Finance Lease

Finance Lease

Finance Lease can provide you with a more flexible alternative to contract hire, giving you the choice between a fully amortised lease, or incorporating a balloon payment to reduce your rentals. Your contract is not based on a fixed mileage which may be suitable if you expect your business needs to change significantly, or for very high mileage vehicles.

Funding can be provided using either a variable or fixed rate of interest. With Finance Lease you are responsible for the residual value risk and reward, although you can never actually take title of the vehicle. A Finance Leased vehicle would show on your balance sheet.

Finance Lease can be combined with a number of other optional services provided by Leasedrive such as:

  • Fleet management
  • Car policy management
  • Driver outsourcing
  • Short and mid-term hire
  • Accident management
  • Fuel card management

Our Approach

You’ll notice something different working with Leasedrive. We are the UK’s leading independent fleet services provider, exclusively focused on the fleet market. We are 'fleet people' - from the executive leadership team through to our customer service and operations functions - and experts in our field.

But more than that, you and your drivers will benefit from the highest quality service experience from an organisation that prides itself on its reputation for customer service. In a recent survey (2011) over 97% of drivers stated that they were highly satisfied or satisfied with the service received from Leasedrive.

We provide a key support service to the human resources and benefits community, aiding employee retention and recruitment through the design and delivery of a first class car benefit solution.

  • VAT efficient – you benefit from our ability to recover VAT on the new vehicle purchase, reducing your costs
  • Flexible payment profiles to meet your needs, with or without a balloon payment
  • With no fixed mileage contract you won’t receive any excess mileage charges
  • And as you are responsible for the residual value there are no end of contract charges either
  • Fixed or variable interest rate, allowing you to choose the best option for your business
  • Your fleet can be supported by Leasedrive’s range of vehicle, driver and fleet management services

Managing your fleet couldn’t be easier. As a Leasedrive customer you will be provided with a customised version of Drive:Manager™, our multi-award winning online quote to order system.

Drive:Manager™ is a comprehensive yet simple to use web-based system offering all-round operational efficiencies and covering all key areas of fleet management. You and your drivers (if required) can obtain quotes and order new vehicles, and track progress through production and delivery.

Once the vehicle is on the road routine servicing, maintenance and repair work can all be booked and authorised online. Meanwhile, you can make the most informed decisions, based on the best available and clearest management information.