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Land Rover Range Rover Sport Lease Deals
13 Deals to Choose FromBusiness lease
Per Month +VATFrom£632.99
Per Month +VATFrom£632.99
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Business Car Leasing Frequently Asked Questions
How does business car leasing work?
Business leasing, or contract hire, allows you to rent a single car or van, or a full fleet, for an agreed time period, usually 2-4 years. After paying the initial rental, you’ll make fixed monthly payments for the length of your contract. When your lease ends, you return the vehicle(s). Read more in our guide to business leasing.
Can you lease a car through your business?
You can lease a car through your business if your company is one of the following: a Limited Liability Partnership (LLP), PLC, Local Authority, Partnership, Limited Company, Charity, Embassy, or you are self-employed.
How do you qualify for a business car lease?
To qualify for business car leasing, the company director(s) must give proof of their name and address. You also need to provide 3-6 months’ business bank statements and evidence of your company’s accounts.
Is a car lease tax deductible for a business?
VAT-registered businesses can reclaim 50% of the VAT on their monthly payments, or 100% if the car is used for work purposes only. You can also claim back VAT on maintenance costs. Plus, leasing cars with lower CO2 emissions will reduce the amount of company car tax you owe.
Is it worth leasing a car through my business?
Business car leasing gives you and your employees the benefit of driving a new car or van every 2-4 years. With fixed monthly payments, a manufacturer’s warranty, lower maintenance costs and several tax advantages, it can improve company cash flow too.
Why is business car leasing cheaper than personal?
Business leasing is cheaper than personal because of tax advantages. VAT-registered businesses can reclaim up to 100% of the VAT on their monthly payments, plus the VAT on any maintenance packages. Personal car leasing doesn’t offer the same tax benefits, which is why it’s cheaper to choose business car leasing.
What’s the difference between personal and business car leasing?
Personal and business car leasing are similar. Both allow you to drive a brand-new car of your choice and make monthly payments for a fixed period. But the difference with business leasing is you can also lease more than one vehicle (a fleet), while saving money through tax benefits.
What is Business Contract Hire (BCH)?
Business Contract Hire (BCH) is another way of saying business car leasing. You pay an initial rental and make fixed monthly payments for your company car or a fleet. At the end of your contract, you return the vehicle(s).
Can a new business lease a car?
If you are a new business, you can still lease a car. You will need to provide 3-6 months’ bank statements, your audited accounts and proof of the director’s name and address. As a new business, you may also need to provide further evidence of the company’s financial status.