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TFS are specialists in offering a professional and reliable business vehicle leasing services to small, medium and large business or organisations. Servicing an expanding list of high profile clients since 2009 gives TFS a wealth of knowledge and experience within the business world of vehicle leasing and fleet management.
You will receive a full end-to-end broker service from helping you to choose the right business vehicle to arranging a suitable finance option and ensuring your chosen car or van is delivered safely to you in the best acceptable condition.
Unlike many other leasing brokers, TFS actively work alongside your growing requirements, offering solutions to benefit your business and managing your expanding fleet of vehicles through its nationwide network of stock vehicles and affiliated maintenance, repair and accident vehicle replacement services.
Rest assured you can take away the hassle of managing your fleet by delegating the responsibilities of your business vehicles in the safe and trusted hands of the TFS team.
If you understand the different finance leasing options below you can jump straight into searching for the business lease cars we have available or take a look at our practical business lease vans that will help you deliver a better service to your customers.
There are a number of options you can consider when looking in to leasing a vehicle for business purposes. Each option differs very slightly from one another and we have highlighted the key points to help you differentiate the reasons why they would suit your requirements with optional extras offered within our service packages should you need them.
A simple and cost effective way to fund any number of vehicles
Contract Hire, sometimes referred to as an Operating Lease, is a long term rental agreement. Contracts range from 12 to 60 months and are tailored to the businesses requirements.
The Contract Hire Company reclaims the VAT on the original purchase, which reduces your monthly rentals (which are + VAT). Contract Hire is a very popular choice for VAT registered companies as they can claim back 50% of the VAT on the finance element for cars and generally 100% for commercials (subject to no private use, no exempt turnover and not being on the Flat Rate VAT Scheme).
On contracts with maintenance the VAT on the service element is 100% recoverable. One of the major benefits is that there are no disposal worries as the future value is underwritten by the leasing company. Another benefit of Contract Hire is that it is generally 'off balance sheet funding' (subject to legislation change) which means it can improve your gearing ratio (assets to borrowing ratio) and therefore possibly your borrowing ability in the future.
Find business lease cars on contract hire available on a range of lease payment terms and allowances.
Contract Purchase (CP) is a type of finance agreement for business customers looking to fund a new vehicle in a manageable way.
The monthly payments are not subject to VAT, however if you do take out the optional service package then you will have to pay VAT on the service costs.
CP is ideal for any business that would like options at the end of its finance agreement. CP customers make an initial payment when they first take out the contract, then pay fixed monthly payments and finally have an Optional Final Payment (OFP) at the end at the end of the contract which is also referred to as the GFV (Guaranteed Future Value).
You can trade-in your vehicle at a dealership and take another vehicle from them. If the trade-in value is larger than the OFP you will be able to use the difference towards a deposit on a new Vehicle. Or, you can simply return the vehicle to the funder, as long as you have not exceeded the mileage and the vehicle is in an appropriate condition for its age there will be no charge. Finally, you can keep the vehicle either by paying the OFP in full or you will find that most companies offer the opportunity to re-finance the OFP.
Finance Lease is a popular funding option for commercial vehicles or vans where Contract Hire is not always suitable or the best option.
Your business uses the vehicle while paying a rental rather than a repayment. The monthly rental is determined by the initial cost of the vehicle (excluding VAT), the period of the finance lease and the residual value (the estimated future value of the vehicle at the end of the finance lease period once depreciation is taken into account), plus interest.
Although you never take ownership, at the end of the finance lease contract a payment equivalent to the residual value is payable. Usually this means that the vehicle is sold and a proportion of the proceeds of the sale are returned to the lessee.
Most finance lease companies will offer a number of payment options to suit your cash flow. You can lower the monthly rental with a balloon payment at the end of the contract, or you can pay the entire cost in monthly rentals (normally referred to as a fully amortised Finance Lease), in which case you may be able to extend the finance lease with a secondary rental (sometimes called a peppercorn rental).
Find the most suitable business car lease deals from our extenseive range of vehicles available in stock and apply for finance today.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
T: 0800 910 1111
TFS Vehicle Leasing
25-39 Small Heath Highway
TFS Vehicle Leasing are a credit broker and not a lender. TFS Vehicle Leasing are a trading style of Central Accident Management Services Limited and are regulated by the Financial Conduct Authority. Registered No : 461286
Registered Office : 25 Small heath Highway, Birmingham, B10 0EU | Registered in England & Wales with company number : 05927767 | Data Protection No : ZA094260 | VAT No : 896128091
TFS Vehicle Leasing are a member of the BVRLA, membership number 7066.
TFS Vehicle Leasing Are The Official Fleet Management Partner To Birmingham City Football Club.
Copyright © 2017 TFS Vehicle Leasing, All rights reserved.