Finance lease has many of the benefits of Contract Hire without the perceived inflexibility.
Deposit
Step 1.
Balance to fund
Step 2.
The benefits of Renault Finance Lease
- Has the benefits of ownership without being the real owner.
- Can offset the whole rental amount against taxable income.
- No mileage restriction.
- Monthly rentals are fixed but there's flexibility through variable deposit options.
- Ability to offset a proportion of the vehicle cost as a final ‘balloon payment’.
- Reduced monthly rentals result in a positive effect on your cash flow.
- Possibility of reclaiming tax relief on Renault Finance Lease rentals depending on business usage (50% VAT reclaimable on cars, 100% reclaimable on LCVs).
What happens at the end of my contract?
You will get three choices when your Renault Selections agreement comes to an end:
SELECTION 1 - SELL THE VEHICLE
We'll forward your share of the balance of proceeds to you once anything owed to us, including any sell-on expenses have been settled.
SELECTION 2 - RETURN YOUR RENAULT
Acting as our agent, you can sell the vehicle on our behalf and receive a share of the sale proceeds, assuming no balance is owed to us.
SELECTION 3 - KEEP YOUR VEHICLE
If you want to continue to use the vehicle you can pay a nominal fee (usually one month's rental) and carry on driving for the whole of the following year.
I'd like to
Because taxes are a big budget for companies
Car Tax Calculator
Our range of insurance products to complement your finance.
Renault Insurance
