Medium term leasing is growing quickly as a method of providing a quality company car to new staff during their probationary period, say Equalease.
The Manchester-based company, one of just a handful of leasing companies that has developed three to twelve month car leases as a specialist product, says that demand has increased rapidly since the start of the recession.
Managing director Paul Ashton said: “The recession means that employers are even more keen to take a good look at probationary staff over an initial three or six-month period to ensure that they are the right person for the job before committing.
“However, these people often need a company car however their employers do not feel prepared to commit to a new car purchase or to take out a long term three or four year lease until the employee becomes permanent.
"In addition, many companies have ceased to operate a pooled car fleet out of which a car could have been provided.”
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