Finance lease or flexible lease

Choose the option that suits your business

How it works

Choose finance lease or flexible lease

  • Contract terms of minimum 24 months - maximum 60 months
  • Fixed monthly rentals
  • VAT reclaim option of 50% valid for business or private use
  • VAT reclaim of 100% for business only
  • Optional fleet management or routine servicing and maintenance add-ons

Eligibility

  • Businesses must have been trading for a minimum of two years
  • Subject to status, application and necessary credit acceptance
  • Available only to cars, vans, flatbed trucks up to 3.5 tonnes and 4x4/SUV requirements. 
  • We are unable to assist with HGVs, agriculture machinery/vehicles, motorbikes, camper vans, couriers, driving schools, chauffeurs, or hire and reward
  • Maximum mileages are based on vehicle model and type of fuel
  • Commercial vehicles up to 3.5 tonnes and all fleet sizes
 

Finance or flexible lease FAQs

Go to FAQs
 

More lease information

  • The customer retains the risk of the resale of the vehicle at the end of the contract
  • There are potential VAT reclaim benefits where customer’s status allows

Applicable to Finance Lease

  • At contract end, we estimate a resale value based on the chosen vehicle, term and mileage. All sales proceeds, less fees, are used to settle the estimated resale value, which may result in surplus or deficit payments

Applicable to Flexible Lease

  • The whole cost of the vehicle is depreciated over the contract term, providing a fully repaid alternative to a Finance Lease. At the end of the contract, all sales proceeds, less fees, are returned to the customer
  • Because the cost is fully repaid over the contract duration, Flexible Lease monthly repayments will be higher than Finance Lease
  • Can include management services such as maintenance, breakdown cover and replacement vehicles; the charge for these is also linked to the vehicle mileage and contract duration
  • You can choose to continue using the vehicle at the end of the primary term for a nominal annual fee; act as our agent during the disposal to a third party; or we can collect the vehicles and arrange for disposal
 

Finance or flexible lease

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