Business Finance Lease
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?
- Low initial outlay and monthly lease payment.
- A variety of payment options.
- Claim up to 50% of the VAT paid on your finance lease, and hire rental tax allowances can be applied for.
- Your finance lease vehicle is an asset that can be included on your balance sheet.
- At the end of the term the vehicle is sold to a third party (by the finance company), any proceeds above the pre-determined balloon payment will then be refunded to you as the hirer.
- There are two types of finance lease – balloon lease, and full payout lease – both of which can result in either a peppercorn rental once the original finance lease has been completed, or the sale of the vehicle to a third party.
Finance Lease - Be Aware of
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.
Company Information
© 2021 The JCB Group
Reg Office: Bailey Drive, Gillingham Business Park, Gillingham, Kent, ME8 0PZ
Reg. Company Number: 3597175
VAT Reg. No. GB 703 0471 81
Financial Disclosure
The JCB Group are authorised and regulated by the Financial Conduct Authority for consumer credit activities FRN: 684394 and are an appointed representative of Autoprotect (MBI) Ltd for Insurance distribution FRN: 312143.
The JCB group are a credit intermediary meaning are a Credit Broker not a Lender and can introduce you to a carefully selected number of lenders. We typically receive a fixed commission calculated by reference to the vehicle model or amount you borrow, for introducing you to a lender but this does not affect the interest charged on the agreement, all of which are set by the lender.
We Subscribe to the Motor Industry Code of Practice. The Motor Ombudsman Ltd act as an arbitrator in any unresolved consumer disputes. The Motor Ombudsman Ltd are a Chartered Trading Standards Institute Approved (CTSI) Alternative Dispute Resolution Provider.www.themotorombudsman.org.
The JCB group are a credit intermediary meaning are a Credit Broker not a Lender and can introduce you to a carefully selected number of lenders. We typically receive a fixed commission calculated by reference to the vehicle model or amount you borrow, for introducing you to a lender but this does not affect the interest charged on the agreement, all of which are set by the lender.
We Subscribe to the Motor Industry Code of Practice. The Motor Ombudsman Ltd act as an arbitrator in any unresolved consumer disputes. The Motor Ombudsman Ltd are a Chartered Trading Standards Institute Approved (CTSI) Alternative Dispute Resolution Provider.www.themotorombudsman.org.