Leasing benefits
Using external financing and car fleet management brings many benefits. The main ones are presented below.
Financial
- Costs
- Possibility to lower the costs taking advantage of LeasePlan’s experience and economies of scale
- Planning
- Easy planning due to fixed monthly costs
- Risk
- LeasePlan absorbs the risk of possible residual values change and maintenance costs variations
- Fixed assets
- Decreased fixed assets – increases the return of assets
- Liquidity
- Freed up cash tied up in assets
- Precise cash flow planning due to flat monthly rates
- Profitability
- Free capital can be reinvested in core business at higher ROE rate
- Working capital
- Decreasing the amount of pre-payments e.g., as a result of dividing the insurance premium into monthly installment
Operational
- Fleet administration
- Handing over to LeasePlan all the processes concerning fleet administration – negotiations with suppliers, authorization of services, Driver support
- Bookkeeping
- Lower number of invoices and electronic attachments – automatisation of authorization process and cost centers bookkeeping
- Decrease in amount of tangible assets – less amortization bookkeeping
- No accrued income related to insurance – less bookkeeping
- Non-balance sheet bookkeeping – no loss / profit on selling tangible assets
Vehicles drivers
- Providing full mobility
- Vehicle drivers are provided with full mobility, among others: assistance, replacement cars, car hand-over
- Full support
- Drivers have support in all matters concerning company cars – 24/7 – LeasePlan Assistance and LeasePlan Information