Have you ever returned a leased vehicle and been hit with extra charges? I think we can all agree that this doesn’t create a great experience for the renter or for your business.
Here are a 5 key areas to be attentive to in your discussions and contracts with your rental company.
1. Leasing Terms
One of the key things you need to pay attention to before signing into a contract is the leasing terms. For example, if you plan to use a truck for 6 months but only end up using it for 3, make sure you have the option of returning your rental at no cost.
2. Wear and Tear
If you’re renting or leasing a fleet you likely work in the trades, construction or manufacturing which can often mean that your vehicle experience a certain amount of wear and tear.
3. Maintenance Procedures
A more long term consideration you’ll need to make is vehicle maintenance for preventative measures and avoid any surprise “costs”. Not only should you ensure that these maintenance fees are included in your terms. During the maintenance procedure, be sure to clarify whether or not you will receive a replacement vehicle. If not you have to take up an additional cost to replace the truck, or decrease work because you have one less vehicle.
4. Distance Limits
Another area where you may acquire surprise costs is for going over your allocated kilometers for a vehicle. Make sure you are aware of all the limitations surrounding distance traveled. Once you have a grasp on this, you may want to ask additional questions on procedure if you do go over kilometer limitations or if they have solutions on discounted kilometers to avoid unpleasant surprises.