Fleet News

Lombard covers extra VED charge

LOMBARD Vehicle Management is covering extra VED charges levelled on customers’ vehicles after the charges were increased in the Budget.

Gordon Brown raised the F band charges by £25 a year, and introduced a £210 G category for vehicles emitting higher amounts of CO2 – £45 more than the previous top band.

Although targeted at SUVs, many popular fleet cars are affected, particularly automatics and petrol cars. Lombard says this could cost fleets almost £4 million in extra revenue during 2006.

Lombard head of sales Edward Pigg said: ‘One of the key selling points of contract hire is predictability of costs. We try to reduce the variables to a minimum by, for instance, keeping damage charges low, and we are also committed to being a genuine partner for our customers. We are removing this additional financial burden for existing customers.’

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