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Nationwide Vehicle Contracts explain the difference between the different types of short-term lease options available and the pros and cons of each option

Whether you’re looking to hire a van for the weekend or a car to see you through the next 12 months, Nationwide Vehicle Contracts has a wide range of flexible hire and rentals options to suit you and your budget.

Available as an alternative to long term leasing (of between 2 to 4 years), flexible car leasing is a great solution for personal and business users who do not wish to commit to longer term contracts, up-front rentals or arrangement fees. With rental options from one day up to 12 months, flexible leasing is a great solution for drivers who:

  • Need a “stop gap” whilst awaiting delivery of their new lease vehicle
  • Need a vehicle for a short period of time, such as for contractual work or a business trip
  • Are looking for a comfortable mode of transport for a leisure trip with family or friends
  • Need to meet an unexpected/short term increase in business demand
  • Need to provide a vehicle for temporary or trial employees
  • Are a start-up company with little to no credit history

But is short-term leasing the right option for you and what are the pros and cons? To help explain the difference between the different types of short-term lease options available, Nationwide Vehicle Contracts has put together a short guide to talk you through the pros and cons of each option.

Daily Car and Van Hire (one day to 28 days)

Daily car or van hire is the ideal flexible hire option for customers who are looking for a short term solution for up to 28 days. Thanks to our partnership with Europcar, Nationwide Vehicle Contracts offer a wide range of short term deals to suit every occasion with savings of up to 20% off car hire and up to 10% off van hire.

Pros

  • Available to personal and business customers
  • Insurance cover is included in the rental
  • High availability of vehicles at over 200 locations across the UK
  • All vehicles are under 6 months old
  • No long-term contract commitments
  • Flexibility of being able to fluctuate between cars and vans depending on business needs
  • All vehicles are fully maintained and include breakdown and recovery cover
  • Ideal for customers who do not wish to undertake a credit check

Cons

  • Deposits can tend to be higher
  • Drivers must have a full and valid driving licence for a minimum of 12 months
  • Drivers must be aged 22 or over to rent a vehicle
  • Vehicles are organised by category so you may not be able to pick the specific vehicle you want
  • You are not allowed to make any modifications to the vehicle
  • Mileage limits can be restrictive and expensive
  • Additional fees apply for delivery and collection

28+ Rental (28 days to 90 days)

Business customers looking to rent a vehicle for longer than a month may want to consider a 28+ Day rental option. Available for periods of up to 90 days, a wide range of short-term cars and short-term vans are available exclusively for business users.

Pros

  • Rates can often be cheaper than day rates
  • No long-term contract commitments
  • Option to update your vehicle as often as every 30 days
  • High availability of vehicles available at over 2000 locations throughout the UK
  • Delivery available in just a few hours and can be delivered direct to your door
  • High quality of vehicles when it comes to comfort, technology and style, as well as age
  • Flexibility of being able to fluctuate between cars and vans depending on business needs

Cons

  • Available to business customers only (excluding start-up businesses and sole traders)
  • Rental agreement subject to status and credit acceptance
  • Rates exclude insurance, fuel, delivery and collection and VAT unless otherwise stated
  • Rentals collected from an airport location will have an 18% surcharge applied to the daily rate
  • Vehicles are organised by category so you may not be able to pick the specific vehicle you want
  • You are not allowed to make any modifications to the vehicle
  • Mileage limits can be restrictive and expensive

3-12 Month Rental (3 months to 12 months)

For longer term lease options of between 3 and 12 months, business customers can take advantage of special short-term lease deals with Nationwide Vehicle Contracts. Business customers are able to choose not only their vehicle make and model, but also the mileage allowance required from a range of variable options. Take a look at some of our great car deals and vans deals available with zero deposit, along with servicing, tyres, repair and a recovery contract.

Pros

  • Includes Servicing, Repairs, Tyres & Recovery
  • Nil deposit and payment in arrears
  • Choose your vehicle make and model
  • Variable mileages available
  • No early termination charges
  • Free collection and delivery

Cons

  • Available to business customers only (excluding start-up businesses and sole traders)
  • Rental agreement subject to status and credit acceptance
  • Rates exclude insurance and VAT unless otherwise stated
  • Minimum 84 day hire period
  • £250 damage waiver
  • You are not allowed to make any modifications to the vehicle
  • Mileage limits can be restrictive and expensive

Find out more about Short-Term and Flexible Car Leasing by calling Nationwide Vehicle Contracts on 0345 811 9595 to speak to our experienced short-term specialist about the right option for you.

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