Your business uses the vehicle while paying a rental rather than a repayment. The monthly rental is determined by the initial cost of the vehicle (excluding VAT), the period of the finance lease and the residual value (the estimated future value of the vehicle at the end of the finance lease period once depreciation is taken into account), plus interest.
Although you never take ownership, at the end of the finance lease contract a payment equivalent to the residual value is payable. Usually this means that the vehicle is sold and a proportion of the proceeds of the sale are returned to the lessee.
Most finance lease companies will offer a number of payment options to suit your cash flow. You can lower the monthly rental with a balloon payment at the end of the contract, or you can pay the entire cost in monthly rentals (normally referred to as a fully amortised Finance Lease), in which case you may be able to extend the finance lease with a secondary rental (sometimes called a peppercorn rental).
* Vehicle images and descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer. All quotations are correct at the time of being published but are subject to change at any time without notification. We supply all makes and models of cars and vans on contract hire and leasing deals with delivery in England, Scotland, Wales and Northern Ireland - delivery charges may apply. Vehicles listed as being in stock are available subject to availability at the time of order and can be sold at any time without notice. All makes and models of cars and vans are available including but not limited to Abarth, Alfa Romeo, Alpina, Aston Martin, Audi, Bentley, BMW, Citroen, Dacia, DS, Ferrari, Fiat, Ford, Great Wall, Honda, Hyundai, Infiniti, Isuzu, Iveco, Jaguar, Jeep, Kia, Lamborghini, Land Rover, LDV, Lexus, Lotus, Maserati, Mazda, McLaren, Mercedes-Benz, MG, MINI, Mitsubishi, Morgan, Nissan, Peugeot, Porsche, Renault, Rolls Royce, SEAT, Skoda, Smart, SsangYong, Subaru, Suzuki, Tesla, Toyota, Vauxhall, Volkswagen and Volvo.
T: 0330 022 9040
Move Vehicle Leasing
55-57 Moorgate Street
Move Vehicle Leasing is a trading name of Move Vehicle Leasing Limited
Move Vehicle Leasing Limited are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Reference No : 734782
Registered in England & Wales with company number : 09729677 | Data Protection No : ZA171391 | VAT No : 235 3484 09
Registered Office : Move Vehicle Leasing Limited, Move House, 55-57 Moorgate Street, Rotherham, South Yorkshire, S60 2EY
CONTRACT HIRE - WILL THE VEHICLE BECOME YOURS? You will never own the vehicle. At the end of the agreement, arrangements will be made to collect the vehicle.
Copyright © 2019 Move Vehicle Leasing, All rights reserved.