PERSONAL LEASING

Benefits to Businesses

A well-structured, competitive personal contract hire scheme offers extensive benefits to companies.

Delivered via a formal Staff Affinity scheme or direct to employees, it can support drivers choosing cash instead of car, offer an additional staff benefit and reduce your grey fleet administration.

Reduction in grey fleet management – the BVRLA reports that the total number of cars used for business use is circa 12.3 million, of which 10.5 million are grey fleet and 1.8 million company cars, with 32% of drivers being offered a cash allowance instead of a company car if they wish to take it. 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

Employee benefit – a competitive and well-run personal contract hire scheme offers a really attractive employee benefit and can be extended to family and friends. This offers HR teams an attractive and enticing addition to their employee benefits offering.

Reduced emissions for business travel – the BVRLA reports that the average fleet car is 29% cleaner than its cash allowance counterpart. By offering an attractive PCH solution encourages drivers to choose a new, low emission personal lease vehicle rather than spend the money on an older, higher emission car.

Seamless transition – Grosvenor has an in-house personal leasing team based at its head office alongside our corporate contract hire and fleet management teams. When drivers take the cash option they are far more likely to move seamlessly into a Grosvenor PCH car from their company car.