Risk-averse companies choose rental

Run Your Fleet is reporting significant demand for its recently launched vehicle rental management service among risk-averse companies not wanting to invest their own money in buying vehicles or commit to long-term leases in the current economic climate.

The specialist provider of a range of fleet solutions to the SME sector and larger self-managed fleets says renting vehicles for periods ranging from a single day to 12 months without any long-term contractual commitment or cash investment is the risk-free solution for many organisations in the continuing challenging economic climate.

Run Your Fleet managing director Steve Whitmarsh said: “Many organisations are finding it difficult to raise cash from their lenders in the current climate.

“Additionally, those organisations that do have credit available do not want to buy vehicles today in the knowledge they may become surplus to requirements in a few months.

“Similarly, organisations do not want to commit to leasing vehicles on a three, four or even five-year contract.

“In such circumstances vehicle rental makes absolute sense with customers confident that they are able to return vehicles at any time depending on business circumstances without penalty.

"Consequently, we are seeing a high take-up for vehicle rental, particularly among SMEs which are perhaps most affected by the lack of credit availability.

“Flexibility is crucial in business and never more so than when companies are in the grip of a tough business environment and every penny counts as all corporate costs go under the microscope.”