XL Business Finance
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Finance Lease

Finance lease, finance leasing, manchester, london, liverpool

Finance lease is a VAT beneficial option; ideal for VAT registered companies who want to manage their own vehicles with asset shown on balance sheet. Business can pay full amount over agreed period plus any interest, or pay reduced monthly payments for the duration of lease with final balloon payment based on estimated residual value of vehicle. Final balloon payment is normally calculated at 80% of estimated residual value of vehicle. This normally provides some equity in the vehicle at the end of the agreement.

What are the benefits?

Agreed final residual value payments will help reduce monthly payments. Monthly payment can be tailored to meet personal requirements by varying initial deposit. i.e. The larger your deposit the smaller your monthly payment figure. If vehicle used for private mileage then 50% of VAT can be reclaimed.

Contract Hire

Hire Purchase

Lease purchase

Personal Contract Purchase

We trust that this information will be useful to you. To discuss the right package for you please contact us today