Leasedrive VELO

Mid-term vehicle rentals gaining in popularity
8 February 2005

According to specialist supplier, Stopgap Mid-term Vehicle Rental, more companies are recognising the financial benefits of mid-term rental vehicles over pool or company cars.  The company reported a 37% increase in the total number of mid-term rental days sold in 2004 over the previous year.

Roddy Graham, commercial director of the Leasedrive Group said: “Our experience over the last four years has shown that mid-term vehicle rental is often overlooked.  However, there are signs now that companies are beginning to identify the savings to be made from mid-term vehicle rental over more traditional methods of providing temporary transport.  Currently, seven of our top ten leasing and daily rental customers regularly use mid-term rental.  The average rental length is two months and ex-pat visitors from overseas and new employees on probation account for 90% of our business.

“Once the availability of mid-term vehicle rental is brought to the attention of companies, they jump at the chance for a ready-made solution to cover contingencies as diverse as major accident repair work to the provision of a company car benefit while employees are working their probationary periods.

“What customers do not appreciate is that if you have a rental vehicle for more than 14 days, then you need to report motor insurance and P11D details.  Our online registration makes this a virtually invisible process.”

Stopgap Mid-Term Vehicle Rental offers a wide range of current models, from superminis to luxury coupés to vans, for corporate vehicle rental days of 28 days or more.  Rates are substantially reduced compared to daily rental.

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