| About CLM |Vision |
Products | Services |
Procedures | Reports | Branches|
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| Procedures: |
| Quotations : |
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Maximum discount is obtained from the dealer and is passed on to the client.The
interest rate is reflected on the quotation and is always linked to the prime
rate.Our quotation indicates an excess cent per kilometers charge which would
be applicable at the end of the contract if a vehicle has been over utilized
and returned with excess kilometers.This however can be avoided by careful
management of the fleet and the implementation of restructures during the
contract period.
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| Credit Facility : |
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Once a credit facility is put in place using updated financial information, all
necessary documents (master agreements, resolutions, etc..) would be signed.
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| Ordering : |
| Contract Lease Management will source and order vehicles once choice of vehicle
and accessories,contract period and kilometers have been agreed upon with the
client. We liaise regularly with the dealer to ensure that each vehicle is
delivered timeously and ready to operate, subject to the vehicle being licensed
and registered.
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| Schedules and Value Card : |
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Once the vehicle is delivered and all documentation is in place the dealer is
settled.The schedule is then printed in duplicate (one copy remains with the
client ) and the account executive will deliver the schedule and value card
where applicable.
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| Authorizations : |
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The vehicle should be serviced in accordance with Manufacturers specifications
and may be serviced at an approved Unitrans Automotive Dealership.The Value Card is
presented when checking the vehicle in for a service or repairs.The dealer
contacts Contract Lease Management for authorization and invoices us directly.
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| Early Terminations : |
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When a vehicle is returned before end of contract this is known as early
termination and the“penalty” for early terming would be the shortfall between
our outstanding capital balance and market value realized should this be
necessary.
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| Excess Cents : |
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At the end of the contract we inspect the vehicle for condition, subject to
fair wear and tear, make good costs, over utilization and usage.Should it be
prudent to raise make good costs the client will be invoiced after discussion.
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| End of Contract : |
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At termination of the contract Contract Lease Management would dispose of the
vehicle at best market value.The driver has the option to purchase the vehicle
at the same fair price.
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