Running a fleet of vehicles requires careful budgeting, however large your business. The leasing options available from Chippenham Motor Company make it easier to find a finance plan that is cost effective for you.
A Finance Lease is the ideal contract for companies who want the use of a vehicle without owning it. With a Finance Lease, companies can also reclaim 50 percent of VAT and 100 percent of VAT on commercial vehicles. You can manage your own fleet and record each vehicle as an asset on your balance sheet. Within this contract, there are two ways to pay. You can either choose to make fixed payments over the agreed period, or pay lower monthly instalments and one large balloon payment at the end of the agreement. At the end of the contract, you can refinance the vehicle, pay the balloon payment and continue using the vehicle, or sell it to a third party.
With a Lease Purchase agreement, your company does have the option to own the vehicle outright at the end of the contract. The largest payments are made at the end of the agreement so you can start driving affordably. Lease Purchase agreements have fixed low monthly payments and you can deduct the interest as a business expense. You own the vehicle after the final payment, meaning that you are entitled to keep all proceeds if you decide to sell it.
To find out more about leasing fleet vehicles, please contact the fleet sales team at our dealership in Chippenham. You can get in contact by making an online enquiry or calling or visiting us directly.