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
 

Managing Vehicles

Are your cars performing their best? Find out more about our fleet management tools and services

See our fleet services
 

Insuring Vehicles

Do you understand the business risks associated with your vehicle fleet? Find out more about vehicle insurance

See our vehicle insurance

Want to know more?

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