Lex Vehicle Leasing, recognised as the leading car and van contract hire company in the UK, has won a pioneering new outsourcing contract with Ford Business Partner, the contract hire arm of Ford Credit.
Under the new contract, Lex will provide contract hire infrastructure services to the Ford family of brands (Ford, Jaguar, Land Rover, Mazda, Volvo and Aston Martin .. All Sales and Marketing activities will continue to be owned by Ford Financial and marketed as Business Partner. Customers will continue to be maintained within this branded environment with Lex providing dedicated resource to support the delivery of the brand experience. Lex will fund and manage the existing fleet of approximately 20,000 vehicles. Revenues are anticipated to reach £1bn over the life of the 7-year contract.
Jon Walden, Lex Vehicle Leasing's Managing Director, said:-
“This is a pioneering contract and recognises the mutual benefit that a company like ours and Ford Financial can generate when they work together in partnership. It is a fantastic accolade for the people who work for Lex as it recognises the investment we have made in great customer service and industry-leading IT systems. We will be seeking to build upon this model to attract other potential manufacturer partners in the future.”Published 29 December 2003