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About business car leasing

Business leasing essentially means renting a vehicle for an agreed amount of time, typically 2-4 years, for a fixed monthly fee. If you are sourcing vehicles for a growing business, business leasing can be a far more cost-effective option than purchasing outright.

 

Road tax is included within the monthly fee, and delivery of your new vehicle is free of charge. You also have the option to add maintenance to your leasing contract, which covers the cost for any servicing or replacement tyre needs. 

 

Depending on your specific needs, there are many business leasing options available, each with its own set of benefits and factors to consider for your business.

Why choose Alphabet?

Alphabet is your trusted partner for business mobility, regardless of company size, industry, or fleet needs.

 

We offer expert guidance, innovative electric/hybrid options, award-winning service, and comprehensive fleet management to simplify mobility and let you focus on your core business.

 

With decades of experience, we provide smart, flexible, and reliable solutions that enhance efficiency, competitiveness, and sustainability. Partner with Alphabet for a true mobility ally who supports you every step of the way toward better, smarter transportation.

Got questions? We’ve got answers

Contract Hire (also referred to as ‘Operating Lease’) is a specific form of vehicle leasing. It's a long-term rental agreement that provides you with a vehicle for a fixed length of time and mileage.

 

Under a Contract Hire agreement, you pay a set monthly rental in return for the use of the vehicle. The rental cost is calculated based on several factors, including the type of vehicle, the length of the contract (term), the agreed mileage, and the estimated residual value of the vehicle at the end of the contract.

 

When your contract comes to an end, you can either return the vehicle to us or extend your contract if you want to keep using it.

 

Contract Hire is a popular way of funding company cars and business fleets.

Easy budgeting and better cash flow
With fixed monthly costs, you always know where you are financially, so your business can benefit from accurate budgeting and improved cash flow.

 

Low financial risk
The costs of ownership, like unexpected maintenance* or unpredictable resale values, rest with us, so you can plan ahead with confidence.

 

Tax and balance sheet benefits
With Contract Hire, you may be able to reclaim VAT on monthly rentals and even take your fleet off your company balance sheet.

 

Reduced capital expenditure
Buying vehicles is a significant business cost. Contract Hire can help you avoid that outlay and free up capital that you can invest elsewhere to move your business forward.

 

Save time, hassle, and resources
Managing your fleet is quick and easy. Using our dedicated online tool, everything you need to configure, quote, order, and more is at your fingertips.

 

*This only applies if you have chosen to include our maintenance package at the start of your contract. 

Contract Hire payments are tax-deductible, suiting the following criteria:

 

  • You can claim back 100% of the VAT on your rental payments if the vehicle is solely used for business purposes. If the vehicle is also used for personal journeys, then you can only claim 50% of the VAT.
  • You can offset 100% of the cost of the vehicle, depending on the vehicle's emissions. For vans, you can offset 100% of the cost, regardless of the emissions.
  • You can claim 100% of the VAT and offset 100% of the cost against your tax bill.

Your business car lease includes extras that take the hassle out of vehicle ownership. An Alphabet lease covers things such as road tax, so you don't have to worry about paying that yourself. You also get breakdown cover, so if your car ever needs emergency assistance, you're taken care of. And the car comes with the manufacturer's full warranty, so any issues with the vehicle are covered. Delivery of your car is also included, so you pick the time and place, and we'll bring the vehicle straight to your door.

 

If you want even more peace of mind, you can add a maintenance package to your lease for an additional fee. This covers things like regular servicing, tyres (excluding sidewall tyre damage), minor damage repairs, and fixing any little dents or scuffs. It's an easy way to ensure your business car is always running smoothly, without having to think about the costs. Overall, a business car lease gives you a hassle-free driving experience, with lots of extras included to make running your business as easy as possible.

If you stay within the agreed contract limits and return the vehicle to Alphabet in a reasonable condition at the end of your contract, you'll have nothing more to pay.

 

Take a look at the BVRLA Fair Wear and Tear guidelines for more information. 

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