Car Leasing Companies and Contract Hire Companies in the UK

Business Car Leasing / Company Car Finance Lease

Business Car Leasing or Company Car Finance Lease is a product which provides the finance funding only. However, the company is never entitled to purchase the vehicle - it must be sold to an unconnected third party when you have finished with the vehicle.

As a business customer on a company car lease contract, you will bear the risk of any financial settlement (if any) from the vehicle value at the end of the contract. The optional final rental owed on the agreement will be stated on your finance lease contract agreement. Many customers manage this risk by requesting a 'Balloon' rental payment that is less than the predicted Residual Value, creating a 'safety' margin incase of changes in your circumstances over the contract period.

You also may have the option to keep the vehicle for a further period of time by paying a annual “Peppercorn Rental” usually equal to about two monthly payments (contact your broker or finance provider). Always be aware that if a final payment has been included within your contract you are still responsible for settling this amount.

If you are considering changing your vehicle for your business, your next step is to contact one of our advertising car leasing companies to let them know how you might like to proceed. Alternatively, click on any advert and hyperlink to your chosen supplier click “QUOTE ME” for a quotation or telephone for further information.

Also see Business Contract Purchase