Close Brothers Asset Finance has launched a new fuel card in partnership with fuel card management company UK Fuels.
According to the company, the fuel card could cut critical fuel costs to UK SMEs, by offering a discounted fuel card with a price based on the collective usage of all participants in the scheme.
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The fuel card can be used in over 20,000 filling stations across both the UK and Europe and users will also be able to use UK Fuels’ online account management portal and smart phone application.
Close Brothers said that customers who participate in the scheme are not required to pay upfront, usage or closing fees. In addition, the company said that there is no lock-in period, therefore no commitment for customers to remain in the scheme for a predetermined period.
John Fawcett, divisional managing director of transport at Close Brothers Asset Finance said: "Fuel costs are a significant and rising cost for many businesses and can be complex and time consuming to manage. Most companies will have an existing fuel card provider but these tend only to provide savings based on the volume of usage across their own vehicles, as opposed to all vehicles from all customers in the scheme. We wanted to change that by demonstrating Close Brothers Asset Finance’s ongoing support for SMEs by creating a value add service to make our customer’s largest monthly cost both cheaper and easier to manage."
"With customers being able to use the fuel card at thousands of filling station across the UK and Europe, this means drivers don’t have to plan ahead when thinking about re-fuelling. Fleet managers will also find managing fuel costs much more straight-forward through the online account management portal and smart phone application."
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