Maintenance is something that can’t be avoided so leasing companies have come up with a selection of different maintenance packages to sell as added value products. You will find that as leasing companies who could be running fleets of tens of thousands of vehicles utilise their buying power to negotiate cheaper prices for
both parts and labour with their suppliers. I have found that this translates into competitively priced maintenance packages for a low fixed monthly payment, this is great for businesses as it gives peace of mind that there will be no unexpected costs running their fleets.
Maintenance packages come as either standalone products or as part of your vehicle lease agreement. There are different levels of cover you can choose when leasing a vehicle.
Servicing Only
The most basic level of cover provided is a service only package, this will encompass annual servicing of a vehicle or more frequently if needed and is priced on the basis of the expected mileage. This is not a product that I have found popular, I have seen these packages being offered free to customers to secure their business.
Servicing, Maintenance & Repairs
This includes Servicing as above and also covers for Maintenance & Repairs. The Maintenance & Repairs covers wear & tear items that are not included as part of the manufacturer’s warranty. Surprisingly these include items such as replacement Headlight Bulbs, brakes, exhaust, battery, wiper blades, clutch etc. This is great for both small businesses and large businesses as there are no unexpected costs.
Servicing, Maintenance & Replacement Tyres
The most popular maintenance package that is chosen is fully maintained which covers for vehicle servicing, maintenance and replacement tyres. In my experience I have found that the replacement tyre policy can vary between leasing companies. The most basic tyre cover is for replacement tyres when they reach a tread depth of 2mm which is still well within the legal limit. Some Business Car Leasing companies offer a fully comprehensive cover which is all encompassing, covering the minimum tread depth, puncture repairs & tyres with sidewall damage. Tyres are replaced with premium brand tyres as these last longer.
This is the maintenance package I have on my company car and have to say that I find it is the best fit for our business. I can simply drive into the garage and hand the car over and they will do whatever needs done and return the car, If you need a courtesy car then its best to call in advance and book one as you may have to opt for a courtesy driver instead to take you to your destination and pick you up once your car is ready.
Other Services Provided
Breakdown Cover
Breakdown cover is not something businesses might consider having, when you consider the leasing companies offer breakdown assistance both from home or workplace as well as on their journey for a discounted price it makes sense to take on this cover. I have found that some leasing companies charge extra for this and yet some offer it as standard on all of their lease vehicles. European cover is also available, permission must be requested from the leasing company before to travelling to Europe.
Replacement Vehicle
Businesses can choose to include a service to provide a replacement vehicle in the event of either mechanical failure or an accident. This can be invaluable but it depends on your business as some of the businesses I have dealt with in the past have pool cars to rely on so there is no need for a replacement vehicle.
Other fees or charges
The price of your maintenance agreement is calculated on the basis of your predicted mileage at the start of the contract. If you exceed the total mileage on your contract then the leasing company will apply an excess cost, this charged at the end of your contract.