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Kingston Vehicle Leasing Limited
One Business Village
West Dock Street
Hull
East Yorkshire
HU3 4HH

Tel: 01482 651 204

Funding Options

The following information is for those companies wishing to lease a car or van in the UK.

Contract Hire for UK Companies

Contract Hire is the perfect funding solution for businesses with vehicle (car or van) leasing needs ranging from a single vehicle up to a large fleet. It remains our most popular business product because it enables customers to take complete control of one of their biggest ongoing expenses.

 

The fixed monthly cost of Contract Hire can be tailored to include a maintenance budget for even further control of your budget. Add to that the elimination of risk of the vehicle depreciating in value, and it's no wonder Contract Hire is such an appealing option.

 

With Contract Hire at the end of the term you simply contact KV Leasing to arrange the collection of your vehicle or alternatively to discuss extending your lease should you wish to.  You will never own the vehicle

 

Additional Features

¡ The vehicle appears off 'Balance Sheet' as it is owned by the leasing company

¡ We offer our customers the widest possible selection of vehicles, including every make of car on sale in the UK and commercial vehicles (up to 3.5 tonnes)

¡ Road Fund Licence is provided for the full term of the contract.

¡ There is VAT recoverability* at 50% for the finance payment of the vehicle. There is also VAT recoverability* at 100% for optional services of which maintenance is one.

 

Finance Lease for UK Companies

Finance Lease is a tax efficient finance product where you pay the entire cost of the vehicle, including interest charges, over an agreed lease period.

 

It is a popular funding option for vehicles (often commercial vehicles) where a business customer wishes to remove the risk of end of contract damage charges or excess mileage charges.

 

With Finance Lease monthly rentals are fixed and can be reduced through the use of a final "balloon" payment. This balloon payment is set at the start of the contract in line with the expected value of the vehicle based upon your length of contract and mileage needs.

 

When taking a Finance Lease contract you take responsibility for the resale of the vehicle at the end of the contract. As this is purely a funding product and not a purchase product, you will never own the vehicle, however you do receive 98% of the resale proceeds. These proceeds are typically used by our customers to offset the final balloon payment meaning you will experience any benefit or loss from this process.

 

Working with KV Leasing means you will have a highly trained expert on hand to guide you through the process of selecting the correct finance product for you. For a large number of customers Finance Lease is that product, and we will help you to understand the relevant benefits to your business.

 

Additional Features

¡ The vehicle appears off 'Balance Sheet' as it is owned by the leasing company

¡ We offer our customers the widest possible selection of vehicles, including every make of car on sale in the UK and commercial vehicles (up to 3.5 tonnes)

¡ Road Fund Licence is provided for the first 12 months of the contract, after that Network will continue to organise the RFL for you and then recharge this