Dews Motor Group Ltd

LEASING

Initial payments are low, usually only three months rental in advance and a wide range of tailor made plans are available. At the end of the lease period the vehicle is disposed of by the leasing company and you will be refunded with most, if not all of the sale proceeds. This refund provides an excellent opportunity to fund the deposit for a replacement vehicle. Other lease options include balloon leases where a final payment is made which usually recoverable from the sale of the vehicle.

For Against
  • Fixed finance costs help planning ahead
  • Initial payment requirements are low
  • A new ‘credit line’, for you and your business
  • There are tax advantages – you can claim VAT back on rentals
  • Lease rentals are allowable against corporation tax
  • With a lease agreement you do not own the vehicle
  • Other costs must be budgeted for – servicing and repairs for example
  • You cannot purchase the vehicle directly at the end of the period
  • The residual value risk is with the user
  • Some tax allowances can be disallowed for expensive cars
Vauxhall Zafira

CONTACT US

For more information regarding Contract Hire and Fleet, please contact Geoff Newton on 0844 7705628.