Personal Car Leasing (also known as Personal Contract Hire) is simply a method of a personal long term rental, with a mileage allowance, providing you a fixed monthly payment for the new car you want. Personal Leasing protects you from depreciation risk of owning a vehicle and the need to borrow the cost of the new car from your bank. Included in your leasing agreement you will have breakdown cover, road fund licence, no need for an MOT and you can include maintainence / servicing for a complete fixed cost package. With a Personal Lease Car you choose how long you want the vehicle leasing for, the annual mileage you want to drive and at the end you simply send the car back. Cheap Personal Car Lease Deals are becoming more popular with private individuls or employee’s opting out of a company car scheme. No benefit in kind if opting out of a company car scheme The Leasing Company recovers the VAT on the vehicle purchase, which means the car is less to finance so your monthly privatel car leasing repayments are reduced. With a Personal Car Lease deal, you could afford a car that would otherwise be too expensive. As you do not own the lease vehicle, there is no worry about depreciation or worry about having to sell the car at a later date.

Business Car Leasing (also known as Business Contract Hire) is simply a method of a business long term rental, with a mileage allowance, providing you a fixed monthly payment for the new car you want. Business Leasing is now so popular it accounts for over 50% of all new company cars. A Business Car Lease protects you from depreciation risk of owning a vehicle and the need to borrow the cost of the new car from your bank. Included in your business lease agreement you will have breakdown cover, road fund licence, no need for an MOT and you can include maintainence / servicing for a complete fixed cost package. With a Business Car Lease you choose how long you want the vehicle for, the annual mileage you want to drive and at the end you simply send the car back. Business Contract Hire Free’s up Capital. Instead of purchasing new cars and depreciating the assets, business car leasing does not show on the balance sheet which improved a company’s liquidityratio, gearing and return on assets. Some or all of the rental charge can be offeset against taxable profits. 50% of the VAT on a Business Car Contract Hire agreement can be reclaimed. With a Cheap Business Car Lease deal, you could afford a car that would otherwise be too expensive. As you do not own the vehicle, there is no worry about depreciation or worry about having to sell the car at a later date.