How Operating Lease Works

This solution offers lower monthly rentals without the worries or commitment of ownership.

At the start of your agreement you pay an advance rental upfront. Your monthly rentals are based on the difference between the initial value of the vehicle and its projected residual value at the end of your agreement. Therefore, only a proportion of the vehicle’s value is repaid, which avoids a large initial expense and keeps monthly payments lower.

Operating Lease features:

  • No need for a large initial deposit
  • Pay an advance rental upfront
  • Fixed regular monthly rentals (that include VAT) means you can easily budget
  • Rentals are allowable against taxable profits (proportionally)
  • VAT is reclaimable depending on usage (proportionally)
  • Rentals are based on your annual mileage agreed at the start of your agreement and only on a proportion of the vehicle’s value, keeping your monthly payments lower

At the end of your agreement:

We’ll arrange the collection of your vehicle at the end of your agreement. You simply hand back your vehicle subject to it being in line with our View our Vehicle Return Standards as vehicle condition, excess mileage and other charges may be payable.

View our Vehicles Return Standards.

Click here to find out more about our Operating Leasing offer.