1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192 
The days of short-term contract hire deals put together by
Page 62
If you've noticed an error in this article please click here to report it so we can fix it.
manufacturers in a bid to drive up registration figures have vanished. Large numbers of virtually identical year-old trucks being returned with artificially high residuals resulted in fields full of unsold vehicles, and huge financial embarrassment for all concerned.
Contracts have subsequently lengthened considerably and can usually be extended on termination.
"So far as Scania is concerned agreements have to run for at least three years," says Jamieson. "We won't do them for less.
"In 2003, the average duration was 47 months," he continues. "That was down from 49 months in 2002, but we don't think the drop is significant.
"It's the sort of movement that can be caused by just one big dear "We too offer 36 months as a minimum," says John Ball, managing director of contract hire. rental, and fleet management specialist Fraikin Truck Hire. "Fifty-four months is the average, and we've just signed a seven-year deal with the London Borough of Harrow." "With specialist trucks such as tankers you can be looking at seven to eight years," says Mike Taylor. He's head of UK sales at Artegy, another contract hire and rental specialist.