Personal Finance

Car leasing as oppose to purchasing is becoming an increasingly attractive option for both business users and personal users. There are different types of leasing finance products in the market place all of which can be seen below for business users. Personal user finance we will cover in another article.

Contract hire is the most popular choice for VAT registered companies wanting minimum outlay and maximum control of costs, especially when the maintenance and relief vehicle options are included.
Finance Lease is ideal for VAT registered companies wanting to handle the administration of vehicles and show the asset on their balance sheet.

Lease purchase is attractive for non-VAT registered companies this funding agreement allows the company to acquire ownership of the vehicle when all the payments (including the option to purchase) have been made.

Sale and Leaseback is for companies looking to generate capital from the sale of their vehicle and, at the same time retail their use. We recommend that you seek professional help in choosing the best financial product for your business. Many bigger businesses employ fleet managers whose jobs are to manage the entire fleet of vehicles for the company.

This can include both commercial vehicles and cars of any model, description or specification. The best place to find details of all the different vehicles that are available and their costs, mileage allowances and time period for the lease is on Car Leasing Directories which can be found via the search engines of Google, Yahoo! or MSN. You can then decide how best to proceed.