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Independent Cars Ltd
Hydra Business Park
Nether Lane
Sheffield S35 9ZX
08454 303020
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 Finance Lease
A finance lease combines the benefits of ownership with VAT advantages.

The vehicle is leased to the client and the lease rate can either be linked to a residual value set by the client, or the capital value can be spread over the term of the loan. At the end of the contract term, the vehicle must be sold to a 3rd party and the client benefits from the sale proceeds.

Although the vehicle appears on the balance sheet, the leasing company is able to recover VAT on the purchase price of the vehicle and this benefit is passed on to the client through lower rentals.

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