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0345 811 9595

Monday to Friday 9am to 5.30pm

Business Car Leasing

Business leasing offers many benefits including tax advantages, the option to renew regularly, and include maintenance costs.

Benefits of business leasing

Fixed costs
Better Cash Flow
VAT Benefits
Easy Maintenance

What is business leasing?

Business leasing is a long-term rental agreement that offers the use of a car or van for a set period at a fixed monthly agreed cost. Leasing is essentially an alternative (and often cheaper) funding option to buying a new car through a bank loan or dealer finance.

Business leasing also offers positive tax implications and all our deals exclude VAT. In fact, if your business is VAT registered you could claim up to 50% of the VAT for the supply of your brand-new vehicle!

All our contracts are either business contract hire or finance lease agreements and are available in 24, 36 and 48 contract lengths.

You can read more on business leasing in our series of business leasing guides.

What is business contract hire?

Business contract hire is our most popular rental agreement for businesses and suited for sole traders, partnerships and limited companies.

You will pay the rent of the vehicle in monthly instalments and then return the vehicle at the end of the lease agreement, leaving the provider to worry about depreciation and the disposal of the car or van.

Read more on business contract hire.

What is a finance lease agreement?

When business contract hire isn’t a viable option, finance lease offers flexibility and tax advantages as well and is available to companies who require vehicles but don’t have the funds to pay for them up front.

It’s possible to opt to pay for lower monthly rentals and then a final payment based on the expected resale value of the vehicle (balloon payment).

Read more about our finance lease offering.

Will my business pass finance checks?

As part of leasing a vehicle with us, your business will need to undergo a credit check. Take our interactive questionnaire below to find out if your business is likely to be accepted or not.

What type of company are you?

How many years have you been trading for?

How many years have you been trading for?

Nationwide Vehicle Contracts Limited specialise in helping new businesses obtain finance. If your company is under 12 months old, you may be required to submit 3 months business bank statements, management accounts (if available) and a director's guarantee (ltd companies only) to support your finance application. In some cases, a larger initial rental may also be required.

Would you consider a personal finance application?

Yes

Has your company ever been declined for finance?

Has your company ever been declined for finance?

Would you be willing to provide a Directors Guarantee?

Good News!

You are likely to be eligible for business finance based on the details you provided.

What would you like to do next?

We're sorry, but you are not currently eligible for business finance

Lenders may require more detail on some of the answers you provided before you will be eligible for finance.

Please call us on 0345 811 9595 to discuss your finance options

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Got questions?

Frequently asked questions regarding our Business Leasing package.

Still have questions?

Contact one of our friendly sales advisors to find out more and we'll be in touch to help you.

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