Business Leasing or Contract Hire as it is more formally known is a fixed cost rental agreement that provides cost effective motoring.
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.
Many businesses choose to lease their fleets. The advantages of Contract Hire from Lex Autolease 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
There are lots of factors to think about when choosing which vehicle may be the right choice for your business, and your broker or dealer will be able to go through the most appropriate options with you. If you’re an existing customer and have a relationship manager, you can also speak to them directly.
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.
We use our industry expertise to bring you up to date insights on legislation affecting vehicle leasing, by providing a range of Driver Guides covering hints and tips on driving safely and looking after your vehicle.
With Business Leasing you can choose to add our optional maintenance cover at the start of your agreement. We'll add the cost to your monthly rental, giving you peace of mind that everything is running smoothly with no unpredictable costs. We have a nationwide preferred network of garages in place to service your vehicle. You can find a dealer by visiting driver.lexautolease.co.uk where you can book online or contact the dealer directly.