• Finance Lease

  • Under a finance lease, vehicles are purchased by the lessor on behalf of the lessee, or business.

    The business pays monthly instalments, or rental payments, that go towards the car. Once the term of the lease is up, the lessee pays out the residual value.

    The benefits of this type of lease might be the low deposit terms, and that some of these leases do not require any deposit.

    Payments are sometimes completely tax deductible, but this depends on the tax status and circumstances of your business.

    Your business will have the option to purchase the car at the end of the lease, and this may be an incentive to choose this style of leasing over another.

    What is a Finance Lease

  • Under a financial lease, vehicles are purchased by the lessor on behalf of the lessee, or business.

    The business pays monthly installments, or rental payments, that go towards the car. Once the term of the lease is up, the lessee can purchase the vehicle or vehicles with a final installment or trade in the vehicle for a new one, re-finance the residual and continue to lease that particular model.

    The benefits of this type of lease are the low deposit terms, and that some of these leases do not require any deposit.

    Payments are sometimes completely tax deductible, but this depends on the tax status and circumstances of the business.

    The business has the option to purchase the car at the end of the lease, which may be an incentive to choose this style of leasing over another.

    Benefits of finance leases

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