A multi-bidding approach is a concept in which the leasing companies are placed in permanent competition. This modern process ensures, in particular with a so-called “user chooser” fleet, that the costs remain permanently in line with the market.
Due to the fact that each vehicle is configured individually, the best-price selection is not possible in a tender. The leasing company has a wide range of possibilities to increase the prices immediately after the tender (choice of other contractual parameters, modified vehicle models or equipment).
Multi-bidding implements a “permanent tender” that forces leasing companies to offer best prices for each vehicle in order to win the contract. Experience has shown that costs can be lowered by 10 – 15% over the long term, compared to a single supply.