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Leasing and Contract Hire Innovation win for Ogilvie True Cost

Posted on 11 Aug 2021

2 min read

Ogilvie Fleet have continued an incredible year for award wins, having won the Leasing and Contract Hire Innovation accolade at the inaugural Company Car Today Innovation Awards.

The industry-leading Ogilvie True Cost matrix, this year updated to include calculations for electric vehicles, was the key factor in winning the award. One judge described it as “simple advice on a level playing field; it made the savings really clear”. Another liked how the company is going further than some other lease companies are managing at the moment in illustrating the cost savings of electric vehicles.

The matrix uses information, including EV range, battery capacity and cost of electricity, to set out the entire running costs of EVs versus petrol or diesel counterparts, including a business’s National Insurance contributions and the corporation tax saving, to build a picture of the entire cost message about electric versus internal combustion engine.

The matrix ensures the online driver quotation system allows drivers to only select vehicles falling within their True Cost band. Ogilvie describes the approach as its “modus operandi” for the majority of its clients operating 50 or more vehicles.

“Winning this award on the strength for our True Cost matrix tool is a yet another boost for the Ogilvie team,” said Gordon Stephen, Ogilvie Fleet’s MD.

“The strength of our customer relationships and feedback from drivers tells us that our efforts to serve the fleet sector are paying off. But to then gain industry recognition is fantastic. We are pleased to be able to add to Ogilvie’s string of trophies which we have won during 2021.”

Ogilvie True Cost has helped hundreds of fleets to set company car policies, and the addition of the EV parameters has coincided with the company establishing what it has dubbed the Green Fleet Task Force, ensuring all staff are informed about the future of green vehicles, so they can support clients with introducing plug-in and full electric vehicles.

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