involving over 2,000 vehicles from the newly formed homebuilding
giant, Taylor Wimpey.
Lex will manage Taylor Wimpey’s fleet of 1,650 cars and vans.
The lessor also won a deal to undertake a sale-and-leaseback of a
fleet of 700 vehicles originally held by George Wimpey prior to the
merger of Taylor Woodrow plc and George Wimpey plc.
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Taylor Wimpey said the fleets comprised cars and vans. It
declined to disclose the value of the deals.
Taylor Woodrow had been an existing customer of Lex with a
six-year relationship, thus making Lex a prime contender for the
deals. However, the new contracts with the merged entity were won
through a competitive tender.
Lex said it won the tender process and the Taylor Wimpey
business after developing a unique proposal which drew on the
specialist knowledge and experience of the existing business and
new-business customer teams.
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By GlobalData Motor Finance Issue: 42 – April 08
Published for the web: April 23 08 11:59
Last Updated: April 24 08 15:28
