Fleet News

Swan finalises deal with Pru

INSURANCE giant Prudential has formalised its finance arrangements with Swan National Motor Finance in a three-year funding deal for its 2,800-vehicle fleet.

Swan National has been financing Prudential's fleet for the last two years, but clinched the three-year contract after winning a six month open tender involving 20 suppliers. Prudential will retain control over sourcing and disposals, but Swan National will finance the mixed fleet. Swan National will also develop a technology link between the two companies for rapid transfer of fleet management information like scheduling of payments and early termination costs.

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