The leasing sector is thinking ahead to new mobility solutions
27 March 2019 - 3 min Reading time
The traffic congestion in our country is not getting any better. With the support of the Belgian Leasing Association (BLV), the Brussels Studies Institute examined the impact of company cars on the environment and traffic.
The Belgian leasing sector acknowledges its responsibility and is considering new mobility solutions and alternatives to company cars. However, the sector believes that a transition period is necessary to thoughtfully approach the shift towards these new and alternative solutions.
Mobility as a service
The leasing sector sees great potential in "mobility as a service." The goal of this concept is to better organize daily mobility by combining various modes of transportation. It represents a shift from the model where we personally own our means of transportation to a combination of various transport services, both public and private. Public transport, bike rentals, taxi services, car-sharing services, and more can be integrated into a single service.
Leasing companies also see a role for themselves in such a system. For example, they can lease cars to car-sharing companies. The sector is exploring the role it can play in this regard and is monitoring mobility solutions emerging from the sharing economy.
More efficient public transport
Leasing companies finance not only company cars but also trucks, buses, machinery, and buildings. In doing so, the sector significantly contributes to the renewal of buses for public transport, where hybrid and electric alternatives are also gaining popularity.
Thanks to leasing, public transportation companies can deploy better and newer means of transportation. This is crucial if we want to convince car users to trade in their cars for buses or trains.
Most environmentally friendly fleet
Furthermore, the leasing cars currently offered by the sector are the most environmentally friendly cars on the market. The short duration of leasing agreements (4 years) means that the average age of a leasing car is only 1.5 years, while a private car is on average 9 years old.
In addition, the Belgian Leasing Association observes that diesel cars in the leasing car fleet are losing ground to electric, gasoline, and hybrid cars. So, the leasing car fleet also includes more and more environmentally conscious cars with lower CO2 emissions.
