A car Lease put simply is a lease, which enables the client to have use of the vehicle and all the benefits of owing it whilst the financier maintains full ownership of the asset.
Once the lease term has expired, the customer may have the option to pay out a final installment for ownership of the vehicle, negotiate a trade in or choose to have the final installment refinanced, effectively extending the life of the lease.
A lease is a product suited for a sole trader or business that will use the vehicle for at least 50% business related purposes. For an idea of more general requirements, please view our business loans.
How to apply
If a car lease sounds like the perfect product for your business feel free to give the team a call on our number below: