Finance Lease

Finance Lease is a hiring agreement that is only offered to business users, whereby the residual value, maintenance and road fund licence responsibilities are borne by the lessee. One Stop Vehicles Limited purchases the car from the supplier and in turn leases the car to the customer at agreed rentals for a specified period. Title or ownership can never be obtained by the customer.

Customer Benefits

• Business users are able to claim back 50% of the VAT on the monthly rental
• It is on balance sheet
• Rentals are based on depreciation factor only
• Minimises tax liability
• Improves asset value on accounts
• Rentals allowance for tax purposes