CBVC Vehicle Management’s Re-Lease used car solution is growing due to demand from company new starters or employees who have opted out of company car schemes.
Offered in partnership with Arval, Re-Lease offers 12 or 24 month contracts on a wide array of de-fleeted company cars.
Up to 150 different models may be available at any one time, with rates up to 20% lower than the rate for an equivalent new car.
Richard James, business development manager at CBVC responsible for the Re-Lease solution, said: “Rather than dispose of two year old cars through traditional disposal routes, like auctions, we can offer customers a further lease on the vehicles, provided they are in good condition and are typically less than 30,000 miles.
“We find that our customers like the flexibility that shorter term contracts provide. Typical customers are companies looking for a short term vehicle for a new starter who has not yet been offered a full contract of employment.
“Or they tend to be former company car drivers who, for whatever reason, have opted out of the company car scheme but want the same level of service and vehicle quality that they previously enjoyed.”
Most vehicles are in stock, ready for order, and can be delivered in a matter of days.
Re-Lease cars, which are available on either personal or business contract hire agreements, come complete with breakdown cover, delivery and road fund licence all included in the monthly rental as standard.
Customers have the option of taking the vehicles without maintenance, with a full maintenance package provided by Arval or with Arval’s Total Care package, an insured lease which, on top of complete maintenance support, includes accident management, gap insurance and glass damage protection cover.
Re-Lease vehicles are typically 24 months old, come fitted with tyres with a minimum tread depth of 3mm and have been serviced in line with manufacturer warranties if less than one month or 1,000 miles away.
Mileage contracts range from 5,000 miles up to 25,000 miles per annum, while up-front deposits can vary from one month through to nine months, depending on the customer’s individual circumstances.