How to Select a Reliable Vehicle Leasing Partner in India?

25OCT

How to Select a Reliable Vehicle Leasing Partner in India?

Whether you wish to ferry your employees to office every day, transport staff to different sites or haul cargo via road, a reliable vehicle leasing partner can make it seamless. As the economy flourishes, businesses are registering a rising need for on-demand vehicle fleet that can fulfill their transportation needs on time. However, commercial vehicles that move passengers and goods can cost a bomb to any company. To escape this huge cost investment and still get their transportation needs met, businesses are heavily relying on Vehicle Leasing Partners.

Why do companies lease vehicles?

Simple! Leasing vehicles or a fleet gives unparalleled benefits to the company. And, this is not just in terms of cost, but overall business operations. It must be understood that any vehicle is a depreciating asset. It not only incurs heavy purchase costs, but also regular maintenance costs and administrative manpower that can be tedious for many companies to supervise. Thus, when a company leases passenger and/or goods transport vehicles, it enjoys the following benefits;

Cost Benefits
  • No high-cost of ownership of vehicles
  • No additional manpower required to man & supervise vehicle operations
  • Tax benefits to the companies on leased vehicles
Employee Benefits
  • Enhanced employee experience through transportation
  • Improved retention rate as the employees see company transportation as an added perk
  • Timely transportation
  • Better attendance and on-time record of the workforce
In fact Vehicle Leasing Companies like SMAS India offer the following additional benefits to the companies;
  • Easy monthly rental payment options
  • Managed servicing and maintenance of vehicles
  • Quality vehicle models with premium features
  • 24×7 Customer Support & Hassle-free mobility

Now, the question arises- How to select a reliable corporate vehicle leasing company in India?

A company should consider the following pointers and tips before hiring a vehicle leasing partner;

Size & Quality of the Fleet

A reliable vehicle leasing partner usually has access to all the latest car & commercial vehicle models through its unique partnerships with manufacturers, which makes it easier for the leasing companies to provide its partners with an updated fleet of vehicles and services.

Further, eliminating the hassle of buying and managing the inventory for its client at reasonable monthly payments.

Array of Services

While a niche vehicle lease partner can be an exemplar transport partner for a company (like a simple car leasing company), those providing multiple services under a single roof are often more experienced in this domain. For e.g. SMAS India provides end-to-end fleet funding for cars, commercial vehicles for FMCG, logistics, manufacturers, etc. and other fleet management services. The more the services, the better is the vendor’s competence and one-stop solution under a single roof for your mobility needs.

Dedicated Customer Support

This is one of the most crucial aspects that a company must look out for before partnering with any vehicle leasing company. Dedicated customer support is essential to keep the operations smooth. In case any issue arises at any stage of the leasing service, a dedicated customer support will be quick to resolve it. For instance, SMAS India has a dedicated call center to resolve any client-issue at the earliest. Dedicated Customer Support is also the indicator of the leasing partner’s focus on great client experience.

Technology Friendly

Honestly, if you wish to partner with a reliable vehicle leasing partner, ensure that they are tech-friendly. Do they have an app where their clients can access all the crucial service related information on the go? Do they monitor their vehicles in real-time for maximum safety & security? Do they have any system to suggest optimum vehicle usage to their clients? The more the ‘yeses’ for these questions, the better is the quality of the prospect partner.

Got questions? We will be happy to answer them. Contact Us to get in touch with a SMAS professional!