Selected all your options? Now click here >>
Quick contact

Quick contact

Contact us Quote Newsletter subscribe
21st Apr 2019 - By providing honest and independent vehicle and finance solutions; KeyFleet makes our clients lives easier by understanding their needs and developing long term relationships whilst saving them time and money.

co2 band Up to 75 g/km (Low CO2)co2 band A (0-0 g/km)co2 band B (1-50 g/km)co2 band C (51-75 g/km)co2 band D (76-90 g/km)co2 band E (91-100 g/km)co2 band F (101-110 g/km)co2 band G (111-130 g/km)co2 band H (131-150 g/km)co2 band I (151-170 g/km)co2 band J (171-190 g/km)co2 band K (191-225 g/km)co2 band L (226-255 g/km)co2 band M (256> g/km)
Special offersRequest a quoteRequest a call backLatest News and BlogSell your car (broker form)

Finance Lease

Finance Lease is a popular funding option for commercial vehicles or vans where Contract Hire is not always suitable or the best option.

Your business uses the vehicle while paying a rental rather than a repayment. The monthly rental is determined by the initial cost of the vehicle (excluding VAT), the period of the finance lease and the residual value (the estimated future value of the vehicle at the end of the finance lease period once depreciation is taken into account), plus interest.

Advantages:

  • Minimum capital expenditure
  • Accurate monthly budgeting
  • A fixed interest rate is available on some contracts
  • No damage recharge as you are responsible for disposal of the vehicle
  • Finance lease is a very popular choice for VAT registered companies and businesses as they can claim back 50% of the VAT on the finance element for cars and generally 100% for commercials (subject to no private use). On contracts with maintenance the service element VAT is 100% recoverable
  • Rentals can be offset against the businesses profits. Cars with a CO2 output above 130g/km are currently subject to a 15% disallowance on the amount of the rental that can be claimed against the businesses taxation, for cars with a CO2 output of 130g/km or below, there is currently no disallowance
  • Reduced administration
  • On-going advice and support
  • Optional full maintenance package with breakdown rescue cover
  • Optional GAP insurance which provides cover for the shortfall between the outstanding finance and the insurance value if the vehicle is declared a write-off by your insurance company

Disadvantages:

  • You will never own the vehicle as the vehicle must be sold to a third party as the end of the agreement
  • Operating risk associated with the vehicle
  • Interest rates can vary on some contract
  • You must have fully comprehensive vehicle insurance

More Information on Finance Lease:

Although you never take ownership, at the end of the finance lease contract a payment equivalent to the residual value is payable. Usually this means that the vehicle is sold and a proportion of the proceeds of the sale are returned to the lessee.

Most finance lease companies will offer a number of payment options to suit your cash flow. You can lower the monthly rental with a balloon payment at the end of the contract, or you can pay the entire cost in monthly rentals (normally referred to as a fully amortised Finance Lease), in which case you may be able to extend the finance lease with a secondary rental (sometimes called a peppercorn rental).

Check out our current special offers below...

Business contract hire Nissan Juke, SUV / 4x4
Nissan Juke SUV
1.5 dCi 110 Visia 5Dr Manual [Start Stop]
£212.00 + VAT monthly rental
£636.00 + VAT initial rental
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1.5 litre Diesel Manual
+ compare
Business contract hire BMW X3, SUV / 4x4
BMW X3 xDrive20 SUV
2.0 d 190 M Sport 5Dr Auto [Start Stop]
£346.61 + VAT monthly rental
£3119.49 + VAT initial rental
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 12000
2 litre Diesel Automatic
+ compare
Business contract hire BMW X3, SUV / 4x4
BMW X3 xDrive20 SUV
2.0 d 190 M Sport 5Dr Auto [Start Stop]
£371.97 + VAT monthly rental
£2231.82 + VAT initial rental
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 12000
2 litre Diesel Automatic
+ compare
Business contract hire BMW X3, SUV / 4x4
BMW X3 xDrive20 SUV
2.0 d 190 M Sport 5Dr Auto [Start Stop]
£401.34 + VAT monthly rental
£1204.02 + VAT initial rental
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 12000
2 litre Diesel Automatic
+ compare
Business contract hire BMW X3, SUV / 4x4
BMW X3 xDrive20 SUV
2.0 d 190 M Sport 5Dr Auto [Start Stop]
£334.18 + VAT monthly rental
£3007.62 + VAT initial rental
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Business contract hire BMW X3, SUV / 4x4
BMW X3 xDrive20 SUV
2.0 d 190 M Sport 5Dr Auto [Start Stop]
£358.63 + VAT monthly rental
£2151.78 + VAT initial rental
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Business contract hire BMW X3, SUV / 4x4
BMW X3 xDrive20 SUV
2.0 d 190 M Sport 5Dr Auto [Start Stop]
£386.94 + VAT monthly rental
£1160.82 + VAT initial rental
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Business contract hire BMW X3, SUV / 4x4
BMW X3 xDrive20 SUV
2.0 d 190 M Sport 5Dr Auto [Start Stop]
£334.07 + VAT monthly rental
£3006.63 + VAT initial rental
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 9 + 35
Annual mileage: 8000
2 litre Diesel Automatic
+ compare
Business contract hire BMW X3, SUV / 4x4
BMW X3 xDrive20 SUV
2.0 d 190 M Sport 5Dr Auto [Start Stop]
£358.52 + VAT monthly rental
£2151.12 + VAT initial rental
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 8000
2 litre Diesel Automatic
+ compare
Business contract hire BMW X3, SUV / 4x4
BMW X3 xDrive20 SUV
2.0 d 190 M Sport 5Dr Auto [Start Stop]
£386.82 + VAT monthly rental
£1160.46 + VAT initial rental
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 8000
2 litre Diesel Automatic
+ compare
Business contract hire Nissan Juke, SUV / 4x4
Nissan Juke SUV
1.6 112 Visia 5Dr Manual
£232.00 + VAT monthly rental
£696.00 + VAT initial rental
Business contract hire
Contract term: 24 months
Rental profile: 3 + 23
Annual mileage: 10000
1.6 litre Petrol Manual
+ compare
Business contract hire Nissan Juke, SUV / 4x4
Nissan Juke SUV
1.6 112 Acenta 5Dr Manual
£200.00 + VAT monthly rental
£600.00 + VAT initial rental
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1.6 litre Petrol Manual
+ compare
Business contract hire Nissan Qashqai, SUV / 4x4
Nissan Qashqai SUV 2wd
1.5 dCi 115 N-Connecta 5Dr Manual [Start Stop]
£245.00 + VAT monthly rental
£735.00 + VAT initial rental
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1.5 litre Diesel Manual
+ compare

Have you seen our latest blog post?

Big savings for fleet leasing with KeyFleet’s “Marketplace service

KeyFleet provides the most competitive contract hire and leasing quotes for UK businesses As... read more

Posted on 22nd February 2018 at 11:38 AM

Follow us on social media for company updates and special offers!

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time. Close this message.