In essence, your business gets the use of a vehicle(s) by paying a rental fee each month. The size of the rental depends on a number of factors.
Even though you can never own the vehicle, at the end of the contracted term the lessee has to make a payment to cover the residual value left in the vehicle.In practice, the vehicle is normally sold and any excess from the proceeds of the sale are reimbursed to you, the lessee.
The finance lease companies in our panel have a range of payment options to suit almost any cash flow situation. Lower the monthly rentals with a larger balloon payment at contract's end, or pay the entire cost in monthly rentals (fully amortised Finance Lease), in this case it may be possible to continue the leasing arrangement with a "secondary rental" (referred to as a peppercorn rental).
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
T: 08000 199405
F: 01524 781417
Lakeland Vehicle Solutions
Clawthorpe Business Centre
Burton in Kendal
Lakeland Vehicle Solutions are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 712728
Registered in England & Wales with company number : 07433876 | Data Protection No : Z7212672 | VAT No : 856992853
Registered Office : Lakeland Vehicle Solutions Ltd, c/o Meiring CCA, Unit 1 Strands Barn, Strands Farm Lane, Hornby
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