OVL Lease Blog

How OVL is managing the 'new normal.'

How OVL is managing the How many times have you heard the phrase “the new normal” over the past couple of months? For us it’s been many (and we might hav... 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

OVL - keeping you up to date

OVL - keeping you up to date We hope you are all keeping well and managing to cope with this 'new normal.'  We have been keeping in touch with all of our... Read More

How to care for your car during Lockdown

How to care for your car during Lockdown The changes to the way we live our lives, brought about by the Covid-19 crisis, have been plentiful and our motoring habits have changed enormously... Read More

Car and van leasing - offers and deliveries available for key workers

Car and van leasing - offers and deliveries available for key workers Everyone here OVL Group are grateful to all essential workers who are tirelessly working to ensure we can continue to function. Whether y... 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.