New fleet comparison service helps businesses cut car and van lease rate costs from lending suppliers
Businesses are already savings thousands of pounds on contract hire rates following the launch of a new dedicated fleet vehicle comparison service.
Fleet, procurement and e-commerce expertise has been brought together by the founders of CompareMyFleet.com to provide businesses with a free online service that seeks out the lowest available lease rate on any car or light commercial vehicle.
CompareMyFleet.com has already forged links with a plethora of the UK’s leading contract hire and leasing companies including Alphabet, Days Contract Hire, GE Capital Fleet Services, Inchcape Fleet Solutions, LeasePlan UK, Lex Autolease, Ogilvie Fleet and Volkswagen Financial Services with more anticipated to come on board.
Fleet decision-makers accessing the CompareMyFleet.com website - http://www.comparemyfleet.com - simply provide required vehicle details including if vehicles should be with or without maintenance, annual mileage and replacement period.
Within 24-hours, decision-makers will receive from CompareMyFleet.com a report containing quotes from a basket of leasing companies on a per vehicle basis in a consistent and easy to compare format enabling them to make a fully informed choice that also contains key potential supplier terms.
In addition to providing a unique and independent fleet comparison service, the CompareMyFleet.com team use their procurement experience to also provide a consultancy service to prospective clients to help them maximise financial savings, select additional added value services and to help ensure vehicles chosen are suitable for their business.
Amazingly, the CompareMyFleet.com service is free to end-user fleets with the company charging the successful leasing company a small fee per vehicle supplied.
CompareMyFleet.com co-founder and director Neil Birkbeck, who has held a number of senior commercial and procurement roles at blue chip companies including Little Chef, EMCOR, Johnson Controls and B&Q, said: “Trawling the marketplace to obtain quotes from a number of contract hire and leasing companies is a hugely time-consuming business.
“Not only that, but it is an extremely complicated and complex market to tackle in terms of selecting the right vehicle and the right services at the right price, while also taking into account discounts and rebates available.
“I know because I have sourced company cars and vans in my procurement role at previous employers and have found what should be a straight-forward task can prove to be a major headache for the unwary.”
Fellow director and co-founder Mark Pritchard, who holds non-executive chairman and directorship roles at a number of high growth technology businesses and held senior technology roles at Bank of America and JP Morgan before launching his own investment website. Digital Look, said: “Businesses and consumers have been able to make major financial savings by accessing comparison websites to source a range of goods and services.
“While it takes only five minutes to access CompareMyFleet.com and find the best rates from a basket of contract hire and leasing companies, we also offer much more via a range of added value services that can also be sourced from those same companies such as service maintenance and repair, accident management and fuel card management.”
He added: “Fleet procurement today is frequently in the hands of employees who are not fleet professionals. Instead they are procurement, HR or finance specialists who have been given fleet responsibility as part of their job description.
“We are on hand to assist these people make the right procurement decisions and save their employers money, while also being totally accessible to fleet professionals that may want to use our services.”
They are joined at CompareMyFleet.com by Chris Moysen, who has more than 15 years fleet industry experience having held senior roles at Northgate Vehicle Hire, ARC Fleet Solutions and Hertz.
Businesses that have already made major financial and cash flow savings include Essex-based Cardinal Security. It has benefited from rental rate savings of around £50,000 after tendering on four separate occasions through CompareMyFleet.com for a total of 32 company cars with further savings coming from an improved payment schedule and a reduction in end-of-contract mileage charges.
Cardinal Group chief executive Jason Trigg said: “We were presented with a choice of vehicles and suppliers and CompareMyFleet.com delivered a saving in excess of 12%. We were also confident that they were independent and 100% focused on delivering the right result for us.”
Yorkshire-headquartered telehealthcare solutions provider Tunstall Healthcare (UK) has to date sourced more than 100 cars and vans for its fleet of 280 vehicles via CompareMyFleet.com. HR manager Jenny McLellan said: “HR has a big involvement in fleet at Tunstall and we find it can be very time consuming. But using CompareMyFleet.com has saved us time and money and transformed what was once a laborious process into a slick and effective one.
“While we provide details of the vehicles required, CompareMyFleet.com runs a competitive tender and provides us with the results. We value the fact the company is 100% independent and whilst it supports our decision-making with knowledgeable insight the final decisions are left to us.”
Meanwhile, Nick Coleman, director of Marlow-based healthcare procurement specialist ProCure Health, cut the rental on his new BMW 116 2.0D Sport by £54 a month on a three-year/60,000-mile contract - almost £2,000 over the car’s three-year operating lifecycle - using CompareMyFleet.com.
He said: “We were planning to spend time looking around for the best deals but CompareMyFleet.com did all the leg work for us. The website was very easy to use and I had pricing details back overnight.
“Running a small business, I don’t have time to look at lots of quotes and am generally baffled by lease car jargon, but CompareMyFleet.com helped me access pricing from seven different suppliers and helped me through the minefield of terminology. I also managed to save £54 a month on my current car lease cost so it was a complete win-win for me. We have a further six cars in our fleet and as they come up for renewal we will definitely be using CompareMyFleet.com again.”
Mr Birkbeck concluded: “Cost management is the single biggest issue facing fleet decision-makers today and that starts with the cost effective procurement of goods and services critical to their business, including vehicles. Using CompareMyFleet.com is the smart way to reduce fleet costs.”