Lease Deal

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Leasing

Contract term Vehicle in stock N/A
Rental profileDelivery included No
Annual mileage 0 miles Road tax included No
Maintenance included No Metallic paint No
Breakdown cover No Document fee

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Benefit In Kind Information

Body type Benefit in Kind (BIK)
No of doors BIK @ 20% tax * N/A
Fuel type BIK @ 40% tax * N/A
CO2 emissions Insurance group Group
Fuel economy combined No of seats N/A
Transmission type Engine size
0 - 62mph N/A P11D

* Approximate values


All offers are subject to change at any time, you must be 18 or over and finance is subject to status, vehicle availability and terms and conditions apply. We can introduce you to a limited number of finance companies, a commission may be received. Failure to maintain payments may result in termination of your agreement and the vehicle being returned, this could affect your credit rating and make it more difficult to obtain credit in the future. All prices correct at time of publication.

All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.

You should try and estimate the distance you will travel as accurately as possible to try and avoid excess mileage charges at the end of your contract.

What is Contract Hire / Vehicle Leasing?

Contract Hire is the most popular method of vehicle leasing for businesses. It is an efficient long term method for hiring a new vehicle without the initial outlay of purchasing or the hassle of trading once it’s time for an upgrade.

During the period of hire you do not own the vehicle at any point, you pay fixed monthly ‘rentals’ and if your company is VAT registered you can reclaim portions of the VAT back (more below). The fixed monthly payments are based on your chosen vehicle, your total mileage over the lease and the end value of the vehicle (Residual Value). The difference between the cost of the vehicle new and the residual value is what you will pay over the term of hire.

At the end of the contract the vehicle is simply collected and you can either choose a new one or just walk away.

Key points of Contract Hire / Leasing

  • Contract lengths range from 12 to 60 months
  • Allows for accurate budgeting over the term of hire
  • For some VAT registered businesses 50% of the finance rental VAT and 100% of the Maintenance Rental VAT is reclaimable for cars. For some vans 100% VAT can be recovered from maintenance and Finance Rental. In both cases ask your accountant if this applies to you
  • The costs of maintenance, servicing and tyres over the period can be added on to your contract hire rentals
  • Road Fund Licence is covered for the duration of the contract of hire
  • Your vehicle is delivered to you and then collected from you at the end of the contract
  • Appears off Balance Sheet

Things to consider with Contract Hire / Leasing

  • If you go over your contracted mileage you will be faced with charges
  • Vehicles handed back with damage will incur a charge for repairs
  • You do not own the vehicle for the duration of the contract

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Speak to one
of the team

If you’re looking to discuss your vehicle leasing further, speak to one of our specialist advisors today!

Call us free on 08000 321 433

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