A flexible lease option with no mileage limits or damage recharges.
Finance Lease is perfect for registered companies who want to handle the administration of their vehicles, and have the asset shown on their balance sheet.
A VAT-beneficial option where the hirer can choose to pay the entire cost over the agreed lease period, plus an interest charge, or pay lower monthly rentals during the lease period with a final payment based on the anticipated resale value of the vehicle.
The benefits of Finance Lease:
• Business capital not tied up in a depreciating asset
• VAT on rentals reclaimable
• 100% tax deductible. Reduce your costs and get back from the government up to 40% of allpayments (including your deposit).
• Spread the VAT accross all your payments, (purchase agreements – all VAT is paid up front at the start of the agreement).
• All VAT payments claimed back if registered, if not registered offset it against your tax.
• Fixed payments for the whole agreement.
• Low deposits and low monthly payments.
• Flexibility – can settle early like standard loan.
• Lower payments – can offset some capital to end of lease (called balloon or residual payment)
• No penalty charges for additional mileage or damage etc at the end of the agreement.