With rental differences fluctuating almost daily, in some cases in excess of £80 per month, for exactly the same contract from a cross-section of different leasing companies, fleet operators who rely on just one leasing supplier now face a difficult position to reconcile – how to secure the best price every time they need to order a new vehicle contract?

What’s the answer to this conundrum? One solution could be market evaluation. Put simply it’s a tool which can be used to select the most cost effective leasing rates and help contain, if not reduce, the cost of running your companies vehicle fleet.

The principle of market evaluation is simple – save your company money on its vehicle fleet running costs by only ordering the most cost effective vehicle contracts from a panel of different leasing companies.

The number of different leasing companies and sheer volume of quotations available to any company running a vehicle fleet in the UK today can seem bewildering. They all cite different “deals”, and profess to offer the most competitive rates for the same vehicle contract, but the difference between their rates is now wider than ever!

Part of the reason for this is that lots of leasing companies are under severe pressure to maintain competitive whilst tackling falling residual values and, in some cases, have experienced difficulty obtaining large-scale credit finance as a result of the credit crunch.

Furthermore, without checking the “small print” it can often prove difficult to decipher the different quote formats and be certain that all the quotes you have are produced on the same basis i.e. the same payment profile, terminal contract mileage, vehicle specification, etc.

By using a combination of different leasing companies for fleet vehicles, rather just relying upon one single supplier, fleet operators can be sure that they’ve secured the best market rate on every requirement, every time, and can feel safe in the knowledge that they’ve minimised their exposure to excessive price increases and fiscal fluctuation.

Where leasing companies enjoy sole supply, and there is no comparison of their rates against competitors, prices may start to increase and, over a period of time, fleet operators could find themselves “paying over the odds”. Market evaluation injects competition and, ultimately, ensures it’s the customer who benefits not the leasing company.

Surely with the raft of different leasing companies in the market the task of obtaining quotes, ensuring they’re all produced on the correct terms and comparing them all every time a new, or replacement, vehicle is required is a huge task?

And the bigger your fleet, the bigger the problem, right? No, wrong. It could be if you were to do all the work yourself, but by using the services of a fleet management company, or a leasing company, they do all the “running around” so you don’t have to.

Often they provide their services to the customer free of charge as they get paid by the leasing companies and, more often than not, they can secure cheaper rates than the same leasing company direct, ensuring you have only one point of contact but access to some of the best rates in the market. You win every time!

At Multileasing, as a fleet management company, market evaluation goes that bit further. In addition to the cheapest quotations from our bank of leasing providers, as part of our service, we also include a dedicated account manager and cutting edge online fleet management technology to ensure that customers receive truly comprehensive fleet support at No Extra Cost. For more information visit: www2.multileasing.co.uk

Market evaluation really can help business customers to secure the best of all worlds without attracting additional cost and with a minimum of effort.

Author Bio: Sharing knowledge gained over the years to help business people save money. Visit Multileasing!

Category: Automotive
Keywords: vehicle leasing,vehicle contract hire,fleet leasing,fleet contract hire,car leasing, contract hire