If you run a small business and want to run a car without worrying about its future value or the hassle of eventually selling it, a contract hire agreement could be for you.

We’ll agree a plan of fixed monthly rentals lasting for one year to four years. At the end of the contract you simply hand the car back, subject to mileage and vehicle condition, and start a new agreement on a brand new car.

You can budget ahead by adding servicing, maintenance and tyre costs to your agreement. It may even be possible for your business to recover the VAT on these elements.

We recommend that you seek independent tax advice.

We value our business customers. That’s why we have a finance lease package that is just as clever as your business.

Finance lease gives you the option to reduce your monthly rental costs or shorten the term of your contract and also gives you the chance to share in any potential excess sales proceeds when the vehicle is sold at the end of the agreement.

If you are a VAT registered business you may be able to reclaim a proportion of the rentals as business expenses.

We recommend you seek independent financial advice.

Lease purchase lets you lower your monthly payments, compared to hire purchase, by deferring a proportion of the vehicle cost to the end of the agreement. Lease purchase is great for small businesses that want to keep control of their cash flow to be able to change vehicles sooner.