Full Maintenance Leasing
As a professional service provider, we make extensive investments into technology, methodologies and people. This combination of specialisation and expertise provides our customers with a competitive advantage. Our customers avoid the cost of managing their fleets over multiple platforms. Using our preferred dealer network, we are able to negotiate competitive prices when acquiring vehicles.
Leasing
Full maintenance leasing is a cost-effective way to manage the costs associated with the acquisition, maintenance and administration of a vehicle fleet. With fixed monthly payments spread over the lease period, you can set your budgets accurately.
We offer leasing for all vehicle classes, we undertake to review every request to ensure the best fit vehicle for your business.
We take care of the maintenance, servicing and tyre replacements, all included in the monthly lease. Our team of experts take care of the mundane fleet management tasks, so your team can focus on their core activities.
Benefits
Benefit from preferential procurement rates; advice on the best-fit vehicle for the application, the lease includes maintenance, service and tyre replacement costs. Our skilled administration team manage the day-to-day fleet tasks!
Gain greater insight into your fleet performance with regular reports on all key areas such as fleet and fuel costs, contract utilisation, speeding, frequency of incidents and traffic offences.
Sale and Leaseback
A sale and leaseback option takes place when EQSTRA purchases your fleet and then leases the vehicles back to you. You continue to have use of the vehicles without the risk of ownership.
Finance
Low or no deposit terms
Lease payments are tax-deductible in line with IFRS16
Full financial reporting
Vehicle procurement activities, customers benefit from our negotiated pricing
Maintenance
Bundle vehicle maintenance, servicing and tyre management into your lease payments
Avoid unforeseen costs linked to maintenance, servicing and tyres through active management
24-hour support from our supplier network
Benefit from our negotiated rates
Flooring
"Eqstra has reliably supplied the requirements of the fleet management contract we have with them. We are supported by way of continuous meetings, audits and reports that exceeded our expectations."
Elevators & escalators
"We have been in partnership with Eqstra since 2014. We have contracted with Eqstra for full maintenance lease and other support services. We would highly recommend Eqstra as the provider of fleet management services for your fleet of vehicles."
Beverages
"Together, over many years, we have developed and fine-tuned our management and reporting structures to a point where these structures timeously deliver all the data required by us and our team to help us make quick and informed decisions regarding our fleet."
Elevators & escalators
"We have been associated with Eqstra since 2019. Eqstra manages our technical and sales fleet under their full maintenance rental (FMR) product together with other fleet management services including fines management, fuel and reporting."
Manufacturing
"Eqstra was awarded the contract to supply us with fleet management services in 2004. The contract is for the supply of vehicles under their full maintenance rental (FMR) service including fuel and toll management and vehicle tracking. We benefit from Eqstra's integrated fleet management reporting."
Vehicle OEM
"We have enjoyed the benefit of Eqstra's services since 2008. We contracted with Eqstra under their full maintenance lease service and we highly recommend them as a provider for anyone looking for fleet management services."
Material handling equipment
"Our business arrangement with Eqstra began in 2007 and today we have a substantial fleet of vehicles on full maintenance lease. We extended the services to include tracking and stolen vehicle recovery, eToll management and roadside assistance. Eqstra has reliably supplied the requirements of the contract."
Courier & logistics
"Since 2007, Eqstra Fleet Management has been contracted to supply the following services: full maintenance lease, service scheduling, uptime management, short-term vehicle rental, vehicle tracking with driver ID, proxy management, driver training and short-term vehicle insurance with accident repair management. We are supported with continuous meetings and Eqstra meets all reporting requirements."
Frequently Asked Questions about Fleet Leasing
Fleet leasing is an excellent way to reduce fleet risk and cost, but is it right for your business? All of your common questions on full maintenance fleet leases answered below:
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Why lease instead of buy?
Leasing means the risk of vehicle ownership does not rest on your core business. Benefit from preferential procurement rates; advice on the best-fit vehicle for the application, the lease includes maintenance, service and tyre replacement costs.
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What if I already own my fleet vehicles?
A sale and leaseback option takes place when EQSTRA purchases your fleet and then leases the vehicles back to you. You continue to have use of the vehicles without the risk of ownership.
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Can I choose the exact vehicles to lease?
A key benefit to leasing through a professional fleet partner is that we have access to preferential rates with all major vehicle manufacturers. We will work with you to ensure all vehicles perfectly fit the purpose of your fleet and acquire them at the best possible rate, which translates into savings for your business.
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What if I need specialised vehicles?
We will source the exact vehicles you need and can help you with modifications if needed, all at preferential rates from approved and reliable suppliers.
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Can we purchase the vehicles at the end of the lease term?
Yes, this can be arranged at any time during the lease period.
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What interest rate do you offer on lease vehicles?
The interest rate depends on the customer’s profile, type and size of fleet, and how the lease agreement is structured. We do a full assessment for each client to find the most cost effective solution.
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What happens if vehicles break down or need maintenance?
We take care of the maintenance, servicing and tyre replacements, all included in the monthly lease.
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What is ‘best practice’ or the most popular type of fleet lease agreement?
Full maintenance leasing is a cost-effective way to manage the costs associated with the acquisition, maintenance and administration of a vehicle fleet. With fixed monthly payments spread over the lease period, you can set your budgets accurately. You also have access to 24-hour support from our supplier network.
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Exactly how does leasing benefit my business operations?
Owning a fleet means regular unexpected costs and staff who are dedicated purely to fleet operations. Opting to lease means you pay a fixed monthly instalment and fleet operations no longer need to be done internally. This allows you to work on a clear budget for your business operations without the risk of unexpected fleet costs.
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How does leasing affect my finance department?
We can arrange no, or low, deposit terms depending on the exact vehicles you need. Lease vehicles are tax deductible in line with IFRS16, and you will receive full financial reports to support your finance requirements.
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Do I have full access to my lease vehicles?
Yes, this is still your fleet and it’s sole purpose is to support your core business operations. You still have full control over your fleet.
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Aside from reduced risk, what other benefits do you offer?
You will have access to insight into your fleet performance with regular reports on all key areas such as fleet and fuel costs, contract utilisation, speeding, frequency of incidents and traffic offences. This means you can make informed decisions on any changes needed to your fleet.
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Do you assist with driver management?
We offer all types of driver assistance from incentives and full driver management to recommending training if needed, especially if you have a specialised fleet.
Fleet leasing is the best way for companies to reduce fleet costs and minimise risk to their business. Over the past few years most companies have been laser-focused on cutting expenses and no matter what size or type of fleet is needed, opting to lease instead of buy always has a positive impact on the bottom line.
Fleet leasing is not new in South Africa, but the increase in demand means companies now have access to more leasing options than ever before. EQSTRA offers a variety of fleet lease options that can be tailored to suit the needs of each individual customer. Every business has its own specific fleet needs and it’s important to create a fleet leasing solution that consistently optimises performance, cuts costs, and removes fleet risk from affecting the core business.
Contact EQSTRA to speak with an expert for a free consultation to see whether a fleet lease solution can work for you.