Vehicle Contract Hire
Contract hire can be a cost effective way to manage company vehicles. Extras, such as maintenance costs, can be taken care of so you can get on with running your business. We are partnered with Lex Autolease and its dedicated contract hire Fleet Direct team.
Lex Autolease is a Lloyds Banking Group company and has a dedicated Fleet Direct team for businesses running up to 40 vehicles.
Features and benefits
- Competitive monthly rentals.
- Can be VAT efficient for most companies.
- Potential to free up business capital.
- Optional maintenance to reduce administration costs.
- Vehicles are 'off balance sheet' and therefore not seen as a fixed asset.
Businesses need to:
- Have been trading for at least two years.
If businesses do not meet these criteria, we can offer our Personal Contract Hire option. This is where the vehicle is funded by the individual, rather than the business. Check through our finance application checklist before applying.
How to apply
Important Legal Information
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.
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.
The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.
Lex Autolease Limited Registered in England and Wales with registered number: 1090741 Registered office: 25 Gresham Street, London EC2V 7HN. Finance 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. For guidance please see the BVRLA guidance on fair wear and tear at www.bvlra.co.uk.