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Business Car Leasing

Looking for a cost-effective way to fund vehicles for your business? Business Contract Hire (BCH) from Lex Autolease could be the perfect solution for you.

Business Contract Hire is a popular funding option with fleets of all shapes and sizes.

Lex Autolease will purchase the vehicles that you need and can also manage them for you. You lease the vehicles from us for an agreed period of time and pay a fixed monthly rental cost, with the option to include maintenance if you want it. At the end of the lease term the vehicles are simply returned back to us.

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Personal Car Leasing

Personal Contract Hire (PCH) is a way to enjoy driving the car you want without the risks and hassle of ownership.

Like Business Contract Hire (BCH), Personal Contract Hire (PCH) involves leasing a car for an agreed period of time at a fixed monthly cost. For private individuals that means cost effective, flexible motoring.

The main difference between PCH and BCH is that the vehicle is funded by the individual rather than the business. As a result, the vehicle is not subject to Benefit in Kind tax.

All servicing and maintenance can be provided – giving you peace of mind that everything is running smoothly with no unpredictable costs.

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Who is Lex Autolease?

With around 270,000 vehicles currently under management, Lex Autolease is the UK's leading fleet management and fleet funding specialist, offering vehicle leasing for fleets large and small. Part of the Lloyds Banking Group, the company was created from the merger of Lex Vehicle Leasing with Lloyds TSB Autolease.

With over 100 years of combined experience in the vehicle leasing industry, we use our purchasing power to keep prices competitive. We have a huge range of vehicle and pricing options and we provide award-winning customer service.

At Lex Autolease our approach is to develop a true partnership with businesses and public sector organisations, working side by side with you to help you face the challenges of running a fleet.

Leasing4business is Lex Autolease’s dedicated service for fleets of up to 40 vehicles and provides:

  • Flexible contract hire agreements
  • Great offers across a wide range of vehicles
  • All the support of the UK's number one fleet specialist.

Benefits of Business Contract Hire

  • Your vehicles remain a business expense, but never appear on your balance sheet.*
  • Minimal deposit and lower month costs (compared to other vehicle finance methods) mean many people upgrade their vehicle choice.
  • Operational costs are more predictable, so you can manage your fleet effectively.
  • You can add ancillary services such as vehicle maintenance, Fleet Administration, or Duty of Care.
  • You don’t need to worry about having to sell the vehicles yourself.
  • Your cashflow is freed up for you to use elsewhere in your business.

 

* Operating leases, which include contract hire, are likely to be required to be reported on balance sheet in the future. The timing of this is currently unclear, but is unlikely to be before 2017 and then will only initially apply to companies reporting under International Financial Reporting Standards. For UK limited companies the requirement to report operating leases on balance sheet will probably be some time after that.

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Expert Eye
FleetEye Customer Innovation Award
2014

Fleet News Award Logo

Fleet News
Individual Customer Service Award
2013
Rising Star of the Year
2013

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Employee Benefits
Advisor to winner – Axa UK – Axa UK Car Scheme,
Best Car and Travel Benefits
2013

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Business Car Fleet Leasing Company of the Year
2007, 2008, 2009, 2010 & 2011