Car and Van Leasing.

You are here: Finance Facilities -> Car and Van Leasing.

Finance lease is a very low cost option of purchasing a vehicle by business users (sole traders, partnerships or limited companies) if:

• the deposit is required to be as low as possible
• the monthly payments are to be kept to a minimum
• the ownership of the vehicle is not required by the user at the end of the agreement

If you do not wish to own the vehicle after the agreement ends, this is the best finance option for you to choose.

The deposit required is usually a minimal amount with the balance on finance payable by fixed monthly rentals, plus VAT. This includes fixed rates of interest payable which cannot be increased after the agreement has commenced.

The term of the agreement is usually 1 to 5 years.

Rentals are usually monthly / quarterly or half yearly by direct debit.

Deposits are usually 1 rental / 3 rentals or 6 rentals in advance (paid on signing the agreement).

The commencement date of subsequent rentals (after the advance rental has been paid) is usually one month / three months or six months after the agreement commenced, dependant on the term of the advance rentals.

The amount financed can be minimum £5000 plus VAT to a maximum of £100,000 plus VAT.

The vehicle is not owned by the user and is returned to the leasing company at the end of the agreement period. After this the vehicle is usually sold to a third party, and the sale proceeds less a small amount, is usually returned to the previous user and is subject to VAT.

To apply now please click HERE.