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Business Car Leasing
Whether you’re considering a new business vehicle for yourself, fleet solutions for your company or even opting out of a salary sacrifice car scheme, business van and car leasing from Select provides all UK companies with unrivalled car lease and business contract hire solutions, from sole traders and partnerships right through to the largest businesses and corporations.
UK's most trusted car leasing company
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The UK's largest leasing company
Leasing all leading makes and models
Affordable car lease deals
Industry leading competitive rates
Business Car Leasing Explained
Select are the industry’s business vehicle leasing experts.
We provide market-leading guidance and support for your next car or van, whatever your business or trade. Providing our customers with the best company car tax allowance options, we have access to all leading makes and models of cars and commercial vehicles.
Tax efficient and with minimal capital expenditure for any organisation, take a look below at some of the key benefits to leasing business vehicles.
Benefits of business car leasing
Fixed Monthly Payment
Leasing offers fixed cost motoring, which improves cash flow and offers peace of mind for business users
Minimal Capital Expenditure
With low monthly rentals and low initial outlay, leasing offers minimal capital expenditure for businesses looking to drive new vehicles
No Depreciation Risk
Most cars lose between 50-60% of their value during the first three years. But when you lease, the risk is taken on by the vehicle funder instead
Cost Effective
Over the same period, car leasing is usually the most effective option to drive a brand new car or van
Simply hand back the keys
Avoid the hassle and disappointment that comes with selling your vehicle privately. Simply hand back the keys and lease again
Drive a new car regularly
As most leases only last a few years, you can regularly upgrade your car while enjoying all the latest tech
VAT recoverable
100% of VAT is recoverable if the vehicle is solely for business use, or 50% if the car has some private usage
Full Warranty
For added peace of mind, all vehicles come with a full manufacturers' warranty that typically covers the full period of your lease
What Is Business Contract Hire?
Suitable if looking for 1 to 9 vehicles
Business contract hire is a form of vehicle leasing that is most suitable for business owners, sole traders, partnerships and limited companies. Business contract hire is also known more simply as 'contract hire' or 'business car leasing' All of these terms are interchangeable.
Much like personal contract hire (aka personal car leasing), with business contract hire you will pay for the use of the vehicle over a period of either 24, 36, or 48 months. The process is very simple - you choose your vehicle online, speak to one of our friendly leasing consultants and when ready your vehicle is simply delivered to your door.
At the end of your contract you simply return the vehicle to the finance company, just as you do with personal car leasing. Business contract hire allows you to change your car regularly and avoid the risk of vehicle depreciation, giving you peace of mind motoring.
Our Bespoke Fleet Solutions
Suitable if looking for 10 to 49 vehicles
With more than 10 years’ experience in business fleet management, Select’s flexible approach means there’s a fleet solution for all companies, whatever their needs.
Whether you’re looking for state-of-the-art fleet software to enable you to manage your fleet in-house, or if you’re looking to outsource your fleet management entirely, we’re here to help.
We’re specialists when it comes to fleet electrification, too, helping firms slash fuel costs while reducing their carbon footprint.
And with the most competitive vehicle leasing rates in the market, we’ll drive your business forwards into the future.
Fleet Management
Are you a business running over 50 vehicles?
Managing a larger fleet of vehicles can be a complex affair, steered by taxation rules, industry trends, electrification targets, and efforts to reduce cost.
And that’s where Select comes in. With more than a decade’s worth of experience in the field, we offer expert fleet consultancy, fleet management and ongoing fleet auditing to give you real peace of mind in your fleet decision-making process.
Select’s approach is simple: to give the customer a seamless, hassle-free fleet management experience that delivers real-world financial results.
After all, no-one wants to put the brakes on their bottom line when it comes to their fleet of vehicles.
Helpful questions about business car leasing
Business car leasing, sometimes known as business contract hire, is a method of car finance where you pay a simple fixed monthly payment for the use of vehicle(s) over an agreed period of time, most commonly 2-4 years. In simple terms, a business car lease is one of the most affordable ways for you and your employees to drive a brand new car, helping you put your company’s money to best use.
With fixed monthly fees and no unforeseen hidden extras, business car leasing allows you better control over your business’s automotive outgoings. Financing your vehicles through a business car lease helps by freeing up your business capital for other projects, whether that be additional employees, offices, new technology or machinery. You also avoid the responsibility of vehicle depreciation, you can claim lease payments as well as VAT costs too. Furthermore, your staff are always driving the latest vehicles, helping both the company’s brand image and by driving new you are also ensuring your employees are in the most technologically advanced and safest vehicles.
Businesses of all shapes and sizes can take a business car lease, including sole traders, partnerships, limited liability and public limited companies, as well as charities. Alongside a credit check, you simply need to be currently trading and demonstrate suitable income and/or profit level.
If the car is used only for business, you can recover up to 100% of the VAT. If there’s some private use, 50% can still be reclaimed, and the same goes for servicing costs, fuel, or your mileage.
With business leasing you only pay for the depreciation of the vehicle, allowing you to avoid the larger initial sum required if you’re buying outright or the outstanding end of agreement costs and hassle associated with alternative finance methods such as personal contract purchase (PCP). Business leasing also puts more premium vehicles within the reach of many more drivers, as, relatively speaking, these vehicles often command highly affordable monthly fees. At the end of your contract, you can avoid the hassle of selling an old model or fleet – instead you simply hand back the keys and take a new lease.
A business car lease deal includes things such as road tax, breakdown cover, manufacturer’s warranty and free UK delivery to your door. Maintenance packages can be easily added to all contracts for an additional fee, providing coverage and peace of mind on things like servicing, minor damage, scuffs as well as minor dents.
