Vehicle finance leases
Learn about finance lease options
Under a finance lease, vehicles are purchased by the lessor on behalf of the lessee, your business. Your business pays monthly instalments, or rental payments, that go towards the car. You pay out the residual value of the vehicle at the end of the lease.
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
Want to know more about Finance Leases for your vehicles?
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