Driving growth

vehicle leasing for businesses on the move

Driving growth

At Lex Autolease we support every size and shape of business, from sole traders to multinationals. Part of Lloyds Banking group, we're here to help your business prosper and grow by helping you manage your company cars and vans.with your vehicles taken care of – you can focus on driving your business.

SuPPorting your BuSineSS And your emPLoyeeSOur unrivalled purchasing power with vehicle manufacturers means we can pass on significant savings and special offers direct to you. As well as tax-efficient vehicle finance we also have a range of support services that can help take care of your drivers. For employees driving at work, we can advise you on Duty of Care and how to minimise the impact of accidents. We can also help with vehicle and fuel choice, reducing your costs and emissions.Our contracts can include breakdown cover – reassuring for your employees and better for business.

your CommerCiAL vehiCLeS – deLiveredIf you need vans, we have a specialist team who can deliver cost-effective, fully-equipped vehicles. For specialist functions we can provide the right vehicle, customised to your exact need if required.

reLeASe the CASh in your ComPAny vehiCLeS If you have purchased your company vehicles outright you could benefit from a Sale and Leaseback arrangement. We simply buy your vehicles and lease them back to you under one of our available funding options. You receive a capital injection, to invest in your business, and we then lease the vehicles back to you over an agreed period.

1 in 28 new vehicle registrations in 2014

new lcv registrations in 2014

of our commercial vehicles are bespoke complex builDs

fleet services companYuk’s leaDing

1in1368%

307 ,000vehicles in the uk

introDuction

BuSineSS ContrACt hireContract Hire is the industry term for ‘Leasing’. It’s really just a long-term rental agreement. We buy the car from the manufacturer and lease it to you, usually for three or four years. Business Contract Hire is the most popular method for financing business company cars.

Low upfront costsMinimal deposit and lower monthly costs mean many people can upgrade their vehicle choice.

Hassle-freeServicing, maintenance, road tax, tyres and breakdown cover can all be included in the agreement.

VAT recoveryFor business customers who can recover VAT, you can recover 50% of the VAT on monthly finance rentals on company cars and there is up to 100% VAT recovery on vans.†

No residual value riskWe take the risk on the resale of the vehicle so you don't have to worry about selling the vehicle and achieving your anticipated sale price.

FlexibleWe provide flexible contracts, terms and mileage options to suit your business needs.

Fixed costsFixed monthly rentals allow you to manage costs more effectively.

PerSonAL ContrACt hireIn principle, Personal Contract Hire is the same as Business Contract Hire, apart from VAT. It offers fixed-cost hassle-free motoring for individuals and is arranged as a personal lease rather than through the business. For that reason there is no VAT recovery (assuming the individual is not VAT registered). However, all the other benefits of leasing remain.

DemYstifYing vehiCLe FinAnCe

dealers, manufacturers, banks, brokers and leasing companies all offer vehicle finance. this guide outlines the options available to help you choose what's best for you and your business.

ContrACt PurChASeContract Purchase offers fixed monthly payments to help businesses manage their costs, enabling them to purchase the vehicle at the end of the contract by making a ‘balloon’ payment or return it to the leasing company without further cost (subject to excess mileage and any end of contract damage).

VAT recoveryFor VAT registered businesses, full VAT relief is available on commercial vehicles and is recoverable up front against the invoice price, although VAT is payable on the disposal value when returned to the leasing company or eventually sold.

Capital allowance recoveryCapital allowances are recoverable on the purchase price; in the case of commercial vehicles it is possible to use your Annual Investment Allowance of up to £200,000 from January 2016.

FinAnCe LeASe Finance Lease provides a flexible form of vehicle funding over an agreed term and mileage where you are happy to take the residual value risk on resale.

Potential sale valueYou pay lease rentals to an estimated residual value at the end of the contract and benefit from any upside on sale compared with the predicted figure. However, if the resale value is less, then you will need to pay the lease provider the difference.

No end of contract chargesFinance Lease comes with optional fixed maintenance contracts. It has the same VAT benefits as Contract Hire, plus no charges at the end of the contract.

VAT recoveryIt’s possible to pay most of the finance rentals up front, which can accelerate VAT recovery and reduces interest payments.

FLexiBLe LeASeWith a Flexible Lease the total price of the vehicle, including interest and costs, is charged back over an agreed period of time in the form of fixed monthly rentals. At the end of the contract, and following disposal of the vehicle, all sales proceeds (less fees) are returned to you.

FlexibleThe flexibility comes from the fact that you can choose to continue using the vehicle at the end of the primary term for a nominal annual fee, act as our agent during the disposal to a 3rd party or simply ask us to collect the vehicle and arrange for disposal.

A range of additional services can be added, including Fleet management, Accident Services and duty of Care.

For further information, take a look at our website: leasing4business.co.uk

The vehicle should be returned to us within the contracted mileage and in a condition that meets the BVRLA fair wear and tear guidelines otherwise charges may be incurred. † Subject to your agreed VAT recovery rate with HMRC.

Driving growth DemYstifYing vehicle finance

make a great first impression with your customers and give your business the benefit of a brand new van from Lex Autolease.

Our commercial vehicles are available with short lead times and at very competitive prices. Developed in partnership with specially selected suppliers, you can have your van fully fitted with optional racking to suit your trade and help your business get to work.

reAdy-to-go vAnS A choice of popular brand new vans Available with shorter lead times Optional servicing and maintenance package

Professional racking option for key trades

Compliant with Whole Vehicle Type Approval

Competitive price – better than buying and fitting out the van yourself

All the benefits of Business Contract Hire

Includes breakdown cover

2014 toP 10 CArS1. Audi A32. BMW 5 SERIES3. VOLKSWAGEN GOLF4. VOLKSWAGEN PASSAT5. VAUXHALL INSIGNIA6. MERCEDES C CLASS

7. NISSAN QASHQAI8. AUDI A49. SKODA OCTAVIA10. BMW 3 SERIES

2014 toP 10 vAnS1. Ford trAnSit ConneCt 2. CITROËN BERLINGO3. FORD TRANSIT CUSTOM 4. NISSAN NAVARA5. VOLKSWAGEN CADDY6. VOLKSWAGEN TRANSPORTER7. MITSUBISHI L2008. CITROËN RELAY9. VAUXHALL VIVARO10. FORD TRANSIT

with Lex Autolease you can lease most vehicles available in the uK from a Ford to an F-type. A variety of special offers are open to Lloyds Banking group customers – you may get more for your money than you think.here's our most popular lease cars and vans for small businesses:

DRIVING GROWTH

our top 10 LeASe CArS And vAnS

top 10 cars anD vans

helping Your business get to worK

for further information on our products and services, please contact your local relationship manager.

email: commercialbanking@lexautolease.co.uk visit: leasing4business.co.uk

Lex Autolease, Latimer House, Anglo Office Park, White Lion Road, Amersham, HP7 9JQ lexautolease.co.uk © Copyright 2016 32

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