Understanding Finance Lease
Finance Lease is a popular agreement used by businesses and sole traders who wish to have the vehicles show as assets on their balance sheet.
With Finance Lease, you choose to either pay the entire cost of the vehicle, including any interest charges, over an agreed lease period - Or opt to pay lower monthly rentals with a final payment based on the residual value.
At the end of the contract, the vehicle is either sold to a third party, allowing you to benefit from any available equity - or you can choose to pay the outstanding payment and operate the vehicle under a peppercorn agreement, otherwise known as a secondary rental agreement.
Find out more about our range of finance products.