Same excellent service as usual I have never received anything but exceptional service from TM, doesn't matter who you speak to, what you need or if it's merely a question to be asked. Your employees are courteous, helpful and knowledgeable.
Hybrid Leasing Flexible Solutions
Using data from our Actual Whole Life Cost (AWCL) system, we calculate structured agreements with or without maintenance and with a transparent disposal/residual value to take advantage of a vehicle’s resale value. We then make adjustments to all the elements to take into account the client’s own operational requirements, vehicle type and industry.
The key benefits of a hybrid leasing are:
- No early termination penalties
- Lower finance interest rates
- Profit on sale of vehicle
- No mileage restrictions
- No excess mileage charges
Hybrid leasing transfers control from the finance provider to the client, which in itself provides many benefits. In terms of the cost benefits, we apply the same principles we use with managed funding to achieve the lowest cost funds from the market place for every vehicle.
Should you need to end/terminate an agreement for any reason there are no penalties just a simple calculation:
Balance outstanding less the vehicle’s value
For agreements ending after month 18, almost 50% conclude with the client receiving a credit, compared with 97% of contract hire agreements which make a charge.
Probably the most operationally important benefits come from the residual/disposal value structure and process where any profit on disposal is shared 90% to you, 10% to Total Motion.
Excess mileage or refurbishment costs are not made unless the vehicle fails to meet the required amount.
An integral part of a hybrid lease is the disposal – which makes the disposal process crucial to its performance.
This is why our approach is different to that of the leasing industry; instead of sending all vehicles to auction we work with the following channels:
- Trade sale to vehicle traders and retailers
- Retail via our used vehicle car site
- Sale to staff
Depending upon the vehicle’s age, mileage, type and condition, we decide which route will provide the best return. All work surrounding the disposal of the vehicle is completed and managed by our preparation centre.