Finance Lease Options For Your Business
Are you looking for a flexible van lease package? At Vanango!, we offer a range of packages including features such as no mileage limits and no damage recharges. Benefit from a high-quality runaround for your business so your operations remain as smooth as possible.
The great thing about finance leasing is that the asset is shown on your balance sheet plus, flexible costs mean you can select an option that works best for you. Either, pay the entire van cost over the agreed lease period, plus interest charges or pay lower monthly rentals during the lease period with the addition of a final balloon payment. The balloon payment is based on the expected resale value of the van.
Finance Lease is perfect for VAT registered businesses who want to handle the administration of their vehicles, and have the asset shown on their balance sheet.
A VAT-beneficial option where the hirer can choose to pay the entire cost over the agreed lease period, plus an interest charge, or pay lower monthly rentals during the lease period with a final payment based on the anticipated resale value of the vehicle.
- Finance Lease is a method of financing a vehicle that is usually favoured for commercial vehicles and by VAT registered businesses
- The business obtains use of the vehicle by paying a rental each month
- The monthly rental is determined by the initial cost of the vehicle (excluding VAT), the period of the Finance Lease and the residual value (sometimes called the balloon payment), plus interest
- Although you never take ownership, at the end of the Finance Lease contract a Final Rental (balloon) is payable
- Usually this means that the vehicle is sold and a proportion of the proceeds of the sale are returned to the lessee
What Are the Main Features of Van Our Leasing Deals
We understand that everyone’s needs are different. Our packages are designed to make vehicle leasing as easy as possible including these top features:
- Minimum capital expenditure
- Accurate monthly budgeting
- A fixed interest rate is available on all contracts
- No damage recharge as you are responsible for disposal of the vehicle
- VAT recovery on the lease rentals (subject to 50% block)
- Corporation tax relief available against the lease rental charges
- Rentals can be offset against the businesses profits.
Choose Vanango today!