4/3/2023 0 Comments Fleex avis![]() Low up-front costs and fixed monthly payments for the whole agreement.At the end of the contract the vehicle can either be sold by the user to an unrelated third party (some funders may handle the disposal in return for a small commission) or alternatively, the user can pay the outstanding “balloon payment” and operate the vehicle under a peppercorn agreement. Providing these restrictions are met, monthly payments and interest rates are fixed for the duration of the contract. At the beginning of the lease, usage parameters for the vehicle are agreed. Your business will be able to use the car or van without facing the high upfront cost of a new vehicle, handle the administration of the vehicle, and have the assets show on your company’s balance sheet. Throughout the agreement, the vehicle remains the property of the leasing company. As part of a financial leasing agreement you can choose to pay either the entire cost of the vehicle, including interest charges, over an agreed period or alternatively, you can opt to pay lower monthly amounts with a final payment based on the anticipated resale value of the vehicle (otherwise known as the ‘balloon payment’). It offers flexibility and tax advantages to eligible companies (depending on your market and type of company) who require one or more vehicles but don’t have the accessible funds to pay up front. ![]() Hands on account management and driver supportįinancial leasing is a popular arrangement for companies needing cars, vans and commercial vehicles where Full service operating lease is not suitable.No risk or liability around residual value, sale and disposal. ![]()
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