Business leasing is the process of companies leasing brand new vehicles for business purposes. You could be the company director, or an employee of the company paying a fixed monthly rate for a fixed term.
At the end of the term, you can simply return the vehicle to the leasing company and either choose another car for a fixed term, or walk away.
Companies such as ourselves also offer the option to lease a fleet of vehicles, which can be a more cost effective way for businesses to have multiple company cars without having to be responsible for the ownership of the vehicles.
So what are the benefits of business leasing?
Ability to claim back 50% of the VAT on the monthly payments
For VAT registered businesses and if the vehicle is being used solely for business use (not including commuting to and from work), they can claim back 50% of the VAT on the monthly payments.
Low ‘Benefit in Kind’ tax rates
Employees of businesses with use of a company lease car can benefit from low BIK rates. This tax is on employees for any perks they receive from an employers, although in most cases it can work out much cheaper than paying for your own vehicle.
Payments are ‘off balance sheet’
Business lease car payments are not shown as an asset/liability on a companies balance sheet, making it easier to gain funding from investors or bank loans due to the business finances looking healthier as a result.
Business leasing from Just Vehicle Solutions
Leasing a vehicle for business purposes from Just Vehicle Solutions couldn’t be easier. Simply search for the perfect vehicle, complete our online application form, and once we have approved your application we can then arrange the date for collection. We have a range of vehicles in stock and ready to go within 48 hours, from small to medium sized cars and SUV’s, to commercial vans and pick-ups.