It is incredibly important that you understand the finance options which VanLease UK offer before progressing any further with your enquiry. Depending on your circumstances, we may be able to offer a financial product which would be more beneficial to you or your business.

Set out below are highlights of the financial products we can offer, including some of the advantages and disadvantages. If you have any specific queries, please do contact one of our account managers on 01942 608606 or email us at

Contract Hire

“Leasing” is a generic term which is commonly used to describe contract hire (please be aware that “leasing” can sometimes be confused with other financial products).

Business contract hire (BCH) is suitable for those businesses (sole trader, partnership or limited company) who wish to use a van for a designated period of time (please note that the minimum term is generally 24 months). However, it is crucial to note that BCH is not an ownership product.


  • Fixed period of car usership ranging from 24 to 60 months – you decide how long you need to use the car;
  • Low initial rental options available (subject to lender’s acceptance) – the initial rental is not a refundable deposit. This forms part of the finance and so you can decide how to structure the arrangement i.e. small or large initial rentals;
  • Option to include a maintenance package – our advertised rates do not include maintenance. However, you can add this to your contract in order to cover the cost of all routing servicing, maintenance and tyres;
  • This is a tax efficient product, as monthly rentals can be offset against taxable profit
  • If you are VAT registered, you can claim up to 50% of the finance rentals and 100% of the maintenance rentals; and
  • No depreciation concerns with the vehicle.


  • This is and so is not suitable for those businesses who wish to own a vehicle; not an ownership product
  • You will be charged for damage that is not acceptable under the BVRLA's Fair Wear and Tear Guide (available upon request);
  • You will be charged an excess mileage rate for any mileage above your contracted rate; and
  • There is generally no option to purchase the car at the end of the contract.

Finance Lease

As “leasing” is a commonly used term, some businesses who are leasing a vehicle maybe utilising a finance lease arrangement. This is a finance product which, from a process perspective, operates in a similar way to BCH. However, the key difference is that a business seeks to build equity in a vehicle over a predetermined amount of time (between 24 and 60 months) with a view to purchasing the vehicle at the end of the contract. At the end of the contract the business will have to pay the final rental (sometimes referred to as “the balloon”); there is no option to simply return the vehicle at the end of the contract but a customer may speak to the team at CarLease UK regarding other options.

Advantages of Finance Lease

  • Low initial rental options available (subject to lender’s acceptance) – the initial rental is not a refundable deposit. The initial rental you make therefore forms part of the finance and so you can decide how to structure the arrangement;
  • Subject to the lender’s discretion, there are options at the end of the contract;
  • This is a tax efficient product, as monthly rentals can be offset against taxable profit; and
  • If you are VAT registered, you can claim up to 50% of the finance rentals.

Disadvantages of Finance Lease

  • As the vehicle market can change, equity is not guaranteed in the vehicle and so there are some risks to the business; and
  • Not suitable for businesses who simply want to use a vehicle for a set amount of time and return at the end of the contract.

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CarLease (UK) Ltd t/a CarLease UK, e-car lease and VanLease UK is Authorised and Regulated by the Financial Conduct Authority – our Firm Reference Number (FRN) is 706617.

Carlease (UK) Ltd t/a CarLease UK, e-car lease, VanLease UK and School Minibus Leasing UK is a credit broker and not a lender and will introduce you to a limited number of finance providers which have been carefully selected by us - please note that we do not provide independent financial advice. The finance providers that we use may make payment to us if you elect to enter into an agreement with them. The amount we receive will affect what you pay for your vehicle. The commission received may or may not be capped in accordance with that finance company’s policy. We may also receive an extra amount based on how much business we provide to that finance company, the types of products you take from the finance company and the quality of our service. For Regulated Customers you can ask us about the payments we receive from the finance company so long as this is in good time before the agreement is made. Failure to maintain rentals may result in the vehicle being withdrawn (this may affect your credit).

All images on this website are for illustrative purposes only and may not reflect the actual vehicle which is delivered to you. All prices shown are subject to change at any time and are subject to credit status and vehicle availability.

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