Fitness steps up with contract purchase fleet from Lombard Vehicle
Management
Fleet provider Lombard Vehicle
Management (LVM)
has created an individually tailored contract purchase package for
staff at LA Fitness, a health club chain.
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The deal covers the 50 vehicles in the LA Fitness fleet, with
contract purchase chosen over other alternatives because “a finance
lease cannot be provided with a maintenance contract, and contract
purchase also reduces end-of-life risk,” LVM said.
Contract purchase also gives companies the tax benefits of
vehicle ownership, such as capital allowance claims, with no
VAT charged on the finance element.
LVM’s business development manager Stuart Moore was in charge of
the deal. Delivery of the cars – a mixture of VW Golfs and BMW 3
Series, with a free choice for directors – started in mid-July.
Motor Finance Issue: 45 – July 08
Published for the web: August 5 08 12:48
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