Find out the most common benefits of business leasing below and see why it could be the best option for you and your company.
Lease deals are flexible to suit your business’s needs and budget. Choose an initial payment amount that’s right for you, either one, three, six, nine or 12 months.
Your monthly payments are affordable and fixed for the duration of your contract. This means you know exactly what’s coming out each month for your vehicle allowing you to budget around it.
As you’re not paying out for the full price of the vehicle, you’ll have an improved cash flow for your business. You also won’t own a car, a depreciating asset which typically loses around 60% of its value in the first few years of ownership.
Rather than having to sell your vehicle when you fancy a change, you simply hand it back at the end of your lease and take out a new business lease deal.
On a business lease, you can reclaim VAT if you’re a VAT registered company. Vehicles used solely for business use can reclaim 100% of the VAT whereas vehicles used for both personal and business can reclaim 50%.
You can also reclaim 100% of the VAT on any business lease for maintenance.
Your monthly leasing payments include your annual road tax as standard. A manufacturer warranty is also included, generally for the first three years of your contract or up to a certain mileage limit.
Breakdown cover is also included with some vehicles, depending on the manufacturer, offering you further protection.
For full details, it varies depending on each vehicle and your business.
You can lease one vehicle or a whole fleet depending on your business needs. Each lease will be treated as a separate agreement, however, incentives like pool mileage can be offered if suitable for your business.
Employees will be able to upgrade their vehicle every two to four years, staying on top of the latest technology, safety improvements and the best fuel economy.
Towards the end of your business contract, we’ll contact you to arrange a new lease deal and try to arrange delivery of your new lease on the same day your old model is collected.
For additional peace of mind, we offer a maintenance package to cover you for routine servicing and maintenance including tyre repair and replacement. Maintenance packages are added for a low monthly fee for even more affordable business packages.
We offer salary sacrifice leasing options so employees can take out a business lease through their company to save money through VAT reclamation.
As Vehicle Contracts pre-order popular vehicles, the wait time to get behind the wheel could be shorter than if you’re to order a new car. We also have some in stock lease deals that are readily available for quick and convenient delivery.