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Renault Finance

Finance lease

Finance lease has many of the benefits of Contract Hire without the perceived inflexibility.

Deposit

Step 1.

You tell us how much deposit you would like to pay.

Balance to fund

Step 2.

Your salesperson will calculate your monthly payment based on the remaining amount to be financed on the vehicle.
Renault Finance Lease

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.

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Renault Finance

Because taxes are a big budget for companies

Car Tax Calculator

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Our range of insurance products to complement your finance.

Renault Insurance