Fleet News

Fleet's profit sharing

INDUSTRIAL and domestic landfill specialist Moulding Contracts has signed a 28 vehicle deal with KeyFleets that will see it share half of any maintenance under-spend and half of any disposal profits.

Moulding Contracts has a three-year package which includes pooled mileage, residuals and maintenance, along with the 50% profit share if maintenance spend falls below budget or residuals exceed forecasts.

KeyFleets specialises in contract hire packages for sub-100 fleets, and is owned by ARVAL PHH.

Clive Forsythe, national sales manager at KeyFleets, said the company prided itself on 'being able to provide sub-100 fleets a range of services normally only available to the larger fleet'.

The package includes Allstar fuel cards, accident management, European breakdown cover and assured mobility, which supplies a free relief vehicle for 48 hours.

Steve Neasham, Moulding Contracts' financial director said: 'KeyFleets provides us with the support we need to run our fleet effectively. They also ease the paperwork chase in the event of an accident as we only need to make one call.'

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