Finance lease

Suitable for VAT registered individuals and companies who wish to handle the administration of their own vehicles and have the vehicle shown as an asset on their balance sheet.

Agreements can arranged whereby the entire cost can be repaid over a set period or alternatively, leave a balloon payment at the end. This will significantly reduce the monthly rentals.

This is an ideal funding method for commercials as there is no mileage restriction or damage clause.

Benefits of Finance Lease

• Low initial deposit
• Improved cash flow
• Fixed interest rates
• 100% of VAT reclaimable on rentals
• Shown as an asset on your books
• No mileage restriction
• No damage clauses
• Up to 5 year agreements

Disadvantage of Finance Lease

Customer must pay any balloon payment at the end of the term