It doesn't matter whether you're a sole trader, limited company, partnership, a public limited company (PLC) or self-employed, business car leasing is an option that's open to you. Contrary to popular belief, it doesn't even matter if the vehicle's intended for personal use, it can still be leased through the business. Business car leasing is easy, you find a deal you love, get in touch and we'll pretty much sort the rest from there. It really is that simple. We're here to bring you the very best business car lease deals so you don't have to spend too long hunting for the perfect vehicle.
Business car leasing is a form of car finance that allows you to get your hands on a brand new car, regularly, without the hassle of having to sell your old one first. Generally reserved for business owners, sole traders and limited companies, business contract hire allows you to lease a car for 24,36 or 48 months. You’ll just have to pay in fixed monthly instalments.
Once this contract is up, you can just hand back the keys and start another contract hire agreement. This means you haven’t got to worry about selling it and risking losing huge sums once the car’s value has depreciated, but you do have the option of paying a balloon payment if you want to keep your car at the end of the term.
One of the great things about business contract hire is that you can often find great business only deals and often pay less in taxes.
There are a number of things we often get asked here at All Car Leasing about our business lease deals. To make sure you know everything about business car leasing, we’ve compiled the below FAQs, but if you can’t find the answer you need below, just get in touch, or check out our business car leasing guides or fleet leasing guides.
The primary differences between personal and business car leasing are as follows:
Business car leasing works very similarly to personal car leasing. You simply find the car you want to drive, get in touch and we’ll get you driving a new car in no time.
As it’s a contract hire agreement you won’t own your car at the end of it, and there are a number of mileage constraints alongside wear & tear restrictions that you’ll want to double check before entering agreement. You won’t own the car outright, and you can return the keys at the end of your agreement and change to a new model. All of this for fixed monthly costs that are often very affordable.
To be eligible for a business car lease, it’s as simple as being a registered business. If you’re a business owner, sole trader, partnership, public limited company, charity or limited liability you can apply for a business car lease.
All you need to do is apply, be able to pass a credit check and show that you are currently trading or that you can afford to make the repayments.
There are two options here, depending on the usage of the car:
Road tax will be included in your business lease, so it’s not something you have to pay in addition to your contract hire agreement.
The amount of road tax you pay depends on your car and your emissions, so it will change depending on the car you choose to lease.