Finance Lease is a perfect solution for VAT-registered businesses who require vehicles but do not have finances to pay for the assets.
The monthly rental is calculated by using the initial cost of the vehicle, the period of the lease and the residual value. Due to the residual value being used to calculate the monthly rental all contracts are restricted to a mileage limit as this is used to determine the future value.
The customer has full use of the vehicle during the lease period and although you never take ownership you are required to pay the equivalent to the residual value. This generally means the vehicle is sold and a proportion of the proceeds of the sale are returned to the lessee. You do have the option to pay the entire cost of the vehicle (plus interest) in monthly instalments.
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Contact one of our Account Executives today to discuss your fleet requirements:
0845 296 4423