LCV Business Leasing

Leasing your commercial vehicle is a cost effective option offering useful tax advantages for VAT registered businesses. It allows you to share in the profit (or loss) made on the sale of the vehicle at the end of the agreement.

Benefits of leasing

Efficient

The cost of the vehicle rental can be offset against the taxable profits of your business annually.

VAT Reclaimable

100% of VAT is reclaimable on rentals for VAT registered businesses.

Freedom to drive

With business leasing, there are no mileage restrictions, allowing you to travel freely.

How leasing works

Choose your vehicle

We have a wide range of commercial vehicles to suit your business needs and to build the perfect fleet, from the compact Proace City Electric, to the legendary Hilux.

Set your terms

Once you have chosen your vehicle, you can set your terms. Choose your required contract length and initial deposit amount, all of which will determine your fixed monthly payments.

Contact your local dealer for support in choosing the terms to suit you.

Find a dealer

Choosing the right option for your business

The key differences between full payout lease and balloon lease are the rental periods and what you would like to do with the vehicle at the end of your lease. In both types of lease the vehicle is treated as an asset on a balance sheet and the rentals can be deducted from taxable profit, dependent on the vehicle.

Choose a term from 24 months to 60 months.

You choose how much deposit you put down at the start of the agreement.

Your monthly rentals are fixed throughout the term of the agreement.

At the end of the agreement, you must sell the vehicle to a third party. You then receive 100% of the sale proceeds as determined at the start of the agreement.

Alternatively, at the end of the agreement term, you can continue to lease the vehicle at the end of the initial period, should you choose, by paying a 'peppercorn' rental.
If you exceed the agreed mileage, an excess mileage charge will be payable at the end of your agreement.

Title remains with TFSUK until the vehicle is sold, this must be to an independent third party and be organised by you.

If you fail to make the payments under your finance agreement, we will assist you in your circumstances to achieve a sustainable outcome. You may have to return the vehicle and legal proceedings may be taken to recover sums that you may owe. Missed or late payments may negatively impact your credit score and could make it more difficult for you to obtain credit in the future.

Choose a term from 24 months to 48 months.

You choose how much deposit you put down at the start of the agreement.

You offset an amount to the end of the agreement to lower the payments.

Your monthly rentals are fixed throughout the term of the agreement.

At the end of the agreement, you must sell the vehicle to a third party. You then receive 100% of the sale proceeds, once the balloon amount has been paid in full.

Alternatively, you can make the balloon payment and continue to lease the vehicle, by entering into a secondary rental period.
If you exceed the agreed mileage, an excess mileage charge will be payable at the end of your agreement.

Title remains with TFSUK until the vehicle is sold, this must be to an independent third party and be organised by you.

Following the sale of the vehicle to a third party, the proceeds must be used to pay the balloon amount in full. If there is any shortfall you will be responsible for paying the outstanding amount.

If you fail to make the payments under your finance agreement, we will assist you in your circumstances to achieve a sustainable outcome. You may have to return the vehicle and legal proceedings may be taken to recover sums that you may owe. Missed or late payments may negatively impact your credit score and could make it more difficult for you to obtain credit in the future.