Iveco launches flexible hire finance

Watford, UK: Iveco and its in-house finance arm Iveco Capital have launched a flexible hire product designed to give heavy truck operators greater flexibility on contract hire terms.

Named Flexi Hire, it reduces the financial risk to a customer of acquiring a vehicle on long term contract hire, when their requirement for that vehicle might subsequently end before the contract term has elapsed.

Flexi Hire contracts are available from Iveco dealers nationwide on specific Stralis models, but others can be considered on request. They offer fixed monthly payments over five years, with annual mileages between 100,000 and 180,000 km.

The Flexi Hire product includes scheduled servicing, maintenance and repair carried out by manufacturer-trained technicians, plus tyre replacement and the option for future Road Fund Licence.  Customers can exercise a break option with three months written notice effective from the relevant anniversary (either 12, 24, 36 or 48 months as determined by the selected initial break point), or annually thereafter.

Marta Nappo, marketing director, Iveco UK, says: “We are introducing Flexi Hire in response to operators calling for greater flexibility to increase and decrease their fleet size according to their own business demands.

“Flexi Hire combines all the benefits of operating a brand new vehicle, but with costs spread over five years and the ability to return the vehicle at pre-agreed periods, without additional financial penalty.”

WORLD NEWS

Win Chill Cold Storage adds new coldstore

Sioux Falls, South Dakota, USA: Tippmann Innovation has completed construction of a 205,000sq foot coldstore for Win Chill Cold Storage. The new warehouse includes over …

READ THE FULL STORY >

Kuehne+Nagel buys Panatlantic Logistics

Schindellegi, Switzerland: Kuehne + Nagel has bought the perishables business of Panatlantic Logistics in Ecuador. The company provides airfreight transport of perishable products and will …

READ THE FULL STORY >

XPO reports income up 178%

Greenwich, Connecticut, USA: XPO Logistics second quarter 2018 revenue increased 16% year-over-year to $4.36bn. Net income attributable to common shareholders was $137.5 million for the …

READ THE FULL STORY >

Agro Merchants buys Transmode

Atlanta, Georgia, USA, Agro Merchants has bought Transmode based in Paulsboro, New Jersey. Most of its business is in Philadelphia, PA. This transaction substantially increases …

READ THE FULL STORY >

WHAT’S ON

  • FSDF Transport Conference
    The Food Storage and Distribution Federation Conference, and TCS&D Awards that evening take place on 13 September in Manchester.

Latest Tweets

The Brexit summer silly season has kicked off with news that the government's contingency plans include stockpiling food:bit.ly/2LKXhKN pic.twitter.com/buAbYK8tRR

© 2018 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ