Full Maintenance Leasing (FML) |
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Our Full Maintenance Lease (FML) product is a comprehensive fleet solution that provides you with the use of the vehicle, together with maintenance and services, for a specified period at an agreed rental.
Vehicles are selected by you and then sourced and purchased by us and delivered directly to your company. As we own the vehicles, you are not responsible for their residual value at the end of the contract.
We bear the full risk of all maintenance costs incurred during the contract and the only operating costs to you will be fuel and top-up lubricants. At the end of the contract, the vehicle is returned to us for disposal at our risk and cost.
With Full Maintenance Leasing, we take over all the risk and hassles involved in running a fleet - from acquisition right through to disposal.
FML contracts will provide you with the following key benefits: § The fleet will be reported off-balance sheet § The fixed rentals facilitate improved cash-flow forecasting § Input VAT on maintenance expenditure is fully recoverable § No risk of excessive maintenance cost or loss on vehicle resale at the end of contract § Simplified budgeting and reduced administration § Stable monthly rentals, provided that the contracted kilometres are not exceeded and the vehicle is well looked after § Linked to our fuel card for a complete picture of vehicle/fleet operating costs.
A reporting system will be set up in accordance with
your requirements to provide you with a complete picture of your fleet
in all dimensions. Our FML is available on all makes of passenger and light commercial vehicles for periods from 12 to 60 months, with the contract period and distance determined in accordance with your company's vehicle policy and the anticipated usage of the vehicle.
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