Through our website we offer a full choice of cars and vans with competitive leasing and contract hire quotations available day or night. We constantly research the marketplace and are competitors to bring you the best cars and vans at incredibly low prices. If you cannot find what you are looking for then give us a call or send us an e-mail and we will be happy to provide a quotation.
Our car leasing and van leasing products are outlined below:
This is an Operating Lease without maintenance or servicing. It is a simple and straightforward facility that can offer some businesses an efficient package that lets you retain control of your own vehicle servicing and maintenance.
A vehicle on an Operating Lease can be classified as "off balance sheet" for accounting purposes, therefore offering advantages to your business by improving its financial ratios (gearing).
As it is an Operating Lease your finance rentals can be offset against taxable profits. If you are VAT registered, you can reclaim 50% of the VAT on the finance element of the rentals if the vehicle is used privately, or 100% if it is used exclusively for business or is a commercial vehicle.
After you have paid your regular fixed monthly rentals for the fixed period, at the end of the agreement you simply hand the vehicle back.
Finance Leasing can be one of the most cost effective options, if you need full use of a vehicle for minimum outlay but do not require final ownership.
By leasing your vehicles through Banco Fleet valuable savings can be made. A Finance Lease can be extremely flexible. Rentals can be paid monthly, quarterly or annually throughout the lease period (usually 2 to 5 years). The initial deposit is normally expressed as monthly rentals in advance and a final lump sum balloon payment (sometimes called a residual value) is usually included. This has the effect of reducing the amount of the monthly rental, thereby aiding cashflow.
The rentals can be offset against taxable profits. If you are VAT registered, 100% of the VAT payable on the rentals can be reclaimed for any commercial vehicle or car used exclusively for business purposes. 50% of the VAT can be reclaimed for a car used for both business and private mileage.
At the end of the lease the vehicle is sold and the sale proceeds (less a nominal sum) are refunded to you as a rebate of rentals, which attract VAT. Due to its low initial outlay, fixed costs throughout the rental period, excellent tax efficiency and flexibility, Finance Lease is favoured by many business users.
This is similar to hire purchase but has greater flexibility.
The initial deposit is normally expressed as monthly payments in advance and is much lower than traditional HP, and a final lump sum or balloon payment (sometimes called a residual value) is usually included. This has the effect of reducing the amount of the monthly payments, thereby aiding cashflow.
The tax and financial benefits are the same as hire purchase, but the payments can be structured to suit a businesses particular cashflow needs.
After making the balloon payment, ownership of the vehicle can be taken, or it can be part exchanged - using any surplus equity towards a deposit for a new vehicle.
All our finance products are provided through our partnerships with the UK's largest vehicle management banking groups including Lex Vehicle Leasing, Lombard Vehicle Management and Network Vehicles Limited.
Choose from any make or model of car or van through our nationwide vehicle supply network. All our vehicles are sourced through the respective manufacturer's dealer network and therefore every vehicle includes the full manufacturer's warranty and breakdown assistance. All vehicles include Free UK mainland delivery.
Because of our fleet buying power, our customers reap significant savings and have direct access to a range of cost effective funding and service solutions.
After sales care - Here at Banco Fleet we want to deliver a long standing relationship with you. So any after sales advice you need, no matter how trivial you think it may be, we are always on the end of the phone. And if we can't answer the question we will find someone who can.
Banco Fleet Ltd is registered in England and Wales
Registered Number - 6699998
Vat Number - 939 5379 68
Registered Office - Banco Fleet Ltd, Marine Drive garage, Marine Drive, Barton On Sea, New Milton, Hampshire, BH25 7DZ
In partnership with:
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
T: 0844 993 4508
F: 0844 993 4509
Banco Fleet Ltd
Marine Drive Garage
Barton On Sea
Banco Fleet Ltd are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 619366
Registered in England & Wales with company number : 6699998 | Data Protection No : ZA280165 | VAT No : 939 5379 68
Registered Office : Banco Fleet Ltd, Marine Drive garage, Marine Drive, Barton On Sea, New Milton, Hampshire, BH25 7DZ
Copyright © 2019 Banco Fleet Ltd, All rights reserved.