Q&A: Andrew Goodwin of Lex Autolease
How will it work?
Customers of the RAC’s Business Club will now have the added capability to lease vehicles, provided by Lex Autolease, through the portal. Complementary fleet services will also be available, from RAC telematics, accident management services, fuel cards and duty of care guidance.
How will the partnership stand out in the fleet industry?
The arrangement is thought to be the first white label leasing agreement of its kind in the UK, and will offer a unique combination of expertise from two of the leading automotive brands in the country. The buying power of the UK’s largest lease provider – Lex Autolease – will provide smaller fleet users with access to discounted special offers from top manufacturers.
How will SMEs benefit?
We believe that the RAC Business Club already provides a great deal of support for SMEs. By adding leasing into the mix, its customers will be able to see the benefits of leasing, as opposed to buying vehicles outright, and free up much-needed capital from depreciating assets which could be better invested elsewhere. Costly unplanned maintenance can hit SMEs hard, but the inclusion of maintenance in a lease agreement taken through the RAC Business Club means customers will benefit from a reduction in unexpected financial outgoings as well as minimising vehicle downtime.
There will be a range of other valuable resources available to members, from leasing expertise to special offers, all intended to help customers who are entrepreneurs, sole traders or SMEs reach their business ambitions.