A lease is essentially a long-term rental agreement, offering exclusive use of a car for a set period at a fixed monthly price.
As a business, this is the most cost efficient method of funding the vehicles as it takes advantage of the tax and vat regulations to reduce the whole life running cost of your vehicles and is supported by the buying power of the finance company, to assist in reducing the cost even further.
The greatest cost of running any new car is depreciation, and many new cars will lose more than half their initial value after the first three years of ownership.
Leasing a car lets you avoid any unexpected costs by offering a fixed monthly payment for the term of the lease.
Unlike dealer finance or bank loans you only pay for the depreciation of the vehicle over the term rather than the full capital value.
Rather than pay large deposits you simply pay a small initial amount, usually equivalent to three monthly payments, at the start of the lease.
Then, at the end of the lease period (typically two or three years), you simply hand the car back. The job of selling the car and picking up the tab for depreciation is the responsibility of the lease company.
Email : email@example.com
Telephone : 0161 478 4330
Company Address :
360 Vehicle Management Ltd
42 High Street
Membership No: 8160
360 VM is an appointed representative of Product Partnerships Limited which is authorised and regulated by the Financial Conduct Authority. Product Partnerships Limited’s FCA registration number is 626349 and its address is Suite D2 Joseph’s Well, Hanover Walk, Leeds LS3 1AB. Product Partnerships Limited’s permitted business is to act as a Principal for a network of Appointed Representatives who arrange regulated credit facilities for customers who are purchasing goods from them.
360 VM acts as a credit broker not a lender. We can introduce you to a limited number of lenders who may be able to offer you finance facilities for your purchase. We will only introduce you to these lenders. We may receive a commission payment from the finance provider if you decide to enter into an agreement with them. The nature of this commission is as follows: we typically receive a fixed commission of £300 per lease entered into, however, this commission may vary in certain circumstances, for example, based upon the model of the vehicle and market influences. In these circumstances, the commission will not exceed a fixed percentage of the total amount of finance advanced. You can request for us to disclose the amount of any commission received. You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations. If you would like to know how we handle complaints, please ask for a copy of our complaints handling process. You can also find information about referring a complaint to the Financial Ombudsman Service (FOS) at financial-ombudsman.org.uk
Registered in England & Wales with company number : 09533717 | Data Protection No : ZA128717 | VAT No : 211 7550 40
Registered Office : Ground Floor, Seneca House, Links Point, Amy Johnson Way, Blackpool, Lancashire, FY4 2FF
Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only. please visit the relevant Manufacture website to view the most recent and up to date spec of the vehicle. As this could differ from the information on our website. All vehicle leases are subject to credit approval and subject to change at any time. E&OE.
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