In this edition of Fleet Matters, we prepare for the abolition of the tax disc, and take a closer look at our Remarketing Department. More
The key difference from contract hire is that finance lease rentals are not dependent on a predetermined vehicle life cycle and hence residual value. You may repay the entire capital cost of the vehicle plus interest over a period of time up to 4 years (cars) and 7 years (vans) or may agree a balloon payment to match the vehicle depreciation profile to reduce the monthly rental.
Whilst ownership will always remain with Fleet Hire you will have full operational control over the vehicles and in return for acting as our vehicle buying and disposal agent you will enjoy 95% of any net sales proceeds you are able to negotiate.