Fleets can achieve huge financial savings by changing the way they choose their maintenance packages, it is claimed.

Fleet management company CLM says savings worth tens of thousands of pounds can be achieved by opting for pay-as-you-go maintenance packages for company vehicles rather than fixed cost maintenance.

The company claims that new figures it has produced show that fleets can save on average 10% per annum by making the switch. A 200-vehicle fleet paying an average of £40 per vehicle per month for maintenance could save nearly £10,000 per annum.

The extra cost for fixed maintenance could come from contract hire suppliers “building in a level of significant contingency” for non-routine repair costs, the company claims.

But CLM says a fleet management company can manage maintenance costs on fleet customers’ behalf within a pay-as-you-go maintenance contract, only invoicing for completed work.