FAQs - Business
FAQs for business
What is a vehicle lease?
A vehicle lease is an agreement with a specialist finance company that allows a business to obtain the benefits of using a vehicle for a fixed period of time and an agreed number of kilometres, for a monthly payment.
What happens at the end of a lease?
You have 2 options available to you:
1. Upgrade your current vehicle
Discuss with your Account Manager six months out from the end of your current lease, what replacement options are available. Your Account Manager will be able to provide you with an update on all the latest makes and models and the most cost effective lease options to meet your needs.
2. Extend your current lease If you would like to continue driving your existing vehicle, you may be able to extend your lease, based on the lease term to date, vehicle's age and odometer usage. Simply call your Account Manager and request a quote based on the term of the extension available and the additional vehicle usage required.
Where do I return my vehicle at the end of lease?
All vehicles are to be returned to our independent vehicle assessment partners. Staff will complete an assessment of your vehicle in line with FleetPartners’ Fair, Wear and Tear Guide. A report is then forwarded to FleetPartners together with photographs, and a copy is sent to your company together with a refurbishment cost. Any discrepancies should be discussed with your Account Manager within 48 hours of receipt.
What add on services are available with my vehicle lease?
- Telematics
- Driver safety training
- Vehicle branding
Do you have a driver app?
Yes. We have a driver app so drivers have readily available information about their vehicle and our services, such as:
- their vehicle driver guide
- booking a service
- details on what to do and who to call for a windscreen repair or replacement
- how to report an accident
- who to call for roadside assistance in the event of a breakdown
The great thing about our app is there's no need to download it from the app store, and it works on all mobile phones, it doesn't take up valuable memory on the phone and when we make updates, it's automatically updated without needing to download a new version.
Drivers can click here for more details or go directly to fleetpartners.com.au/app on their mobile device.
What is a Fully Maintained operating Lease?
A Fully Maintained Operating Lease is like a rental agreement for a vehicle. You lease the vehicle from FleetPartners for a set term, usually between 3 to 5 years. We bundle the majority of your vehicle's running costs – including registration and CTP, servicing and tyres – into one monthly payment for the duration of your lease term.
When calculating your monthly payments, we also consider how many kilometres you drive and how long you plan on leasing the vehicle. At the end of the lease, you simply return the vehicle with no residual value or balloon payment.
What are the benefits of Fully Maintained operating Lease?
The main advantage of a Fully Maintained Operating Lease is that they make it easier for businesses to manage their cash flow with no upfront costs and set monthly payments.
Plus, if you have a small fleet of vehicles, you can outsource paperwork, fuel receipt reconciliation, regular services, maintenance and registration, tolls and infringements –saving yourself hours of admin time.
How accurate is business lease calculator?
The FleetPartners business lease calculator uses the latest information from vehicle manufacturers and maintenance and servicing providers – it then refines this to meet your search criteria, such as vehicle body and fuel type to provide you with pricing estimates.
While the calculator doesn’t provide a specific vehicle quote, the results will provide a great guide which can help you decide which vehicle suits you. Our team can then provide you with an accurate quote on the exact vehicle you’re after.
Which types of vehicles can be leased?
With a Fully Maintained Operating Lease for small and medium businesses, you can choose whatever vehicle suits you best, including cars, vans, SUVs and utes (up to 3.5 tonnes) in a wide range of makes and models, including electric, hybrid, petrol and diesel options.
If you need a more specialised vehicle, custom fitout or accessories or, if you’re a large corporation (enterprise customer) needing a heavy commercial vehicle solution, please call us to speak with one of our vehicle specialists.