SMALL businesses and SME owners spend much of their time at full tilt running their businesses, juggling a variety of different tasks. But an alarming number are in the dark on the advantages of vehicle leasing – and how it could make their lives a little easier.
For example, nearly one-third of SME directors believe that their business setup is not favourable to vehicle leasing and yet 32% feel overwhelmed by vehicle management administration.
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There’s more: 43% of those small business owners still believe vehicle leasing is too expensive, 8% think it’s easier to own a vehicle, while 6% believe vehicle leasing doesn’t provide the right type of quality of vehicles.
All this comes from a survey carried out by car leasing company LeasePlan, which says these small business owners and SME directors could have their admin considerably reduced by choosing car leasing which in turn would allow them to reclaim the time to focus on growth and their customers.
Matt Dyer, managing director of LeasePlan, commented: “It is surprising to see that such a high percentage of decision makers believe leasing is both too expensive and too time consuming for their business. These figures suggest people have developed a misconception of the fleet leasing industry and the concept of leasing.
“We have a role to educate business decision makers about the benefits of car leasing and help them through the process and make their working life easier – indeed the fleet industry is at an all-time high and 55% of the 4.5 million UK fleet vehicles on the road are currently operated by SMEs.”
Dyer continued: “Leasing offers a number of services to help businesses with everything from vehicle ordering, maintenance management, arranging insurance, mileage management and monitoring vehicle efficiency. It can also provide greater flexibility for businesses with regards to cash flow and budgeting.
“At LeasePlan, we cannot remove admin tasks completely, but we can reduce the time-draining tasks for business decision makers, which gives them more time to focus on the 10-40% business growth that so many of those surveyed are striving towards.”
Nearly 72% of those questioned in the LeasePlan survey are the sole decision makers within a business.
Dyer added: “LeasePlan Go is LeasePlan’s direct SME and personal leasing channel to market, which handles an incredibly diverse customer base including tradesmen and sole traders, start-up businesses and established SMEs.
“Whilst competitive monthly rentals and ‘deals’ are important for SMEs, it is increasingly clear that overall cost management of a fleet, and reducing the related admin of running a fleet, is where people most want our help, giving business decision makers valuable time back to work on their business and ensure they get some headspace.”