Business Finance

Business Leasing, also known as Business Contract Hire (BCH), is one of the most cost-effective and tax-efficient ways for UK Businesses, especially those that are VAT- registered, to source Toyota Cars or Vans.

How Does it work?

•  Initial Rental

The Initial Rental is the amount you pay at the start of the contract hire agreement ("agreement"). The Initial Rental equates to the amount of anywhere between 1 to 9 monthly rentals.

• Monthly Rental

Your monthly rental payments are fixed throughout your agreement, and they're determined by the size of your Initial Rental. Once you've chosen the length ("term") of your agreement and expected mileage, the rental amounts will be spread equally across the months. Optional maintenance packages, which are 100% VAT reclaimable, can be included in the monthly rental costs. Agreeing the correct expected mileage at the start of your agreement is important, because charges will be incurred if it is exceeded.

• End of Agreement

Once you've made your final monthly rental payment and your agreement has come to an end, it's time to return your vehicle to us. Upon its return, the vehicle will be assessed for wear and tear against the British Vehicle Rental & Leasing Association ("BVRLA") guidelines that will be shared with you at the start of any agreement. If any damage is noted beyond the usual wear and tear guidelines, you may be required to pay a charge. If the vehicle exceeds the pre-agreed mileage limit, you will be required to pay an excess mileage charge.

A traditional financing method that allows you to drive the vehicle of your choice and spread the payments over an agreed period, making budgeting simple.

How it works

• Choose your vehicle

All of our cars and commercial vehicles are available through hire purchase, so simply pick the vehicle that ticks all the boxes for your business.

• Decide on your deposit and term

Once you’ve chosen the vehicle you want, decide on the deposit you would like to pay and how long you want the term of the agreement to be (up to 60 months) – this will determine your fixed monthly payments.

• Keep the vehicle

Make the final monthly payment at the end of the contract and pay the option to purchase fee, and the vehicle is yours.

Leasing your commercial vehicle is a cost effective option offering useful tax advantages for VAT registered businesses. It allows you to share in the profit (or loss) made on the sale of the vehicle at the end of the agreement.

How Leasing Works

• Choose your vehicle

We have a wide range of commercial vehicles to suit your business needs and to build the perfect fleet, from the compact Proace City Electric, to the legendary Hilux.

• Set your terms

Once you have chosen your vehicle, you can set your terms. Choose your required contract length and initial deposit amount, all of which will determine your fixed monthly payments. Contact us today for support in choosing the terms to suit you.