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Finance lease

Finance lease is a hire agreement with features specifically designed for the business user, and if you are VAT registered there may be even more financial reasons why leasing is for you.

Once you have chosen a new car you can decide on a period of between one and four years. When the agreement ends, and subject to the terms and conditions of the agreement being met, you may arrange to sell the vehicle to a third party on VWFS behalf and may receive a rebate on the rentals.

As this is a lease, it is regarded differently to "purchase contracts" for tax purposes, enabling you to benefit from certain tax advantages. A proportion of all the rentals can be claimed as business expense against taxable profits and the proportion is dependant on the price of the car being leased.

Your financial or tax advisor should be able to advise you of how Finance Lease could benefit you.