Why Choose Finance Lease
AMI predominantly handle long-term contracts of 2 to 4 years. We know that a lot can happen to your business in that time; you need a contract that can offer different options as your situation changes.
Unlike other contracts, when you sign the dotted line you aren’t committed to one particular path. Finance leasing is far more flexible. When your contract expires, you have a choice of options available for the vehicle. When taking out this agreement, you will benefit from fixed monthly costs without taking on the hassle of administration and operating risks.
Finance Lease is not available to Private Individuals but is the preferred option for Vat registered Partnerships, Limited Companies, Self Employed & Sole Traders due to the significant tax advantages.
What Is Finance Lease?
At the start of the Finance Lease contract, usage parameters for the vehicle are agreed and providing they do not vary, monthly payments and interest rates are fixed for the duration of the contract.
A Finance Lease agreement enables you to choose to pay either the entire cost of the vehicle, including interest charges, over an agreed lease period or opt to pay lower monthly rentals with a final residual payment based on the anticipated resale value of the vehicle.
The residual can be settled either by selling the vehicle or it can be refinanced over another fixed period. At no time will you be able to take ownership of the asset.