Fleet News

Warning over sole lease rate choice

UK fleets could be wasting millions of pounds each year by failing to ensure their contract hire rates are competitive.

Fleet consultancy Fleet Logistics claims the monthly contract hire cost for a typical fleet favourite such as Ford Mondeo Zetec 2.0 varies by as much as 15%, while rates for popular choices such as a Volkswagen Golf GTI vary by more than £90 a month.

Graham Rees, Fleet Logistics business development director, said: 'Our experience shows that you need to look at using about three suppliers for your leasing requirements to compare all the differing options available, and not be seduced by short-term offers or special incentives.

'It is not only a question of price. Other factors such as wear and tear or excess mileage policies can make a huge difference.'

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee