sgfleet provides two key funding options, operating lease and finance lease.
Operating Lease / Contract Hire
Operating Lease / Contact Hire allows businesses to free up their balance sheet. Under Operating Lease / Contract Hire, the company makes a monthly payment for the duration of the term that covers the rental costs for the vehicle, servicing, maintenance, road fund licence and other services.
At the end of the term, the vehicle is returned, with the company having no exposure to the market value of the vehicle. Financing vehicles under Operating Lease / Contract Hire also delivers operational benefits. It facilitates outsource management and running of the fleet to a specialist fleet management business such as sgfleet.
Operating Lease / Contract Hire is the most popular method of financing a fleet of motor vehicles.
A Finance Lease is similar to Operating Lease / Contract Hire, however the client has exposure to the market value of the vehicle and is therefore not protected from movements in the used vehicle market.
Financing vehicles under Finance Lease also delivers operational benefits to the client in the same way Operating Lease / Contract Hire does.
Client Sourced Funding
sgfleet will provide Fleet Management services where a customer elects to own their vehicles or finance their vehicles via another form. The services provided will be the same as services provided to a customer who utilises one of the above funding options.
The full range of value added products and services can be included with any funding method.