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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]
The company is active internationally and manages around 3.42 million vehicles. [3] With a direct presence in 42 countries and with top 3 positions in 26 countries, ALD Automotive is ranked #3 worldwide and #1 in Europe by number of contracts under management and excluding OEM captives as at 31 December 2017 with around 1.5 million full service ...
LeasePlan is an international company of Dutch origins, specialised in automobile leasing and fleet management - its products are composed of operational fleet management services. Founded in 1963, [ 2 ] [ 3 ] it has more than 14% of its approximately 6,600 employees working out of the Netherlands.
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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.