The monthly rental is determined by the cost of the vehicle, the duration required and the estimated residual value of the vehicle, which is based on the expected annual mileage.
A Finance Lease will allow you to use the money that would have been used to pay for the vehicle, elsewhere in your business and improve cash flow It allows for accurate budgeting with fixed interest payments The rentals paid are allowable against tax to the revenues defined limits VAT is charged on the rental and can be claimed if it relates to a van but not a car The choice of vehicle and options in the contract are flexible Separate maintenance packages are available If maintenance is included, financial responsibility for the up-keep of the vehicle passes to the service provider Low initial payment The vehicle will be shown on your company’s balance sheet and capital allowances can be claimed.