Currently only available for Commercial Vehicles, Finance Lease is a flexible option which allows payment of the entire cost over an agreed period – or lower monthly payments with a final outstanding rental payment.
You decide the size of the final rental payment, according to your company’s cash flow requirements: the greater the final rental payment, the lower the monthly rental, and vice versa.
At the end of the term the customer has three options:
1. Sell van to a third party. If the sold value is greater/less than the agreed balloon, the customer receives a credit/invoice
2. Ask Vauxhall Leasing to sell van on their behalf. If the sold value is greater/less than the agreed balloon (after admin expenses) the customer receives a credit/invoice for the difference
3. Pay the balloon and continue to use the van on a peppercorn rental (£100 per annum)
Advantages to finance leases are:
Contract Hire is the ideal solution for small fleets that need company cars or commercial vehicles out on-the-road with the minimum fuss, leaving time to focus on the day-to-day running of the business.
Leasing a Vauxhall vehicle couldn’t be easier. Instead of paying to own it, you pay to use it.
Advantages to Contract Hire include:
You may feel that the right option to give your business more flexibility is to wholly own your fleet vehicles. We offer enhanced purchase discounts on our range of company cars and award-winning commercial vehicles.
Advantages to outright purchases are: