Jarmite generate 1000's of applications a month for customers looking to rent rather than buy a vehicle, the benefit to long-term renting is that the customer isn't locked in to a finance agreement for 3-5 years.
We warrant all the vehicles so there's no costly repair bills for the customer, we also cover all customer contact relating to any queries on maintenance or any other customer service enquiries. Jarmite pay for the road tax and arrange the return of the vehicle to the dealership at the end of the contract.
Combined with the flexibility of renting, many customers these days have trouble obtaining finance for a vehicle purchase, with Jarmite we look at the customers ability to afford the vehicle and pay the monthly rental cost. We do not credit score, but assess income and expenditure, as long as the customer can afford the monthly rental and meets a certain criteria, we can approve them.
By allowing Jarmite to either put customers in to your vehicles, or you let Jarmite approve and handle the customers you find to rent your vehicles, you can make a considerable return. You will have vehicles sitting in stock which are depreciating and not producing any profit.
If you have a vehicle which has a trade value of £6000, you could earn £3000 back from that vehicle over the next 12 months and then have the vehicle back in your fleet at the end of the 12 months to retail again all with no involvement. Jarmite will service the customer account, collect monthly rental payments and deal with any after sales issues.