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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.”