Finance Lease
- Again, low deposit funding method with typically three monthly rentals in advance
- Fixed monthly repayments
- Clients can choose to reduce rentals by choosing the Finance Lease with a ‘balloon’
- Repayment periods available of up to 60 months
- VAT is paid monthly, then can be claimed back quarterly if client is VAT registered
- Monthly rentals are 100% allowable against taxable profits
- When the vehicle is sold or part-exchanged at end of the term, the hirer benefits from up to 100% of sales proceeds excluding VAT
- Finance lease is ideal for non-VAT registered businesses looking for low initial deposit and maximum flexibility
- Finance lease carries no official mileage clauses or penalties
Ian Evans-Piper continued;
“Not all leasing companies offer different methods of funding – there are many that only specialise in contract hire. We believe that customers should make an informed choice based on their circumstances and because of this, we have a steady stream of satisfied clients recommending us and also returning to us.
“In addition, we do offer car leasing and funding so for businesses looking for a ‘one-stop-shop’ for all of their fleet requirements – we are proud of being able to offer competitive deals and provide sound advice to anyone seeking an expert opinion.”
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