Commercial Vehicle Finance

Future Vehicle Leasing are appointed representatives of Network Vehicles (part of the worldwide LeasePlan brand). Future Vehicle Leasing are also proud associate members of the BVRLA (British Vehicle Rental and Leasing Association).

Below you will find a brief overview of the differences between the available commercial vehicle finance options. If you require further clarification or unable to decide which finance options would best suit you, then why not give us a call on 08450 50 30 50 or contact us

Business finance is not just available to Limited companies. If you are a sole trader, self employed individual or a partnership you will be entitled to business finance.

If you're a private individual, then read more about our personal vehicle finance and available options.

Contract Hire

This is what is known as a 'no risk agreement', ideal for companies who need vehicles on a fixed monthly budget with the option of including maintenance. At the end of the term you simply hand the vehicle back with no disposal issues or risk of short fall in the vehicle value.

Main features and benefits of Contract Hire include:

Contract Purchase

For companies who want their own vehicles but who want to avoid any risk of depreciating assets.

Main contract purchase features and benefits include:

Finance Lease

Finance Lease is a tax efficient option where you choose to pay either the entire cost of the vehicle, including interest charges, over an agreed lease period or opt to pay lower monthly rentals with a final payment based on the anticipated resale value of the vehicle.

At the commencement of the contract, usage parameters for the vehicle are agreed, and assuming this does not vary, monthly payments and interest rates are fixed for the duration of the contract.

Therefore you benefit though fixed costs but do take on the administration and operating risks. At the conclusion of the contract you can continue to operate the vehicle under a "peppercorn agreement" although you will at no time take ownership of the asset.

Lease Purchase

Lease Purchase is an agreement designed to offer dedicated vehicle funding where the customer wishes to purchase the vehicle. It is purely a finance package, and does not include maintenance or other added-value services (such as are available through contract purchase or contract hire).

The customer is liable for payment of any final balloon payment and does not have the option to return the vehicle at the end of the agreement. Monthly payment are not subject to vat. With a commercial vehicle you will be required to pay all the vat on the purchase price with your initial payment.

The vehicle is registered in the name of the customer, and where this is a company, the vehicle will appear on the balance sheet, and Writing Down allowance will be available.