Funding Options

Chelsea Lease offer a range of options for those looking to hire or lease.  If you would like further information, please contact us using the enquiry form.
For help deciding on the best funding method to suit you,  refer to the table below which shows all the benefits of each option available.

Meeting Your Requirements
 Contract Hire
 Contract Purchase
 Hire/Lease Purchase
 Finance Lease
 Personal Leasing
 Outright Purchase
VAT recoverable on monthly rentals
 a *
     a *
    
FINANCE/TAXATION ISSUES
            
Accurate monthly budgeting
 a
 a
 a
 a
 a
  
Improved cash flow
 a
 a
 a
 a
 a
  
Minimum capital expenditure
 a
 a
 a
 a
 a
  
Fixed interest rate
 a
 a
 a
 a
 a
 N/A
Capital allowances available
   a
 a
   N/A
 a
Rental allowable against taxable income
 a
     a
 N/A
  
Ownership of vehicle #
   a ##
 a
   a ##
 a
VAT chargeable on rental
 a
     a
    
VAT recovered on purchase cost and passed on to customer in lower rental
 a
     a
    
No depreciation risks
 a
 a
     a
  
VEHICLE RUNNING REQUIREMENTS
            
No vehicle disposal problems
 a
 a
     a
  
Reduced administration
 a
 a
 a
 a
 a
  
On-going advice/support
 a
 a
 a
 a
 a
  
Road fund licence provided
 a
 a
     a **
  
Breakdown rescue cover
 a
 a
     a
  
Replacement vehicle in case of breakdown
 a
 a
        
Fixed charge Maintenance ##
 a
 a
     a
  
VAT chargeable on services
 a
 a
   a
 a
  
VAT recoverable on services
 a
 a
     N/A
 a

* Only 50% of VAT relating to the finance element is recoverable if privately used, 100 % if only business use. 100% of the service element VAT is recoverable if business use.

# At the end of contract with financing products.

## Optional