Leasing company vehicles is an attractive option for many reasons, and it makes a lot of financial sense as monthly payments are fixed and low.
At LeaseCar, we offer a huge range of cars and other vehicles available for businesses to lease, giving drivers plenty to choose from. If you need vehicles for your business, leasing is an extremely good option to consider.
The vehicle you drive makes a big impression on your customers and others who you do business with. With professional image playing a big part in building customer loyalty and your reputation, it’s game changing to drive a good car - a vehicle that tells people who you are and what values you hold.
As well as creating that ‘all-important’ impression, business car leasing enables you to drive safer cars that offer improved performance, reliability and efficiency.
Improved efficiency means less money spent at the pumps or the charge points if you decide to go down the electric or hybrid company car route. A reliable car means you won’t let people down due to unforeseen mechanical issues, and improved performance enables you to enjoy every journey.
Choosing to lease also eliminates the worry about big upfront payments or depreciation costs, leaving your capital free to work for you in other areas.
At LeaseCar, businesses can find affordable Business Contract Hire agreements that help to cut costs - get in touch to learn more!
Every business is unique and every business driver has different needs. New Business Contract Hire deals offer a way to get behind the wheel of the perfect car for you and your business.
Whether you need a nippy, fuel-efficient city car, a roomy motorway machine, a van or a show-stopping supercar, leasing opens the door to thousands of choices. At LeaseCar, we’re always on hand to offer you advice about what type of car or model could be your perfect drive if you’d like some help.
Before you decide what vehicle is your best match, we recommend that you make sure you’ve got a firm idea of your needs.
Before choosing your vehicle, ask yourself:
It’s important to choose a car that suits your career, your lifestyle, your needs and your budget, but the ‘feel good factor’ should be considered too!
If you enjoy travelling, you’re less likely to turn up to the workplace stressed and out of sorts. On the flip side, enduring a daily driving experience that you don’t enjoy isn’t conducive to optimal work performance - so it’s important to make travelling a comfortable part of your day that you look forward to.
When people discuss business car lease deals, they’re usually talking about Business Contract Hire. Other types of lease agreements are:
Business Contract Purchase has higher monthly payments than Business Contract Hire, but gives you the option of making a final balloon payment to purchase the vehicle at the end of the agreement. Hire Purchase may be cheaper than Business Contract Purchase over the duration of the full agreement as you pay off the amount borrowed more quickly, but your monthly payments are usually higher.
Both Business Contract Purchase and Hire Purchase agreements have considerable upfront costs. Business Contract Hire usually has lower monthly payments than either and doesn’t require an upfront deposit.
Let’s take a look at some of the other perks of BCH:
With business car leasing, you will sign an agreement to rent a car for between 2 and 4 years. You can customise your plan to suit your needs with a range of options, including servicing and mechanical maintenance, projected mileage and more.
At LeaseCar, we spend time with our business customers to find out exactly what type of leasing options will be right for them. This means that you get to drive away in the perfect car with a lease that’s tailored to you and your business.
Static Monthly Rentals
Business Contract Hire agreements offer monthly payment options to suit your budget - you decide what your budget can afford and we’ll match you with the right deal.
Your monthly rentals will remain the same over the entire term of your lease. This means that you don’t have to worry about any surprises or unforeseen motoring expenses.
Projecting your mileage is important when you’re leasing a car for business. It means that we can get you a deal that minimises the chances of any excess mileage charges.
That doesn’t mean that you can’t change your agreement terms if your mileage changes. Business Contract Hire is flexible and can grow with you and your business. You can change your agreement without incurring any penalties.
Savings on Tax
Company cars attract tax due to being treated as a Benefit-in-Kind (BiK) and are subject to a variety of percentage rates. These rates are determined by your salary, the car's list price and the car’s individual BiK rate, which is based on its official carbon dioxide (CO2) emissions.
Driving a new car means that you’re driving a more efficient car that’s kinder to the environment and attracts a more favourable BiK rate.
For more information about company car tax, read ‘The Company Car Tax Guide 2022/2023', published by AutoExpress.
You can also offset your monthly lease payments against your taxable profits. The amount you can offset depends on how much CO2 your car produces. For example: The full net monthly payment can be offset for a car that emits CO2 emissions of 110g/km or less. 85% of the net monthly payment can be offset if a car's CO2 emissions exceed 110g/km.
If your business is VAT registered and you’re using your vehicle only for business use, you can claim back50% of the VAT you pay on your rental, and 100% of the VAT on any maintenance. What’s more, this includes the costs involved for any additional maintenance options or add-ons to your lease agreement.
If you're using the car partly for private use, you can still reclaim at least 50% of the VAT. Make sure you check with your accountant or tax consultant.
Once you reach the end of your business leasing agreement, you just hand the car back to us. It’s as simple as that.
You can then choose a brand-new vehicle from our huge range.
One of the best things about leasing is that you never have to drive a car that’s more than 2-4 years old. That means no waiting around to enjoy all the latest tech, improvements in safety and better performance.
When it comes to choosing a company car or fleet of vehicles for your business, there is no one better than LeaseCar to choose from.
We have over 25 years of experience and are proud to have secured the reputation of being the oldest, most trusted car leasing provider in the UK.
Here’s how we work and why businesses lease with us:
Before starting any business lease contract, you will need to undergo a credit check that looks into your accounts and also your business director’s details if you’re a limited company.
New businesses are often able to lease a business car as long as they can afford the monthly payments and have a reasonable trading history.
In fact, business car leasing is a great way forward for many start-ups. This is because the business gets new cars without the worry of investing precious money in depreciating assets.
Most businesses need to keep money in the pot, especially when they’re new or starting to expand. Business car leasing means eliminating the worry about overspending capital.
At LeaseCar, we have a huge range of cars that business drivers can choose from. Whatever you need, we have the answer just waiting to be driven away.
Browse through the cars we offer and make sure you check out our special offers and manager’s deals.
Leasing a business vehicle means entering into a long-term relationship with the lease provider, so it’s important to choose a well-established company that you trust.
We’ve been in the car leasing industry since 1998. This means that we have plenty of experience under our belt when it comes to securing our customers the best Business Contract Hire deals available.
Our reputation is built on years of providing excellent customer service. We’ll take the time to discuss your driving needs so we can make recommendations based on our extensive, up-to-date knowledge of both the vehicle and leasing markets.
We do our best for every customer and we wouldn’t have it any other way. That’s why we pledge ‘Safe Hands’ promises to every customer.
If you’d like some advice about leasing a new vehicle for your business, contact us today.