Fleet News

Magnet attracted by fleet deal

KITCHEN, bedroom and bathroom supplier Magnet has extended its fleet management contract with Hitachi Capital after slashing costs during its initial contract term.

Hitachi, which provides a management service with maintenance, repair, accident and driving licence management for Magnet's 400-strong fleet, initially agreed on a two-year contract, but this has been extended for a further three years.

Since the contract started, Hitachi has focused on fuel management and pooled mileage systems to cut costs.

Nik Browne, HR services manager, said: 'We are not a straightforward account so we appreciate the fact we get a great deal of flexibility on customer service.

'We are making cost savings as a result of measures introduced over the last two years, which have made a big difference.'

Hitachi offers several funding methods to Magnet including contract hire and a personal leasing scheme for drivers not using company cars.

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