A key challenge for SMEs is how to keep people and goods on the road –without making long term commitments to new vehicles due to the potential impact of political decisions such as higher VED charges and increases to benefit in kind (BIK) taxes expected for early 2019.
Company cars are a key benefit for firms but they are also a potential drain on resources, putting pressure on business budgets. Rather than tying up finances in three to four year finance agreements for company cars, Europcar Advantage has been enhanced to offer businesses a flexible alternative.
Without the pressure of upfront costs and a choice of contract lengths ranging from a minimum of 3 months to 12 months plus, smaller firms get all the benefits they need to offer staff access to the latest models and stay in control of their costs. Crucially, long-term rental means staff are driving well-maintained vehicles, lifting some of the burden of duty of care off the shoulders of fleet managers.
Europcar Advantage provides a ‘commitment-free’ solution to business mobility needs, rather than tying up capital in 3-4 year finance agreements for company vehicles.
With no fixed contract to sign, it is ideal for businesses that are uncertain about their future vehicle requirements or are nervous around long-term tax implications – but want certainty around monthly costs.
All vehicles in the Advantage fleet are ‘business ready’ with Bluetooth and satnav, helping business drivers get from A to B with the minimum of fuss. Crucially, firms can avoid the hassle of vehicle ownership, with servicing and maintenance of the rental vehicle covered as part of the package.
And they have control over P11D value by keeping drivers in the same vehicle throughout the rental.