In order to decrease your risk exposure, Fleet Services can provide a maintenance and repair guarantee option. This becomes a fixed part of your lease rate. This type of lease is usually called full, complete, or guaranteed maintenance. The guarantee is meant to apply to all maintenance and repairs unless there has been proven or outright neglect or abuse. However, there are always some restrictions. First of all, the term, mileage, and used car condition restrictions always apply. Other restrictions usually apply specifically to tires and oil. There may be a limit on tires, including snow tires. There may also be a limit on "add oil" as compared to oil changes. Excessive tune-ups, oil changes, tire rotation, tire balancing, and alignments may also become subjects of discussion and compromise. |
This option is similar to guaranteed maintenance and is a fixed part of your lease rate. At predetermined points, however, the budgeted maintenance and repairs are balanced against the actual maintenance and repairs incurred. Your company is then credited or invoiced for the deviation. This option guarantees the cost to a point, but there is greater responsibility laid on you to make sure your vehicles fit into the cost allowed. The same term, mileage, and used car condition restrictions still apply. |
