Alliance & Leicester Commercial Bank funds 60,000th vehicle

Alliance & Leicester Commercial Bank has announced that it has funded its 60,000th vehicle and has doubled the number of fleet vehicles it financed in the last eighteen months.

The landmark was reached with the benefit of a funding facility provided to Arnold Clark, Europe’s largest independent car dealer, who has been a customer of Alliance & Leicester Commercial Bank for over seven years. Arnold Clark, have a fleet of over 40,000 cars and the bank funds their contract hire and daily rental businesses.

Alliance & Leicester Commercial Bank is a specialist provider of wholesale fleet finance to contract hire, daily rental and corporate organisations. A dedicated team of experts operate throughout the UK and tailor packages to specific customer needs.

David Cooper, Finance Director at Arnold Clark Finance said: “The support provided by Alliance & Leicester Commercial Bank’s fleet team, over the last seven years, has helped us tremendously The latest agreement has given our contract hire business financial support, in which we have seen massive growth in the UK.”

James Comrie, Head of Wholesale Fleet at Alliance & Leicester Commercial Finance said: “Funding 60,000 vehicles is a significant landmark and we are delighted to have doubled the number of fleet vehicles we finance in the last eighteen months. This growth highlights our commitment to the market and the level of service our knowledgeable staff provide. We are continually looking to expand our service and our dedicated team is committed to providing the best options for all our customers.”