Operating Lease

FleetPartners Operating Lease module saves you the hassle of managing costs and the on-going maintenance of your fleet. You only pay for the use of equipment and not its ownership. You simply make monthly payment for a specified term without intent to own the vehicle.

FleetPartners operating lease offers peace of mind and budgeting with a set rental payment each month over a fixed term. At the end of the lease term, provided the vehicle is in good condition and has been properly serviced and maintained, FleetPartners will accept the residual value risk. This means that all residual value risk are removed from your fleet.

Operating Lease usually qualifies for “off-bälance-sheets” treatment, which means the payment is written off each month as an operating expense in pre-tax Naira. Our Operating Lease is a cost-effective alternative to business loans or equity funding and will allow you to transfer the value of your fleet off your balance sheet. This releases precious capital back into your business increasing cash flow and converting your fleet to an ongoing operating expense.

At the end of your lease term, all you need to do is hand back the vehicle and take up a new Operating Lease. This eliminates the issue of depreciating vehicle assets from your business. As the lease nears its expiration date, simply choose your next step from a range of end-of-lease options including upgrading to newer models, extending your current lease or returning your vehicle. At end of the lease you can decide to:

  1. Continue the lease
  2. Upgrade to a new vehicle
  3. Purchase the vehicle
  4. Return the vehicle to FleetPartners

FleetPartners Operating Lease comes with a range of value added options and benefits that can be customised to meet your unique needs. We are different in our product offering.We see you as a partner, not only a client and as such, we try to ensure you are provided with the very best in service. Our Operating Lease comes in two offers:

Fully Maintained Operating Lease

Our Fully Maintained Operating Lease is available for all fleet types. It consolidates all costs into one monthly payment that covers everything from lease payments, service, preventive and corrective maintenance, vehicle tracking, drivers, vehicle licensing and papers etc. A Fully Maintained Operating Lease removes all residual and maintenance risk from your fleet and is borne by us.

Non-Maintained Operating Lease

If you prefer to manage the maintenance and repairs of your vehicles whilst taking company vehicles off your balance sheet, then a Non-Maintained Operating Lease presents a simple, straightforward financial solution to fund your fleet.

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