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Finance Lease

Key Features

Able to fix monthly costs and the final payment to suit your
business needs

Excess mileage charges are not applicable at the end of the contract

Vehicle inspection for damage is not applicable at the end of
the contract

Recoverable VAT and Corporation Tax benefits*

Benefit from LeasePlan's buying power in the form of low
monthly rentals

About Finance Lease

Finance Lease is a tax efficient finance product where you pay the entire cost of the vehicle, including interest charges, over an agreed lease period.

It is a popular funding option for vehicles (often commercial vehicles) where a business customer wishes to remove the risk of end of contract damage charges or excess mileage charges.

With Finance Lease monthly rentals are fixed and can be reduced through the use of a final "balloon" payment. This balloon payment is set at the start of the contract in line with the expected value of the vehicle based upon your length of contract and mileage needs.

When taking a Finance Lease contract you take responsibility for the resale of the vehicle at the end of the contract. As this is purely a funding product and not a purchase product, you will never own the vehicle, however you do receive 98% of the resale proceeds. These proceeds are typically used by our customers to offset the final balloon payment meaning you will experience any benefit or loss from this process.

Working with a Network franchisee means you will have a highly trained expert on hand to guide you through the process of selecting the correct finance product for you. For a large number of Network customers Finance Lease is that product and our franchisees will help them to understand the relevant benefits to their business.

Additional Features

The vehicle appears off 'Balance Sheet' as it is owned by the leasing company

As we work with the world's largest fleet management company, we offer our customers the widest possible selection of vehicles, including every make of car on sale in the UK and commercial vehicles (up to 3.5 tonnes)

Road Fund Licence is provided for the first 12 months of the contract, after that Network will continue to organise the RFL for you and then recharge this.

Our most popular business leasing product, fixed monthly costs with no risk in vehicle depreciation.

For businesses wishing to purchase their vehicles without the outlay of cash associated with outright purchase.

Our most popular product for private individuals, this is for those looking to lease a vehicle
For businesses who want to make payments towards vehicle ownership, whilst retaining the option to return it.

A leasing product for business customers who wish to manage their own vehicle depreciation

A conditional purchase product for private individuals; buy the vehicle or decide to hand it back-it's your choice!