FINANCE LEASE

Finance Lease is a popular funding option for commercial vehicles where Contract Hire is not suitable. 100% Vat reclaimable, spread Vat. Also can be used to fund cars where contract hire is not a good option and 50% of Vat reclaimable, also there may be significant tax advantages.

KEY FEATURES

  • Deposit as little as 1 month
  • Improved cash flow
  • On balance sheet
  • No damage recharge
  • Accurate monthly budgeting
  • Fixed interest
  • Rentals allowed against tax
  • Vat fully reclaimable (commercials) or 50% reclaimable (cars)
  • Benefit of full fleet discounts
  • Reduced rentals by including a residual value

THINGS TO REMEMBER

  • Vehicle must be sold to 3rd party at end
  • Maintenance is not included
  • Any residual value is not guaranteed