Finance

CARLEASE understands that choosing the right vehicle to suit all of your needs can be hard but finding the right finance option can be even harder. That's why at CARLEASE we offer our customers various finance options to best suit their individual needs.

For business users, whether you are a Sole Trader, a Limited Company or a PLC, we can offer you contract hire & lease and purchase plans. We also have a selection of personal finance options that are designed for our personal users.

To find out more information on the various finance options CARLEASE can provide, please see below.

Contract Hire

Contract Hire is a long term rental agreement and is the most common type of lease available in the UK. It will benefit a customer who is seeking to remove assets from a balance sheet, eliminate the financial risk assoicatied with disposing of the vehicle and enjoy the convenience of a full maintenance service, at a fixed monthly cost.

Key features and benefits include

• Fixed rentals for the whole package, making budget planning easier
• Flexible terms to meet your requirements with variable duration and mileage terms
• Maintenance of vehicles can be included in monthly rentals, and so spread the cost
• Contract hire removes depreciating assets from the balance sheet and the associated risks of owning vehicles
• Flexible invoice arrangements help to considerably reduce administration

Personal Contract Hire

This finance option will benefit a personal individual who is seeking to eliminate the financial risk associated with disposing of the vehicle and enjoy the convenience of a full maintenance service (if requested), at a fixed monthly cost.

Key features and benefits include

• Fixed rentals for the whole package, making budget planning easier
• Flexible terms to meet your requirements with variable duration and mileage terms
• Maintenance of vehicles can be included in monthly rentals, and so spread the cost

Contract Purchase

Structurally similar to Contract Hire, Contract Purchase enables the customer to make fixed monthly payments. However, with Contract Purchase the customer has the option of retaining the vehicle at the end of the contract.

Key features and benefits include

• Similar benefits to contract hire regarding fixed payments and flexible terms
• Maintenance and added value services can be included
• The finance company guarentees the resale value of the vehicle at the end of the contract purchase agreement for a known, fixed amount
• Ownership passes to the customer at the end of the agreement when all payments have been made.

Personal Contract Purchase

Again, structurally similar to Personal Contract Hire, Personal Contract Purchase enables the customer to make fixed monthly payments. However, with Personal Contract Purchase the customer has the option of retaining the vehicle at the end of the contract.

Key features and benefits include

• Similar benefits to Personal Contract Hire regarding fixed payments and flexible terms
• Maintenance and added value services can be included
• The option to retain the vehicle at the end of the contract - without depreciation risks

Finance Lease

Finance Lease is a popular funding option for commercial vehicles where Contract Hire is not suitable. (Cars can be financed as well)

Key features and benefits include

• Fixed, low monthly payments and flexible terms
• Monthly rentals can be lowered further throught the introduction of a ballon rental at the end of the contract
• Although you will not own the vehicle, you would recieve 98% of the sale proceeds. Where a baloon has been introduced, these proceeds are utilised to help clear the rental

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