Citroen Contract Motoring expands product portfolio

Citroen Contract Motoring (CCM), one of the UK’s largest vehicle contract hire companies, is expanding its product portfolio with additional products to meet current financial conditions.

Nigel Walker, CCM’s national sales manager, comments, “Today, business vehicle operators are facing difficult financial conditions. As one of the few contract hire companies which is not dependent on outside finance, CCM is best able to offer the range of tailored financial products to suit its customers’ business needs.”

CCM’s new product additions include:
- DRIVENOW ELECT3 PRO for LCVs
- DRIVENOW CONTRACT HIRE PLUS/DRIVENOW BUSINESS LEASE PLUS
- Used LCV leasing
- Full range of CCM finance options on Ready to Run dual fuel vans

New CCM ELECT3 PRO
New CCM ELECT3 PRO has been launched to enable businesses to acquire a new Citroen LCV in an affordable, flexible package. DRIVENOW ELECT3 PRO monthly payments are kept to a minimum as the customer only has to finance the actual cost of the vehicle less the deposit paid and the Guaranteed Future Value.

As depreciation is the major part of the cost of financing a vehicle, CCM provides a Guaranteed Future Value based on the length of the agreement and mileage covered.

Also, CCM provides interest rate support as part of the DRIVENOW ELECT3 PRO package to achieve an ultra-competitive low figure. And, to reduce the amount of deposit required from the customer, CCM also provides financial support for the deposit to minimise this outlay.

At the end of the agreed DRIVENOW ELECT3 PRO period, customers have the choice of part-exchanging the van for another new Citroen LCV, paying the Guaranteed Future Value amount and thus owning the vehicle outright or returning the vehicle to Citroen with nothing to pay (subject to mileage and condition).

DRIVENOW CONTRACT HIRE PLUS & DRIVENOW BUSINESS LEASE PLUS
For additional financial security a PLUS option can now be added to any CCM Contract Hire or Finance Lease product.

In the unfortunate event that the vehicle is an insurance total loss, the customer is required to settle their CCM agreement. However, the customer’s vehicle insurer may offer a settlement figure that is lower than that outstanding on the CCM rental agreement. If the PLUS option has been selected, all or part of this difference will be waived, minimising the customer’s financial liability.

The PLUS option waives the difference between the vehicle’s market value at the time of loss and the agreement settlement figure up to a maximum of £7,500.

Used LCV leasing
CCM has now introduced a used LCV leasing scheme. This provides lower cost leasing on nearly new Citroen vans. The vehicles for this scheme come from Citroen UK sources and are no more than 12 months old.

Full range of CCM finance options on Ready to Run dual fuel vans
In addition to including a wide range of Citroen Ready to Run specialist body vehicles, CCM is now providing a full range of contract hire and leasing services for Citroen Ready to Run petrol/LPG dual fuel converted Nemo, Berlingo First and New Berlingo vans.

Nigel Walker adds, “With these new additions, CCM is well placed to provide the wide range of tax-efficient, affordable and flexible vehicle finance packages required in today’s stringent financial times.”