Finance lease
Contact us today to determine which funding method is most appropriate for your business.
A finance lease transfers all the risks and rewards of vehicle ownership to you, much as though you had purchased the car yourselves. Finance lease is an 'on balance sheet' option.
During the period of the lease, you have full use of the vehicle but you never take ownership of it. The lease contract ends with a final payment equivalent to the residual value of the vehicle. This is normally managed through the sale of the car.
In a finance lease arrangement you never take ownership of the car and it must be sold to a third party at the end of the agreement.
Benefits of finance lease:
- Fixed monthly costs
- VAT-efficient for most organisations
- Additional services can be included
- Low initial outlay
- Provides an alternative credit line for funding
- Single monthly invoice
- Appears on lessee's balance sheet
Contact us today to determine which funding method is most appropriate for your business.
