VEHICLE, PLANT & EQUIPMENT HIRE
Rent, Hire or Lease?
Flexibility and peace of mind maybe… but, says Ainsley Fraser, read the small print first, not later.
Unsurprisingly, the nature, variety and diversity of operations in the waste industry is served by an equally wide (and sometimes bewildering) range of options to rent, hire, lease or buy vehicles, plant and equipment to do the job. Which option you choose will very much depend on individual circumstances – but there are some common basics, especially when it comes to terms and conditions – and the obligations for care of the asset whilst it is operating on hire or contract with the end user. Generally, the options fall into three basic categories
– short-term rental or spot hire, longer term contract hire or straight lease. With all of them, the first golden rule is simple … read and understand the T&Cs and the small print at the outset, because it’s a lot easier to deal with issues and queries now than a potential dispute later on. And rule number two is to consider carefully which company you want to go to. The main ones will almost certainly belong to the BVRLA (British Vehicle Rental and Leasing Association –
www.bvrla.co.uk ) which has an established, mandatory Code of Conduct and a whole range of helpful information and publications, including the industry’s best
‘Fair Wear and Tear Guide’ to help quantify return conditions at the end of a term. BVRLA spokesman, Jamie Fretwell told us, “The guide
can be used to eliminate many of the concerns about end-of-contract charges, as it highlights the acceptable and unacceptable conditions for returning a vehicle
– from scratches and stone chips to trim damage and scuffs. BVRLA members can provide waste companies with affordable access to a range of specialist vehicles, but we recommend that all operators check the terms and conditions of their agreement thoroughly before signing a contract.” “Another good reason why it’s very important and
sensible to negotiate the finishing terms at the start of the contract is because the people involved may well have moved on by the time it comes to an end”, one industry insider revealed. “Then it can get messy trying to settle end of term or legacy issues with people who were not even involved at the outset.” The new Alternative Dispute Resolution regulation
64 SHM December 2015/January 2016 Issue 121 Register your email for news and updates at
www.skiphiremagazine.co.uk
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