Business Car Leasing
It doesn't matter whether you're a sole trader, limited company, partnership, a public limited company (PLC) or self-employed, business car leasing is an option that's open to you. Contrary to popular belief, it doesn't even matter if the vehicle's intended for personal use, it can still be leased through the business. Business car leasing is easy, you find a deal you love, get in touch and we'll pretty much sort the rest from there. It really is that simple. We're here to bring you the very best business car lease deals so you don't have to spend too long hunting for the perfect vehicle.
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Business car leasing is a form of car finance that allows you to get your hands on a brand new car, regularly, without the hassle of having to sell your old one first. Generally reserved for business owners, sole traders, and limited companies, business contract hire allows you to lease a car for 24,36 or 48 months. You’ll just have to pay in fixed monthly instalments.
Once this contract is up, you can just hand back the keys and start another contract hire agreement. This means you haven’t got to worry about selling it and risking losing huge sums once the car’s value has depreciated, but you do have the option of paying a balloon payment if you want to keep your car at the end of the term.
One of the great things about business contract hire is that you can often find great business-only deals and often pay less in taxes.
If you're after a business lease with insurance head over to our car leasing with insurance page.
How does it work?
- Have a browse through our hundreds of cars that are available for business car leasing.
- Once you have decided on the car or cars that you would like to lease for your business, get in touch with us and we can discuss the specifics of the car. Business contract hire allows you to lease a car for 24, 36 or 48 months so once you have decided on this we will find the best deals for you and you will pay an initial payment followed by fixed monthly instalments.
- When your contract comes to an end, you have got the option to hand the car back, without worrying about reselling or depreciation. Then, if you would like to, you can take another new business car out and restart the lease. Alternatively, if you would like to keep the car at the end of your agreement, you have the option of making a balloon payment and keeping the car.
Business car leasing, allows you to lease a number of cars, or a fleet, for your employees and there are multiple finance options to take if you are looking to lease a fleet of cars.
Unlike personal car leasing, you are able to lease a number of cars, or a fleet, for your employees. Also, business car leasing excludes VAT from the monthly payment, meaning you can often find great business-only deals and often pay less in taxes.
There are multiple finance options to take if you are looking to lease a fleet of cars, these are:
- Contract Hire
- Finance Lease
- Outright Purchase
Learn more about these options here.
If you choose to keep your car at the end of the term, you do have the option of paying a balloon payment.
Why is Car Leasing the Best Option for My Business?
Money Saving
Business car leasing can often save you money because you are able to claim 50% VAT back, and 100% of the VAT of the maintenance agreement if you are leasing a car through a VAT registered company.
Fixed Monthly Payments
A great benefit of business car leasing is that your monthly payments will never change for the whole duration of your agreement. Once you have paid the initial payment, your fees will remain the same for the whole agreed contract, meaning you do not have to worry about increasing prices.
Car Deals to Suit All Budgets
Another benefit of business car leasing is that we have deals to suit all budgets. When you lease a car for your business, you can change the amount that you pay upfront and the length of your lease, meaning you can change how affordable a deal is for you. We also have a wide range of cars on offer for business leasing deals, and we also have some deals that are available with no deposit, so whatever your budget, we have a car to suit the needs of your business.
Car Maintenance Cover
When you lease a business car from All Car Leasing, all of our deals come with an optional maintenance package. This package allows you to wrap all of your maintenance and service costs up into one convenient monthly payment alongside your lease fees. This package will cover any general wear and tear of your vehicle, so you don’t need to worry about additional maintenance costs. Another great benefit of leasing a vehicle for business purposes is that you can claim 100% of the VAT of the maintenance agreement if you are leasing a car through a VAT-registered company.
Why Choose All Car Leasing?
You should lease a vehicle for your business through All Car Leasing because it is an extremely easy process, you just simply find a deal that you love, get in touch and we’ll pretty much sort the rest from there. With over 20 years of experience in the business car leasing industry, you are assured quality service when you choose a business car lease deal with us. In those 20 years, we have become a member of the BVRLA, and we are FCA authorised, therefore proving our quality and professionalism. We have hundreds of different options available for business lease deals, and you are assured of finding the perfect vehicle for your business at All Car Leasing.
We often get asked a number of questions about our business lease deals here at All Car Leasing®. To make sure you know everything about business car leasing, we’ve compiled the FAQs below. If you can’t find the answer you need below, just get in touch or check out our business car leasing guides or fleet leasing guides.
Frequently Asked Questions
Essentially, the main difference between business car leasing and personal car leasing is that one contract is used to get a car for the use of the business, and all documentation will go through the business, and the other contract is for personal use of a vehicle and the documentation will go directly through the individual. When it comes to business car leasing, one of the big differences is that you are able to lease a fleet of vehicles to help with the smooth running of your business. Business leasing can also save businesses money rather than personal car leasing as you are able to claim VAT back on the monthly payments if you are using the vehicles for business use.
If you own a Limited company and are looking to lease a car, or fleet of cars, for yourself or employees, then leasing through business car leasing would be highly recommended over personal car leasing. This is because it often ends up being cheaper if you are leasing through a VAT registered company. Better still, you can use the leased business car for personal reasons, too! So, we’d highly recommend checking out our business car leasing deals.
Companies that are VAT registered can claim up to 50% of the tax on the fixed monthly payments. Also, 100% of the tax on maintenance packages can also be deducted. Plus, if your car is a low emission car, such as hybrid and electric cars, the cost of leasing can be deducted from taxable profits. Learn more about company car tax on electric cars, and BiK tax, by reading our guide on the subject here.
If you are considered a sole trader, then absolutely! It doesn’t matter whether you own a giant conglomerate, or you’re a one-man-band. Business car leasing is for any business, no matter what the shape or size.
Leasing a business car if you are self-employed is similar to the personal car leasing process, such as going through a free credit check. A bonus to business car leasing is that you can use your leased business car for personal reasons, too.
To lease a car through business contract hire, you must:
- Provide details of your business, such as the name, address and registration number.
- Provide bank details, including 3 months recent bank statements.
- Qualify as:
- A public limited company (PLC)
- A Limited Liability Partnership (LLP)
- In a partnership
- A local authority
- A limited company
- A self-employed sole trader
- A charity
- A VAT registered business
- An embassy
- Provide a copy of the Directors driving licence or company accountant's details (for higher-value vehicles).
Learn more about the required documents here.
Not sure if your business is eligible for business car leasing? Feel free to give us a call at 01565 880 880.