HSBC Vehicle Finance has revamped its contract hire proposition following customer feedback.

The bank’s vehicle finance business has taken on board its commercial customers’ comments to develop three new contract hire products:

  • FleetExpress, a simplified contract hire product for smaller fleets that allows businesses to fund their vehicle requirements, spreading the cost over the life of the agreement
  • FleetSure, which enables businesses to better control fleet running costs over the life of company vehicles
  • FleetSolve is a consultancy-based product designed to give large fleets impartial advice around the key issues affecting fleet and business requirements.

    “We recognise one size doesn’t fit all in this market; businesses need a range of different products to suit their needs,” said Peter Hollinshead, head of HSBC Vehicle Finance.

    “We’re taking care of the major tasks: helping to reduce risks and business operating costs, and generally taking the hassle out of running a fleet.”