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29th Mar 2017 - We supply all makes and models at competitive prices. Please ring or email your exact requirements!

Finance Lease

Finance Lease is a popular funding option for commercial vehicles or vans where Contract Hire is not always suitable or the best option.

Your business uses the vehicle while paying a rental rather than a repayment. The monthly rental is determined by the initial cost of the vehicle (excluding VAT), the period of the finance lease and the residual value (the estimated future value of the vehicle at the end of the finance lease period once depreciation is taken into account), plus interest.

Advantages:

  • Minimum capital expenditure
  • Accurate monthly budgeting
  • A fixed interest rate is available on some contracts
  • No damage recharge as you are responsible for disposal of the vehicle
  • Finance lease is a very popular choice for VAT registered companies and businesses 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 service element VAT is 100% recoverable
  • Rentals can be offset against the businesses profits. Cars with a CO2 output above 130g/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 130g/km or below, there is currently no disallowance
  • Reduced administration
  • On-going advice and support
  • Optional full maintenance package with breakdown rescue cover
  • Optional GAP insurance which provides cover for the shortfall between the outstanding finance and the insurance value if the vehicle is declared a write-off by your insurance company

Disadvantages:

  • You will never own the vehicle as the vehicle must be sold to a third party as the end of the agreement
  • Operating risk associated with the vehicle
  • Interest rates can vary on some contract
  • You must have fully comprehensive vehicle insurance

More Information on Finance Lease:

Although you never take ownership, at the end of the finance lease contract a payment equivalent to the residual value is payable. Usually this means that the vehicle is sold and a proportion of the proceeds of the sale are returned to the lessee.

Most finance lease companies will offer a number of payment options to suit your cash flow. You can lower the monthly rental with a 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 rental (sometimes called a peppercorn rental).

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See What Our Customers Think

Testimonials

I have been really impressed with the professional and friendly way you have handled this lease deal. I have been impressed from start to finish.

Lyle Cross

Firstly I want to thank you for your help, time, and support the past few years. I know that you have at times gone out your way to achieve customer satisfaction.
You and your team are very professional, and I would not hesitate to recommend friends and anyone that I know who would wish to lease a car from yourselves.

The decision to lease a car through the business was a new concept to me but it made sense at the time and has been great value for money.
The service and commitent to please was well noted and for all that I would like to thank you very much

Gary Kent

I have thought long and hard about a personal lease for myself and gone through endless hours of comparisons since I first contacted Jacki Stevenson with no knowledge of personal leasing at all. It was her professionalism, swiftness of answering every query I had (and there are endless mails) and nothing was too much trouble. I had her do endless quotes of different makes, term lengths, costs etc.

It was her dedication for the sale and politeness in execution from conception to finality, that swayed me to go with yourselves regardless that I had got cheaper quotes. I was made to feel secure in my decision and backed by your company (trust in that I have dealt with you for two and a half years) as your employee I felt she is worth a moment of my time for the recognition she not only deserves but the fact that again, another trustworthy member of staff. You must have something good there….

Thank you once again Jacki, I m looking forward to my new, white Nissan Juke

Lesley Thompson - Xzeres

In 2008 our Fleet of 50 cars was spread across a number of suppliers with a mixture of owned, leased and hire purchase vehicles. Windmill Leasing has helped us with every aspect of the transition to a fully managed and maintained fleet.

They were flexible during the transition period by supporting vehicles not originally supplied by them and managing the disposal of our owned and HP cars.

The new fleet of Golf and Passat bluemotion cars have reduced our fuel bills by 10% and overall our fleet costs have reduced by 22% over the past 2 years.

The main benefits, however, have little to do with cost and more to do with the service we receive. Our drivers deal directly with the Windmill Leasing Service Team for all their requirements – servicing, tyres, temporary vehicles, loans, accident management, repairs.

It is hassle-free for me, my Personnel Department and my Finance Team. We have a large mobile workforce – so that is really saying something. When I think back to the aggravation we had on a daily basis before Windmill Leasing stepped in I shudder.

Windmill Leasing is full of friendly and professional people who offer an exceptional service at a competitive price. I couldn’t recommend them highly enough.

Nicholas Orme, Chief Executive, Portraya

Windmill Leasing are a company who have always had my best interest at heart. I have felt extremely well looked after and their prices are very competitive. They have always been efficient and their personal approach is credit to their staff and management. I am very happy to be a client.

Chris Pennell, Worcester Warriors Captai

I just wanted to inform you that I have received delivery of the Qashqai this morning. Of course very pleased to have it and most importantly thank you very much for all assistance through the process and the excellent service you have provided. I will definitely recommend your company for any future vehicle purchases

Merril Mathias, Luckings Logistics

I have just taken delivery of my new Mercedes SLK and called to let Claire know. Also to thank her so much for her help with my order.

However I wanted to email you, to pass on how impressed I have been with Claire's service level. She has worked on sourcing a car for me for a few weeks now and from beginning to end she has been outstanding. She was always very clear on what was possible or not and never over promised, unlike some sales people I encounted along the way! She soughtt out quite a few solutions to issues that presented themselves and ultimately went way beyond the service level I was expecting especially when we have never met face to face, only dealt with each other by phone and email, which sometimes makes things more difficult. I would have no hesitation in recommending Claire and your company to others looking for a car.

Viven Kyles,

I originally approached Windmill Leasing some 18 months ago when I was caught off guard and opened up one of their eshots. The first person I spoke to was Jacki,who immediately impressed me with her knowledge and speed in dealing with my requested. I am pleased to say I have been using them ever since.

Roger Bishop, Joint Chairman, Bishops Mo

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