Industry announcement affects personal car leases
A major industry announcement was made yesterday (15 June 09), which is likely to affect people looking to take out a personal car lease. If you are looking to take out a personal car lease in the near future, please read this important information.
What’s changing?
You may already be aware that the two biggest companies that finance vehicle leases are merging – Lex and Lloyds TSB Autolease. Leasing companies, like us, use companies such as these to finance vehicles for their customers.
Yesterday (15 June 09), Lex made an important announcement that will affect people who are looking to take out a personal car lease – As of the end of June they will not fund personal car leases anymore (this is only 2 weeks away).
How will this affect you?
Leasing companies will no longer be able to finance personal car leases for you through Lex. Lex is the largest company that finances vehicle leases – historically they have provided some of the most competitive prices. So it’s a big shame that they have decided to pull out of the market.
This doesn’t mean that you won’t be able to take out a personal lease. But choice will be more limited and leasing rates for personal leases may not be as good as they have been.
What are your options?
If you are thinking about taking out a personal lease in the next few months, you may want to act sooner than what you were planning to.
As mentioned above, Lex is very competitive. It’d be a shame for you to miss out on getting the cheapest deal, because you didn’t know they were pulling out of the personal leasing market.
We encourage you to make contact with us quickly for a no-commitment quote. If Lex offers the cheapest finance for the vehicle you want to lease, you will save yourself money by ordering it before the end of June (delivery can be after June) . After June, it’ll be too late.
Please contact any of the Vesource team on 0845 052 5268 or email info@vesource.co.uk for more information. Alternatively you can fill in our simple online quote form www.vesource.co.uk/quote.
