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Lex Autolease was created in May 2009 from the merger of HBOS-owned Lex Vehicle Leasing with Lloyds TSB Autolease, and is currently the largest vehicle leasing business in the UK, with a fleet of about 385,000 vehicles. [1] [2] One in every thirty new cars sold in the UK is through Lex Autolease. [3]
Vehicle subscription is a service where a customer pays a recurring fee for the right to use one or more automotive vehicles.Some vehicle subscriptions offer insurance and maintenance as part of the subscription fee; other subscriptions allow the subscriber to switch between different vehicles during their subscription period.
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
Ling's Cars was founded by Ling Valentine, a Chinese businesswoman. Ling was born in Chengdu, China, and moved to the United Kingdom during the 1990s. [2] Ling best describes herself as a "scruffy Chinese girl". [3] The company was founded in 2000 by Ling and her husband Jon out of their living room.
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BVRLA members are responsible for a combined fleet of almost five million cars, vans and trucks on UK roads, or 1-in-5 cars, 1-in-6 vans and 1-in-6 trucks. The vehicle rental and leasing industry supports over 465,000 jobs, adds £7.6bn in tax revenues and contributes £49bn to the UK economy each year. [2]
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