THE Royal Bank of Scotland has renewed its Fixed Cost Fleet Management agreement with Leasecontracts, covering its 2,500-strong fleet and has negotiated a preferred supplier agreement with three manufacturers. Leasecontracts took over the management of the fleet four years ago and the renewal is for a further two years.

Evesham-based Leasecontracts, a member business of GE Capital Fleet Services, developed its ground-breaking Fixed Cost Fleet Management product specifically for organisations such as The Royal Bank of Scotland which are able to use their own funds for vehicle acquisition. The scheme offers fixed service and maintenance costs and guaranteed residual values with enhanced performances over and above the levels agreed, resulting in benefits to the Bank.