At the Car Leasing centre we can also offer our customers Finance Lease. Finance Lease is an on balance sheet car leasing option. VAT recoverable, and suited to those who wish to take the risk of ownership as the hirer is responsible for the balloon payment. The final payment is not an option and must be paid!
FEATURES
A Finance Lease provides an additional line of credit enabling you to acquire your new vehicle without tying up working capital, Rentals are spread evenly over a contract period so that costs incurred are in line with vehicle usage.
Choose any make and model of new car or commercial vehicle and we will purchase it on your behalf, Once you have decided on your preferred Lease Term and the Residual Value (i.e., value at the end of that term) is agreed upon, the rental is then paid at a frequency which suits you, On expiry of the contract, the vehicle is sold, or the Lease can be extended into a secondary period.
If the vehicle is sold, all sale proceeds pass directly to us and are set off against the residual value, If the sale proceeds exceed 98% of the forecast residual value then you will be charged with the balance outstanding. To extend the Lease a new term and residual value will be agreed and a new, usually lower, rental would be payable.