The vehicle is leased for a fixed period with low monthly rental payments. Monthly rentals are allowable against taxable profits and VAT is reclaimable, depending on use*. At the end of the agreement, the vehicle is returned and there are no additional costs on the return of the car, assuming there has been no damage or excess wear and the agreed contract mileage has not been exceeded. When the monthly rental rates are produced, a Guaranteed Future Value (GFV), i.e. the value of your car at the end of your lease term, is calculated. This enables us to keep the monthly rental as low as possible.

* Please speak to your tax advisor about your specific situation