Lex Autolease
Lex Autolease
Parent company: Lloyds Banking Group
For further information, please call on freephone 0800 458 0113 or email us.
- 2011 Fleet News FN50 position: 1/50 - fleet size: 280,218*
- 2010 Fleet News FN50 position: 1/50 - fleet size: 307,133*
- 2009 Fleet News FN50 position: 1/50 - fleet size: 337,778*
* source Fleet News, part of Bauer Automotive
LexAutolease is the UK's leading fleet management and fleet funding specialist and currently part of the Lloyds Banking Group. Spanning a long and illustrious history from as far back as 1958, the company began from an acquisition when North West Securities Ltd is bought by Bank of Scotland for £700,000. After the merging of Lex with Lloyds TSB Autolease in 2009 they established themselves as the country’s largest contract hire website, providing 100 years of vehicle leasing experience and success.
They now supply 1 in 75 of all company cars in the UK and specialize in developing true partnerships with businesses and public sector organisations to help them face the challenges of running a fleet. Specialising in fleet funding, the company cater for both large corporate fleets and smaller fleets of 20 or less and have various initiatives designed to help customers and employees alike.
Through their website ‘LexAutolease.co.uk’, they provide facilities for a number of subsidiaries within the fleet sector such as salary and accident services and public sector fleet rental. They currently run several campaigns which aim to address key issues that may concern potential fleet clients.
Sale and Leaseback is a scheme where the Companies sell their cars to LexAutolease themselves and then lease them from them for a small fee. Some immediate cash sum that can be used in core business activities can be generated by doing this. Ownership of the vehicles is transferred to LexAutolease, and with it the risk of depreciation and interest rate changes.
They also employ a unique calculation method known as 'Whole Life Cost' to accurately calculate lease fares. They model factors in all the tax and insurance variables along with tailored fuel costs to give you the full picture and the power to reduce costs, improve choice, or both.
As recognition for their work, LexAutolease have won several independent awards for the company’s success in employee satisfaction, customer satisfaction and overall service. To name but a few, they have won:
• Service Supplier of the Year - BusinessCar Awards 2010 2011
• Leasing and Fleet Management Company of the Year - BusinessCar Awards 2007 - 2011
• Leasing Company of the Year - GreenFleet Awards 2010
• Post-Sale Customer Satisfaction Survey Winners - apd Landmark Awards 2007 & 2008
• Fleet Solutions Company - Institute of Transport Management 2006 - 2009
• Editor's Award for contribution to the LCV industry - 2009 Van Fleet World Honours
• Van Leasing Company of the Year - 2008 Fleet Van Awards
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