Want to Save more and Pay Less for your lease vehicle?
Econolease is a product utilising NZ pre-leased vehicles that have been well maintained with low mileage. Econolease incorporates all the benefits of a FleetPartners operating lease, with potential savings in lease rental and Fringe Benefit Tax value.
With the choice of term anywhere from 6 months to the maximum term of 45 months, Econolease is a great way to reduce fleet operating costs where the need for a brand new vehicle is not required.
Ideal for companies who:
- Are looking to reduce overall vehicle cost structures
- Have a short term requirement e.g. for projects and assignments
- Require flexibility in their vehicle options for such things as seasonal operation, e.g. utilities, vans, station wagons, trucks, trailers etc.
- Have contract staff - locally or from overseas
- Are capital and/or cash sensitive
Features and Benefits
Features
- Lower FBT exposure
- Cost effective option
- A range of near-new makes and models
- Available for shorter periods
- Able to match specific contracts
Benefits
- Normally lower instalments than new vehicles
- FBT payable lower than that on new vehicle due to a lower market value at the commencement of the lease (passenger and light commercial vehicles only)
- No maintenance risk for second hand assets