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 fill in our online quote request form and we will email you a quote back for your chosen vehicles within 24 hours. |
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 fill in a short form and we will call you back to discuss your leasing needs at a time convenient to you. |
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Funding methods
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Contract Hire (Leasing) |
Lease Purchase or |
Finance Lease |
Outright Purchase |
Contract Purchase | |
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Who owns the vehicle? |
The Finance Company |
The Finance Company until the final payment is made |
The Finance Company until the final payment is made |
The Customer |
The Finance Company until the final payment is made |
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Who carries the Residual Value risk? |
The Finance Company |
The Customer |
The Customer |
The Customer |
The Finance Company |
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Who carries the ongoing Maintenance risk? |
The Finance Company assuming a maintenance Contract is taken |
The Customer |
The Customer |
The Customer |
The Finance Company assuming a maintenance contract is taken |
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Is the vehicle on or off the balance sheet? |
Off the balance sheet |
On balance sheet |
On balance sheet |
On balance sheet |
On balance sheet |
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Typically, how much cash is required up front? |
Typically 3 of the monthly rentals in advance |
Typically 15% of purchase price |
Typically 15% of purchase price |
100% of vehicle purchase price |
Typically 3 of the monthly advance rental |
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Who arranges delivery and collection of the vehicle? |
The Finance Company |
The Customer |
The Customer |
The Customer |
The Finance Company |
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Does the customer own the vehicle at the end of the contact? |
No |
Yes |
No |
Yes |
Yes, if the final lump sum purchase payment is made |
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Can the monthly payments be offset in full against tax? NEW RULES APPLY FROM APRIL 2009 WATCH THIS PAGE FOR UPDATES OR CALL US ON 0845 258 1750 |
All of the monthly rentalsmay be offset against tax. For vehicles costing over £12000 a proportion is disallowed. In addition 100% off the maintenance payments may be fully offset |
The finance element can be offset. Capital allowances are available as per "outright purchase" |
All of the monthly rentals may be offset against tax. For vehicles costing over £12,000 a proportion is disallowed. |
There are no monthly payments. Capital Allowances can be offset against tax but are limited to 25% or the vehicle price of £3000 per annum whichever is greater |
The finance element is allowable with no rental restriction for cars over £12,000. Capital Allowances are also available. |
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Assuming some private use, what % of input VAT can be reclaimed? |
50% of the VAT on rental payments. 100% of the VAT on maintenance |
None |
50% of the VAT on rental payments. 100% of the VAT on maintenance. |
50% of the VAT on rental payments. 100% of the VAT on maintenance. |
None |