Drivers who opt out of their company car scheme are enjoying the benefits of a company endorsed personal leasing solution as businesses recognise how easy they are to implement.
According to Shaun Redhead, who heads up Grosvenor Personal Leasing, there has been a hesitancy by companies in the past to look at introducing a personal contract hire (PCH) scheme under the impression that it would take a lot of work to put in place.
However, as an increasing number of companies see how simple it is, Grosvenor’s personal contract hire team has seen the uptake from its customer base rise dramatically in recent months – not only offering competitive PCH to drivers opting out of the company car scheme, but as a benefit to other staff members too and their families.
“When speaking to our corporate customers about introducing a personal leasing scheme, the main objection used to be that they didn’t have time to set one up,” explains Shaun. “There seemed to be an assumption that it may be complex or require a lot of effort and consideration.
“In reality, however, a PCH scheme is one of the easiest things a fleet or HR manager could put in place, and the benefits are far reaching.
“There’s no financial obligation from the company, because with any personal contract hire (PCH) our agreement is directly with each individual.
“There is also no risk to the business. Whether the individual has opted for a cash allowance instead of a company car, or are a member of staff simply looking for a new vehicle, they are responsible for re-paying the lease and the company is not involved in any way.
“The personal lease is in the driver’s name, which means if they leave your company the lease remains with them. And it’s like any other form of personal finance with no connection between the member of staff and the company.
“As a business, you therefore don’t have to do anything apart from use our pre-prepared marketing materials to advise your employees that they can access a market-leading PCH solution from Grosvenor Leasing.
“We also set up an online PCH quotation portal for your staff, and our personal leasing specialists, based at Grosvenor Leasing’s head office, deal directly with them to support them with the ordering and delivery process.
“For individuals who wish to keep their eye out for a great deal, they can subscribe to our regular mailings where we promote many of the incredible deals agreed with the motor manufacturers each month.”
Grosvenor Leasing’s personal contract hire solution is delivered in partnership with leading PCH specialists’ Select Car Leasing.
A well-structured, competitive personal contract hire scheme offers extensive benefits to companies - supporting drivers choosing cash instead of car, offering an additional staff benefit and reducing your grey fleet administration.
“By encouraging drivers into a new, competitive PCH car when they receive their cash allowance reduces the chances of them using the money to finance an older, unsuitable vehicle that can become a grey fleet burden,” continued Shaun.
“It also offers a more seamless transition from a company car to a private car because Grosvenor’s in-house personal leasing team sits alongside its corporate contract hire and fleet management teams. This means when drivers take the cash option they are far more likely to move seamlessly into a Grosvenor PCH car from their company car.
“New cars offer the benefits of warranties, no MOT for 3 years, greater reliability and less chance of incurring unexpected costs in the early years.
“With the popularity of ultra-low emission and electric vehicles soaring, having a new car also increases the chances of drivers choosing something green!
“It’s for this reason why a competitive personal contract hire scheme offers such wide-ranging benefits to drivers - enabling them to drive the car of their dreams for an affordable monthly rental.”
Thanks to Grosvenor Leasing’s partnership with Select Car Leasing, we’re able to offer drivers the very best PCH rates enabling them to drive a car they may never have deemed affordable – all of which is offered on a price match guarantee, which means your staff won’t need to spend time scouring the internet for the best deals as we can offer them via one simple portal!
If you’d like to discuss implementing a Personal Contract Hire solution for your staff please speak to Shaun Redhead on 01536 536 666 or email [email protected]