What is Leasing?

Car leasing explained

Business Leasing (BCH)

Business Leasing is a cost effective, fixed cost, fixed term rental agreement for Businesses. All lease agreements include road fund licence for the duration of the agreement. There is the additional option of being able to add a full maintenance contract, and a relief vehicle.

Business Car LeaseIt is possible to contract hire a vehicle from 24 months up to 60 month, with annual mileage as low as 5000MPA, with a maximum mileage at the end of the contract of no more than 150000 for diesel vehicles.

The Lease Company purchase the vehicle, at the best possible discount we can negotiate from the car manufacturer or dealer, and hires it to the business for a fixed rental. At the end of the contract the vehicle is returned to the lease company for disposal. The business has no further involvement, or responsibility provided the car is returned in good condition.

All rentals attract VAT at the prevailing rate, and subject to your current VAT status you may be able to claim 50% of the VAT back for cars, and up to 100% of the VAT back for light commercial vehicles.

A lease agreement can be designed to suit your businesses budget, and your vehicle usage. At the outset we will agree an initial rental as little as 1 rental in advance with alternative initial rentals of 3, 6, 9 or 12 rentals in advance. The larger the initial rental, the lower your monthly ongoing costs. Please note that all initial rentals are collected by the leasing company by direct debit 7-10 days after vehicle delivery.

We will agree an annual mileage at the outset, and subject to leasing company terms and conditions it may be possible to change the annual mileage at certain points during the contract. Our quotes will have an excess mileage stated on them, for example, if the excess mileage is £0.06 and you go over by 1000 miles it will only cost £60.

All vehicles supplied are New (or Pre-Registered), and will come with the balance of manufacturers warranty.

Advantages of Business Car Leasing

  • Fixed cost Motoring
  • ‘Off’ Balance Sheet Funding
  • Available to all Business types, Sole Trader, Small Partnerships, Large Partnerships, Limited Companies and PLC’s
  • Tax relief for your business (please refer to your accountant)
  • No worries about disposal at the end of the contract (subject to BVRLA Fair Wear and Tear Guide)

Disadvantages of Business Car Leasing

  • There is no ability for the business to purchase the vehicle
  • All rentals attract VAT
  • Early Settlement. There is no prescribed formula for early settlement, and each leasing company operate independently
  • Potential de-hire charges

Personal Leasing (PCH)

Personal Leasing (PCH) is a cost effective way for consumers to use a motor vehicle for set period of time. All lease agreements include road fund licence for the duration of the agreement. There is the additional option of being able to add a full maintenance contract, and a relief vehicle.

Personal Car Leasing Vehicle ConsultingIt is possible to lease a vehicle from 24 months up to 60 month, with annual mileage as low as 5000MPA, with a maximum mileage at the end of the contract of no more than 150000 for diesel vehicles.

The Lease Company purchase the vehicle, at the best possible discount we can negotiate from the car manufacturer or dealer, and hires it to the consumer for a fixed rental. At the end of the contract the vehicle is returned to the lease company for disposal. The consumer has no further involvement, or responsibility provided the car is returned in good condition.

All rentals attract VAT at the prevailing rate, and all official quotations sent will be quoted inclusive of VAT.

A personal lease agreement can be designed to suit your budget, and your vehicle use. At the outset we will agree an initial rental as little as 1 rental in advance with alternative initial rentals of 3, 6, 9 or 12 rentals. The larger the initial rental, the lower your monthly ongoing costs. Please note that all initial rentals are collected by the leasing company by direct debit 7-10 days after vehicle delivery (subject to all paperwork being processed).

We will agree an annual mileage at the outset. Our quotes will have an excess mileage stated on them, for example, if the excess mileage is £0.06 and you go over by 1000 miles it will only cost £60.

All vehicles supplied are New (or Pre-Registered), and will come with the balance of manufacturers warranty.

Advantages of Personal Car Leasing

  • It may be possible to obtain a higher value product for your budget
  • Fixed cost Motoring
  • Available to all customer types subject to finance approval
  • No worries about disposal at the end of the contract (subject to BVRLA Fair Wear and Tear Guide)

Advantages of Personal Car Leasing

  •  There is no ability to purchase the vehicle
  • All rentals attract VAT
  • Early Settlement. There is no prescribed formula for early settlement, and each leasing company operate independently
  • Potential de-hire charges

Van Leasing - From Pick-up Trucks to Electric Vans

Vehicle Consulting possesses over 15 years of experience in commercial vehicle leasing for business users throughout the UK, ranging from sole traders such as plumbers, builders and electricians to contractors, SMEs and larger business vehicle fleets. Whether your company is a one-man band or a multi-national business, we can offer you the most cost-effective vehicle and fleet solutions to meet your budget.

Van Lease Vehicle Consulting LeicesterOur on-line fleet organiser is a useful tool for any fleet manager – it allows you to track mileage, user details and service due dates for all your vehicles at the click of a button – 24 hours a day, from any location.

Our Account Managers will be to happy to assist you with any special requirements you may have, be it a lease or a purchase on a panel van, pick-up truck or chassis cab. Popular commercial vehicles leased by our clients include the Ford Transit van, Mitsubishi L200 Warrior pickup truck and the Mercedes Sprinter. We can even provide advice on businesses considering replacing some of all of their fleet vehicles with electric vans such as the Renault Kangoo Z.E and Nissan e-NV200, which can result in considerable fuel savings, not to mention being more environmentally friendly.

For a customised quote, please click the banner at the bottom of this page and a member of staff will begin the process in finding the right vehicle for you.

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