GuideToCarLeasingHeader

New to leasing? The below guide has been created to provide you with the most comprehensive information you need to get on the road.

What is business car leasing?

Business car leasing, and specifically business contract hire, is an extremely popular way of hiring company cars. This is due to the many benefits it offers to business owners.

We have broken down these benefits for you below, and then summarised the different forms of business car leasing including the most common form, business contract hire.

What are the benefits of business car leasing?

Over half of all company cars are financed as a business car lease. This is due to the several benefits to a leasing offers that make it an attractive option, such as:

Outlay

 Low initial outlay

The inital outlay required to lease a vehicle is less than a car loan or buying outright, starting from only three monthly payments, keeping expenditure low.

Cashflow

Improved cash flow, avoid depreciation

The total cost of a lease is often cheaper than the finance payments on a car loan or buying a vehicle outright. This allows your business to have improved cash flow.

VAT

VAT benefits for your business

50% of your monthly rental figure is tax reclaimable. If you take out a contract out with maintenance, 100% of the maintenace figure can be reclaimed.

Maintenance

Option to include maintenance

For added peace of mind all lease contracts have the option to include maintenance for an additional monthly fee, for a complete hassle free service.

Road Fund

Road fund licence

Road fund licence is included in all business contract hire contracts, and for the first year in an operating lease. Saving your business even more.

Warranty 2

Full manufacturers warranty

All lease cars come with a full manufacturers warranty that will, in most cases, cover the term of your contract, allowing you to focus on more important business.