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Business Car Leasing

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

How does business car leasing work?

Whether you’re an SME, a sole trader, a partnership or a limited company, business leasing is a long-term vehicle rental solution ideal for businesses of all sizes.

For a fixed monthly rental and low initial outlay, you can drive away in a brand-new vehicle with minimal capital expenditure. At the end of the contract, you simply return the vehicle without worrying about depreciation or disposal.

What’s more, business leasing offers significant tax advantages and removes the financial risk and administrative burden of owning your vehicle or fleet.

The advantages of business car leasing

2020 Business Motoring Award Best Personal Lease

Lease from an award-winning provider

Since 2002, Nationwide Vehicle Contracts has supported more than 28,000 businesses with their lease needs, winning a host of awards along the way including a 2020 Business Motoring Award.

This means you can rest assured that you’re dealing with an award-winning company car leasing provider, trusted for our expertise and high level of service.

Benefits of business leasing

Fixed costs
Better Cash Flow
VAT Benefits
Easy Maintenance

What is business contract hire?

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

With business contract hire, VAT registered companies can claim back up to 100% VAT for the supply of the vehicle. Contract hire also removes depreciating assets from your company’s balance sheet, and the associated risks of owning vehicles, such as vehicle disposal.

Read more about business contract hire..

What is a finance lease agreement?

Finance lease is a popular lease solution for when business contract hire isn’t a viable option. It offers flexibility and positive tax implications, making it ideal for companies who require vehicles but don’t have the funds to pay for them upfront.

With finance lease, you can 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 finance lease..

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?

Businesses trading for under two years may find it difficult to obtain vehicle finance. This is because it is difficult for the finance provider to objectively gain insight into the business and the potential lending risks involved. New businesses 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

Latest leasing deals

Popular Business Manufacturers

Business Leasing FAQs

Browse our frequently asked questions for everything you need to know about business leasing.

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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