Business car lease deals - company and fleet cars

Leasing is a long-term car hire agreement, typically ranging from two to five years. When considering a longer lease term, it is crucial to ensure that the car warranty extends throughout the duration of your contract. If not, we highly recommend that you consider our fully maintained business lease deals to safeguard against unexpected expenses in case any issues arise beyond the warranty period.

Find out more about business vehicle leasing in our Guide to Business Leasing.

At Commercial Vehicle Contracts, we specialise in business lease contracts. However, if you are a private individual and have come across one of our exceptional car deals that has caught your interest, do not hesitate to reach out to us. We would be delighted to provide you with a personal lease quote tailored to your needs, with car tax included and free UK delivery.

You won’t be able to purchase the car at the end of the lease agreement. With Business Contract Hire the car is returned to the funder once the car leasing contract is up.

However, if you really like the car, you can choose to lease the same model or similar on a separate agreement once the current one comes to an end.

Alternatively, you might want to explore other forms of car finance with the option to buy the car - such as a Business Hire Purchase.

Business car leasing is cheaper than personal car leasing due to tax benefits and the ability to reclaim VAT when you lease a car through a company. Consequently, when browsing for business car leasing deals available online, you will notice that the prices are advertised without the VAT element, whereas personal car deals include VAT.

Businesses can typically reclaim 50% of the VAT on the lease. Additionally, if a vehicle is used solely for business purposes, businesses can reclaim the full VAT amount. This distinction in taxation makes business car leasing more cost-effective than personal leasing.

Regardless of whether you lease a car solely for business use, personal and business use, or personal-only use, leasing companies in the UK require that you acquire a fully comprehensive car insurance policy.

This insurance should be effective from the day of vehicle delivery and must remain active until the vehicle is returned to the finance company.

It can be challenging for the finance provider to accurately assess the associated lending risks when there is no or limited credit history available Therefore, new business lease customers might need to provide 3 months of business bank statements, management accounts (if available), and a director's guarantee to support their finance application. Additionally, a larger initial rental might be necessary in certain instances.

A company car lease scheme is a way for businesses to provide employees with the use of a car without having to buy or finance the vehicle themselves. Instead, the business leases the car from a leasing company and pays a monthly rental fee. The employee is then able to use the lease vehicle for both business and personal purposes.

Providing company cars to employees can boost satisfaction and productivity and serve as a valuable tool in attracting and retaining talent. These vehicles are subject to Benefit-in-Kind (BiK) tax, which is typically collected through the employee's PAYE.

Given the advantageous BiK rates and low running costs, electric company car lease have become a popular choice for businesses in recent years. If you're not ready for a switch, we recommend that you explore our hybrid car lease deals.

As a proud member of the British Vehicle Rental and Leasing Association (BVRLA), Commercial Vehicle Contracts strictly adheres to the regulations outlined in the BVRLA's Fair Wear and Tear Guide. To obtain a copy of this guide, you may request it directly from us or through your funding provider.