With the uncertainty around Brexit and now the UK being plunged into recession due to COVID, operators have been reviewing options in how they upgrade and flex their fleets. Consequently, many have understandably held fire on outright purchase of vehicles and long-term finance commitments.
As a result, short-term leasing and rental has proven to be a popular choice for many that want to avoid three to five-year finance agreement or outright purchase. When entering a period of uncertainty, rental (or effectively shorter term leasing called FlexiRent) ticks all the right boxes as it allows operators to keep trucking on with a more flexible and adaptable fleet and a limited liability period. It retains that fixed cost each month for budgeting and better cashflow management.
The delay in introduction of ULEZs has also deferred the pre-planned leasing or purchase of Gas, Electric and Biofuel vehicles for some companies, and a shorter term solution to fill this time gap can be a rental solution.
As lockdown brought the UK to a halt we saw an initial decline in rental rates. However, the sustainability of this approach at this time cannot be maintained and prices have begun to normalize for those reputable suppliers who are looking to provide a secure, competitive and quality service – something we have always prided ourselves on delivering at Asset Alliance Group.
As the period of uncertainty continues in the UK recovery and with all of these factors combined it is no surprise that rental is now a more popular option than ever. In our own business we structure our rental and leasing deals around terms that work for businesses and we are always happy to support both our existing and new clients with any rental truck and trailer requirements.
To speak to our Rental teams please contact:
☎️ Wolverhampton: 01902 624251
☎️ Newmains: 01698 389945
☎️ Ipswich: 01708 866187
☎️ Leeds: 01132 136364