Business Vehicle Leasing

For a fixed monthly rental you can lease brand new cars and vans without having to find the initial capital to purchase them outright. The contract can be tailored to suit your particular business needs, but is typically between 3 and 4 years. There is also the option to include maintenance within the lease.

Because you never own the vehicle, at the end of the contract we will collect it and dispose of it. This means that you never take the risk on the final value or have the hassle of selling it. All you need to decide is which vehicle you want, the length of the contract and the expected mileage – we look after the rest.

Leasing: How it works

Reasons why leasing business vehicles makes sense:

• Cost control – a competitive, fixed monthly amount to pay makes budgeting easier
• Free up capital – you get new vehicles without the up-front costs, freeing up money for you to invest elsewhere in your business
• Competitive costs – we buy thousands of vehicles and you will benefit from our buying power
• No risk – you can eliminate the risks on vehicle depreciation and maintenance. At the end of the contract, simply hand back the car without worrying about how much it might be worth
• Any vehicle – the widest choice of a cars and light commercial vehicles available to meet your business needs
• Less administration – we deal with all the buying, maintenance and selling issues saving you time and money; allowing you to focus on your core business
• Tax benefits – Reclaim 100% of the VAT on all maintenance charges, the lease rental for commercial vehicles and equipment assets. Plus 50% of the VAT on the fees and finance element of the rental on cars made available for private use
• Hassle free – you have the option to add servicing and maintenance, taking away all the hassle of running a vehicle leaving you to just drive. Plus we offer other useful services including fuel, accident management and short term vehicle rental
• Expert advice – we can advise you on the most suitable vehicles, type of funding, length of contract, anticipated mileage, tax position and how long you should keep each vehicle

Things to consider:

• Business Contract Hire is subject to status and credit acceptance
• This is a hire product so you will not own the vehicle
• Minimum duration is 24 months and 6,000 miles per annum
• If selected – Service & maintenance package includes: manufacturer recommended servicing and tyres, and excludes misuse, accident damage and vehicle glass
• Early termination can be expensive
• If you have exceeded your agreed mileage, an excess mileage charge will be payable, worked out on a ‘pence per mile’ basis as set at the start of your contract
• You must return the vehicle in a well maintained condition. Any damage over and above that stated in the Fair Wear and Tear Guide will be subject to additional charges
• The vehicle must be insured with full comprehensive cover
• You will never own the vehicle as there is no option to buy it

We’ve been helping businesses make the switch since 2008