Our Services
Services
Hire Services
At VLS we work closely with each customer in tailoring each lease agreement to suit the customer’s requirement. For long term hire of vehicles the most popular lease agreements are operating lease (also known as contract hire) and finance lease. Short term hire, which is usually from one day to several months, is also an operating lease but without a long term contractual commitment.
If you already own a fleet we can buy it from you and then lease it back by any of the hire methods described above.
VLS frequently supplies vehicles to customers that have been significantly modified to suit the client’s requirements. For light vans this often includes fitting out with racking, addition of livery, warning beacons, racks for ladders, etc., alternatively it could be conversion into a minibus suitable for disabled passengers. For large goods vehicles it could be the addition of an access tower to allow overhead electricity lines to be inspected. This service differentiates VLS from most other leasing businesses. For more information, see Vehicle Specification.
For more detail on our hire services, please use the sub menu to the left.
Sale and Leaseback
This is an arrangement whereby VLS will purchase your fleet of vehicles from you at an agreed valuation and then lease them back to you at fixed monthly rentals via either contract hire or finance lease. VLS has successfully carried out several sale and lease back transactions with both utility and local authority customers, collectively covering over 3,000 vehicles.
The advantages to businesses considering outsourcing their fleet by this method include the following:
- Releasing capital
- Transferring the risks associated with depreciation and maintenance to VLS
- Fixed costs and all the benefits of leasing
- No disruption to vehicle availability
- When vehicles are due for renewal, working with you, we will arrange the replacements