Fleetdrive Management Ltd, trading under the name ‘DriveElectric’, offers vehicles for lease through regulated financial agreements. As a credit broker authorized and regulated by the Financial Conduct Authority, they work with a limited number of lenders to provide financing options for customers. Commission or benefits may be received from finance providers, based on a fixed fee or percentage of the amount financed, which can affect the overall cost of the vehicle. In addition to vehicle leasing, DriveElectric also acts as an insurance intermediary for fleet insurance policies on a non-advised basis, receiving a commission from insurers based on a percentage of the premium.
DriveElectric’s services include salary sacrifice schemes, where employees can lease electric vehicles through their employer by sacrificing a portion of their salary. The company facilitates the arrangement of fleet insurance policies for these schemes and receives a commission from insurance companies based on the premium amount. This commission does not impact the insurance premium paid by the customer. For more information on commission disclosure or any other inquiries, customers can contact customerservice@drive-electric.co.uk. The company’s regulatory affiliations and registration numbers, including the British Vehicle Renting and Leasing Association and the Information Commissioner’s Office, provide transparency and assurance to customers regarding their operations and compliance with industry standards.
In line with industry best practices, DriveElectric aims to provide transparent and comprehensive information to customers about financing, commission structures, and insurance arrangements. The company’s focus on regulatory compliance and customer service is reflected in their authorization by the Financial Conduct Authority and their membership in the British Vehicle Renting and Leasing Association. By acting as a credit broker and insurance intermediary, DriveElectric ensures that customers have access to competitive financing options and effective insurance solutions, whether through traditional leasing agreements, salary sacrifice schemes, or fleet insurance policies.
By offering a range of electric vehicles for lease, DriveElectric supports the transition to sustainable transportation and helps customers reduce their carbon footprint. Electric vehicles offer environmental benefits such as lower emissions and reduced reliance on fossil fuels, making them an attractive option for environmentally-conscious individuals and businesses. Through their services, DriveElectric enables customers to access electric vehicles through flexible leasing arrangements while also providing support with insurance and regulatory compliance. The company’s commitment to sustainability and innovation in the automotive industry aligns with broader efforts to promote clean energy and reduce the environmental impact of transportation.
As an experienced provider of vehicle leasing and insurance services, DriveElectric leverages their expertise to support customers in navigating complex financial and regulatory requirements. By offering tailored solutions for individual customers and businesses, the company ensures that clients can make informed decisions about vehicle leasing, insurance, and financial arrangements. With a focus on customer service and transparent communication, DriveElectric strives to build long-term relationships with customers and provide ongoing support throughout the leasing and insurance process. Through their regulatory authorizations and industry affiliations, the company demonstrates their commitment to professionalism, compliance, and excellence in serving the needs of customers in the electric vehicle market.
