Business Leasing Explained

Last Updated: 1st May 2018
Business Leasing Explained

10th February 2016

Business car leasing is the perfect option if you’re struggling to afford a car upfront for work purposes. Having a nice car which you can drive without any financial worries, is always a plus point for those either commuting or promoting their business, in order to keep up the appearance of the company. Leasing a business car is simple and easily available, even with bad credit. Business leasing options include:

Contract Hire

This is an option that is similar to PCH (Personal Contract Hire) and allows you to pay fixed amounts each month over a certain period of time, which makes everything that whole lot easier. Once you’ve paid your last payment, you return the car to the company and it’s as simple as that.

Finance Lease

If you’re a VAT-registered company, then this is the ideal option, as it gives companies the chance to handle the administration of their vehicles and have the asset shown on their balance sheet. Fixed monthly costs are included, but flexible contracts are available with ownership at the end of the contract.

Contract Purchase

Fancy eventually owning a high-end car? A contract purchase gives you the opportunity and choice to eventually own the car you’ve been leasing. The biggest perk of this option is that depreciation is not a risk if you choose to hand the car back.

Lease Purchase

With a lease purchase, you still stick to paying the fixed amounts monthly, but you also get to own the car at the end of the contract. A Balloon Payment is required towards the end of the contract.

Best Car Leasing Deals

Nissan Micra Hatchback Visia 5dr

If you’re looking for the perfect casual business lease car, the Micra does it best. From only £97.69 per month, you’ll be grabbing yourself a bargain as well as looking professional and modern for 36 months. Its 1.2 litre engine is able to reach 62mph in 13.7 seconds and the car offers a smooth and comfortable drive for those long distance business trips.

Ford Ka Hatchback Edge 3dr

Finding the perfect business lease car in the city is always the hardest task, especially with the lack of parking spaces. Which makes the Ford Ka the ultimate saviour because of its small size and smart exterior, which makes parking no problem for those business meetings in the city. As well as being handy, you’d only be paying from £98.97 per month for this little number.

Audi A1 Hatchback TFSI Sport 3dr

This is perfect for if you’re after something a little classier in order to give your business a sleek and modern impression. For only £173.36 per month, you could be commuting to and from work in a fancy Audi that features 4 seats, 3 doors and a highly sophisticated look.

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