trueFleet Contract Hire, Car & Van Leasing in Huddersfield, West Yorkshire
trueFleet Contract Hire, Car & Van Leasing in Huddersfield, West Yorkshire
Vehicle & Leasing Solutions
Vehicle & Leasing Solutions

Contact us on: 01484 866218


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Yorkshire Car & Van Leasing Company


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Vehicle & Leasing Solutions

trueFleet® - Finance Lease in Yorkshire


Finance Lease is a popular funding option for commercial vehicles where Contract Hire is not suitable (cars can also be financed)


Finance Lease is a method of financing a vehicle that is usually favoured for commercial vehicles and by VAT registered businesses.  The business obtains the use of the vehicle by paying a rental each month.  The monthly rental is determined by the initial cost of the vehicle (excluding VAT), the period of the Finance Lease and the optional residual value (normally called the final balloon payment), plus interest. 

Although you never take ownership, at the end of the Finance Lease agreement a rental equivalent to the balloon payment (optional) is payable.  Usually this means that the vehicle is sold to a 3rd party company and a proportion of the sale proceeds are returned to the lessee after the balloon has been paid.

Most Finance Lease companies will offer a number of payment options to suit your cash flow.  You can lower the monthly rental by adding an optional final balloon payment at the end of the contract, or you can pay the entire cost in monthly rentals (normally referred to as a fully amortised Finance Lease), in which case you may be able to extend the Finance Lease with a secondary period rental (sometimes called a peppercorn rental).



  • Minimum capital expenditure
  • Accurate monthly budgeting
  • A fixed interest rate is available on most contracts
  • No damage or mileage recharges, as you are responsible for the disposal of the vehicle
  • Finance lease is a popular choice for VAT registered companies as they can claim back 50% of the VAT on the finance element for cars and generally 100% for commercials (subject to no private use). On contracts with maintenance the VAT on the service element is 100% recoverable
  • Rentals can be offset against the businesses profits.  Cars with a CO2 output above 110 g/km are currently subject to a 15% disallowance on the amount of the rental that can be claimed against the businesses taxation, for cars with a CO2 output of 110 g/km or below, there is currently no dis-allowance
  • Optional maintenance package



  • You will never own the vehicle as you must sell it to a third party company at the end of the agreement
  • Operating risk associated with running the vehicle
  • Interest rates can vary on some contracts
  • You must have fully comprehensive vehicle insurance


Have a question about Finance Lease?


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Download a copy of our trueFleet® Finance Lease information sheet here
trueFleet Finance Lease information.pdf
Adobe Acrobat document [148.1 KB]

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© trueFleet® is a trading style of John Paul O'Leary | We are a credit broker not a lender | Authorised and Regulated by the Financial Conduct Authority FRN 685852 | ICO Registration Ref: ZA009514 | BVRLA membership No: 7029 Address: 50 Whinmoor Drive, Clayton West, Huddersfield, West Yorkshire, HD8 9QA