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Velux leaps into leasing with Lex Autolease

Velux is a leading manufacturer of roof windows, sun tunnels and roof window blinds, and has a large fleet of cars and vans which are used by its sales team and technicians for customer fittings and repairs. Lex Autolease worked with the company to develop a contract hire solution with a full service and maintenance package, moving the company to a whole life cost policy – a first step towards making its fleet more sustainable by reducing running costs and minimising vehicle downtime.
VELUX and Citypress 1

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October 21, 2020

LEX Autolease has helped Velux Ltd through a significant business change by switching its entire UK fleet of cars and vans from outright ownership to contract hire.

Velux is a leading manufacturer of roof windows, sun tunnels and roof window blinds, and has a large fleet of cars and vans which are used by its sales team and technicians for customer fittings and repairs.

Lex Autolease worked with the company to develop a contract hire solution with a full service and maintenance package, moving the company to a whole life cost policy – a first step towards making its fleet more sustainable by reducing running costs and minimising vehicle downtime.

Following site visits prior to Covid-19, Lex Autolease completed the implementation of the policy during lockdown so that the new vehicles would be on the roads and ready to go once restrictions eased.

The success of the transition has meant that Velux has now begun the process of moving all its LCVs to lease.

Christopher Hoey, Business Development Manager at Lex Autolease, said: “Flexibility is key for all our clients but even more so in the current climate, so it was essential we did whatever we could to help Velux continue operating as near to normal as possible.

“We were able to recommend and develop a solution with the right vehicle for the right job, while showing them the benefits of contract hire by looking at the whole-life cost and the positive impact it can have on cash flow and the tax benefits.”

Lorraine Kane, finance director at Velux, said: “Making the move to a fully leased fleet was a huge decision for us, and it felt pretty daunting. The relationship with our new vehicle provider had to be perfect.

“They worked hard to understand exactly what we needed and developed a completely outsourced solution that will not only save us money but will bring our vehicles right up to date, making them greener and more reliable. There’s also real peace of mind that comes from knowing that all repairs and maintenance will be taken care of.”

The new Velux commercial fleet is predominately made up of Volkswagen Highline models, alongside a handful of Mercedes-Benz Sprinter models.

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Chris Wright

Chris Wright

Chris Wright has been covering the automotive industry nationally and internationally for 30 years. Following spells with consumer titles he became News Editor of Automotive Management (AM), Editor of Automotive International, International Editor for Detroit-based Automotive News, and Editor of Dealer Update. He has also co-authored several FT Management Reports and contributes regularly to Justauto.com

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