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Santander Consumer Finance launches first-ever contract hire solution for fleets

Being rolled out on a nationwide basis following a successful pilot programme, the solution will be sold through selected intermediaries including motor dealers and finance brokers.

A new quote management system has been built for the launch, which SCF states will help to deliver industry-leading underwriting and pay-out times.

Gary Corkish, head of broker and leasing, said: “This launch marks an important step in SCF’s strategy to widen our product portfolio and gives us an important foothold in the contract hire market for the first time.

“Our pricing is competitive and the new quotation management system has been very well received by users. I’m looking forward to the national rollout as it continues to dealers and brokers over the coming months.”

Stewart Grant, commercial director, added: “Launching a contract hire offering for individuals and businesses is a key part of our 2016 business strategy and one which provides us with a route into an important and growing part of the market.

“By widening our product portfolio we can now reach new market segments as well as protect existing business streams.”

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Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.