Vehicle finance leases

Benefits of a finance lease

Your business pays monthly instalments, or rental payments, that go towards the car. Once the term of the lease is up, you can:

• •
  Purchase the vehicle by paying the final instalment and balloon payment
• •
  Trade the vehicle for a new one
• •
  Refinance the residual value and continue to lease that vehicle

The benefits of this type of lease may include:

• •
  Low or no deposit terms, in some cases
• •
  Payments may be completely tax-deductible (depending on the tax status and circumstances of your business)
• •
  The option to purchase the car at the end of the lease