HSBC Vehicle Finance has signed a major three-year contract naming Kwik-Fit as the preferred supplier of fast-fit services for its 90,000 vehicles.

Such deals aim to consolidate purchasing power and keep costs down for customers while cementing service standards for drivers, the companies say.

Kwik-Fit Fleet sales director Mike Wise added: ‘In an inflationary marketplace, Kwik-Fit and HSBC Vehicle Finance will work together to control and reduce costs through spare tyre utilisation and a tight authorisation process.’

Peter Hollinshead, head of HSBC Vehicle Finance, said: ‘We task ourselves with maximising our purchasing power, improving service levels and making efficiency savings, which we can pass on to our customers.’