Finance lease is a funding option which will appeal to companies that have concerns about end of contract charges such as excess mileage or wear and tear.
Finance Lease rentals are calculated using a conservative residual value (balloon payment) for the vehicle.
The residual is agreed between you the customer and Bussey Vehicle Leasing, with the assumption that when disposing of the vehicle at the end of the contract the sales proceeds will cover the balloon payment. You can set the residual as low as £1, of course this will increase the rentals, but when the vehicle is sold you will receive 97% of the proceeds above the balloon payment.
As long as the balloon payment is met then there will be no other charges to you.
Remember the better the condition of the vehicle the higher the proceeds are likely to be and therefore the greater the return to you.
You can never own the vehicle but should you wish to extend the vehicle then as long as the balloon is paid you can retain the vehicle on a peppercorn rental.
Maintenance packages are available, but please be aware that they will attract excess mileage if you exceed the agreed mileage rate.
Please contact us for further information or a no obligation quotation where we will provide quotes on any vehicle with various balloon payments for you to compare.