OVL Lease Blog

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

How OVL is managing the 'new normal.'

How OVL is managing the It’s been wonderful to see so many of our clients adapting to these times, as we have, with great positivity and tenacity to make things work... Read More

Future Proofing your Fleet with OVL Group Ltd

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 chall... Read More

Car leasing review - the Ford Kuga

Car leasing review - the Ford Kuga The Ford Kuga has been getting our customers excited! It’s the most enquired about and ordered car by a mile. Our alternative fuel expert, Sc... Read More

Lease your travel bubble from OVL Group

Lease your travel bubble from OVL Group With the advent of the ‘new normal’ many people will be opting to take a road trip for their Summer holiday, rather than flying off to ... Read More

What documents do I need to provide when applying to lease a vehicle? 

What documents do I need to provide when applying to lease a vehicle?  One of the most common reasons that we can’t proceed with an application to lease a vehicle is our customers not having the correct pape... Read More

Car leasing in the ‘new normal’. Are there good deals to be found? 

Car leasing in the ‘new normal’. Are there good deals to be found?  You may have seen some of the headlines in recent weeks about the effect that the COVID-19 pandemic has had on the motor industry. Whilst it’... Read More

Range Rover Evoque 1.5 P300e S 5dr Contract Hire Whole Life Cost Comparison

Range Rover Evoque 1.5 P300e S 5dr Contract Hire Whole Life Cost Comparison Click the table above to zoom. Traditionally companies have based car selection around rentals alone but with changes in... 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.