Leasing A Wheelchair Accessible Vehicle
By Bibika, 13th Jul 2012 | Follow this author
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Posted in WikinutBusinessAccounting & Finance
This article focuses on how businesses can lease wheelchair accessible vehicles and what the advantages of doing so are.
Business Car Contract Hire Options
When we think of business car contract hire, we usually think of the reps and mobile salespeople rushing between appointments in order to seal their attest deal. To be fair, that was the focal point of the industry for many years, but recently the leasing business has moved into many other areas and you’ll find a vehicle available to lease for almost any requirement. Whether it’s for the traditional sales rep, delivery people moving bulky items, or surveyors needing a 4x4 to go where there is no road, there is a vehicle available. One of the biggest growth markets has been to disabled people, or more specifically companies working in that sector, where wheelchair accessible vehicle leasing has suddenly taken off.
There are many organisations who assist and care for those in the community who have mobility issues. There are hundreds of charities, care homes, local authorities, schools and so on who would like to help these people either maintain their independence or just provide a means of going further afield than they would usually. Until recently though, it has been difficult for them to raise the kind of funding needed to buy and maintain specialist vehicles for transport of wheelchair users. It takes a lot of capital to buy a readymade wheelchair accessible vehicle, or to have one converted, and it’s often difficult to justify the expense when there are so many other calls on the money.
Business car contract hire has been the answer for many of these organisations. They are able to choose from a variety of suitable vehicles, which can take between one and three or even more wheelchair users, at a fraction of the cost of buying a vehicle outright. So how does it work, and how is it to the advantage of the business and its customers?
To start with, the lease agreement means that the vehicle is not actually bought by the company; it is just leased or hired from the supplier for a set period. The length of the agreement can vary from a few months to years, depending on the purpose and reason for needing the vehicle, and just handed back when the agreement is up. That in itself leads to important points about finances – firstly, the company leasing the vehicle only has to pay a fee each month for the use of the vehicle, so their capital isn’t spent all at once. Secondly, there are no worries about depreciation and losing money at the end of the useful life of the vehicle, as user just gives it back and doesn’t have to worry about selling it.
Finally, the lease agreement can also cover maintenance and servicing of the vehicles. That removes one headache for the user, as the leasing company takes over all the responsibility and makes sure the vehicle is in a fit and worthy condition to be on the road. It also means that if a problem does occur, the lease company organises and pays for any repairs, so the user doesn’t end up out of pocket.
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