Leasing is a form of buying. You place a deposit of for example £500 to £5000 per vehicle and make monthly payments. The monthly payment can be reduced by having a "balloon" or terminal lease at the end. This is simply to reduce what you pay. The more miles you anticipate doing, the more the balloon should be reduced. From a tax point of view you get every single payment back against tax.

What happens at the end?

The vehicle must be sold at the end. To whom is up to you. Generally of our 15 plus funders,  the balloons are getting smaller and smaller for 2011 and some funders wont even allow them at all. Especially if you dont make Tier 1 finance. We work incredibly hard to ensure that a line of credit for your chosen vehicle is made available to you.   This simply means that you pay more a month but make one hell of a profit at the end. It all balances out in the end.  We forgot to mention that you keep up to 95% of sales profit at the end.

Why should I lease oppose to HP or contract hire?

Leasing is best for when you run a fleet of less that 10 vehicles, and want to make the pennies count. You are in full control. You can have vehicles or more elaborate specification. It is also easier to get the credit if you are a sole trader, non VAT registered, or a new start. You get to keep the vehicle profit. You wont get a bill at the end for excess mileage or for damage. You can terminate early if necessary. It is better to lease if you are doing a very high mileage, or if you are going for a conversion like a chassis, luton or fridge.

What do I need to lease a van?
Drivers licence both parts
Two recent utility bills dated within the last 60 days (no mobile phone bills)
A proof of signature like a debit card.
Sole traders / non VAT registered 25/ 30 finance companies are more lenient if you can supply bank statements that are in credit to prove ability to pay.
Fax to 0845 009 8268 with name written on each page.
A deposit of minimum £500. Ideally 10 - 20 % of the vehicle price generally ensures a pass.