IS A FULLY INSURED LEASE RIGHT FOR YOU?

Posted on February 12, 2019

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Finding a range of vehicles to form a fleet for your business is very simple with Concept Vehicle Leasing.

Our variety of terms and top of the range models ensure you always drive away completely satisfied. However, we also appreciate that agreeing leasing terms for the cars isn't the end of the process.

One of the biggest pain points we often hear about is insurance. From finding a policy which covers all of your drivers to making sure you get the very best deal to suit your budget – it's enough to drive anyone nuts!

THAT'S WHY WE'VE INTRODUCED A COMPLETE FULLY INSURED LEASE OPTION FOR ADDED EASE AND PEACE OF MIND.

WHAT IS A FULLY INSURED LEASE?

Fully insured leases are hard to come by in the UK, making this quite a unique offering for your business to consider.

In layman's terms, this option is kind of like a 'one-stop-shop' for businesses looking to have their vehicle hire, maintenance and insurance all under one package.

Every vehicle in your fleet will receive a number of perks, including:

  1. Fixed monthly rentals for up to 5 years.
  2. Own damage protection covering the cost of repairs in the event of an accident, fire or theft.
  3. Glass damage protection for the repair and replacement of all body glass.
  4. 3rd party liability.
  5. Shortfall protection on all vehicles to bridge the gap of the finance in the event of a write-off.
  6. Guaranteed maintenance cover to make budgeting and comprehensive servicing easy.
  7. Breakdown assistance with a replacement vehicle provided for the first 48 hours.
  8. Accident management providing a fast and efficient claims service.
  9. Motor Insurance Database (MID) updates managed by us to keep your fleet up to date on tax, MOT and services.
  10. Cover for business or personal use.

WHAT ARE THE BENEFITS?


Choosing a fully insured lease for your fleet isn't for everyone. For instance, if you want to just put your drivers on the most basic of insurance policies, or would prefer a comprehensive one which costs more, you might be suited to another alternative.

However, where the true value lies is in the simplicity of it all. For a set price, you can get everything you need in one affordable service.

And let's face it, navigating through dozens of websites and conducting extensive searches via popular comparison sites can even make watching paint dry sound like the most exciting activity in the world.

OUR FULLY INSURED LEASE OPTION WILL GIVE YOU A HASSLE-FREE EXPERIENCE WHICH WILL SAVE YOU VALUABLE TIME AND MONEY.

It also means that you can enjoy one fixed monthly cost for all of your vehicles, without having to budget for multiple varying policies with different providers.

It can benefit your business' productivity too with ongoing maintenance cover included. There's no waiting around for authorisation, we'll just make the repairs and get the vehicle back on the road in no time at all. As a result, this can help significantly reduce downtime within your fleet.

YOU CAN RECLAIM THE RELEVANT VAT CHARGES FOR ANY VEHICLES LEASED WITH US TOO.

It's also very useful if you have a lot of young employees, as our service allows you to insure drivers from the age of 21, providing that they've been driving for at least a year. This is usually a big problem for a lot of businesses when it comes to insuring a fleet vehicle.

THINGS TO CONSIDER WHEN MAKING YOUR CHOICE

To take out a fully insured lease with Concept Vehicle Leasing all drivers in your fleet must:

  1. Be aged between 21-70 and have had a full UK/EU driving license for at least one year.
  2. Have no more than two own fault claims in the last two years.
  3. Have no more than 6 points on their driving license and haven't been subject to a driving ban in the last five years.
  4. Haven't been advised to stop driving by the DVLA or a medical professional due to a health/medical condition.

If you think a fully insured lease is right for you or you'd like to find out more, call 0203 280 6427 today.