Finance lease for business vehicles
Use the vehicle for your business and choose what happens at the end of the agreement.
About finance lease
A finance lease is a business oriented agreement where you use a vehicle in return for regular payments, with options at the end of the term that can include selling it on behalf of the lender, continuing to use it, or paying a final sum. It differs from contract hire because it can offer more flexibility at the end of the agreement. The exact end options, residual value and any fees are set by the lender and the specific contract, so they are confirmed during your enquiry rather than stated as fixed facts here.
Who might consider a finance lease?
Finance lease is generally aimed at businesses rather than individuals. It can suit companies that want use of a vehicle without buying it outright, and that value some flexibility at the end of the term.
It is often used for vans and commercial vehicles, but can apply to cars too. If your business treats vehicles as a tool rather than an asset to own, this route is worth comparing with contract hire and outright purchase.
Discuss your situationChoices at the end of the term
Depending on the lender, a finance lease can let you sell the vehicle to a third party on behalf of the lender and keep most of the proceeds, continue using it for a secondary period, or settle with a final payment. This is different from simply handing the vehicle back.
Because the end options affect the overall cost, it helps to understand them before you start. We walk through what each lender offers so you can compare fairly.
Questions worth thinking about
You do not need answers to all of these before getting in touch, but they can help shape the conversation.
Want to talk it through with Tony?
Call Tony Nolan on 07815 098217 or send an enquiry and he will come back to you.
Finance Lease questions
Discuss a finance lease
Tell us about your business and the vehicle you need. We will explain the end of term options from the lenders we work with and how they compare.
Or email kat@ask4leasing.co.uk