LEASE Plan has won a multi-million pound sale and leaseback contract with information technology giant NCR. The deal involves 750 cars from the company's 800-vehicle fleet. The cars are now being leased back to NCR as part of a package which includes open calculation funding, full fleet management and on-going new vehicle supply.

A dedicated Lease Plan key account team has been allocated to NCR, which has recently demerged with AT&T. Details of the financial worth of the contract have not been revealed.

Under the open calculation funding method Lease Plan provides a quotation for monthly rental charges and details factors within the costing calculation such as vehicle purchase price, dealer discount, interest rate and fees as well as likely running costs and residual values. Any savings during the contract are passed on the customer but if costs are higher than anticipated, Lease Plan absorbs the losses.