Business Lease cares for the people of Ukraine

We are deeply concerned about the current situation in Ukraine and our thoughts are with all the people who are living through this horrible tragedy, whether fleeing their homes or fighting for their freedom.

As a company, Business Lease in Czech Republic, Slovakia, Poland, Hungary, Romania and in The Netherlands, is supporting with what we do best – Care and Mobility:

1. We are providing transportation to various aid organizations

2. We are providing material support to provide comfort to those who need it

3. Through our charity foundation Because We Care we are contributing financially, as individuals and as a company, to charities that are better positioned to offer care

We would like to express our gratitude to all our Business Lease Family for their support and contributions. We look forward to the end of all human suffering and a peaceful future.

How great service can supercharge your fleet

Focusing too narrowly on price leaves fleets at risk of losing out on the expert advice and value-added services that can save substantially more money in the long term. Here at Business Lease, we are committed to delivering leasing as a service, not a commodity. By pursuing a genuine partnership approach, we can create and deliver non-standard solutions to meet the individual needs of all of our customers.

We fully appreciate that price is important, but it should not be the only criteria used when you select a supplier. As a smaller international leasing company, we’re dedicated to being account managers not accountancy managers, and we’re proud of the Care and services we offer our clients, regardless of how many vehicles you have and where you operate them. Time invested in understanding your needs is time well spent.

E-Mobility QuickScan

Included in our services is our E-Mobility QuickScan. This tool for example, designs a roadmap for fleets to transition to electric vehicles, identifying the vehicles that can switch seamlessly to battery power, the charging infrastructure required, and helping you to rewrite your car policy to take into account the different issues involved in running EVs.

This personalized approach extends to our Driver Desk, where you and your drivers can call with questions and enquiries, including advice on choosing the right vehicle. We apply a similar customer-centric philosophy to commissioning service, maintenance and repair work, with our Call Centre experts discussing with the driver the work required and the most convenient time for this to be done, before booking an appointment with a garage. Working this way means we can not only direct the driver to our approved garage network, where we can guarantee the quality of the work, but also find a convenient time when the driver will not need a replacement vehicle, saving you money.

17 Customer Care Moments

There are so many touch points in the life of a lease vehicle for both fleet manager and driver, from invoicing and management reporting to vehicle handovers and onboarding, that Business Lease has categorized 17 Customer Care Moments. We carry out customer satisfaction surveys to measure our performance in each of these 17 moments, and we share the results honestly with our clients, identifying what is working well and where we are investing to improve our service. Our objective is to eradicate your problems.

This is why we feel it is vitally important to include a significant weighting for customer service in your tender appraisals. The savings that arise from expert advice on selecting the right vehicle, funding it in the optimum way, managing it to maximum efficiency, enjoying the flexibility to adapt a contract to meet your needs, and receiving the management information you want, when you want it and in the format that you want it, make a far greater difference to the true total cost of ownership of running a fleet than simply counting euros and cents.

To find out what excellent service really looks like, contact Business Lease at www.businesslease.com or contact Erika Korver via e-mail or phone at e.korver@businesslease.com / T +31 6 212 60 115.

Global Economic Changes Affecting the Car Market

Which processes affect the automotive industry’s production capacity, parts supply, and prices? Changes in the global and European economy are having a fundamental impact on the automotive industry. At the beginning of the year, it’s worth checking out what is expected for 2022.

Global situation of markets

Based on the financial indicators at the end of the previous year, it was clear that due to global market developments and the impact of Covid, a balanced economic environment was not expected in 2021. In the third quarter of 2021, the recovery of the global economy from the crisis continued to slow, while another wave of the coronavirus epidemic and emerging virus variants caused a renewed increase in the risks surrounding recovery.

Rate of inflation

Inflation has risen in many countries, including the Central European countries. One of the reasons for this is the sharp rise in energy and raw material prices and the supply difficulties in developed regions. Based on the price increases announced so far in the beginning of 2022, economic analysts do not expect a positive effect on inflation. Even without the impact of declining energy prices, price increases can be significant, including rising car prices.

What is expected? It is difficult to predict market developments in this volatile market situation, but the Monetary Council forecasts that inflation may return to the tolerance band by the end of this year.

” Thanks to proactive central bank measures and the effects of the epidemic and the gradual reduction of external inflationary effects, tax-filtered core inflation is on a declining path from the second half of next year. Inflation will return to the central bank tolerance band in the fourth quarter of 2022 and will reach the 3 percent central bank target in the first half of 2023. The consumer price index will be 4.7–5.1 per cent in 2022, in line with the inflation target from 2023. ”

Monetary Council meeting of 14 December 2021.

Development of commodity prices

Significantly higher raw material prices due to the epidemic Most news is about energy prices, but automotive raw materials such as aluminum, steel and rubber are experiencing similar increases in prices.

The first half of 2021 was marked by exceptionally high price increases in the commodity market, as demand doubled with economic reopening following the easing of the coronavirus epidemic, while the supply side caught up more slowly. Our most important raw material is crude oil, which rose 44% last year. Economic analysts are divided on the further development of the oil market, but agree on one thing, the rise in prices will not stop.

Rises in some commodity prices over the past year:

Metals: Aluminum: ↑63% – Copper: ↑42% – Stainless steel: ↑50%
Plastics and rubber: PVC: ↑55% – Abs: ↑25% – Pet: ↑55% – Vinyl: ↑107% – Nitrile: ↑69%
Shipping:  to China-Europe: ↑385%
Energy: Oil: ↑44% – Electricity in Europe: ↑169% – Gas in Europe: ↑486%

The reasons for the continuous price increases are the following:

  1. Simultaneity – The simultaneous relaunch of global economies following the health crisis has caused massive demand
  2. Growing demand – Strong global demand – especially in Asia – leading to shortages of raw materials first and significant price increases
  3. Transport problems – Continuous disruption of the global supply chain, congestion in ports and lack of transport capacity

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