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A new mid-term leasing service has been launched by fleet management firm Fleet Operations.
LightLease allows businesses to lease a broad range of vehicles for between 90 days and 12 months, bridging the gap between short-term rental and longer-term contract hire.
Fleet Operations sales and marketing director Jayne Pett said: "We have responded to a growing market demand for a flexible leasing option that can help mobilise employees quickly, while also helping to minimise business costs.
"If it's not carefully controlled, short-term hire can prove expensive and can result in an unanticipated administrative burden, with vehicles being regularly swapped by providers as they hit predetermined mileage or age limits.
"This burden can include everything from fuel card or telematics management to benefit in kind (BIK) tax reporting.
"LightLease offers a strategic, and cost-effective, alternative."
Pett added that LightLease would also offer drivers greater flexibility following the introduction of the new WLTP car fuel economy and emissions testing regime.
She said: "We are witnessing a great deal of apprehension and uncertainty around WLTP, with concerns that higher vehicle CO2 figures may lead to an increase in BIK tax liabilities from 2020.
"While it remains unclear as to whether or not tax thresholds will be adjusted, LightLease offers a solution for drivers who are cautious about committing to a longer-term contract hire agreement."
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