Fleets choosing short-term leases to address grey fleet

Liquid Fleet has reported an upturn in customers addressing grey fleet issues by onboarding short-term lease cars as part of a pool car arrangement.

The company reports that it is typically supplying hybrid five-door hatchbacks to its customers, which is also helping to reduce grey fleet emissions.

Companies are initially choosing to rent cars for up to 12 months to trial the grey fleet pool car approach, some of which are now on their second 12-month cycle due to the success of their initial trial.

“A short-term lease car makes sense as it provides a new or nearly new car in A1 condition that is adequately insured for business use,” said Ismael Aumeerally, Liquid Fleet’s MD.

“It gives peace of mind to managers that their employees who travel sporadically on company business are driving a well-maintained car which is something more difficult to manage when they use their own private car.”

He added: “An extra bonus for customers has been our ability to get them into hybrid cars which also supports their sustainability commitments.

“A growing number of companies are also now requesting full EVs, particularly from when they have electric charging points installed on site.”

In a recent analysis of two separate corporate clients, Liquid Fleet looked at the actual cost of the grey fleet miles and the additional management time spent on ensuring vehicles that are on average 8.2 years old are insured for business use and are in a road worthy condition.

When it calculated the number of trips and miles being travelled by grey fleet users, it quickly established that by running the short-term lease cars the company reduced its costs and improved its carbon usage against private cars being used on company business.

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