Whether your car fleet is with Leaseplan, Arval, ALD, Alphabet or elsewhere, as a main constractor, you (CFO, CHRO , Management Controller, Fleet manager etc.) should be aiming to standardize the quotation reading in order to compare the competing car lease suppliers on a like-for-like basis.
The car lease price is often submitted as a total rent including services you’ve selected for your corporate drivers.
However, the total rent breaks down into financial rent and services, namely:
Financial rent + Roadside Assistance + Maintenance / Repairs / MOT + Tires + Replacement / Relief vehicle + Insurance + Accident management + Fuel card + Management fees = Total rent
🚗 For increased transparency, always ask your lessor for the rent breakdown..
🚗 Also ask your lessor to show on your lease quotation The car residual value The overall car discount (= lessor’s discount + car manufacturer’s discount + car dealer’s discount)) The investment The APR (Annual Percentage Rate) The excess mileage cost The delivery costs
🚗Eventually, after running your checks, the quote may seem attractive at first, but beware of hidden costs. To better compare the competing car lease quotes, ask your sales representative if : Delivery costs are included Car registration fees are included Taxes are included or excluded (it differs accross lessors and countries)
Lastly, and above all, keep control over your car fleet Moncef TOBI, Fleet & Mobility Consultant, Procurement | Process | Coaching mtobi@allofleet.com
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