Business car leasing gives you the chance to access a range of models that you can use to get your business from A to B. At Car Leasing Made Simple, we make the business car leasing process, well, simple!
With a range of cars from your favourite manufacturers, including BMW, Mercedes, Hyundai, Toyota and more, your company will be on the road in no time. Take advantage of fixed monthly payments, tax savings, and have access to the newest models.
Find affordable business car lease deals today, or get in touch with our leasing experts to find the answers to all your questions. Find the right business car lease deal and drive away, it really is that simple!
What is Business car leasing
Business leasing or business contract hire is an agreement for a company or business to lease a vehicle for an agreed period of time, which is typically around a few years. The business pays an initial payment, and then fixed monthly payments to use the car over this period. Once this contract comes to an end, the company returns the vehicle to the leasing company, and can choose to renew these on another vehicle, restarting the process.
Benefits of business car leasing
So, why should you choose to lease a company car? Here are a few of the benefits of the business car leasing process:
Cost efficiency
Leasing costs are more affordable than other types of finance, including buying a car outright or car finance.
Fixed monthly payments
You’ll always know how much you’re paying each month, so there’s no nasty surprises.
Tax savings
You can reclaim VAT with business leasing, making it a more viable option.
Access to the latest models
New cars are expensive, but business leasing makes them more accessible and affordable
Flexible business contracts
You can tailor your business lease contract to suit your needs, including the length of the deal, annual mileage and optional maintenance packages.
No depreciation worries
There’s no need to be concerned about your car decreasing in value over time; your business won’t own the vehicle, so you won’t lose any money.
How does business car leasing work?
Once you’ve chosen your business lease model, there are a few steps to take before you drive away in your new company car:
Choose your contract length
A shorter contract if you like to change your car more often, or longer for a more affordable lease deal.
Make your initial payment
You’ll need to make an initial payment at the start of your agreement, which is typically a few months’ worth of the fixed monthly payment.
Agree your mileage limits:
You will have to adhere to mileage limits, so you must estimate as closely as possible the amount of miles you’ll typically drive. You will have to pay a charge if you exceed this.
Choose a maintenance package
Choose a maintenance lease to suit you, for services and repairs covered in your fixed monthly payments
Drive away
Your new lease car will be delivered to you, so you can get on the road in no time.
End-of-contract flexibility
Extend, upgrade or end your agreement at the end of your contract, depending on which option suits you best.
So whether you’re handing back your car, extending your lease or choosing a new model, business car leasing gives you the flexibility to drive the perfect company car, without the added expense that comes with buying a car outright.
What happens at the end of a business lease?
When your business lease comes to an end, you’ll need to decide what to do next. Here are a few options:
Return the car at the end of the term. Your car will be inspected in line with Fair Wear and Tear guidelines. Your mileage will also be checked.
You can choose to extend your lease. This is a good option if you don’t want to disrupt your business operations. It also means you’ll have more time to plan your next vehicle, or simply allows you to keep driving a car you love!
You could choose to upgrade to a new lease. Choose a new vehicle, whether that’s a hybrid or electric car, for the latest features and a range of incentives.
Types of business lease cars
No matter the type of car you need for your business operations, at Car Leasing Made Simple™, we will have the right option.
If you’re looking for a company car that looks the part, choose a professional and reliable vehicle, like saloon and estate cars, which tend to be popular options, including the likes of the BMW 3 Series, Audi A4 and Mercedes-Benz C-Class. These models all offer a great blend of performance, comfort and prestige. You’ll be proud to have them as part of your company’s fleet.
Want to introduce electric cars into your company? We also have a wide range of electric vehicle leasing deals available, including the Tesla Model 3 or BMW i3, which have zero emissions and low running costs. EVs can be perfect for any businesses that want to enjoy tax savings while doing their bit for the planet.
Why choose Car Leasing Made Simple?
With so many car leasing companies out there, why should you choose us for business car leasing? You’ll know you’re getting a competitive price from a trusted provider. We pride ourselves on providing exceptional value and service to all our customers. We have over 35 years of experience in the business car leasing industry. We know where to find you the best deals on the market. And don’t worry, what you see is what you get—there’s no hidden fees to worry about.
If you have any questions about business car leasing, our experts are here to help! Whether you need a hand with choosing the right business lease car for you or you need help understanding the ins and outs of the leasing process, we’ve got you covered.
Business car leasing FAQs
Want to know more about business car leasing? Find the answer to all your questions with our FAQs below. If you can’t find what you’re looking for, feel free to get in touch, and we’d be happy to help.
Who is eligible for business car leasing?
Business leasing is a good option for sole traders, partnerships and limited companies. To start the process of business leasing, you may be asked to provide proof of trading, company registration, VAR number and evidence of your credit history.
Can employees use a business lease car for personal use?
Yes, but that would then be considered a benefit-in-kind. This means the employee or director of the company would need to pay car tax. If this is important to you, electric and hybrid cars often have lower BiK rates.
What happens if my business exceeds the agreed mileage limit?
If you exceed your mileage limit, you’ll be charged a per-mile excess fee. This can depend on your lease agreement, so it’s important to estimate your company’s mileage as accurately as possible to prevent extra charges.
Can I choose a maintenance package in my business lease?
Yes, you can choose to have your maintenance and repairs covered in your business lease deal, as well as your road tax, for all motoring costs covered in one monthly payment.