How it works
Renting your vehicle shifts the market risks to the rental company
- The vehicle rental contracts require a minimum upfront payment* of 35% of the value of the vehicle. (*non-refundable)
- The up-front payment includes vehicle capital reduction, first month’s rental, security and key deposits and acquisition fee.
- You will have the obligation to maintain the vehicle, avoid damage and not exceed the agreed monthly kilometres.
- There are no unexpected costs at the end of the contract as all costs are discussed and agreed up front.
No unexpected costs
at the end of the contract
Executive Mobility makes sure that all costs and terms & conditions are discussed and agreed up front.
- At maturity of the contract, you may return the vehicle to Executive Mobility and have no further obligations. You are then free to enter into a new rental agreement on the vehicle and rental arrangement that fits their lifestyle and pocket.
- At maturity of the contract, should you wish to extend the rental agreement, Executive Mobility can custom tailor the rental contract and you can continue driving the same vehicle.
- At any time during the term, including at maturity, should you wish to purchase the vehicle, Executive Mobility will provide you with the purchase cost. The rental agreement would be early terminated at a small charge and a new separate agreement would be entered into for the purchase.
- At any time during the term, if you wish to change the vehicle, you can contact Executive Mobility who will work with you to exit the current rental agreement for a new one.
- Comprehensive insurance of the vehicle in the event of accidents
- Manufacturers’ maintenance and warranty plan for the rental term on new vehicles, balance of manufactures maintenance and warranty plans on used vehicles and where necessary top up plans are included.
- An upfront agreed monthly kilometre usage, typically 2,100km per month but a higher milage can be agreed on upfront. Should the kilometre usage start to exceed the contractual amount, the remaining rental agreement can be adjusted to cover the excess usage.
- A tracking and recovery device
- Clear excess wear and tear guidelines in order to prevent unexpected costs at the end of the contract