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Finance lease allows you to lease a vehicle for a predetermined period, which is usually 18 to 48 months.
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Initial payment is normally 3 months, but others deposits are available
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No maintenance is included
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Road tax is not included in the rentals
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Final balloon payment at the end of the lease agreement
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No mileage restrictions
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All quotes are exclusive of VAT - 50% of the VAT is recoverable
Finance lease is designed for organisations which are happy to take on the risk factors of maintenance costs and disposal values, but are seeking a cost-efficient method of funding acquisition. Again, finance lease has become even more attractive against other forms of finance following changes to the VAT regulations.
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