LVL wins 'ground breaking' Siemens UK employee car supply contract

Lex Vehicle Leasing has won what it calls a ground breaking long term contract with Siemens to provide employee-owned cars for Siemens' employees across its 24 UK businesses.

Car Benefit Solutions (CBS), specialists in the design, development and implementation of structured company car alternatives were the architects of the new arrangements. The scheme includes features designed to minimise secondary tax costs arising from early termination and excess mileage. The ground-breaking new design comes with full compliance approval from the Inland Revenue.

This appointment will bring a potential 5,000 additional vehicles onto Lex's existing fleet of 100,000 cars and vans.