THE flexible leasing and car subscription provider, SOGO Mobolity, says that a programme of flexible leasing is the answer for SME fleet mangers to overcome uncertain and difficult economic conditions.
With the Bank of England predicting a recession in the final quarter of 2022, and against a background of rising energy costs and soaring inflation, SOGO suggest fleet managers should consider increasing the share of their fleets using flexible leasing.
As the economy faces significant challenges, it’s vital to get the right mix of leasing models. Flexible leasing allows short-term demand to be met without the problems of a long-term commitment
Karl continues that flexible leasing, especially in an uncertain market, frees capital from the balance sheet that can be deployed elsewhere in the company to fund growth.
“While many managers are not in the position to transition out of traditional lease models immediately, I think it’s useful to start thinking about the mix across your fleet.”
SOGO has seen significant growth in the last 12 months offering SMEs and corporates an ultra-flexible approach that provides leasing from one to 12 months for cars and commercial vehicles.
It is also supporting the transition to net zero through purchasing carbon offsets from the bp Target Neutral service, which helped SOGO customers offset over 5,200 tonnes of carbon in its first 12 months. The overall figure for carbon emissions offset is equivalent to the electricity production of 3,250 homes for one year or 8,900 flights from London to New York.
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