The traditional three-year/60,000-mile lease is becoming less and less significant, as companies are looking for more flexible solutions, a rental company has claimed.

According to Phil Jerome, managing director of Meridian Vehicle Solutions, the leasing market has become more adaptable to the needs of customers, and contract hire suppliers have gained a greater understanding of what works best for specific fleets.

Jerome, who launched Meridian in 2015 after spending 15 years at Zenith Vehicle Contracts as its business development director, said that the fleet market has gradually moved into a model where a range of suppliers now offer a range of different services.

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