Lex Autolease, the fleet finance arm of Lloyds bank, will provide vehicle leasing to RAC’s Business Club customers, following a white label agreement between the two companies.
RAC Business Club is an online fleet management tool offered by online retailer RAC Business.
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Through the deal with Lex Autolease, SME fleet managers using this tool will have the option to lease new cars and commercial vehicles.
Jenny Powley, sales director corporate at RAC Business said: "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."
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