Finance Lease
Your vehicle is hired to you for a fixed period of time without the option of ownership. Your payments cover a percentage of the vehicle costs plus the finance charges. At the end of the agreement, the proceeds from the sale of the vehicle less a small administration fee are returned. You can also choose to pay a final balloon payment to reduce your monthly payments.
- Use of the vehicle without large capital outlay
- Improved cash flow with fixed monthly rental
- VAT reclaimable (depending on usage)
- Rentals allowable against taxable profits
- Your business could benefit from the net sale proceeds