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Finance lease is a cost effective way of leasing a new or used ‘VAT qualifying’ car or commercial vehicle. Finance lease is available for VAT registered companies.
Why choose Finance Lease?
Low monthly rentals – your payments are generally lower than those on an equivalent purchase agreement.
You can benefit from a proportion of the vehicle’s equity once all rentals are paid.
You can choose to include a final ‘balloon’ rental, which lowers your regular monthly rentals.
Consider the following before choosing Finance Lease.
VAT is payable on the monthly rentals. If you are VAT registered then you can reclaim 50% of the VAT for cars, and all the VAT on commercial vehicles.
You will not own the vehicle at the end of the agreement. Instead you may continue to lease the vehicle for a further period with a lower rental cost, or sell the vehicle on behalf of the finance company. They will retain a portion of the sales proceeds.
If you’d like to speak with one of our experienced sales staff then please feel free to call us on 01342 301465