Europcar Mobility Group is providing a stop-gap solution for businesses not wanting to commit to new fleet vehicles until updated VED and BiK rates are confirmed.
Following the Autumn Budget, which saw the Government say it would “review the impact of WLTP on Vehicle Excise Duty (VED) and company car tax (CCT) to report in the spring”, Europcar says fleets have been left in limbo with the lack of clarity meaning many firms will be reticent to make long-term commitments to new vehicles at this stage but still have to keep people and goods on the roads.
In response, Europcar Mobility Group is aiming to plug the gap with its Advantage long-term rental solution. A ‘commitment-free’ solution, that doesn’t require capital to be tied up in three to four-year finance agreements, Advantage from Europcar provides access to brand-new vehicles, chosen from a stock list so that companies have control over P11D value. At a fixed rate, from three months upwards, it is said to be ideal for businesses that are in limbo about future vehicle requirements given the lack of clarity from government.
Gary Smith, managing director, Europcar Mobility Group in the UK, said: “Advantage provides a crucial stop gap – giving firms certainty of fleet supply for their short to medium-term needs, without having to make a long-term commitment that might actually not make good financial sense when the new BiK rates are eventually confirmed. It’s the best of both worlds – commitment free but with a fixed rate for certainty over cost.And we provide the flexibility to change up or down in vehicle type, without any financial penalty if the organisation’s vehicle requirements alter.”
There are four mileage options, starting at 1,000 miles and going up to 2,800 per 28 days, offering business flexibility. And with delivery costs included in the rental, drivers can have the vehicle delivered to their door – at work or home – helping them get on the road faster and avoiding unnecessary delays.