Fuel and insurance in leasing contract

TELECOMMUNICATION installation firm ICEE has signed up to an all-inclusive contract hire agreement from Arma, which includes all fuel costs and insurance.

ARMA will supply eight management cars under the deal, which includes fuel, insurance and maintenance in the monthly rental.

Ray Padbury, business controls manager for ICEE, which runs a total of 50 cars, said: 'The fact that I deal with just one supplier rather than three is beneficial, but the cost savings offered by Arma are a real bonus.

'Insurance costs have been a real issue for us and Arma has reduced these by several hundred pounds a car. Across the board, we reckon Arma has reduced our fleet costs by 15%.'