Alphabet has been chosen by
retirement property builder McCarthy & Stone Group to supply
vehicles and accident management for its 200-strong car fleet.
The BMW-owned multi-marque fleet
funding company will also provide daily rental cars and driver
licence checks for McCarthy & Stone’s employees.
Go deeper with GlobalData
The property builder, which has
been operating in the UK for more than 40 years, sought a new fleet
supplier after its previous leasing company withdrew funding when
the group underwent a corporate restructuring in 2009.
McCarthy & Stone chief
financial officer Michael Ball said: “Some of the other companies
we approached were not even willing to talk to us because, on
paper, we were a new company despite our long history.
“Alphabet was willing to look
behind the face-value situation to understand our true financial
position, which is actually very strong,” Ball added.
The lessor is supplying BMW,
Mercedes and VW and Audi cars on contract hire. The majority of
vehicles are capped at either 140g/km or 160g/km of
CO2.
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By GlobalDataSince the scheme went live in
earlier this year, 60 orders for new vehicles have already been
placed, Alphabet said.
Alphabet director Mark Sinclair
said: “This case highlights the importance for leasing companies of
taking the time to go the extra mile.”
