What is business car leasing?
Business leasing is a vehicle agreement between a finance company and an established business. Like a personal lease, you choose a car (or more than one if you’re leasing a fleet), pay the deposit if you have one, agree on a monthly payment and drive away.
There are four main types, all of which are available for a single car or a fleet.
The business leasing and finance options are available for a single car or more than one car (fleet).
1 Business Contract Hire (BCH)
2 Business Contract Purchase (BCP)
- Return your car/cars
- Buy the car or fleet
- Part exchange for a new car or fleet
3 Hire Purchase (HP)
4 Lease Purchase (LP)
- Keep the vehicle: Make the balloon payment and the car belongs to you
- Part exchange: Trade in your car or fleet