Previously, the paint provider purchased its vehicles outright but the switch to contract hire will save money for the company as a result of the introduction of Pendragon’s whole-life cost model.

The new arrangement involves the provision of Ford and Nissan vehicles, enabling TRI also to improve the company’s sustainability, carbon footprint and move it towards industry best practice.

Alex Simpson, operations director of TRI Limited, says:  ‘This is the first time we have leased vehicles and I’m really impressed with the savings Pendragon Contracts can make us based on its whole-life cost analysis.  The fact that we are addressing our carbon footprint is also a bonus.’

Neal Francis, managing director of Pendragon Contracts, adds:  ‘Increasingly companies are realising leasing rather than outright purchase is much more attuned to their requirements, meeting their sustainability ambitions and managing their costs going forward.  The whole-life cost model demonstrates the total operating elements of running vehicles, enabling businesses to have a much broader outlook and select the most efficient vehicles in their sector, maximising the environmental, tax and financial efficiencies for companies and their employees.’