FleetEurope has launched a new mid-term rental service that it says could save fleets money compared to daily rental as well as offering increased flexibility.

FleetEurope says customers can make an average saving of around £213 by switching from daily rental to its new MonthPlus service

Dubbed MonthPlus, the new solution is the first in a range of new services being launched the vehicle management solutions specialist and offers substantially reduced rates compared to daily rental when pre-booking a vehicle for 28 days or longer.

As a result, the firm says customers can make an average saving of around £213 by switching from daily rental.

The solution also offers a choice of 34 different vehicle groups ranging from superminis to 7.5 tonne box vans. All vehicles supplied are new or nearly new with most vehicle groups offering low CO2 ratings of less than 130g/km.

Joe Howick, chief operating officer at FleetEurope, explained: “Typically, the point at which savings start to be realised is when the daily rental period reaches 21 days. At this point it makes better financial sense to switch to FleetEurope’s MonthPlus tariff. MonthPlus is the first in a range of new services FleetEurope is launching this year to help businesses reduce their rental expenditure.”

In addition to cost savings MonthPlus also offers greater flexibility than a long-term vehicle lease, allowing customers to either keep the vehicle on-hire at the end of the 28-day minimum hire period at the same daily rate, or simply hand the vehicle back at a day’s notice without incurring a penalty.

As a result, the solution is particularly suitable for fleets with adhoc vehicle requirements, for example when running temporary staff or contractors, probationary periods for new employees or for employees awaiting delivery of a company car.