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Flexible Lease

Flexible Lease means you use the vehicle for the length of the contract, and it appears on your balance sheet. It is similar to traditional methods of funding, whereby the total price of the item, in this case a vehicle, including interest and costs, is charged back to you over an agreed period of time, in the form of monthly payments.

After this, the vehicle is then transferred back to us and we dispose of it. If there are any proceeds from the sale, these are passed back to you less the fees. You cannot retain the vehicle at the end of the contract. It is sometimes possible to sell it onto a third party.

The benefits

As with this method of funding the full price of the vehicle is funded, so there is no residual value risk, and no final balloon payment.

You also have the option of extending the term at a fee or terminating early by paying the outstanding amount.

The Flexible Lease method offers fixed monthly payments.

What is Flexible Lease?

The Flexible Lease method is different from traditional funding methods, as we purchase the vehicle and can use our buying power and expertise to offer you the best rental.

At the end of the contract, you don't have to worry about the vehicle mileage as the vehicle has been paid for.

Flexible Lease includes:

  • Fixed monthly payments
  • Flexible terms and mileage - minimum 24 months to maximum 60 months
  • 1st year road fund licence
  • The option to add a replacement vehicle, in the event of the vehicle being unfit for use through theft, mechanical failure,
  • accident or repair
  • No excess mileage charges or mileage restrictions
  • The option to extend the lease at the end of the term for a nominal charge

How it works

Flexible Lease is a simple method of funding available to all fleet sizes. It is available on cars and commercial vehicles up to 3.5 tonnes.

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