Advantages of flexible vehicle hire

If your business’ fleet needs change often because of new contracts, seasonal demand or shifting workflows, being locked into inflexible agreements can create unnecessary risk. And owning your fleet risks locking capital into vehicles that aren’t being used.

Flexible vehicle hire is designed for businesses that need to plan for uncertainty, allowing you to adapt your fleet as your needs change, without long-term commitments.

These are the main benefits you can expect from flexible fleet hire.

Free up capital

Under IFRS 16 accounting rules, vehicle leases with a term of more than 12 months need to be recognised on your balance sheet.

Because flexible vehicle hire often has agreements shorter than 12 months, it means you can keep these costs off your balance sheet and free up capital to invest in other areas of your business, rather than tying it completely into your fleet costs.

Competitive rates

Nearly half of fleet managers say dealing with the total cost of ownership of vehicles has become their biggest challenge, up from 31% in 2024.

Hiring business vehicles helps alleviate much of the cost problems you have when it comes to your fleet, compared to owning your vehicles.

For a start you don’t need upfront costs, giving you more capital for other parts of the business.

You also don’t have to worry about your vehicle value depreciating over time.

Flexible vehicle hire is often more cost effective, and keeps costs predictable, with everything bundled into a single monthly payment.

Reduce vehicle admin

Dealing with vehicle admin is something many fleet managers struggle with and try to avoid if they can. Admin can be especially difficult when it comes to adding new vehicles to your fleet as you grow or dealing with maintenance costs.

Using flexible vehicle hire can reduce, or completely remove, much of the admin burden.

We can help you by dealing with the administration of your fleet for you, including arranging maintenance and repairs.

Retain fleet flexibility

With economic uncertainty, you can never be 100% sure how much vehicle capacity you’ll need in a given month. Which creates significant risk if you’re tied into set contracts or own your fleet.

It can be hard to plan capacity without flexibility. If you over invest you can tie up too much capital in a fleet you’re not using. If you don’t invest quickly enough, you can struggle to meet demand at short notice.

Flexible vehicle hire gives you the freedom to scale your fleet as needed, meaning you can add vehicles to your fleet at short notice to meet any sudden demand without the long-term commitments or financial strain.

Better vehicle selection

When managing your vehicle fleet, you don’t just need to think about vehicle numbers, you also need to ensure you have the right vehicles for the work you’re undertaking.

Again, this is something that can change at short notice as you win contracts or the nature of your work changes.

Flexible vehicle hire allows you to simply swap or upgrade a single vehicle, or multiple vehicles in your fleet, based on what you need, without any delays or penalties.

Flexible vehicle hire with PSD FLEX2GO

FLEX2GO from PSD Vehicle Rental allows you to perfectly match your business vehicles with your needs.

We help match your vehicles and hire agreements with your specific requirements to give you the vehicle you need, without tying up capital into long-term agreements.

Find out how our flexible vehicle hire options work by giving us a call today.

Call 0345 222 1022 or email info@psdvehiclerental.co.uk to get started.