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Following the merger between Halifax Bank of Scotland and Lloyds TSB everyone knew that Lex Vehicle Leasing and Lloyds Autolease would at some point in the future merge as well. Although amidst the issues of mortgages, loans and high street operations it was thought that the contract hire arms would be among the last to merge.
However, within the next 12 months the two should come together to form the largest contract hire fleet in the country. Already these two giants are the are the largest, with a combined weight of circa 250’000 vehicles this sets them miles apart from their nearest rivals.
The two are likely to come together under the somewhat unsurprising banner of Lex Autolease which also combines the weight of the two strong brands.
Insignis Cars have been around for some time now serving the discerning buyers requirements for finding prestige and specialist cars predominantly in the UK, Cyprus and Malta. Sourcing a supplying everything from Audi to Lamborghini, Mercedes to Ferrari, there latest move is to embrace the world of prestige car leasing.
“Whilst we know it’s a competitive market place, we do have a proven track record in successfully sourcing cars for all our clients. The leasing market is slightly different as it focuses on new cars and traditionally has not leant itself to pricier metal but we need to move with the times to and look to supply what our growing a number of customers want, how many times a day can you look blank when a customer asks for an BMW 5 Series on a 3 year contract hire?”
The new arm of Insignis aims to provide prestige only leasing services and not just focus on the “special offer” market but providing leasing for all prestige marques whilst employing their core values required to succeed in the prestige car sourcing market.
Insignis Cars –
tel: 0844 414 5164
Lex Vehicle Leasing, the UK’s largest contract hire company has made a strategic move to no longer supply finance within the personal contracts hire market. This follows an exit from the personal contract purchase market over 12 months ago. Recent moves come following LLoyds TSB’s merge with Halifax Bank of Scotland.
Lex merged with Bank of Scotland own contract hire company some 18 months ago, the credit crunch forced merger of Lloyds and HBOS bought together Lex and leasing giant Lloyds Autolease part of the deal meant that Lex would need to move out of the personal contract hire market.
Lex’s exit does leave room within the personal contract hire market. With similar moves made by lesser players like GE, SG Fleet and Arval in recent years. Lombard and Leaseplan look set to dominate this market in the near future.
One of the top Mercedes Benz dedicated Car Leasing websites has made some major updates to it’s web offering. Currently supplying some of the best deals available Mercedes Leases.co.uk has upped it’s game to further support customer experience.
More mileage pricing
Now displaying additional pricing for the those customers looking to do 15 and 20 thousands miles per annum. Rather than having to make a call or enquire via email the information is available on line.
Part Exchange
As more and more people and organisations move towards leasing as a cash flow positive solution, turning the metal on the drive way is important. Mercedes Leases will now offer a part exchange service to further support the leasing experience.
Price Promise
So sure they can offer the most competitive leasing products on Mercedes Benz cars they will now offer to pay £50 on completion of any deal to a customer that can provide a more competitive quote.
A spokesperson commented “we are simply moving with the times and looking to me customer expectations. These are constantly evolving and it’s our job to evolve too.”.
Release made by MercedesLeases.co.uk
