Press Releases

'MONTH +' - THE BRIDGE BETWEEN CAR RENTAL AND LEASING

11/02/02

Europcar, the International car rental company, today launched a unique solution for medium to long term car ownership.

Branded Month +, the new service will bridge the gap between standard car rental and leasing. It is a monthly contract which combines car rental flexibility with the competitive rates of long-term leasing.

Month + has been developed specifically for people and companies who require a medium term 'car solution' - examples include companies with temporary staff, for those staff serving probationary periods, or simply for those companies who do not want to commit to a longer term deal.

The innovative service offers:

• Company Own Insurance (COI) or Fully Inclusive options
• Choice of mileage allowance of 50 or 100 miles a day
• One or three month minimum commitment levels
• Choice of latest vehicle and manufacturer
• Replacement car every six months.

"To date, we as an industry have always adopted the 'any car you want as long as its black' approach i.e. yes you can hire a car from us but on our terms, said, Paul Flemming, UK Managing Director.

"That is why we developed a new service to meet the needs and wants of today's commercial market. Month + is driven by customers needs not just what we have to sell."

- ENDS -

Notes to Editors: -

Europcar is a wholly owned subsidiary of Volkswagen A.G. With 2650 worldwide locations in 118 countries and a fleet of 220,000 vehicles, Europcar is one of the world's leading car rental companies. In Europe, Europcar boasts greater airport coverage than any other car rental company.

For further information please contact: -

Lizzie Woolley
Ogilvy Public Relations Worldwide
Tel: 020 7309 1028
Email: Lizzie.Woolley@uk.ogilvypr.com

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