Car Leasing Explained
Know your options and more about the process
For Business, Company, Private and Personal users
See below information on the various car leasing finance options. As you can see there are a number of ways in which we can arrange finance for your car leasing contract. We understand that purchasing a car is a big investment so you can rest assured that we will advise and recommend the most suitable package for you during the car leasing quotation process.
Contract Hire
This form of funding allows you to run your vehicles for a fixed monthly cost. By using Contract Hire the cost of your vehicle is removed from the companies balance sheet, thus freeing up capital.
Features & Benefits:
- Low initial outlay (sometimes as low as one payment in advance)
- Fixed cost motoring
- No depreciation worries
- Choice of repayment periods (2-4 years)
- No disposal worries
- No final payment
- Road Fund Licence included for the full term of finance
- Maintenance Option
Personal Contract Hire
Personal Contract Hire is basically a funding method for private individuals where the customer pays an initial deposit (this can be 1, 3, 6, 9, 12 payments down or a specified amount by the customer) and then pays a monthly rental based on the mileage to be covered per annum. At the end of the term the customer returns the vehicle and takes out a new agreement. By the funder using the benefit of the vehicles future value the payments are made a lot more affordable than traditional hire purchase. This can also be complimented by a maintenance option, thus giving fixed cost motoring.
Features & Benefits:
- Release of Capital
- Low Initial Outlay
- Off Balance Sheet
- Management of Fleet
- Risk Free
- VAT Efficient Purchasing
- Flexible Rental Pattern
- Rentals Allowable Against Tax
- Fixed Budgeting
- No Disposal Issues
- No Depreciation Risk
- Maintenance Option
Experience the joy of leasing
Vehicle leasing offers a level of benefits and protection that purchasing simply cannot offer. Check out our latest deals or request a quote.
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