Manager of corporate sales Simon Haggart said: 'For fleets of more than 100 vehicles it makes little sense to pay large amounts to cover the risk element of contract hire simply because there are many alternative acquisition methods available to them which avoid the risk element. The fact is that a large part of the profits being posted by contract hire companies can be translated into savings for most fleets by changing to an alternative acquisition method.'
FCM claims its own recent research has revealed that around £140,000 is being lost by the average 200-vehicle contract hired fleet over three years. It says that over a typical three-year cycle such a fleet would spend an extra £180 in maintenance and lose £500 in residuals per vehicle, compared to if they used a finance leasing product.
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