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You are here:Fleet Elite»Home»Don’t put all your eggs in one basket… How Competitive Tendering can help you.
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Don’t put all your eggs in one basket… How Competitive Tendering can help you.
When you look to buy or lease your next car you want to make sure you have the most competitive quote and that you save money.
Why at Fleet Elite are we so confident that we can do this for you?
The answer is Competitive Tendering.
Never heard of Competitive Tendering before?
The answer lies in the time honoured mantra of not having all your eggs in one basket, and using a panel of
suppliers to provide quotes for each new car. By having multiple sources for vehicles, rather than a single
source of supply, you are not dependent upon one company and not at risk from excessive price rises and
fluctuations.
At Fleet Elite we work with a panel of eight or nine different vehicle funders and have strong relationships with
all the major manufacturers and dealer groups. This ensures that only the cheapest quotes currently available
from our preferred suppliers are considered and by carefully managing and overseeing the competitive
tendering process Fleet Elite is able to select the very best prices, based on what can often be daily price
swings in the market.
“Competitive Tendering compares real time prices from a panel of different dealers, suppliers
and contract hire companies to select the most competitive prices on behalf of our
customers.”
In particular, with businesses under a traditional single supplier leasing agreement, there is often little
competitive pressure to ensure the keenest prices, and over time leasing rates may start to creep upwards as
residual values or interest rates change. Competitive tendering, on the other hand, creates competition
between large, professional leasing companies, leading to the lowest possible cost for your business cars.
“The competitive tendering approach offered by Fleet Elite, allows the generation of funding
savings as high as 8-10%.”
Modern competitive tendering is slick, measurable and auditable and is based on
prices that are valid today, rather than yesterday. It is by far the most effective method
of sourcing new vehicles.
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