What is Vehicle Contract Hire?

Contract Hire is a cost-effective way  to lease new business cars and vans. Provided by one of our group companies, Lex Autolease, Vehicle Contract Hire can reduce the risk and costs associated with company vehicle ownership. After an advance rental payment, you'll pay fixed, monthly rentals and at the end of your contract, you return the vehicle.

Visit the Lex Autolease website

What type of business vehicles can I lease?

Cars

Petrol, diesel, hybrid and electric cars, 4x4s and SUVs.

Light Commercial Vehicles

Petrol, diesel, hybrid and electric vans and flatbed trucks up to 3.5 tonnes.

Introducing Lex Autolease

Lex Autolease Ltd are one of the UK’s largest vehicle leasing companies. They have strong relationships with all the leading manufacturers to offer competitive rental prices on new vehicles.

Visit the Lex Autolease website

How can Vehicle Contract Hire help your business?

Drive new vehicles

Choice of new vehicles from all the leading manufacturers, including EVs.

No ownership costs

Don’t worry about depreciation or resale value, just hand the vehicle back.

Monthly payments

Lower fixed monthly rentals as you won’t repay the full value of the vehicle.

Flexible contracts

Choose contracts from 24 to 60 months.

Optional maintenance

Add maintenance to reduce administration and help budget for vehicle upkeep.

Set your own mileage

Decide what mileage limits are right for your business within our range.

Does your business qualify for Vehicle Contract Hire?

Contract Hire from Lex Autolease is suitable for businesses that have a requirement for company vehicles. You’ll need to have been trading for a minimum of two years. All agreements are subject to status, application and necessary credit acceptance.

What you’ll need to consider
 

  • There’s no option to purchase the vehicle at the end of the contract.
  • Excess mileage charges apply if you exceed your agreed contracted mileage.
  • Return condition charges apply subject to fair wear and tear.
  • For maintenance, repairs or replacements from accidental or malicious damage and damage caused by driver misuse or abuse are excluded.

What’s the difference between Vehicle Hire Purchase and Contract Hire?

Hire Purchase

Our most popular car finance option helps you spread the cost.

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  • New or used

  • Fixed or variable monthly payments

  • Choose your supplier and vehicle

  • No mileage limits

  • Terms from 12 to 60 months

  • Option to own at the end

Business Hire Purchase

Contract Hire

A cost-effective way to lease brand new cars without owning them.

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  • New only

  • Fixed monthly payments

  • Choose a vehicle from your Contract Hire provider

  • Mileage limits agreed at start of contract

  • Terms from 24 to 60 months

  • Return vehicle at end of contract

Lex Autolease Contract Hire

Talk to a member of the Lex Autolease team

Call us on 0344 755 0504.

We’re available from 9am to 5pm, Monday to Friday, except public holidays.

Other borrowing options

Whether you're an established business or just starting out, finding the right finance product can be difficult.

Compare and choose our products, whatever your business circumstances.

View all borrowing

Finance and contract hire is subject to status for UK resident and 18+ only. The vehicle must be returned at the end of the contract in good condition otherwise further charges will apply.

Lex Autolease Limited Registered in England and Wales with registered number: 1090741 Registered office: 25 Gresham Street, London EC2V 7HN.  Authorised and regulated by the Financial Conduct Authority for credit-related regulated activities and insurance distribution.

The provision of credit or leasing services is subject to you meeting our Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.

While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Lloyds Bank for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.

Lloyds Banking Group is a financial services group that incorporates a number of brands including Lloyds Bank. More information on Lloyds Banking Group can be found at lloydsbankinggroup.com.

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

Important Legal Information

Lloyds Bank plc, Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England & Wales no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.

Lloyds UDT Leasing Limited, Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England & Wales no. 665240.

Lloyds Bank Asset Finance, part of Lloyds Banking Group, is a member of the Finance & Leasing Association (FLA) and complies with the FLA Business Code of Practice. Lloyds Banking Group is a member of the Lending Standards Board (LSB) and complies with the LSB Standards of Lending Practice for Business Customers (Asset Finance). Further information is available from the FLA at www.fla.org.uk and from the LSB at www.lendingstandardsboard.org.uk.

We are covered by the Financial Ombudsman Service (FOS). Please note that due to FOS eligibility criteria not all business customers will be covered.

The provision of our credit or leasing services by us is subject to you meeting our credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.