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Leasing FAQ


Why would I lease a car rather than own a car?

Generally people lease cars to preserve their cash for other purposes than buying a motor car. Most lease companies offer leases with only 1 to 3 payments up front ( Advance rentals ).This low deposit benefit coupled with the tax advantages makes leasing an attractive option.

Does leasing a vehicle give me a tax advantage?
Depending on your individual or business circumstances, leasing a vehicle can provide a considerable tax advantage.

How flexible are lease terms?
Lease terms are normally set for either 36 or 48 months, although they can be as short as 12 months. The longer the term, the more attractive the monthly rate.

Do I get a discount off the retail price of the car?
We can negotiate a bulk discount from the car manufacturer, and this is passed on to our lease clients.

How many months in advance do I have to pay?
This can be as little as one month's payment in advance, subject to our normal credit criteria and management approval.

Can I lease a used vehicle?
Yes, but there may be limits on the term of the lease and/or the total mileage at the end of the term.

Is maintenance covered?
With an operating lease, you can choose to include maintenance or arrange it separately.

What's the difference between an operating lease and a finance lease?
The main differences are that the terms of a finance lease are flexible - the lease can be terminated early or extended, and in the case of a finance lease the residual value must be settled at the end of the lease. An operating lease tends to be less flexible, with a pre-set mileage limit, but the residual value is not the responsibility of the lessor.

What is lease back?
This is an option which allows you to release cash back into your business by leasing back existing vehicles.

If I have the money, why is making a regular monthly payment more attractive than paying cash?
Because with leasing, all your costs, including depreciation, are known. You can also avoid having cash tied up in a depreciating asset and put it to productive use.

Can you help me find a suitable vehicle to lease?
We have relationships with a number of Licensed Motor Vehicle Dealers and can source a lease vehicle which will suit your requirements. Check out our database of vehicles available for lease at in the autos section.