Customer Services

For further information, please call on freephone 0800 458 0113 or email us.

Lombard Vehicle Management Fleet Size

• 2011 Fleet News FN50 position: 5/50 - fleet size: 70,621*
• 2010 Fleet News FN50 position: 3/50 - fleet size: 81,800*
• 2009 Fleet News FN50 position: 3/50 - fleet size: 90,468*

* source Fleet News, part of Bauer Automotive

About Lombard Vehicle Management

Parent company: Royal Bank of Scotland Group

Lombard Vehicle Management are a leasing and finance company that have existed for almost 150 years; where they started life rolling out stock for railways back in 1861. In modern times, Lombard have expanded far further than railways, providing financing and leasing for almost every major leasing sector imaginable. The list ranges from simple automotive vehicles to shipping vessels and even aircraft. To add to their already extensive background, they also have the backing from one of the UK’s major banks. Being part of the Royal Bank of Scotland Group gives them a powerful financial backing and a huge portfolio of corporate, business, retail and private wealth markets as well as a growing worldwide prominence in areas such as the USA and Asia.

The company officially operate under a scheme called asset finance, which differs from standard financing schemes in that it aims to finance all assets necessary to its customers. Lombard will effectively lease or finance anything the company needs, be it automobiles or even technological items such as computers. Lombard carry various plans for all sorts of these areas both inside and outside of the automotive leasing sector, such as:

Contract Hire

Contract hire is aimed at the customers who want the simplicity of fixed monthly payments with the benefits of flexible agreement terms. For a set monthly amount, everything except fuel and motor insurance can be taken care of with zero hassle- including servicing, tyres and even tax. At the end of the agreement Lombard get your vehicle, or you can negotiate an extension to the contract based on your needs.

Contract Purchase

Contract purchase gives you similar options to the Contract Hire scheme, expect when you’ve finished with your contract you have the opportunity to buy whatever asset you’re leasing. This finance option may be preferable if you want to own your asset at the end of the contract while avoiding the risk of depreciation that comes with buying outright.

Finance Lease

Finance Lease is aimed to offer maximum flexibility with spread fixed rentals that are matched to your cash flow. At the end of the leasing agreement, the relevant assets are sold and you receive the majority share of the earnings.

Hire Purchase

Aimed at the customer who wants a more straightforward option, Hire Purchase gives you the benefits of flexible monthly payments as well as various ways to plan out and structure your finance. At the end of the contract you ultimately own the asset and; depending on contract terms, may pay a final balloon sum to claim sole ownership.

Operating Lease

Operating Lease gives the customer peace of mind and is recommended for more expensive assets that you may prefer not to own personally. With the Operating Lease scheme you can let Lombard own the asset, so you don’t have to worry about depreciation or theft.

Sale and Leaseback

Sale and Leaseback gives customers a chance to make money off their old fleet and then have it leased back to them at a far cheaper cost than being responsible for their full ownership. The cash you receive is released into your company straight away and at the end of the agreement you have the option of trading your old fleet for a newer, more modern option.

Stocking Finance

Stocking finance is provided to motor dealerships to keep the businesses sensibly financed so the dealership can focus on what important: the managing and the sales. Lombard control the financing side through cash flow management and market awareness so you the customer can focus on everything else.

Wholesale Finance

For customers who may be suffering from debt, the Wholesale Finance option offers an escape from the many business difficulties that come from owing money. Lombard take on your debt portfolio and act as your silent partner, giving you the opportunity to escape from your debt through their expertise in risk financing and capital access.

Car and Van Finance

Car and Van Finance is fairly self explanatory. As one of the UK’s largest finance to rental to firms with over 20 year’s experience, Lombard know the market well. Their UK specialist team will work with you to maximise the benefits of areas such as tailored financing and targeted debt facilities so you can get the best financing for your fleets.

Lombard can be contacted via their freephone UK number 0800 502 402, or alternatively via their typetalk number 18001 0800502 402. Lines are open Monday to Friday 8am to 8pm. They can also be contacted via their website http://www.lombard.co.uk/.

Sources

http://www.lombard.co.uk/

http://www.rbs.com/home.ashx

 

Back