Finance Lease

A Finance Lease is a flexible alternative to Contract Hire, ideal for businesses that:

• Prefer the vehicle to appear on their balance sheet
• Want to avoid end-of-contract charges
• Need greater payment flexibility
• Are looking to benefit from specific tax advantages

With a Finance Lease, you lease the vehicle for an agreed period with fixed monthly payments. At the end of the term, a final balloon payment (residual value) is due. You don’t own the vehicle, but you have more control over its use and disposal.

At the end of the agreement, your business can:

• Sell the vehicle to a third party — if it sells for more than the balloon payment, you keep up to 98% of the profits
• Pay the balloon and continue using the vehicle under a low-cost “peppercorn” rental agreement

You can also structure your lease to suit your cash flow:
• Choose a higher balloon payment for lower monthly rentals
• Or finance the full value of the vehicle for more balanced payments

✔️ Low Initial Outlay
Finance Lease requires little upfront investment, helping businesses free up capital — ideal for those moving away from vehicle ownership.

✔️ Flexible Payment Structures
Tailor your lease with upfront payments, balloon payments, or evenly spread rentals. Finance Lease also allows early settlement, with no termination penalties if the vehicle is sold for its settlement value or more.

✔️ New Vehicles with Lower Running Costs
Enjoy the latest models with full manufacturer warranty and access to optional maintenance packages — making budgeting simple and predictable.

✔️ Eco-Friendly & Tech-Ready
Drive vehicles equipped with the latest green tech, helping reduce emissions and improve fuel efficiency — all while ensuring your drivers are safe, comfortable, and compliant with duty of care obligations.

🔸 Final Balloon Payment
You won’t face excess mileage or damage charges, but these factors do impact the vehicle’s resale value. If it sells for less than the balloon, your business must cover the shortfall.

🔸 No Ownership
Although the vehicle is listed on your balance sheet, legal ownership remains with the finance provider.

🔸 Vehicle Resale
When you sell the vehicle, your business keeps 98% of the proceeds above the settlement figure.