Business Car Leasing 

Business car leasing, also referred to as contract hire, offers a simple and cost-effective solution for businesses to fund any number of vehicles without upfront costs. Whether you need a single vehicle or an entire fleet, Remora Vehicle Leasing provides comprehensive supply and management services.

Ideal for Limited Companies, Sole Traders, and Partnerships, business contract hire allows you to customise your lease agreement over several years, with optional maintenance packages available.

Advantages of Business Leasing 

There are a few elements that should be noted when looking at business leasing:

Minimum capital expenditure
Accurate monthly accounting
Fixed interest rates for the duration of the contract
Reduced administration
On-going advice and support with Remora Vehicle Leasing
Road Fund Licence provided for the duration of the contract
Optional maintenance package
Optional breakdown rescue cover
Optional replacement vehicle cover in event of a breakdown
Optional GAP insurance which provides cover for the shortfall between the outstanding finance and the insurance value if the vehicle is declared a write-off by your insurance company

Disadvantages of Business Car Leasing: 

There are plenty of advantages to business contract hire, but like most financial agreements there are some disadvantages to look out for:

Early termination can be expensive if required to do so. Normally 50% of the remaining contract is expected as the charge.

If you do more miles than stated in your contract you will be charged excess mileage for each mile over that stated in your contract, normally billed as pence per over mile.

You must look after the vehicle and return it in a well-maintained condition otherwise you will be charged for any damage over and above that stated in the 'Fair Wear and Tear Guide' from the BVRLA.

You must have fully comprehensive vehicle insurance.

You will never own the vehicle as there is not always an option to buy the vehicle at the end of the lease contract.