2 minute read
Professional Development: Driveline
from FYI March 2021
The time to focus on cash is now!
Over the past few weeks, we have been contacting our existing clients as a direct response to the COVID-19 crisis. We have been working closely with them to put together, not only some relief packages to get them through the next three to six months, but also some great finance deals on new and, more interestingly, second-hand cars including ex-lease and ex-rentals.
“Cash is king” at the moment, with everyone’s main concerns being: how do we preserve, protect and manage cash flow better? There is no more appropriate time than now to review how we manage a fleet going forward.
A great example of this is the question around upgrading a vehicle with a “new vs second-hand option”. Enquiries on secondhand leasing are up over 400 per cent in the last few weeks. With more than 40,000 rental vehicles hitting the market soon, along with the normal run of ex-lease vehicles coming on line each month, second-hand vehicles present some excellent savings, not only with finance or lease costs but also fringe benefit tax (FBT) savings which are often overlooked.
Call the team at Driveline for some great ideas and initiatives that the team have been working on with our clients. Our amazing
Driveline directors, Lance Manins and Paul Tobin
bunch of consultants will point you in the right direction.
Driveline offers New Zealanders smart, customised approaches to vehicle sourcing, leasing and finance. Covering everything you need, we were formed in 2001 to provide a complete vehicle supply and finance service for our customers – from establishing requirements to sourcing the perfect commercial or private vehicle, fleet, trucks, heavy equipment or capital equipment, whether new or used, and we can organise the accessories, fit-outs, sign-writing, warranties and financing.
Not affiliated with any car manufacturers, Driveline’s only obligation is to you, the customer.
This means that, unlike car dealerships or big financing companies, we are never locked in to one specific make, model or payment plan. The client’s needs always dictate the final result. Now that’s refreshing!
With a focus on individual clients and the small-to-medium business market (one to 60 vehicle fleets), Driveline provides expertise to organisations and people who may not have the experience or in-house fleet management resources.
We give you complete confidence in financing your next vehicle, with independent and expert advice and flexible finance packages.
Our experienced consultants can help you figure out what’s the best vehicle for you. They go to market to negotiate the best deal for that vehicle and finally they work through the right finance option for you and your business.
