Press Release
A national utility contractor who thought it would be heavily penalised for an early termination of a multi-vehicle lease contract is instead tens-of-thousands-of-pounds in credit.
Because Colus took out an industry-leading hybrid lease from Total Motion Fleet Management, it received a payment of £42,000 rather than paying a significant break-clause penalty, which it was expecting.
The firm - whose clients include some of the country’s biggest water suppliers and civil engineering companies – which still has dozens of vehicles leased through the East Midlands-based fleet management expert, asked to end a lease for 12 vans early.
However, thanks to it being on the flexible lease scheme – which doesn’t charge clients extra for excess mileage or vehicle damage – the vehicles were returned to Total Motion, who then sold the vehicles. The combined sales figure, less the outstanding finance payment, which resulted in Colus being £42,000 in credit.
But had the vans been on a traditional leasing agreement, then Colus would have been facing a large bill - in this case as much as £50,000!
Total Motion Director Simon Hill said: “A decade after launching our innovative hybrid lease, we are still the only leasing company to offer such a deal – one that is really on the side of our clients. There are no hidden costs, it’s totally transparent, and on this particular occasion our client was significantly in credit.
“When we launched our flexible leases more than a decade ago, other fleet management companies looked on in bemusement. We are still the only company to offer these flexible leases, and we are delighted to be in a league of our own.”
Launched 21 years ago, Total Motion is the largest family run fleet management provider in the UK.
Further information about Total Motion, and its industry-leading lease plans, products and services, is available from its website, https://www.totalmotion.co.uk/
