Stellantis Financial Services – Business Finance Lease

Tailor your agreement to suit your business budget

Finance Lease is becoming increasingly popular and is giving customers strong reasons to consider updating their vehicles as the rates are very attractive. Below are some key features and benefits of Finance Lease.

Overview:

• Finance Lease provides a flexible and attractive financing solution for LCV customers, making vehicle acquisition more accessible.

Key Features:

Fixed Monthly Payments:

• Helps customers manage their budgets with predictable, fixed payments.
• Payments may be subject to changes based on HMRC VAT regulations.

Off-Balance Sheet Financing:

• Financing typically remains off the balance sheet unless the business prepares accounts under full International Financial Reporting Standards (IFRS), where it would be included.
• This is especially relevant for corporate entities and local authorities.

Tax Benefits:

• Capital write-down allowances cannot be claimed on leased vehicles.
• However, rental payments can often be offset against taxable profits, depending on the accounting standards being followed. It’s advisable for customers to consult their accountant for specific guidance.

Potential for Profit on Resale:

• Customers may benefit financially from the resale of the vehicle at the end of the lease term.

VAT Reclamation:

For VAT-Registered Businesses:

• 100% VAT Reclaim is possible if the vehicle is used exclusively for business purposes, including all vans.
• 50% VAT Reclaim is available on the finance element of the rentals if the vehicle is used for both business and private purposes.

Contact our Sales Department on 01772 334006 for more information.

Terms & Conditions

Walton Summit Truck Centre Ltd is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Walton Summit Truck Centre Ltd to act as a credit broker, not as a lender, for the introduction to a limited number of lenders.

We can introduce you to a selected panel of lenders, which includes manufacturer lenders linked directly to the franchises that we represent. An introduction to a lender does not amount to independent financial advice and we act as their agent for this introduction. Our approach is to introduce you first to the manufacturer lender linked directly to the particular franchise you are purchasing your vehicle from, who are usually able to offer the best available package for you, taking into account both interest rates and other contributions. If they are unable to make you an offer of finance, we then seek to introduce you to whichever of the other lenders on our panel is able to make the next best offer of finance for you. Our aim is to secure the best deal you are eligible for from our panel of lenders. Lenders may pay a fixed commission to us for introducing you to them, calculated by reference to the vehicle model or amount you borrow. Different lenders may pay different commissions for such introductions, and manufacturer lenders linked directly to the franchises that we represent may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.