Vehicle Leasing for Business

Limited companies, partnerships and eligible sole traders may be able to lease vehicles for business use, subject to the funder's eligibility criteria and credit checks.

Absolutely. Whether you're a sole trader, a growing SME or managing a larger fleet, business leasing can help you get the vehicles you need without buying them outright.

It depends on the vehicle, contract length, annual mileage and initial rental. Choose the right combination for your business budget, then pay an agreed monthly amount over the contract term.

Your initial rental is usually expressed as a multiple of the monthly rental, such as three, six or nine months. The amount depends on the agreement and the deal available.

Yes. You can explore options for anything from a single company car to multiple cars and vans for your team. The right setup depends on your vehicle requirements and the funder's terms.

Not always. Some agreements include a maintenance package for an additional cost, while others leave servicing, tyres and routine maintenance to your business. Check what's included before signing.

It depends on the vehicle and how it's used. VAT-registered businesses can generally reclaim 50% of the VAT on car lease rentals where there is private use, with different rules potentially applying to business-only use and commercial vans. Speak to your accountant about your circumstances.

You normally return the vehicle in line with the agreement's mileage, condition and return requirements. You can then look at leasing another vehicle, subject to a new agreement and approval.

Early termination may be possible, but charges can be significant and depend on the contract. It's worth checking the terms carefully before committing - business plans change, but lease agreements don't always change with them.