Finance lease allows a business to obtain a vehicle and use it for the length of the lease and beyond with sub-sequential secondary or peppercorn rentals. Payments attract VAT and also rentals can be offset against corporation tax. Unlike contract hire disposal must be undertaken by the lessee of which normally 97.5% of the disposal amount can be retained.
The Lease Lounge are a trading style of The Leasing Lounge who are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 780798
Registered in England & Wales with company number : 10794074 | Data Protection No : ZA268651 | VAT No : 269165570
Registered Office : 23 Goodlass Road, Liverpool, L24 9HJ
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