Fleet News

ITNET outsources management of fleet

OUTSOURCING specialist ITNET has decided to outsource the running of its own 270-vehicle fleet to Fleet Cost Management. ITNET's in-house fleet team remains in place, handling fleet management for many of its customers. However, from now on FCM will handle all acquisition, maintenance, and accident management for ITNET's own fleet, which operates from 13 offices across the UK.

Previously, the fleet was managed by an in-house resource which also handled fleet management for ITNET clients. The company, which specialises in outsourcing of IT services and business processes, operates a user-chooser policy, based on comparing the employee's salary with wholelife costs.

Under the new deal vehicles will be acquired through FCM's Lease Plus, which FCM says is cheaper than outright purchase thanks to VAT being reclaimable on the capital cost of the vehicle, and less than other lease products because it includes a balloon payment set to a forecast disposal price.

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