Finance and Flexible Lease
This is a lease that can be used on all makes and models of car but can be only used by a Business.
On Finance Lease rentals are reduced due to taking into account the Estimated Sale Value of the vehicle at the end of the agreement.
On Flexible Lease the capital cost of the vehicle in total is spread over the payments equally for the term of the lease.
Maintenance can be added to a Finance and Flexible Lease.
At the end of the agreement the vehicle cannot be purchased by the customer, but it can be sold to a member of staff a friend or family as long as they do not have a vested interest in the company.
The payments attract VAT at the prevailing rate and can be claimed back in accordance with Government guidelines. The guidelines differ between cars and vans. The VAT element if VAT registered for the maintenance is fully recoverable.
The vehicle as with many other leasing agreements will not be registered to the customer.
Unlike Contract Hire the Road Fund License is not included for the term of the agreement .
Please ask for a quote if this form of lease is of interest.