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Private Car Lease Agreements
Private Car Leasing works in the same way as traditional corporate contract hire with exception of the VAT, which is included within the private car lease monthly rental cost. You have the same options as other forms of lease agreements, meaning you can include any additional services you wish such as; Service, Maintenance and Repairs, Replacement Car Facility for accidents or repairs, keeping you on the road 24/7.
Consider what's on offer
Private car leases are without doubt the most popular choice for many company car driversand drivers who have been offered an option to 'opt-out' of their company car scheme in favour of taking a cash allowance. Car allowances vary from company to company so be tough with your boss, because you will need to cover the cost of running and insuring your private car lease vehicle.
Why take out a private car lease?
It simply puts you in control, whatever your circumstances. You can save thousands of £s by taking advantage of Leasesave's buying power from the acquisition of the vehicle to obtaining the very best finance package available. Simply use the vehicle for a pre-determined period e.g. 2yrs, 3yrs and set miles of 10,000 or 20,000 miles or more p.a and off you go.
Generally you will be expected to pay at least 3 monthly payments in advance, more if you wish to reduce your monthly car lease costs. Most costs incurred should be reclaimed back from your company for the mileage covered, pluyou make savings by the increase in your take home pay due to the reduction in your personal BIK tax liability (see tax guide details). Don't forget to claim any difference between the mileage rebate offered by your employer and the Inland Revenue Rate(IRR) for the use of your car for business use.
At the end of your private car lease agreement period, simply return the vehicle and Leasesave will deliver your next new car - What could be easier?