Are there any mileage limits?

This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.

What do I need to provide to take out a Finance Lease?

This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.

What is a Finance Lease Agreement?


This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.

Why lease instead of buying a van myself?

This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.

Why choose Finance Lease over Contract Hire?

This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.

What are the disadvantages of Finance Lease?

This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.

What are the advantages of Finance Lease?

This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.

What is a Balloon Payment?

This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.

How is a Finance Lease agreement structured?

This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.