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Finance Lease

Finance Leasing can be one of the most cost effective options, if you need full use of a vehicle for minimum outlay but do not require final ownership.

Cashflow Benefits

By leasing your vehicles through Buy a New Car Online valuable savings can be made. A Finance Lease can be extremely flexible. Rentals can be paid monthly, quarterly or annually throughout the lease period (usually 2 to 5 years). The initial deposit is normally expressed as monthly rentals in advance and a final lump sum balloon payment (sometimes called a residual value) is usually included. This has the effect of reducing the amount of the monthly rental, thereby aiding cashflow.

Tax Implications

The rentals can be offset against taxable profits. If you are VAT registered, 100% of the VAT payable on the rentals can be reclaimed for any commercial vehicle or car used exclusively for business purposes. 50% of the VAT can be reclaimed for a car used for both business and private mileage.

Who owns the vehicles at the end of the agreement?

At the end of the lease the vehicle is sold and the sale proceeds (less a nominal sum) are refunded to you as a rebate of rentals, which attract VAT. Due to its low initial outlay, fixed costs throughout the rental period, excellent tax efficiency and flexibility, Finance Lease is favoured by many business users.

For more information please call one of our friendly staff on 0845 612 3341 or by emailing enquiries@buyanewcaronline.co.uk