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Finance Lease

Finance Lease gives you the advantage of running a fleet without having to purchase the vehicles. At the end of the lease period you would sell the vehicle to an independent third party and retain up to 98% of the sale proceeds.

This refund provides an excellent opportunity to fund the deposit of your next vehicle.

There is no large initial capital outlay leaving your capital free for more productive purposes. Fixed rental payments offer protection against inflation.

Compass purchase the vehicle of your choice, having agreed on the lease term, the monthly rental and a mutually acceptable residual value.

On termination of the contract, the vehicle can be sold, either by you or by Compass , and the proceeds offset against the residual value written into the lease. Should the proceeds exceed the residual value, you will receive the excess as rebate of rental.

Services included in Finance Lease:

  • Free sourcing and delivery of your vehicles.
  • Free collection and sale negotiation of your vehicle at the end of your contract.

Services which can be included:

  • Fulton vehicle maintenance package covering all routine servicing, mechanical repairs and maintenance e.g. tyres, exhausts and batteries
  • Relief vehicle and recovery service.
  • GAP insurance and motor insurance.

The Benefits:

  • Compass fleet purchasing power on all makes of vehicles.
  • Costs paid from income not capital.
  • Fixed monthly rentals for the duration of the contract.
  • The leasing company is able to reclaim all the VAT on the purchase price of the vehicle which is reflected in much lower monthly rentals to you, the customer.
  • Minimum initial expenditure, typically three months in advance.
  • No capital tied up in a depreciating asset.
  • Rentals allowable against tax.
  • For new cars and VAT qualifying used cars, assuming some personal use, the current legislation allows you to reclaim 50% of the VAT on your monthly rental against your VAT liability. The other 50% can be offset against taxable profits.
  • For non VAT qualifying cars and commercial vehicles current legislation allows you to reclaim 100% of the VAT, and offset 100% of the monthly rental against tax.
  • Flexible lease terms.
  • A residual value (balloon payment) can be included in the lease thereby reducing the monthly rentals.

Network is the highly successful and rapidly growing franchise division of the LeasePlan Europe's largest fleet finance company and a member of the ABN AMRO Banking Organisation, one of Europe's largest banks.
Offers of the Month
Chrysler Voyager 2.8CRD Executive Auto
Chrysler Voyager 2.8CRD Executive Auto
£249.99 per month (2 year contract)
More Details >>>
Nissan Qashqai 1.6 Visia Petrol
Nissan Qashqai 1.6 Visia Petrol
£199 per month plus VAT
More Details >>>


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Established 15 Years UNIT B1 CAIRO PLACE PENNER ROAD HAVANT HAMPSHIRE PO9 1QN
TEL: 08700 730 700 FAX: 08700 730 701 		BVRLA Member