Lex autolease

Contract Hire

Contract Hire is the most popular method of acquiring fleet vehicles. In simple terms, it is the long-term hire of a vehicle, either with or without maintenance, for an agreed period and mileage at a fixed monthly cost. When your contracted period comes to an end you return your vehicle to us, avoiding the possible cost impact of fluctuating residual values. Contract hire is treated as being off balance sheet for accounting purposes.

Why choose Contract Hire?

Off balance sheet funding
VAT efficient
Fixed costs for the contract period
Removes uncertainty of residual value fluctuations
Takes advantage of Lloyds TSB autolease's purchasing power
Reduced administration
Detailed reporting is provided
Available with or without maintenance
Support services are available including fuel cards, accident management, and full roadside assistance