Believed to be the first white label leasing arrangement of its kind in the UK, the new service will offer RAC Business customers the option to lease vehicles through a vehicle management portal, offering new cars and light commercial vehicles provided by Lex Autolease.
The arrangement will give the RAC’s Business Club customers access to the buying power of Lex Autolease – which currently has over 300,000 cars and vans in its fleet – providing them with regular special offers and more competitive leasing rates.
Customers will also benefit from complementary fleet services provided through RAC's Business Club platform. These include RAC Telematics, RAC Fuel Cards, accident management services, van for van replacement, and duty of care guidance.
Jenny Powley, sales director corporate at RAC Business, said: “We have developed a powerful proposition with Lex Autolease which will provide SMEs with the best option for leasing fleet vehicles. As a business the RAC leases all its vehicles, cars and patrol vans so it was a natural step to give our Business Club customers access to the level of service and economies of scale that we enjoy with Lex Autolease.
“We are confident that working together with Lex Autolease will deliver the kind of service our customers are looking for when considering leasing, with easy access from the Business Club portal.
“Leasing vehicles rather than buying outright can be a much better option for businesses that rely on being on the road, as they have the security of reliability and don’t have to worry about unexpected servicing or breakdown costs, because that is covered. As such their business will operate more smoothly which puts them in a better position to grow as a result.
“We are confident that our Business Club customers will see the clear benefits of this arrangement and take advantage of the special promotions open to them.”
Andrew Goodwin, business development director at Lex Autolease, said: “It’s not only large businesses that can benefit from vehicle leasing. Opting to lease rather than buy cars and vans can unlock valuable capital for SMEs, currently tied up in depreciating vehicle assets that could be better invested elsewhere.
“Small and medium sized businesses already have access to a range of vehicle management tools in the RAC Business Club portal. The addition of Lex Autolease’s leasing expertise and special leasing offers makes this an indispensable resource for sole traders, entrepreneurs and SMEs looking to make better use of precious capital and work more effectively to achieve their ambitions.”
