Buying a company car through a finance lease

A finance lease is an attractive option for many businesses looking for a new company car. A common question regarding finance leases is exactly how they work. In this blog post, we explain the benefits of a finance lease and how it works. We also explain why tailored advice on financing is so important.

What is Financial Lease?

A finance lease is a form of financing whereby a company leases a company car or other equipment. In most cases, the financing is provided by a bank, but in some cases the company car can also be leased directly through the dealer or a finance company.

The main advantage of a finance lease is that you immediately become the economic owner of the company car (the finance company remains the legal owner until the end of the contract). As the financing is largely provided by the finance company, the business does not need to make a large investment. In addition, you benefit from various tax advantages and the monthly payment can be adjusted to suit the company’s financial situation. Another advantage is that, once the lease has been fully paid off, the company car can be sold or transferred to another company.

How does Financial Lease work?

It works in a relatively straightforward way. The financing can be provided by Mobility Financier itself. The company then pays a monthly fee for the financing. This fee comprises interest and repayment. At the end of the finance agreement, the loan is fully repaid and the company car becomes the company’s full property.

Tailored advice about financing

It is important to seek tailored advice when arranging financing. Good, tailored advice can ensure that the company secures the best possible financial arrangement. For example, the company may opt for a longer term to keep monthly repayments lower, or choose a shorter term to pay off the loan more quickly.

A good financial adviser can help you choose the right financing for your business. A good adviser takes the time to understand your business’s financial situation and can then provide tailored advice on the right financial structure.

Conclusion

A finance lease is an attractive option for many businesses looking for a company car. The main advantage is that you do not have to invest a large sum of money straight away, as the financing is largely provided by the finance company. When arranging financing, it is important to seek tailored advice. A good financial adviser can help the business choose the right financing option.

The Mobility Financier 

• Financial lease without annual figures
• Tailored advice
• Also for new entrepreneurs
• Fast and smooth approval