Posted in:

Shift to contact hire to cut Cape Plc van costs

Energy services company Cape Plc is to see significant savings after switching to the majority of its van fleet from daily rental to contract hire.

Cape fleet vans
The new deal is the first time Cape has contracted ALD to supply LCVs.

Under a new three-year deal with ALD Automotive, the firm is moving approximately 75% of its 400-strong LCV fleet to a contract hire solution, whilst at the same time renewing ALD’s position as sole supplier for the company’s 200 company cars.

In partnership with Cape, ALD conducted a comprehensive review of the fleet policy on LCVs with the change to contract hire expected to cut costs by around 30%.

However, Matthew Hammond, UK fleet & transport manager for Cape, said the business is also benefiting from enhanced service and support, adding: “Since the beginning I have felt ALD fully understood my aim. They provided the support, advice and suggestions to help us successfully achieve the results required – it was refreshing to feel everyone concerned felt involved and working together.”

The deal will also see ALD provide its ProFleet telematics solution for Cape’s company cars as well as a Personal Contract Hire (PCH) offering to support Cape’s 85-100 cash takers.

For more of the latest industry news, click here.

Written by Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.

3142 posts