For the uninitiated, vehice finance can be a complicated
subject. There are a number of leasing and purchase agreements
available to the business user.
The information opposite offers a brief explanation
of the main options, characteristics and benefits according
to the user type and your business needs.
If you are an individual customer looking to finance
you vehicle(s) then please see our personal
lease options.
Business Leasing
> Business lease examples
> Make an enquiry
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Purchase Type: Hire Purchase.
Terms of the Loan: Deposit plus monthly payments.
End of the Agreement: Customer pays the
option to purchase fee and owns the car.
Key Features: Minimum Deposit 0%, Minimum
term 12 months, Maximum term 60 months, Minimum balance £1500,
used cars cannot be older than seven years at the start
of the agreement. |
Purchase Type: Lease Purchase.
Terms of the Loan: Deposit, monthly payments
and final payment.
End of the Agreement: Customer pays final payment and option to purchase fee
and owns the car.
Key Features: Minimum deposit 0%, Minimum
term 12 months, Maximum term 48 months, used cars cannot
be older than three years at the start of the agreement. |
Purchase Type: Finance
Lease (Full Payout).
Terms of the Loan: Advance rentals (& VAT)
plus monthly rentals (& VAT).
End of the Agreement: Vehicle sold to a
3rd party. 90% of vehicle disposal proceeds returned to the
customer. Or secondary rental, 1% of original price per annum.
Key Features: Minimum rentals in advance
- 1 month, Maximum rentals in advance equal to 50% of price,
Minimum term 12 months, Maximum term 48 months, used cars
cannot be older than three years at the start of the agreement,
all rentals subject to VAT. |
Purchase Type: Finance
Lease (Residual Value).
Terms of the Loan: Advance rentals (& VAT),
monthly rentals (& VAT) plus residual value.
End of the Agreement: Vehicle sold to a
3rd party. 100% of vehicle disposal proceeds less residual
value returned to the customer.
Key Features: Minimum rentals in advance
- 1 month, Maximum rentals in advance equal to 50% of price,
Minimum term 12 months, Maximum term 48 months, used cars
cannot be older than three years at the start of the agreement,
all rentals subject to VAT. |
Purchase Type: Contract
Hire.
Terms of the Loan: Advance rentals (& VAT),
monthly rentals (& VAT) plus optional maintenance (if chosen).
End of the Agreement: Vehicle returned
to Honda Contract Hire, no risk to customer.
Key Features: Minimum rentals in advance
- 1 month, Maximum rentals in advance equal to 50% of price,
Minimum term 12 months, Maximum term 60 months, minimum mileage
per annum 6,000, maximum mileage in total 150,000, used cars
cannot be older than two years at the start of the agreement,
all rentals subject to VAT. |
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