Fleet News

Short-term rentals on the up as fleet operators choose flexibility

Demand for short-term rental has risen sharply in 2013, according to specialist provider Grosvenor Rental Management who are reporting a 38 per cent increase in business since the start of the year.

The rental division of Kettering-based Grosvenor Contracts provides daily rental and short-term lease agreements, both of which are experiencing unprecedented demand.

Alison Mead, who heads up Grosvenor Rental Management, believes the soaring bookings are in response to improved optimism in the economic outlook, tempered with a sense of caution by businesses who do not wish to over-commit on their fleet size.

She said: “Short-term rentals are being increasingly used by companies to build flexibility into their fleet size. Easi-Lease, our solution for hires above 75 days, is particularly popular because it bridges the gap between daily rental and longer-term contract hire, as well as offering an alternative to companies who purchase their company cars and vans outright.

“It means they can quickly increase and decrease the number of vehicles they operate without having to worry about termination costs, or expensive depreciation. We’re also seeing a rise in the number of companies booking car derived vans on short-term leases and there was an influx of requests for off-road vehicles during the snow this winter.”
 

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