Finance Lease offers end contract flexibility, for those customers who might like to retain the vehicle. Finance Lease combines many of the benefits of Contract Hire and Lease Purchase. A finance lease is a VAT-efficient method of financing a vehicle that is usually accessed by VAT-registered companies.
Because it is a hire product, VAT is paid on the rentals which can help cash flow.
Once payments have been completed, the hirer can sell the vehicle to a 3rd party and retain 100% of the sales proceeds.