
Leasing Options Fleet Management has facilities available to do no - deposit (although
this will reduce monthly payments).
IMPARTIAL GUIDANCE & ADVICE
Leasing Options Fleet Management arrange a variety of different cost effective financing
methods depending on whether drivers want to purchase, lease, hire or a combination.
Leasing Options Fleet Management will also arrange maintenance, Road Fund Licence,
Road Side Rescue Cover, motor and GAP Insurance, which covers redundancy, sickness
or accident. Plus support services to compliment your finance options.
Leasing Options Fleet Management has facilities available to do no - deposit (although
this will reduce monthly payments).
One of the unpredictable aspects of running a car is servicing and maintenance expenditure.
A comprehensive manufacturer’s maintenance package can be arranged for your chosen
car.
The services are carried out at any main franchise in the UK, courtesy cars are
arranged locally as some drivers do not require a courtesy car, approval is authorized,
the work is carried out and the driver signs for the work and drives away, the cost
is all covered by the maintenance agreement.
Contract maintenance allows drivers to spread the cost of maintaining the vehicle
over the contract period through regular fixed monthly payments. The maintenance
package includes servicing, maintenance, replacement tyres, batteries and exhausts,
road fund licence, road side rescue, MOT, and extended warranties where drivers
exceed the manufacturer’s standard warranty for the life of the contract.
This facility is particularly attractive to ex-company car drivers, who are familiar
with the benefits of a "hassle-free" - fully maintained car.
ROAD TAX (RFL - Road Fund Licence)
With new vehicles, the Road Fund Licence for the first year is included. However,
dependent on the financing method you choose the RFL to be included for subsequent
years of your agreement.
Using a car for business travel does expose drivers to additional risk, if only
because of higher miles travelled. Most insurance policies only cover domestic and
social use, some of the additional issues that will need to be covered are:
- Comprehensive
- Business Use Class 1 (Owner-driver)
- Business Use Class 2 (Any other driver) - optional
- Samples, Tools and Goods (if not covered by your employer)
- New for Old Cover
- Social & Domestic Use
- Carriage of Passengers (Not fare paying)
- Replacement Car
- 12 points plus
- Foreign use cover
It is recognised that many company car drivers may not have their own car insurance
policy and No Claims Bonus. As a member of a properly designed company car allowance
scheme, your employer can arrange for you to be given a letter confirming your driver
history for the last two-five years, which should secure you a level of No Claims
Bonus discount. In addition, by using one of Leasing Options Fleet Management approved
insurance brokers, you may be able to enjoy the benefit of corporate insurance rates,
at least for the first year.
Drivers have the option to take out cover on their monthly finance payments. This
can include cover for redundancy, resignation, sickness, disability or accident.
Cover can also extend to pregnancy. Details are available on request from Leasing
Options Fleet Management.
For more information: e-mail info@lofm.co.uk
or call us on 0161 703 2173