What is car leasing?
Car leasing is a rental product – this is where you pay each month, by direct debit, to use a car for a set period of time to a set amount of miles. At the end of the lease you return the vehicle and if it’s in good condition, allowing for “fair wear and tear” that’s it. The great news is that it will be a new, reliable car with a full warranty.
Leasing isn’t for everyone, however usually it has the least impact on your funds compared with buying a car.
To help the sector we have exclusive short cycle leases – only 12 months. This gives you 12 months, 12,000 miles motoring and you only need to make 12 equal payments – no big deposits, no administration fees for redirection of parking tickets, just a nice and simple easy to understand 1 year contract.
We also offer the more traditional lease of between 2-5 years, all of our contracts are the same though – no big deposits and no silly administration fees.
Car choice is down to you, although we will always let you know which car manufacturers want to help our Charity partners more.
From a single car or up to 100’s of cars, we can help drive down costs, improve efficiencies and protect your Charity.
Things to think about should include:
- Vehicle choice
- Vehicle image
- Fit for purpose
- CO2 emissions which impact personal tax
- NCAP ratings
Benefits of leasing
- Risk is eliminated
- Fixed transport costs
- Low initial deposits
- No acquisition problems
- No capital investment
- Expert fleet management
- Off-balance sheet funding