At SG Fleet, we can advise on the most appropriate funding for your business or organisation, depending on your location and needs.
Operating lease / contract hire
Operating lease / contract hire allows businesses to free up their balance sheet. Under an operating lease / contract hire, the company makes a monthly payment for the duration of the term, which 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 its market value. Financing vehicles under operating lease / contract hire also delivers operational benefits by outsourcing the management and running of the fleet to a specialist provider such as SG Fleet.
Operating lease / contract hire is the most popular method of financing a fleet of motor vehicles.
A finance lease* is similar to an operating lease / contract hire, however the customer has exposure to the market value of the vehicle and is therefore not protected from movements in the used vehicle market.
The operational benefits of outsourcing the management and running of the fleet to a specialist provider are maintained under a finance lease.
*A finance lease is not available in New Zealand.
SG Fleet will provide fleet management services where a customer elects to own or finance its vehicles through other methods. The services provided will be the same as those provided to customers that utilise one of the above funding options.
The full range of value-added products and services can be included whichever funding method is used.