Business Car Leasing Guide
For over 18 years, Car Leasing have been providing businesses with individual lease cars or vans as well as sourcing the best deals on fleets for larger businesses. Whether your business is looking for a small, economical city car, or a group of spacious vans, we can discuss your requirements and provide a personalised leasing solution.
Leasing vehicles for your business comes with many benefits. Primarily, it offers better value for money and stretches your budget a little further, so your business can stay up-to-date with the latest technology and can drive around in the newest vehicles.
We’ve put together a guide to help you understand business car leasing. Find out more below and get in touch with us to discuss our offers.
What are the benefits of leasing a business car?
- Low monthly rentals
There are various factors that would impact the price you pay every month for your vehicle, including contract length, initial rental and agreed annual mileage. For example, the more you pay for the initial rental, the less you will be paying per month. However, if you wanted a shorter contract term, you’d be looking to pay more per month.
- Flexible terms from 24 to 60 months
The length of time you wish to have your vehicle is up to you. Our flexibility allows you to decide if you’d like a short two-year contract, or a longer five-year contract.
- Various end of contract options
When your contract term is over, you can choose to hand the car back without any additional fees, or if you’d like to keep the car a little longer, we can arrange to extend your contract until a time that suits you.
- No hassle selling the car
If you’d like to hand the car back at the end of your contract, you don’t have to worry about the hassle of selling the vehicle. Let us do the hard work!
- VAT benefits
As a business, you can reclaim 50% of the VAT on the monthly finance rental. If you choose to include maintenance with your contract, you can also recover 100% VAT on the maintenance element.
- Over 37 makes and 240 models to choose from
From the budget friendly Vauxhall Corsa to the more luxurious Range Rover Velar we have a vehicle to suit the needs of you and your business.
What’s included with the lease deal?
- Full warranty
All of our lease deals, both personal and business come with a full manufacturer’s warranty.
- Road tax
As standard, all of our lease deals come with full road tax for the duration of the lease.
- Free delivery
Lease your car with us, and we’ll deliver your vehicle anywhere across the country for no additional cost.
- Support and guidance
During your time with us, we’ll make it our number one priority to be there for you when you need us most.
- Maintenance & service packages
Car Leasing offers comprehensive vehicle maintenance and service packages that you can add to your contract for an additional monthly fee. Packages include things such as tyres, MOT tests, breakdown and roadside assistance, vehicle maintenance and repair.
Am I eligible to lease a car for my business?
Before you jump into a leasing agreement for your business, there are certain requirements you must meet. These are as follows:
- You must be a sole trader, partnership, Ltd or PLC
- You should be able to provide bank statements and/or audited accounts
- You should be able to provide proof of address and identification of the company director
- While a good credit score is recommended, we do not immediately reject applications that have a bad credit score, you will still be considered. If you have any CCJ’s, these will go against your application.
Are there any risks to business car leasing?
- Look after the car
At the end of your contract, if the vehicle is returned with damage that goes beyond the BVRLA Fair Wear and Tear guidelines, you may be charged for rectifying the damage.
- Excess Mileage
If you exceed the agreed yearly mileage as per your contract, you will be charged an excess mileage fee. This can be anywhere between 3.0p and 25.0p per mile depending on the vehicle type and maintenance and service packages.
How do company cars effect employees?
For information on how company cars effect the employees of a business, and to understand the pros and cons businesses must weigh, read our Company Cars Vs Car Allowance article.
How do I get started?
You can view all of our latest business leasing deals by clicking here. Alternatively, you can get into contact with a friendly member of the Car Leasing team to discuss your requirements.