Arval UK has launched a new product which enables customers to lease an insured vehicle from them.

This optional package provides Arval customers with a simple, inclusive solution all at a competitive price.

The insured vehicle forms part of an optional customer package which Arval is calling ‘Arval Total Care’. It includes: Contract Hire with third party insurance, own damage protection, glass damage protection, maintenance management, breakdown assistance and accident management.

By bundling together these products, Arval is offering customers a hassle-free and cost effective approach to vehicle leasing and management.

Arval’s insured leased vehicle approach offers:

• Competitive pricing
• Optimised VAT position
• Fixed price for the length of the vehicle lease
• Allows customers to keep vehicle related costs together (supported through a monthly consolidated invoice)

Leasing an insured vehicle is not currently common practice in the UK but is a very popular approach in other European countries. Arval completed extensive customer and market research when developing this product which highlighted a clear customer need with real benefits. 60% of 250 small businesses stated that they would be interested in a quote from Arval.

Robert Pieczka, Business Development & Marketing Director said: “Customers expect insured leased vehicles in many European countries where it is long established as a service provided by Arval. I am delighted to announce the launch of this innovative new service in the UK fleet market. Extensive customer research shows that there is a real need for a straightforward, fixed price package, saving customers time and money.”