attractive to many businesses because of the economic downturn,
according to GE-owned TLS Vehicle Rental.
TLS’s chief operating officer Carlo D’Ammassa said that his
company, which provides long-term rental of commercial vehicles in
the UK, has had an increase of activity in the van hire sector and
pointed at the credit crunch as the main cause for the new
trend.
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“With the general loss in economic confidence, this is very
attractive to many businesses,” he said.
“[Businesses] are unsure what the next few months will bring and
so don’t want to sign up to a three-year lease or commit to buying
a vehicle at the moment,” he added.
D’Ammassa explained that the lack of long-term financial
commitment, and the possibility of handing back the vehicle at any
time, were seen more and more often by customers as a convenient
alternative not only to buying, but also to leasing
vehicles.
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By GlobalData
