Business Car Leasing Deals

Also known as a Business Contract Hire agreement, business car leasing works fairly similar to personal car leasing (Personal Contract Hire) in its essentials, except that it's your company details that go on the lease contract rather than your own personal details.

How Do I Apply for a Business Car Lease?

1. Choose a brand new car

2. Tailor the lease terms for your preferred annual mileage, initial payment amount, contract length and monthly budget

3. Enquire by clicking 'Get my quote' or the Call icon

4. Let our trusted leasing partners finalise your lease contract

5. Drive and enjoy

Benefits of Business Car Leasing

✔️ Fixed monthly payments

✔️ Flexible contract

✔️ No depreciation worries

✔️ Access to the latest models (brand new car)

✔️ Reclaim Tax and VAT

Find out more about the benefits of business car leasing.

Are Business Car Lease Payments Tax Deductible?

There are some great tax implications when it comes to a business car lease.

If you use the business lease car exclusively for business use, you'll be able to claim back 100% of the VAT. Or if you use the car for both business and personal use, you'll be able to claim back 50% of the VAT. Either way, that's quite a saving.

In addition, the fixed monthly payments on your business car lease will be classed as ‘off-balance sheet’, meaning they won't be shown as an asset or as a liability – so you won't look any worse off to investors looking to fund your business.

What Happens at the End of my Business Car Lease Agreement?

At the end of your business car lease agreement, you simply hand the business vehicle back.

Done. No tricky decisions on whether to make a final balloon payment, no hassle of having to sell the car on.

Your vehicle will be inspected and collected, and as long as no excess miles have been accrued or the vehicle damaged beyond fair wear and tear guidelines, you'll have nothing left to pay.

Looking for Business Fleet Leasing?

Managing a fleet of vehicles isn't easy, but at LeaseLoco we are ready to meet your fleet needs. Whether you need a smaller fleet for a startup or a smaller business, or you're a larger corporation looking to grow further, our fleet leasing platform sources leasing deals from leading UK providers and delivers them straight to you. Built your fleet lease order with one simple form and get what you need.

Lease with LeaseLoco

Sound good?

Then choose from the business car lease deals below and take your business further.

FAQs about Business Car Leasing

Is it worth leasing a car through my business?

There are some great perks in terms of tax advantages and business car lease tax, and being able to reclaim some or all of the VAT on the monthly payments. You can reclaim up to 100% of the VAT if the vehicle is used for business purposes only, or up to 50% if the vehicle is used for both business and personal use. Either way, that can be quite a saving.

Who is eligible for a business car lease?

Business car leasing is an option for sole traders, limited companies (Ltd.), VAT-registered companies, private limited companies, public limited companies, partnerships and charities. If your business does not fall under one of those categories, then you may still be eligible business car leasing. Our leasing partners will be happy to advise you further.

Is it easy to get a business car lease?

As long as your business is actively trading and has a reasonable credit profile, approval can often be quick. You’ll typically just need to provide some basic business details, and a credit check will be carried out. Newer businesses or those with limited credit history may face a few more checks, but options are still available. Being able to provide a director’s guarantee may help with approval.

Who is responsible for insurance?

Perks such as road tax and the manufacturer warranty do come included with a business car lease, but insurance is something that will need to be arranged separately by yourself. The insurance certificate should be in the company name or a director's name.

Can you lease a car if you own a business?

Yes, if you own a business, you can lease a car through a business car lease agreement. This is because business car leasing is available to limited companies, sole traders, partnerships, and LLPs. Your lease will be taken out in your business name, and payments will typically be made from your business account.

Can I Lease a Car as a New Business?

Yes, it’s possible to lease a car as a new business, though having a strong credit score and at least a few months worth of trading history is generally preferred. Lenders may like to see bank statements, management accounts, and a strong personal credit score from the director. If you are a new business and don’t have access to any of those, then you may be asked to provide further information such as a director's guarantee.

Find out more about new business car leasing