Car leasing is becoming very popular in the UK as drivers now understand the advantages of low monthly payments and the chance to change models every few years. In fact, the entire vehicle rental and leasing industry is booming, as it contributes around £49 billion to the UK economy each year and provides jobs for over 465,000 people.
If you decide you want to lease a vehicle, you’ll need to work out whether you should use a dealership or an independent leasing broker. It is more common for leading leasing brokers to have relationships with different leasing companies, which entails that the customer can have more choices and sometimes get better rates. Car leasing brokers are certified by the British Vehicle Rental and Leasing Association (BVRLA), which is a good indicator that they are trustworthy.
Brokers take much of the hard work and stress out of the leasing process. Have it in mind that they also work well for consumers who prefer the ease and convenience of sorting out their affairs on the phone or online, as this is at the centre of how leasing brokers operate.
The automotive industry is a great sector to join – it is diverse, profitable and almost completely recession-proof. From vehicle repairs to maintenance products to mobile tyre replacement, there are businesses offering a huge variety of products and services.
The best part is, you don’t even need experience in the automotive sector to be a highly profitable franchisee. As long as you are driven, business-oriented and committed to the brand, you’re in a good position to become a successful business owner.
As you can see, the car leasing market shows some promising signs and joining a car leasing franchise may be a good opportunity to explore. Properly explained below are top franchise opportunities to consider in the United Kingdom.
8 Car Leasing Franchise Opportunities in UK and Their Cost
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Green Motion – £39,950
Green Motion is an award-winning global van and car leasing franchise, which was founded in the United Kingdom in 2007. It operates in 26 countries, including the United Kingdom. It leases green vehicles that help reduce CO2 emissions and improve fuel economy.
In the UK, Green Motion offers different bundles of franchises, with individual franchises available in every region. Initial start-up cost is a bit above £39,950 and a minimum personal investment of 40% – 60% for a standard location. Green Motion offers a full range of training services specifically developed to meet the various demands of modern consumers.
- Franchise Investment: £39,950
The Fleet Alliance Group
This is one of the UK’s largest independent providers of leasing and fleet management solutions. Their award-winning services span from consumer to corporate; private individual leases to full-scale fleet management. As the first to introduce a franchise offering in 2002, Fleet Alliance is the longest-standing and most successful provider of broker partnerships in the UK. Primarily aiming at the SME sector, all Appointed Representatives can realise a healthy and profitable business within a few months.
All dedicated support staff, based at the head office, are trained in all aspects of the business and offer considerable experience in dealing with any day to day issues you may encounter – all are equally motivated to assist you in your success.
Fleet Alliance provide a complete solution to assist you with the leasing of cars and vans – their share of the proceeds of your sales is completely visible to you – everything is transacted through the industry leading IT systems so that you stay in control of your customer information and the status of their vehicle orders – while both you and the franchise take the burden of the administrative roles that inevitably are required.
- On Demand
Practical Car & Van Rental
Practical offers economic car and van rentals! It has 150 locations across UK and 3,000 vehicles in its fleet. The initial franchise fee is £7,812& £9,986, dependent on your area’s size and demographic. Ongoing system fee is 6% of rental income and creative marketing fee is at 2%. If you have an existing business and you want to offer Practical as an add-on, you need to have a £17,540 working capital. On the other hand, free-standing sites may require a £87,616 investment.
- Franchise Investment: £17,540
They are known to offer car leasing and vehicle finance broker franchise opportunities throughout the UK. Multileasing take pride in offering a ONE STOP SHOP car leasing and vehicle finance broker franchise opportunity to only the most appropriate business minded individuals that are dedicated to offering clients the ultimate service.
Multileasing will help you with all of the administration and back up services thus allowing you to shine and develop into the quality, professional car leasing and vehicle finance broker that you always thought you were.
- Franchise Investment: £4995.00 +VAT
Car on Demand
Established in 2003, they specialise in short term vehicle leasing ranging from just 28 days through to 24 months, and offer customers the opportunity to hand back their vehicle at any time through the use of a rolling lease contract.
This company coordinates a fleet of more than 600 vehicles across the UK that total in excess of £14M in value, and their customer base consists largely of small to medium sized businesses across the UK, that have a need to provide vehicles to employees or contract workers, without the costs involved in purchasing and maintaining a fleet of cars.
- On Demand
This company treats franchisees as an extension of their in-house team and are driven in the quest to make each franchisee a successful venture whilst maintaining the freedom and autonomy that are typically desired by franchisees.
Car leasing and vehicle finance broker franchisees can realize a healthy and profitable business within a few months, however a Move Vehicle Leasing franchise is not a get rich quick scheme. Note that a MVL car leasing and vehicle finance broker franchise is a genuine long term business opportunity to which there are no boundaries.
Governed by yourself and your motivation to succeed, your business grows into a full-fledged car leasing and vehicle finance broker sales office, and with support and assistance, it is possible to grow as much or as little as you wish and more importantly at your own pace. Dedicated administration and sales support staff are trained in all aspects of the business and offer considerable experience in dealing with any day to day issues you may encounter.
- Franchise Investment: £2,995 +VAT
Calas is NOT a franchise, instead it is a software company that has been in development now for many years and is a product specifically written for clients who operate as or wish to operate as Vehicle Leasing Brokers.
Note that they provide not only the Leasing Brokers website but also a full Client Management System, Marketing facilities and much more. Calas is an acronym for Countrywide Automotive Leasing Administration System. As the name suggests, they have Vehicle Leasing Brokers using their software throughout the UK.
- Franchise Investment: £495 + VAT initial setup fee.
360 Autoleasing is offering regional car broker franchise opportunities to entrepreneurs who share its vision. The brand was started by a team of knowledgeable motor experts with a combined total of 60 years in the industry. Note that by becoming a 360 Autoleasing franchisee, you’ll join an established brand with a proven business model that you can replicate in your local area.
This car franchise also has a sales and admin team that will provide you with all the essential training and ongoing support. It’s not mandatory to have experience in the sector, but business acumen, a dynamic personality and an ability to think creatively are a must.
- Franchise Investment £1,995
- Monthly management fee – £199.
A car leasing franchise with its low-entry barrier and easier setup, can be a viable business opportunity for anyone seeking to start an automotive business. However, before you invest in any, ensure to run your research and verify all presented facts.