An alternative business vehicle finance option to contract hire, the finance lease offers a little more flexibility. You lease the vehicle from the finance company but the vehicle is your company asset. A finance lease is available to partnerships, sole traders and VAT registered businesses. Many businesses prefer the finance lease option since they can benefit from deferred payments that enable lower monthly fees, with a balloon payment at the end of the contract.
What are the benefits of a finance lease for your company car fleet?
Ownership of the vehicle is with the finance company throughout the entire finance lease term. They will be responsible for administration of the vehicle so expect to pay various administration and documentation fees.
For more information
regarding a Business Finance Lease, please call us on 01233 220277,
visit us at JCB Business & Fleet, The Parade, Orbital Park, Ashford,
Kent TN24 0HT, or make an enquiry so that we can get back to you.