Business Car Leasing Explained

Business lease vehicles are a vital part to a company's day to day success. Whatever your business needs, we can source large fleets as well as individual lease cars or vans. Business Contract Hire offers most of the benefits of owning a car, but without many of the hassles normally associated with it.

How it works?

The Business will never own the vehicle, this will always be owned by the lease provider and as it never appears on your balance sheet, it remains a business expense. Once you have chosen the vehicle you would like, we agree up front the mileage you will need on an annual basis and how long you would like the contract for. We deliver your new car to your door and you pay one initial rental followed by a fixed amount every month. These payments go on for your contract period and at the end of your lease agreement we collect your car and you're free to choose another vehicle.

Whats included?

As well as your brand-new vehicle, also included in the lease is the manufacturer's warranty, road tax for the complete term, and for a little more a month you can include the option of full maintenance, which will cover routine maintenance and servicing costs.

Pros of Business Leasing

• Lower monthly payments compared with buying.
• Minimal hassle, with the opportunity to drive away without thinking about reselling or warranties.
• Fixed monthly rentals for the contract period.
• It is available with an optional monthly maintenance charge (which covers routine maintenance and servicing costs).
• If you are a VAT registered company, you will be able to claim back up to 50% of VAT.
• You are always driving around in the latest model vehicle.

Cons of Business Leasing

• You won't be able to buy the car once your plan ends.
• Comprehensive car insurance isn't covered by your contract, so you'll need to arrange this separately.
• A rough mileage estimate will need to be agreed at the start, and you may have to pay extra if you surpass this limit.
• If you want to own the car at the end, car finance deals are the more affordable path to take. As with private car leasing, you'll be required to make a number of monthly payments over a pre-agreed period, but with a finance deal you'll have the chance to buy the car outright once your full term is complete.

Why choose Leaseline?

Leaseline provides a fast, friendly and professional service, with over 35 years experience within the industry. We only deal with major finance companies and ensure there are no hidden extras. We will guarantee you the best car lease deals, with all manufacturer and finance discounts passed on to you.