Fleet management tool to cut risk
CAP, the information provider to the automotive industry, has developed a new tool it claims will help fleet managers perform swifter fleet revaluations.
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Called CAPcalc, it is designed to assist fleet managers in the computing of disposal values of vehicles, considered vital for the management of financial risk.
The tool enables fleet and contract hire & leasing companies to fine tune pricing policies by determining residual value performance.
The product was developed by CAP in consultation with fleet operators.
CAPcalc manager John Watts said: ‘Residual value risk is a dominant factor in the rental, contract hire and leasing industry.
He claimed CAPcalc could significantly reduce the time taken to make this calculation.