What is Operational Lease?
Operational Lease allows the customer to pay a set monthly fee without facing residual value risk or disposal issues. Additional services are also available such as Service, Maintenance and Repair, Tyre Management, Replacement Vehicles, Accident Management, Fuel Management, Insurance Management and many others.
What are the Benefits?
- Accurate cash flow forecasting from fixed payments
- Instalment cost classified as a tax deduction in most European markets
- Has no effect on financial gearing
- Liability off the balance sheet
- Customer do not need to worry about sourcing vehicles
- Customer avoid residual value risk on vehicle disposal
Summary
This type of lease is a fixed price service. Alphabet accepts responsibility, at a fixed fee, for depreciation, funding costs and administration. With the full maintenance option, this responsibility extends to the provision of all servicing and repairs and, if desired, the provision of replacement cars and other services. Alphabet provides high quality services and back up facilities.
