A lease is essentially a long-term rental agreement, offering exclusive use of a car or van for a set period at a fixed monthly price.
As a business or individual, this is probably the most cost efficient method of funding vehicles as it takes advantage of the tax and vat regulations to reduce the whole life running cost of vehicles and is supported by the buying power of the finance company, to assist in reducing the cost even further.
The greatest cost of running any new car or van is depreciation, and many new cars and vans will lose more than half their initial value after the first three years of ownership.
Leasing a car lets you avoid any unexpected costs by offering a fixed monthly payment for the term of the lease.
Unlike dealer finance or bank loans you only pay for the depreciation of the vehicle over the term rather than the full capital value.
Rather than pay large deposits you simply pay a small initial amount, usually equivalent to three monthly payments, at the start of the lease.
Then, at the end of the lease period (typically two or three years), you simply hand the car back. The job of selling the car and picking up the tab for depreciation is the responsibility of the lease company.
Move Vehicle Leasing is a trading name of Move Vehicle Leasing Limited
Move Vehicle Leasing Limited are a credit broker and not a lender, authorised and regulated by the Financial Conduct Authority. Registered 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, International House, 24 Holborn Viaduct, London, EC1A 2BN
Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only. All vehicle leases are subject to credit approval and subject to change at any time. E&OE.
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