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Finance Types

Finance Lease

With Finance Lease you lease the vehicle for an agreed term these range between 12 and 48 months, this is based on a fixed monthly payment until end of contract. A (balloon payment) lump sum is usually added as final payment this is set equivalent or less than the expected sales proceeds of the vehicle, VAT will be included in the payments of which 50% is reclaimable, and maintenance packages are often available if required.

Benefits

• Gives you advantages like Contract Hire on reclaiming 50% of the VAT content.
• Lower deposit
• There are no restrictions on the mileage over the term of contract but you will pay depreciation for miles travelled.