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In 1969, it acquired Controlled Cost Motoring, established Lombard Contract Hire in 1983 and acquired Fleetdrive in 1988. Autolease was established in 1959 by Britax, which also owned Bristol Street Motors. [4] Through mergers, a company called Lex Vehicle Leasing emerged. By 2005, it was owned by Aviva as part of their RAC plc company.
The vehicle rental and leasing industry supports over 465,000 jobs, adds £7.6bn in tax revenues and contributes £49bn to the UK economy each year. [2] It seeks to look after the interests of, and sets standards for operational quality for, both the contract hire and leasing sectors and the daily hire sectors.
Lease purchase agreement (click to view pages) Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during ...
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
Ryder was founded in Miami, Florida, in 1933 by James Ryder as a concrete hauling company with one truck, a 1931 Model "A" Ford. [7] In 1938, Ryder signed a five-truck lease deal with Champagne Velvet Beer, increasing Ryder's fleet to 20 trucks. [8]
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A livery cab (North America), private hire (UK and Australasia), or minicab (London) is a car with a driver available for hire only on a pre-booked basis. These cabs are contrasted with public-hire taxicabs or hackney carriages, hailed or street taxis, licensed to ply streets and for hailing throughout communities.