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Lex leases 60,000th vehicle through broker division

The milestone comes just eight months after the firm passed the 50,000 milestone.

The Sprinter was leased to the manufacturer and supplier of premium wooden plantation window shutters in a deal secured through Vehicles 2 Lease (V2L), which has worked with Lex Autolease for the past three years. Established in 2008, it currently runs 311 vehicles on behalf of businesses nationally.

The Bury-headquartered business specialises in the leasing of LCVs and works closely with Lex Autolease to supply and configure LCVs to any specification.

Ben Humphries, director at Vehicle2Lease, said: “Businesses are becoming increasingly aware of leasing as a way to access the latest technology in commercial vehicles, and enjoying the improved cash flow that comes from leasing rather than buying outright and having a depreciating asset on their balance sheets. Coupled with the on-going economic resurgence across Britain’s small and medium sized businesses, it is little surprise that we’re seeing more and more firms opt to source vehicles this way.”

Steve Cocks, director of Lex Autolease’s Broker Division, added: “The upward trend in vehicle leasing to the UK’s SMEs shows little sign of abating. It was only in September that we were celebrating a year-on-year rise of 31% in our broker fleet and reaching the landmark figure of 50,000 vehicles.

“This is testament to the excellent service delivered by our broker partners and their understanding of customers’ needs. It also reflects the increased awareness amongst businesses of the benefits of contract hire and leasing which is driving considerable growth in commercial vehicles and personal contracts across our broker division.”

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.

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