We partner with the UK’s biggest funding houses through what’s effectively a competitive tender, getting you the best prices. We’re fully independent of vehicle manufacturers and dealer groups too.
Tell us the types and numbers of vehicles you need us to fund.
We’ll work out your savings using our whole life analysis and funding panel.
Save money while ensuring you have a safe and compliant fleet
Wessex Fleet gets you the most competitive funding solutions alongside the best value lease vehicles through cost effective tendering. Accessing 100s of brand-new vehicles from leading manufacturers around the country, Wessex Fleet’s panel of funders could save you as much as £369,000 over a three-year period.
In the table below you can see how the Audi Q4 E-tron 82 kWh S Line 5Dr Auto shaped up via competitive tendering. We ran quotations across a panel of funders. By identifying the most competitive finance provider, you can see in the table how this could save you over £200 per month. If you applied this across a 50-vehicle fleet over a three-year lease term, competitive tendering could save you over £369,000.
Regardless of who funds different vehicles, they’re managed by one portal, the best of both worlds: lowered costs with heightened convenience.
Save up to 10% on leasing via a panel of funders with constant access to market-leading rates versus acquiring vehicles through one funder.
You can choose different funders for new vehicles up for renewal if they’re more competitive at the time, without added management complexity.
We get you the best purchase prices by securing major discounts via our network of dealers and can source almost any make, model or spec.
This informed approach to fleet acquisition, analyses and compares all the costs associated with running particular vehicles across the contract.
Contract hire is a long-term rental, ideal for budgeting, where the company leases the vehicle for a set time, paying a fixed monthly cost for the duration.
Finance leasing gives your business access to a range of options at the end of the agreement, and shows on your company’s balance sheet as an asset.
A business vehicle rental works particularly well when you need a vehicle for a new starter or to plug a short gap in vehicle availability.
Access extensive financial savings in the long and short term, as well as environmental, corporate and social benefits through this scheme.
Get your funding right and the rest follows much more easily. Get it wrong and you’ll face an uphill battle. Wessex Fleet offers a wide range of finance methods, so you can choose the best options to suit your business.
The most popular methods for funding your fleet are:
Contract hire
As one of the main ways a business can lease vehicles, contract hire lease deals offer fixed low monthly costs, flexible contract lengths, a brand-new car or van every few years and no depreciation concerns. An initial rental payment amount is followed with fixed monthly payments for the duration. The deal can be structured to keep monthly payments lower by agreeing a larger initial deposit, but the total amount will be the same.
Finance lease
With a finance lease the monthly payments are calculated in a slightly different way, and it will show on your business’ balance sheet as an asset though it remains the property of the lease funder. The main difference between finance leasing and contract hire is the options available at the end of the agreement, including returning the vehicle to the lease funder, selling it to a third party on behalf of the lease funder and entering an agreed second lease paying a peppercorn rental
Business rentals
550,000 vehicles are available at over 2,000 locations around the UK, so take advantage of Wessex Fleet’s easy-to-use booking system to hire in just a few clicks, and the vehicle could be with you in as little as two hours. If you’ve got a new starter, a gap between old vehicles leaving and new ones arriving or need vehicles that can be returned at any time, we can get you cars, vans, and minibuses at competitive rates.
Salary sacrifice
An arrangement between your business and the employee, a salary sacrifice scheme provides employees a fully insured and maintained leased electric vehicle at a much lower cost for between two and four years, in return for a portion of their pay (equal to the cost of the lease and associated services). Benefits include a reduction in salary and National Insurance costs, a better benefits package, lower business mileage reimbursement costs and a reduced employee carbon footprint.
Other methods
Other funding methods that could be considered are outright purchase, contract purchase and Wessex Flexi Funding which is a fully bespoke package exclusive to our corporate customers.
What’s included in a business lease?
Depending on the options you choose, a business lease includes the use of a brand-new vehicle with full manufacturer warranty over an agreed period, with road tax, maintenance and servicing all included, should you choose.
Is contract hire the best solution for my business?
While we’re happy to provide you with any service you request, we always recommend contract hire as the best solution. It provides businesses limited risk during the life of the contract, fixed monthly payments allowing for controlled budgets and no risk on the vehicle deposal when the vehicle is returned at the end of the contract.
Can I lease any type of vehicle through Wessex Fleet?
We can provide and manage any type of vehicle for your fleet, up to 3.5 tonnes, whether you’re looking to purchase or lease, and this includes electric and hybrid vehicles, cars, vans, minibuses, fridge vehicles and catering trucks.
Who are Wessex Fleet’s panel of funders?
We actually have access to over 25 funders, however we recommend a smaller panel for our clients to keep operations more streamlined. Our funders include Alphabet, Arval, ALD, Lex, LeasePlan, Leasys, Novuna, Mobilize Financial Services, Santander and Drivalia.
What’s Wessex Flexi funding?
Wessex Flexi funding is a fully bespoke funding package exclusive to our corporate customers. By looking at market and vehicle data sources we’re able to offer you the best price and terms for Wessex funded vehicles on a lease contract tailored to your specific needs for each individual vehicle’s requirements. Similar to long term hire, contract terms vary between 20 days and 48 months. In some cases, no termination fees apply.
What’s a contract purchase?
A contract purchase is where you pay a deposit and then a fixed monthly cost for a set period of time-based on the vehicle’s value. When you reach the end of the contracted time, you’ll have the option to purchase it for a pre-agreed balloon payment or to return the vehicle to the funder.
One of the main benefits is that if you decide to buy the vehicle at the end of the contract then you already know the balloon payment amount and so can budget accordingly. The vehicle will be an asset to the business on your balance sheets, and this can be an efficient form of funding for VAT-restricted businesses needing commercial vehicles. You’re still subject to excess mileage charges and return conditions if the vehicle isn’t kept by the business.
Why use Wessex Fleet for outright purchase?
Due to our high volume of vehicle purchases, we can secure significant discounts for our customers when we help with the purchasing process for any new vehicles. Whether you need a car, van or minibus we can offer you a quote for any make, model and specification. Wessex Fleet works with a network of trusted dealers to get the best price possible from a reliable and reputable source.
Can I use Wessex Fleet management services standalone?
Yes. Although we do offer the facility to source lease and purchase vehicles for your business you don’t have to use this service for us to be your fleet managers. Some of our customers source their own vehicles or have alternative supply arrangements.
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