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Business Car Leasing
Drive a brand-new car every few years while saving money through tax advantages and fixed monthly payments when you choose from our best business car lease deals.Business Best Car Lease Deals
Find the best deal on your brand new car.
Business Car Lease Deals From Vanarama
With almost 20 years’ experience in leasing cars, vans and pickup trucks, you’re in safe hands. Since 2004, our dedicated experts have been finding the best lease deals for personal and business customers.Find The Perfect Company Car
We offer a range of makes and models, from comfortable saloons for travelling between clients to vans for moving stock. Choose from the most popular models, like the Tesla Model 3 and the BMW 3 Series.
If it’s a van you’re after, we also offer Business Contract Purchase and Business Finance Lease options, giving you even more ways to drive a brand-new van. Find out more about our van finance options, or get in touch with the team to chat through the choices.
Why Choose Business Leasing?
Business car leasing, also known as Business Contract Hire, with Vanarama offers a range of brand-new cars for fixed monthly payments, with considerable tax advantages. To be eligible, you must be leasing as a small- or medium-sized enterprise (SME), sole trader, partnership or limited company.
All agreements are tailored to you and your budget, including your contract length, upfront initial payment and annual mileage, before the car is delivered to your door. And without the worry of depreciation, you simply hand the car back to us at the end of the agreement.
If you’re within the agreed mileage and fair wear and tear guidelines, you’ll have nothing more to pay – at that point, you can walk away or upgrade to your next new car with Vanarama.
Popular Business Lease Cars
How Does Business Car Leasing Work?
Find your ideal vehicle from our extensive list of makes and models, covering everything from small city cars like the Volkswagen Polo to the most popular electric cars, such as the Tesla Model 3. Our Help Me Choose is also available to help narrow your search – with options for both business and personal leasing customers.Claim Back VAT
As a business lease customer, you can claim back 50% of the VAT if the car is also used for personal driving, or the full 100% if it’s used solely as a business vehicle. Also, lease vehicles don’t factor into your balance sheets, as Business Contract Hire (the official term for business leasing) is more like renting than buying outright. You can find the answer to more business leasing queries in our FAQs below or read our complete Business Contract Hire guide.
Simply Return The Car
At the end of an agreement, just hand the car back to us. You’re free to walk away without anything extra to pay if you’re within agreed terms on mileage and fair wear and tear. However, even the VAT costs of excess mileage and maintenance packages can be claimed back. Then, you can upgrade to another car through us.
Benefits Of Your Business Lease
Business leasing offers all the benefits of personal leasing, such as fixed costs and tailored agreements, but also adds tax-saving incentives.
- No Surprise Costs
Monthly payments are fixed for the duration of the agreement, and there are no balloon payments or admin fees when the lease ends as the car is returned to us.
- Save On VAT
If the company you lease through is VAT registered, you can claim 50% VAT back if the car is used for business and personal use, or the full 100% if it’s business use only.
- Protected Capital
As leasing is a form of credit, and not buying, your lease costs are kept off the balance sheet – freeing up your money to be invested elsewhere.
- Worry-free Motoring
Vanarama also offers maintenance packages, covering the cost of servicing and MOTs for cars three years old and above. This is spread across your monthly payments, and you’re also able to claim back on the VAT.
Why Lease An Electric Car For Your Business?
With the Benefit-In-Kind tax capped for electric cars at 2% until 2025, there are big savings to be had by choosing business contract hire deals on an electric car.
Range anxiety is also much less of a concern now thanks to big advances in electric car capability. Plenty of cars such as the Skoda Enyaq and BMW iX offer ranges in excess of 300 miles from a single charge. That’s more than enough for even the longest commute.
Business Leasing FAQs
You must be leasing through a business, such as an SME or partnership. Take a look at our step-by-step guide on how to lease a car through your business, or get in touch with our friendly team who can run you through the eligibility, and advise whether a business or personal lease is most suitable for you.
If you’re taking out a lease as a small- or medium-sized enterprise (SME), sole trader, partnership or limited company, it’s likely you’ll be accepted for a business lease.
Many of the benefits of leasing are shared across business and personal deals, but business leasing also has the incentive of tax savings. If your business is VAT registered, you can claim back on the VAT costs of the monthly payments, maintenance packages and even excess mileage.
For more information on both personal and business car leasing, take a look at our easy-to-understand leasing guides.
Business lease deals are usually cheaper than personal, as the latter are subject to VAT rates. Those eligible can claim back 50% of VAT costs if a lease car is used for personal and business journeys, or the full 100% if it’s for business only.
This is the official term for business car leasing – a form of leasing that’s suited to those taking out a deal as an SME, sole trader, partnership or limited company, rather than an individual. It’s referred to as a hire as the car will always be returned to us at the end of a deal.