An online calculator designed to help companies considering whether to buy or lease their vehicles has been launched by GE Capital Fleet Services.
By entering key details about their fleet such as the kinds of cars and vans operated, their normal replacement cycle, annual mileage and current age, it produces a financial breakdown forecasting the estimated costs of each acquisition method annually and over the next three and five years.
It also quantifies the estimated savings as part of the impact on an organisation’s overall finances by illustrating any possible savings as a typical increase in sales turnover, as well as estimating the potential cash injection available from any sale and buyback arrangement.
Gary Killeen, fleet services commercial leader for GE Capital UK, said: “Whether to buy or lease is one of the most fundamental questions that faces companies that run fleets but calculating the effects of any change is difficult.
“The calculator allows basic information to be entered in a matter of a few minutes and an estimate created of the potential financial impact of switching acquisition method. Those who are interested can then work with our Key Solutions consultancy team to create a definitive picture."
The calculator is available at gebuyvslease.co.uk