Paragon is proposing to provide to you qualitative, safe and reliable car rental services to meet your operational requirements. We have in our fleet brand new vehicles (salon cars, SUVs, Buses and Pickup Vans) of all makes to serve you effectively in any location within Nigeria. Being a rental firm with flexibility, our rental services can be tailored to meet client immediate requirements and need. These executive car rental services includes but not limited to;
- Hourly rentals.
- Half day rentals.
- Full day rentals.
- Short term rentals.
- Long term rentals.
- Intercity
- Tours.
In Paragon, our business is to provide efficient car rentals services to our esteemed customers based on what each customer desires or what his or her logistic needs are. We also help identify the logistic needs of our customer, plan the executive logistic budget of our customers for a hitch free operation at a reasonable and efficient cost management.
We provide and manage our clients’ fleet in a cost effective manner. This is done through the provision of our operating lease services which will involve the usage of our assets and subsequent payment of periodic rentals for a specified period of time or as
required by the client. Under this arrangement, we take full responsibility for all repairs, personnel and maintenance costs depending on client’s requirements. We can
also manage your existing fleet under a fleet management arrangement. This includes but not limited to handling and managing of your drivers and maintenance of your already existing fleet with all its ancillary services, etc.
2. EQUIPMENT LEASING
Businesses all over the world are scrambling for means of achieving cost efficiency. Leasing is a step further to achieve this cost efficiency. As experts in leasing, we are proposing to partner with your company through the provision of equipment/vehicle lease services to ensure you have hitch free operations at a cost effective manner. We have core competence and skilled manpower in the business of equipment leasing. We specialize in leasing cars, buses, trucks and other earth moving equipment under an operating/finance lease arrangement. We also lease computers, air conditioners, printers, photocopiers, industrial compressors and generators of all sizes under an operating/finance lease arrangement. We have the capacity to provide various equipment for your company’s operations under the lease arrangements. We leverage on our wide contacts and affiliations and that of our investors to provide any logistic service with its ancillary services.
FACTORS TO CONSIDER IN A LEASE OR BUY DECISION
A Lease Decision has the following noble attributes;
• Zero/minimum Cash Out flow from the purse of the Company.
• Better Liquidity Management. Lease Rentals which are payable in arrears can be well planned and managed.
• Enjoying immediate benefit of expansion and modernization of the Company facilities while making future payments.
• Ease of your cash flow for alternative ventures that are key to the day to day operations of the Company (i.e. salaries, allowances, etc.)
• It enables the Company make faster replacement decision on ageing assets.
• Efficient management of the fleet of vehicles used by the Company.
TYPES OF LEASE
(i) Operating Lease.
This lease agreement involves total financing and management of the lease by Milepost Equipment services. By this, we provide the initial Capital outlay in financing the lease contract within the contractual period without any financial obligation from your part. Other commitments include:
• Maintenance of leased equipment within the contract period.
• Provide comprehensive Insurance package on the leased equipment through out the contract duration.
• Chauffer driven opportunities for motor vehicles.
• Provide replacement agreement facility to avoid operational distortion.
• Provision for lease extension to suit your operational targets.
• Flexible lease rental structure to suit your cash flow projections.
It is important to know that in addition to these, there are many other tangible and intangible benefits you are expected to enjoy notwithstanding the quality of service we are obliged to offer.
In this lease portfolio, the only obligation from your part is to pay your monthly rental as at and when due. Every other responsibility becomes ours.
(ii) Lease Purchase.
The major difference between Lease Purchase structure and the Operating lease is that the lease equipment becomes your property at the end of the Lease Purchase contract having paid a minimal fee called the residual value.
Every other benefit as highlighted in the Operating lease structure is also accrued to the Lease Purchase option.
The Lease Purchase structure takes into consideration the fair market value of the equipment at the end of the contract and leaves you with the option of owning the asset.
This is a fantastic opportunity to update your asset base with current models or latest techniques in the history of rapid technological change and innovation of modern equipment.
(iii) Spot Hire/Short Term lease.
This is a stopgap facility, which provides you immediate service for a short period. Spot hire or short-term agreement is quick, fast and affordable with due consideration to the lease duration and scope of operation or use.
The main reason for offering this type of lease service is to increase our customer confidence by providing an overall door-to-door leasing service with little or no stress.
1 – LEASING SUPPLIES
- Vehicles/Marine vessels
- Generators/Air conditioners
- Household Equipment
- Industrial Equipment.
2 – MANAGEMENT CONSULTANCY
Manpower Supply Services
Based on a long standing experience on manpower handling of the management staff of Paragon Support. Services Ltd, the company is involved with the supply of well trained personnel skilled and unskilled to reputable organizations to execute services in the following areas: Driving & Transportation, Assets management, inventory/stock verification, grass cutting and oil remediation works etc.