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Full Maintenance Lease
A Full Maintenance Lease (FML) is a fixed
monthly payment determined by the choice of
vehicle, period of usage and kilometer
requirement. The payment includes all
maintenance, licence and registration costs
as well as roadside assistance. In terms of
the maintenance component, the FML agreement
allows for all maintenance, repairs and
replacement tyres, the only exclusions being
top-up oil, accident damage and repairs as a
result of negligence and/or abuse of the
vehicle.
Operating Lease
An Operating Lease (OPL) is calculated on
the same principle as the FML agreement but
excludes tyres and maintenance. The benefits
remain the same but the risk on the
maintenance component is transferred to my customer.
An OPL may also be structured to our managed
maintenance products.
Sale and Leaseback
A sale and leaseback involves the transfer of risk of an existing
fleet with the option of renting the
vehicles back to the customer for the
balance of the useful life this ultimately provides
a fully-maintained and
managed fleet, with a possible cash injection
to the customer.
Car Scheme
The Car Scheme option caters for individuals
that are remunerated under a cost to company
structure, who choose to sacrifice some of
their monies in lieu of receiving the
benefit of a company car.
Eqstra Private Lease
Now the private consumer can also enjoy the
benefits of leasing with Eqstra Private
Lease, historically only individuals who
received a car allowance from their employer
qualified to lease, this change has created
a new opportunity for EFM under the
individual leasing company, Eqstra Private
Lease.
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