Spot Hire

Spot or flexible vehicle hire is exactly what you think. Instead of having fixed terms in place, you'll be able to rent vehicles on a flexible basis. It acts as an alternative to signing long-term contracts, or committing to long leases. The main difference between contract and spot hire is that once your lease is up, you can choose to hand the vehicle back, or continue the hire - the choice is yours.

Key considerations with spot hire

The main difference between contract and spot hire is that once your spot hire agreement is up and running you can choose to hand the vehicle back or continue with the hire - the choice is yours.

• Usually, you'll pay a fixed amount charged on a continual basis, which will cover mileage (unless you exceed the limit), maintenance and road tax.
• Spot hire is becoming an increasingly popular hire option in the current climate, as some businesses find the freedom to return vehicles when they no longer need them extremely valuable, especially during seasonal periods.

Spot vehicle hire: the pros and cons

When you don’t want the long-term commitment of contract hire, or you simply require an additional vehicle for one day or for a month or more, a flexible vehicle hire option is your best option.

At Fiveways you can easily increase your fleet’s capacity at the guaranteed price - unlike if you were to invest in a fixed-term contract commercial vehicle hire.

With spot hire, you'll also get:

• Freedom of no long term commitment
  Unlike contract hire, you aren't obligated to commit to a long-term contract - you can simply return the vehicle when you no longer need it. Yes, it really is that simple.
• Guaranteed costs, no hidden fees
  Like contract hire, you'll have to pay a fixed initial payment; however, unlike the other option, you won't be subject to hidden fees. You'll only pay for the use of the vehicle, and not the expensive extras that can come with other hire options.
• Ability to increase or reduce your fleet capacity to meet requirements
  Perhaps the biggest benefit of flexible hire is that you're able to easily scale or reduce your fleet to meet fluctuating demand - something that isn't possible with a contract.