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Toyota Finance Leasing
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Finance Leasing is suitable for both VAT registered companies and non VAT registered companies, it offers a cost effective agreement with low monthly payments for easy budgeting.
Benefits of Finance Leasing
- Low cost initial payments.
- Affordable fixed monthly payments to make budgeting easier.
- The vehicle is treated as an asset on a balance sheet meaning tax allowances can be deducted from taxable profit.
- Monthly payments are not subject to VAT, making it a beneficial solution for non VAT registered businesses.
- VAT registered companies can claim 50% of the VAT.
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Finance Leases Available
We offer two different types of Finance Leases options:
- Full Payment Lease
- Balloon Lease
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Full Payment Lease
With Full Payment Lease you will spread the cost of the vehicle over your agreed length of time. At the end of the agreement, you must sell the vehicle to a third party. You then receive a proportion of the sale proceeds as determined at the start of the agreement.
Alternatively, at the end of the period the agreement can continue into a secondary period where you pay a nominal secondary rental called 'peppercorn' rental.
Please note, if there is any shortfall, you will be responsible for covering the shortfall amount.
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Balloon Lease
A Balloon Lease is when you offset an amount to the end of the agreement to lower the monthly payments. At the end of the agreement you sell the vehicle to a third party and keep any proceeds of the sale over the amount of the balloon.
Please note, if there is any shortfall, you will be responsible for covering the shortfall amount.
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For more information on our finance options or to request a personalised quote, please contact your local SLM Toyota dealership today, or find out more below about alternative finance options.
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Meet the Leasing Team
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Joanne Rutledge Business Centre Manager
Norwich Toyota
