How to manage license-free car leasing

Discover how to manage and offer license-free car leasing: expert tips, key steps, simplified rental process, and optimized leasing.

Leasing of license-free cars is becoming increasingly popular among individuals and professionals looking for a simple, cost-effective, and accessible mobility solution. As a flexible alternative to purchasing, this type of long-term rental allows drivers to stay mobile without the financial burden of ownership, all while keeping their budgets under control. But what are the benefits for rental companies, and how can you implement a leasing contract tailored to this specific market? In this article, hitech, a fleet management software provider, walks you through everything from how leasing works to best practices for managing leasing agreements.

What is license-free vehicle leasing?

License-free vehicle leasing allows you to rent a vehicle over a set period—typically between 12 and 60 months—for a fixed monthly payment. These contracts often include maintenance, insurance, and roadside assistance, providing a turnkey solution for users who prefer not to buy. Designed for drivers without a standard driver’s license—such as young people, seniors, or those in career transition—license-free car leasing is attractive for its easy accessibility and flexibility. It offers an alternative mobility solution that aligns perfectly with today’s need for flexibility and cost control.

License-free car on a leasing plan: What are the benefits for rental companies?

Offering a license-free car on a leasing plan is a real opportunity for rental agencies looking to diversify their services and tap into a rapidly growing customer base. This market appeals not only to individuals without a standard driver’s license but also to a wide range of users including young drivers, seniors, and occasional drivers. By integrating this service into your business, you gain several key advantages:

• You retain ownership of the vehicle while generating steady, recurring revenue
• You meet the needs of a specific customer segment often seeking flexible and affordable mobility solutions
• You position yourself in a fast-growing market with high development potential
• You expand your customer base and stand out with an offer tailored to often-overlooked user profiles

Leasing for a license-free car: What are the benefits for the customer?

Leasing for a license-free car is attracting a growing and diverse customer base: young drivers, seniors, isolated users, and even individuals with a suspended license. Long-term leasing offers an accessible mobility solution without the constraints of purchasing a vehicle. In exchange for a fixed monthly payment, your customers get a ready-to-drive vehicle without having to worry about unexpected expenses or day-to-day vehicle management.

Here are the main benefits for the customer:

• No large upfront investment: buying a license-free car costs an average of $16,000
• Maintenance, major repairs, and roadside assistance are often included in the leasing contract
• No need to manage resale or deal with depreciation
• Access to a recent, well-equipped vehicle for a flexible term (12 to 60 months)
• An ideal solution for those temporarily without a driver’s license who still need to stay mobile

How to set up a license-free car leasing contract

Setting up a license-free car leasing contract requires clear commitments from both the customer and the rental company. As a professional, you are responsible for delivering a complete and reliable service throughout the entire leasing period. Below are the key steps to follow to create a compliant and secure contract:

• Draft a clear long-term lease agreement, including vehicle usage conditions, duration, mileage limits, and the monthly lease amount
• Ensure proper invoicing and timely collection of monthly payments as agreed with the customer
• Provide the services included in the contract, such as maintenance, mechanical repairs, roadside assistance, or insurance if specified
• Organize the vehicle return at the end of the lease, with a detailed inspection to prevent disputes
• Manage lease accounting: record lease payments, track depreciation, monitor operating costs, and generate financial reports for optimal lease accounting treatment

How to choose the right license-free car leasing software

Choosing the right license-free car leasing software is essential to automate your daily tasks and maximize the profitability of your vehicle fleet. Myrentcar, developed by hitech, is the ideal solution to efficiently manage your long-term rental business. Accessible from desktop, tablet, and smartphone, it allows you to manage the entire leasing lifecycle: from creating quotes and contracts, calculating lease rates, electronic invoicing, and accounting, to maintenance tracking, payment management, and much more. Myrentcar integrates seamlessly with your information system and website, helping you reduce manual data entry and save valuable time. Want to learn more and get expert tips? Visit our blog dedicated to car leasing.