OVL Lease Blog

OVL partners with Rolec - providing the very best in home smart charging units for electric and plug in hybrid vehicles

OVL partners with Rolec - providing the very best in home smart charging units for electric and plug in hybrid vehicles  OVL group has partnered with the U.K.’s leading manufacture of electric vehicle charging points, Rolec, to ensure all of our customers leasin... Read More

Let's Catch Up

Let Happy new year - how are you all coping with Lockdown3? During 2020 it was great to see so many of our clients adapting well to extr... Read More

Car Leasing Review - The Volkswagen ID.3

Car Leasing Review - The Volkswagen ID.3 Volkswagen has introduced it’s all-electric ID.3 as the benchmark vehicle for the transition towards emission free motoring and it does ... Read More

The Seat Ateca is A LOT of car for the money

The Seat Ateca is A LOT of car for the money The Seat Ateca 1.5 TSI is one of our deals of the week - available to lease from just £157.99 a month you get A LOT of car for the money.... Read More

Lockdown 2.0 – our reassurance to you

Lockdown 2.0 – our reassurance to you As we head towards Lockdown 2.0 we know there will be many anxieties and concerns but we wanted to reassure all of our customers that OVL Group rem... Read More

Get Social with OVL Group

Get Social with OVL Group Did you know we are active on social media? If you don’t already follow us, just click the links below to learn more about: ... Read More

Which new diesel cars are RDE2 compliant?

Which new diesel cars are RDE2 compliant? If you are looking to lease a new diesel car, you don’t have to assume that you’ll be paying the standard 4% BIK diesel surcharge. Tax-... Read More

Times are changing in the car world...for the better!

Times are changing in the car world...for the better! All big petrol cars are gas guzzlers! All diesel cars are ‘dirty’ with high emissions!... Read More

Get back to the comfort of a company car

Get back to the comfort of a company car Car allowances have been pretty fashionable over the past few years – employees who qualify for a company vehicle are offered a ‘cash&r... Read More

The Brand New Skoda Octavia - Car Leasing Review

The Brand New Skoda Octavia - Car Leasing Review An updated Skoda Octavia is definitely something to get excited about - the quality we've come to expect from Skoda is apparent in spades and t... Read More

Future Proofing your Fleet with OVL Group Ltd

13/07/2020

Future Proofing your Fleet with OVL Group Ltd

As the UK’s lockdown restrictions are gradually lifted and we enter the ‘new normal’ we know that businesses will have many challenges ahead. One of the challenges for businesses will be fleet efficiency. 

Both our team’s expertise in securing the right vehicle for our customers needs over a 30 year period and our professional fleet management software Fleet Manager Plus can help you to plan for this next phase and future proof your fleet. 

Working from home has, since the end of March been encouraged where possible. If you have an employee with a car that is due for renewal soon, the figures you are working with, both financially and expected mileage, will look very different. 

Businesses will need to consider the types of vehicles they need to run in the future – is now the time to switch to smaller models, hybrids and fully electric cars? Read our guide to switching to an alternative fuel vehicle here.

With 0% Benefit-in-Kind tax rates for 2020, rising to 1% in 2021 and 2% in 2022, electric vehicles can provide their drivers with low tax bills and provide businesses with reduced fuel costs and Class 1A National Insurance Contributions. The business’s Corporate Social Responsibility (CSR) strategy, and any aims it may have to reduce its carbon footprint can also be taken into account when opting for ‘green’ vehicles. Reduced mileage for many workers could be the ‘push’ needed to make the change. 

It may also be pertinent to discuss shorter contracts. If you have always leased for 4 years, perhaps you will now consider 2 or 3. Shorter contracts are arguably less of a risk, have smaller credit lines and allow you to reconsider the vehicles you are leasing at more regular intervals. 

Of course, some people will still be travelling the length and breadth of the UK and remain high mileage drivers who would not benefit from switching to an alternative fuel vehicle – there’s good news for this group to! Diesel-engined cars that meet the latest RDE2 emissions standard will not be subject to the 4% BIK surcharge. RDE2, which came into force in January 2020 for new-to-market cars and January 2021 for all new vehicles, reduces the permitted level to 1.5 times that which must be achieved in the lab.

Our team can advise you which vehicles are RDE2 complaint. 

Our experienced team can help you to navigate these changing times and explore the best options for you and your fleet. Please contact us today to discuss further.