Business Leasing or Contract Hire as it is more formally known is a fixed cost rental agreement that provides cost effective motoring. It is an efficient way for private individuals to fund a new vehicle. Enjoy the new car you want without the risks and hassle of ownership. Lex Autolease, part of Lloyds Banking Group, can help you.
You choose the manufacturer and model of vehicle that you want and agree the terms of the agreement (the maximum annual mileage and length of agreement, initial rental amount followed by fixed monthly rentals to suit your budget). The higher initial rental you pay, the lower the normal monthly rental will be. We then purchase your vehicle and hire it to you. At the end of the agreement you return the vehicle to us.
You can even choose to include our optional maintenance and breakdown cover so we manage and maintain the vehicle for you too. The cost would be included in your monthly rental meaning you can pay one fixed monthly payment - keeping your costs affordable and predictable.
It is important that you predict the projected mileage you expect to travel as accurately as possible as once. Once you return the vehicle to us we will compare the actual mileage with the contracted mileage. Excess mileage charges will apply if you exceed the agreed contracted mileage over the term of the agreement. The rate charged (pence per mile) will be confirmed at the start of the agreement. You will not receive a refund if you travel less than the contracted mileage rate over the term of the agreement.
The vehicle should be returned to us in a condition that meets the BVRLA Fair Wear and Tear guidelines otherwise charges may be incurred.
Please be aware that initial rentals are non-refundable.
- Businesses must have been trading for a minimum of two years
- Only available to Limited Companies and/or non-CCA regulated businesses
- Available only to cars, vans, flatbed trucks and 4x4/SUV requirements. We are unable to assist with HGVs, agriculture machinery, motorbikes, camper vans, couriers, driving schools and chauffeurs
The whole life cost financial model allows us to illustrate what the cost of your fleet may be over its 'whole life'. This approach is more holistic than just calculating monthly rental costs, and enables you to run a cost effective fleet over a long term period.
- Disallowable VAT
- Vehicle insurance
- Administration costs
- Employers National Insurance contribution
- Monthly rental including Road Fund Licence and CO2-based Capital Allowances
- Customised fuel costs at a pence per mile rate; separating business and private mileage
Many Businesses choose to lease their fleets. The advantages of Contract Hire from us over owned vehicles are;
- Fixed monthly costs to help with more efficient cost management.
- No depreciation risk on the vehicle resale value.
- VAT efficient.
- Available with or without maintenance.
- Flexible terms and mileages to suit your needs.
With Business Contract Hire from Lex Autolease, whatever Business you're in, we can provide the Fleet to meet your needs.
We have the largest fleet of company cars across the UK, can offer ready to go drive-away vans and light commercial vehicles for many trades and industries.
For many organisations the company car or van is a valued component of a reward and benefits package, as a mobile workplace, or as part of the supply chain. Download our handy guide to see our eight steps to choosing the right vehicles for your fleet.
With Business Leasing from Lex Autolease we can provide you with the facility to add branding/sign writing to your vehicle and we'll even remove it for you at the end of the contract. We have access to a wide network of reputable companies that can do this for you. All you need to do is Contact us and we can do the rest. Alternatively, we can work with you and your existing suppliers.
The grey fleet refers to any vehicle used for making a work-related journey, which is not owned or leased by the organisation itself.
This ranges from vehicles bought or leased by employees using company 'cash-for-car' schemes, right through to occasional ad hoc usage of employees' privately-owned, leased or hired vehicles.
When you drive a vehicle from Lex Autolease, you are driving a vehicle from the UKs leading automotive leasing and fleet funding Business. We use our industry expertise to bring you up to date insights on legislation affecting the vehicle leasing and provide a range of Driver Guides free of service covering hints and tips on driving safe and looking after your vehicle.