Finance Lease……

Flexible leasing options for Companies of all Shapes & Sizes

Finance Lease is a popular type of agreement for Fleet and Business users who are looking for more flexibility at the end of the lease term, or those who do not want the usual mileage and Fair Wear & Tear associated with Contract Hire - ideal for van users where the vehicle is likely to suffer heavy wear during the course of your business. Essentially, you take a vehicle on for a fixed period of time (the primary term), and then at the end of the agreement, you have the option to Continue Leasing the vehicle (paying a small annual 'peppercorn' fee), or to sell the vehicle to a third party, benefiting from the majority of any profit from the proceeds.

You choose the length of contract, normally a minimum of 2years, ranging up to 5 years. You specify your ideal vehicle choice(s), along with any manufacturer cost options required. Our experienced team will then negotiate the best level of discount with Vehicle Manufacturers and dealerships, and source the best possible rate from our panel of lenders.. At Concept Vehicle Leasing, we work directly with a number of leading banks and financial leasing companies, including LEX Autolease (part of Lloyds Banking Group), to ensure you get the lowest possible FInance Lease deals every time.

Your regular payments are fixed at the start of the lease term, and remain unaffected by changes in interest rates. This makes it easy to budget for the cost of your motoring for the next few years. Finance Lease is available either with or without a 'Balloon' payment. This gives you have the flexibility to decide on what happens at the end of the contract - do you have a 'lump sum' to cover by the sale proceeds of the vehicle, retaining up to 98% of any profit (but taking the risk on any loss)? Or, do you pay more a month, but have no 'balloon', putting up to 98% of any Sale Proceeds straight back in your pocket?

As you are taking ultimate responsibility on the residual value of the vehicle, you have maximum flexibility on mileage and wear & tear - although of you are opting to have a 'balloon' payment included on your agreement, we will advise you to base this on anticipated annual mileage to minimise any risk for you at the end of contract.

Finance Lease can help your business cashflow, as a low initial outlay of just 3 monthly payments in advance is normally required. With fixed low monthly payments, and up to 100% VAT being reclaimable, Finance Lease could be an ideal solution for your business.

So, could Finance Lease be right for you? Here are some of the main Features and Benefits....

Key Features   Key Benefits
  • Fixed cost for the duration of contract
  • Flexible Contract Length
  • No restriction on mileage
  • Low Initial Outlay
  • VAT registered companies can reclaim a proportion of VAT
  • Up to 100% Tax Relief is available on the Lease Rentals
  • Lower Finance Costs
  • No End of Contract Re-charges
  
  • Accurate budgeting unaffected by interest rate changes
  • Contracts range from 2-5 years
  • Ideal for High Business Mileage users
  • Initial payments ranging from 1 to 12 months available (typically 3)
  • 50% on Cars (assuming private use), and 100% on Commercial Vehicles
  • Cars under 160g/km CO2 are the most Tax Efficient to operate
  • We negotiate vehicle discounts/finance rate - you get the best deal
  • You take the risk on vehicle condition, so no damage recharges at the end of contract

Available on all Cars and Commercial Vehicles - Currently available to Limited Companies, PLC's and Limited Liability Partnerships Only

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Document downloads:

Download PDF Concept Vehicle Leasing - Brochure (919KB)