Car Leasing

BMW 320 TDs Business Leasing: £299 per month Personal Leasing: £359 per month Enquire about this vehicle »

Citroen Berlingo 1.9TD Business Leasing: £125 per month Finance Lease £1000 deposit, final rental of £2483. Enquire about this vehicle »

VW Golf Plus 2.0 TDi Business Leasing: £199 per month Personal Leasing: £229 per month Enquire about this vehicle »

BMW 118 D ES Business Leasing: £245 per month Personal Leasing: £285 per month Enquire about this vehicle »

Your Requirements	Contract Hire	Contract Purchase	Hire / Lease Purchase	Finance Lease	Personal Leasing	Outright Purchase
Finance/Taxation Issues
Accurate monthly budgeting
Improved cash flow
Minimum capital expenditure
Fixed interest rate						N/A
Capital allowances available					N/A
Rental allowable against taxable income					N/A
Ownership of vehicle +		++			++
VAT chargeable on rentals
VAT recoverable on monthly rentals	*			*
VAT recoverable on purchase cost by finance company and passed on to customer in lower rentals
No depreciation risks
Vehicle running requirements
No vehicle disposal problems
Reduced administration
On-going advice/support
Road fund licence provided ++					++
Replacement vehicle in case of breakdown ++
Fixed charge maintenance ++
VAT chargeable on services
VAT recoverable on services					N/A
+ At end of contract with financing products ++ Optional * Only 50% of the VAT relating to the finance element is recoverable if private use or 100% if only business use. 100% of the service element VAT is recoverable if business use.

Finance Options

Whether you require a car or light commercial, new or used we recognize that no two businesses are the same and each will have different vehicle leasing and management needs. So we offer a variety of solutions in order to give you complete flexibility, control and cost efficiency. Below is a summary of the funding options we offer.

Considering Leasing For The First Time?

Most sole traders and businesses know that the vast majority of companies fund their vehicles through leasing and contract hire schemes and recognise the fact that there must be benefits for these schemes to be so popular. However, they feel that perhaps these benefits are not applicable to them and sometimes find it difficult to ‘wind their way’ through a lot of finance industry jargon. This confuses the issue and makes people think that they are safer in staying with what they know.

Contract Hire

Contract Hire is a popular choice for VAT registered companies that want minimum outlay and maximum control of costs, especially when the maintenance and relief vehicle options are included.

With this VAT beneficial financing package, one regular rental payment covers all risks including costs of depreciation and disposal for an agreed period of time and mileage. Road fund licence is included, but roadside rescue, maintenance and relief vehicle provision are options that can be added and charged to the rental payment

Finance Lease

Ideal for VAT registered companies who want to handle the administration of their vehicles, and have the asset shown on their balance sheet.

A VAT beneficial finance option where the hirer can choose to pay the entire cost over an agreed lease period, plus an interest charge, or pay lower monthly rentals during the lease period with final payment based on the anticipated resale value of the vehicle.

Contract Purchase

For companies with high value cars who would like the option to purchase the vehicles, but don't want any depreciation risks.

The customer acquires the vehicle by paying fixed monthly installments with the asset being shown on the company balance sheet, and can either retain ownership at the end of the contract or hand the vehicle back. Contract purchase has the added benefits of savings on maintenance and relief vehicles, and comes with full rescue breakdown cover and road fund licence.

Lease Purchase

For non-VAT registered companies that want eventual ownership of the vehicle.

A funding agreement where the company acquires ownership when all the payments, including the option to purchase have been made. Part of the capital cost of the vehicle payment may be deferred into a "balloon" payment at the end of the agreement which equates to the anticipated value at the end of the agreed leasing period.

Drivewise - Personal Leasing

For private individuals who want a hassle-free and cost effective way to finance and maintain a vehicle.

Consultation and assessment of your requirements may reveal that Drivewise personal leasing is the ideal vehicle financing solution for your business and personal needs. Drivewise allows you to enjoy significant tax advantages, a choice of new or used vehicles every two or three years for a fixed monthly charge that is easy to budget for, as well as an all-inclusive maintenance and breakdown package.