Vehicle subscription models – Are you ready to support them?
Vehicle subscription models could be good for the fleet leasing sector, which is facing unprecedented challenges right now and business models are having to change. The latest offering of a business vehicle subscription service provides a welcome opportunity for both customers and fleet leasing providers. Potential customers are reacting favourably to the concept of accessing vehicles at a low-risk, with no long-term contract commitment or early termination penalties. In addition to the vehicle, a subscription model provides insurance, road tax, servicing and repairs, UK breakdown, accident, glass and tyres cover. This business model promises to be an important antidote to any fallout from the lockdown suffered by the leasing sector.Read More