Vehicle Contract Hire
Contract Hire can be a cost effective way to fund your 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 50 vehicles.
Features and benefits
- Competitive monthly rentals.
- Reduced operational risk: pay a budget-friendly, fixed monthly rate.
- Can be VAT efficient for most companies.
- Potential to free up business capital.
- Optional maintenance to reduce administration costs.
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.
Easy-to-follow figures so you can make comparisons.
How to apply
Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Telephone: 020 7626 1500
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.
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.
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.
We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk