Financial flexibility tailored to your individual needs
Finance Lease from GE Capital, Fleet Services combines financial flexibility with the many operational benefits of sourcing and disposing vehicles through the world’s largest fleet services company. Finance Lease simply allows you to financially engineer the most suitable financing package for your fleet.
The flexibility for you to choose with the benefits of scale
Finance Lease offers the opportunity to create the most suitable financing package for your fleet matching your cash flow requirements via a choice of payment methods; enabling rentals to be structured down to a specified balloon payment (predicted future market value) or down to zero at the end of the lease period (fully amortised). You’ll also benefit from our impressive global sourcing leverage, VAT recovery and the highest vehicle disposal values.
The built in benefits of finance lease
- Minimise your capital outlay – releasing resources to your core activities
- Highly competitive variable or fixed interest rates
- A Pan-European fleet of 350,000 means that vehicles are sourced using the expertise, leverage and power of GE Capital
- Government legislation means that you can recover 50% of the VAT on the capital element of the lease payments (subject to your own VAT recovery rate)
- Eliminate complex Corporation Tax calculations for self-owned fleets
- Offset rentals against profits for Corporation Tax purposes
- Maximise vehicle disposal proceeds using GE Capital expertise
- Gain total flexibility of contract duration
- Suffer no excess mileage penalty or end of contract charges
Choosing the best option
Variable or fixed interest?
Either fixed or variable interest rates can be chosen to best suit your business operation and outlook, whilst monthly repayments can either be fixed over the expected contract length or re-calculated annually, limiting interest charges in the event of a vehicle’s contract being terminated early.
Fully amortised or balloon lease?
A fully amortised Finance Lease means that the entire capital value is repaid in equal monthly amounts over the agreed period with all sale proceeds at the end of the agreed term being repaid as a rental rebate.
A Balloon lease recognises the influence of the vehicle’s residual value in the funding calculations. The balloon amount can be chosen as either a fixed amount, or as a percentage of the purchase price with the capital element of the monthly rental being based on the difference between the original price of the vehicle and the agreed balloon.
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