Selecting the right business lease requires a strategic approach that aligns with your company's operational needs and financial goals.

Start by establishing a clear budget with your financial team. Evaluate the lease as a comprehensive business expense, carefully analyzing potential tax advantages and the long-term value of maintenance-inclusive contracts. This financial groundwork is essential for making a smart procurement decision.

Your vehicle selection should precisely reflect your business requirements. Consider the vehicle's primary purpose – whether it's for client visits, equipment transportation, or as a multi-use company asset. Critical factors like fuel type, battery range, and transmission will directly impact your operational efficiency and running costs.

Mileage planning is crucial. Select a contract that accurately matches your expected usage to avoid unexpected penalties. An ill-fitted mileage agreement can result in significant additional charges at the end of your lease term, undermining your initial cost-saving strategy.

The business leasing a car will need to arrange their own insurance for it, starting on the day the vehicle is delivered. We can provide the vehicle’s registration number to speed up and simplify this process for you.

A wide range of businesses can get a company vehicle lease, although very new companies may find it more difficult to get a quote. To learn more, please get in touch.

A business car lease, often arranged as business contract hire, is an agreement where your company rents a vehicle for a fixed term, typically four years. A monthly payment is then made throughout the term. It gives you access to a new car without the need to buy it outright or factor depreciation into your accounts. 

Business contract hire is designed for companies and offers tax advantages, like VAT reclamation. Personal contract hire (PCH) is for private individuals and doesn't include these business-specific benefits. Both let you drive a new car for a set term. 

Leasing through your business can lead to savings and easier budgeting, thanks to potential tax advantages and lower upfront costs. You can also enjoy a newer car, improved reliability and simple monthly payments with vehicle tax and delivery included. 

VAT is payable on business car leasing agreements. However, if your company is VAT-registered and the vehicle is used for business purposes, you might be able to reclaim some or all of the VAT. It's important to check your eligibility with an accountant. 

In many cases, a business car lease can be cheaper due to tax advantages and potential VAT recovery. However, costs vary by vehicle model and your company’s specific circumstances. It’s wise to review your options to find the best fit.