Finance Lease is well suited to companies that require reliable vehicles that may be subjected to heavy use and/or wear and tear such as LCV’s. It is also suitable for companies looking to keep their vehicles on balance sheet who want to take the residual risk once the contract ends. Finance Lease can help improve cash flow as the terms are adjustable offering affordable monthly payments.
The benefits of Finance Lease are:
- New vehicles
All the benefits of a new vehicle without committing to purchase them. - Fixed monthly fees
You control exactly what your monthly payment will be based on the agreement length and how much you wish to pay off over the contract term. - Flexible contract length
Choose to take your vehicle over either two or five years. Whatever is best for you. - Lower finance costs
Our buying power allows us to pass on our vehicle discounts to you as lower rentals on which you can claim back up to 100% of the VAT. - No recharges
Taking the residual risk on the vehicle means that at contract end there are no charges for wear and tear or excess mileage.
At the end of the contract you have the choice to carry on either at a nominal rate, if your book value is nil or at the same rate until the book value is nil
