Lloyds Banking Group customers can now lease a car via mobile app

Lloyds Banking Group has introduced a new feature that enables customers of Lloyds Bank, Halifax, and Bank of Scotland to lease a car through their mobile banking apps. This offering is made possible in partnership with Lex Autolease, a specialist brand, and provides customers with various car options, including electric and hybrid vehicles.

Facts

  • Lloyds Banking Group now offers car leasing via its mobile app in collaboration with Lex Autolease.
  • Customers can use the mobile app to research, review, and select leasing options based on their budget and preferences.
  • The app allows customers to check their financial eligibility before finalizing a car leasing contract.
  • There are over 4,000 car models available for lease, including 16% electric vehicles and 27% hybrid vehicles.
  • Lloyds Banking Group claims to be the first UK bank to provide such a car leasing offering via a mobile app.
  • The service is accessible to 11 million personal current account customers.
  • The initiative aligns with Lloyds Banking Group’s sustainability commitments by offering a wide range of lower emissions vehicles, promoting accessibility and affordability of eco-friendly transportation options.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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