We’ve all heard of the standard maintenance contracts offered by OEMs but now Isuzu Motors South Africa (IMSA) has introduced a new variation of this called the ISUZU Mobility Cents Per Kilometre (CPK) maintenance contract.
What makes this CPK contract different is that it is based on the actual kilometres travelled and can be applied to all new Isuzu trucks with less than 9 000km on the odometer while under 12 months old at point of sale. The CPK plan is for companies only and is paid monthly, billed according to the kilometers travelled. VAT is a critical component of truck financing. The VAT refund can be applied to the CPK contract to make this Isuzu service product even more cost effective.
The CPK plan allows the company to match its revenue generated by a particular vehicle to the actual expense incurred in a particular month. It also follows seasonal trends such as limited distances covered during low season. In addition, should a vehicle be off the road for crash repairs, there will be no maintenance charges in the absence of kilometers covered. There is no minimum billing per month.
Given all this, businesses can maximize their cash flow paying monthly only for the kilometers driven and not just distance predicted. This allows businesses to record and manage income and expenses accurately for a particular period.
Tracking a fleet’s utilisation is a key discipline of fleet management and the CPK plan introduces accurate, real-time measurement on how the truck fleet is being utilized – and then again down to the level of individual vehicles on specific routes.
More news from the Isuzu stable is that the entire Isuzu range now also benefits from a telematics-ready truck and stolen vehicle recovery hardware installed at factory. This includes a panic button and driver ID tag reader already installed. Compatible with the MiX Telematics fleet management system, it is also compatible with existing 3rd party fleet management systems at a small additional cost. The stolen vehicle recovery service ready – BEAME – has been installed for some years now.
Commenting on this new CPK contract, Craig Uren, Senior Vice President Revenue Generation Southern African Customs Union of IMSA says that the Isuzu Mobility CPK Maintenance Plan is a true component of Isuzu as a lifecycle brand which, he says, has been based on service for the past ten years.
He then adds a comment which will resonate as good news for all operators: “We are a service organization that also sells new Isuzu trucks.” Think about it…there’s gold in that statement.
