Renault Finance
Finance lease
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
