Finance product suitability
Here at Gateway2Lease, we have created two simple comparison tables to make it easier for you to select the right finance product to suit your individual needs. Below you will find a list of the finance products that we offer for both personal and business users.
Remember you can click on the product name to find out more information on each.
Leasing Products - Personal Customers
Product name |
Who is the registered owner? |
Road tax included? |
Option to purchase at the end of term? |
Maintenance package available? |
Any end of contract charges? |
|---|---|---|---|---|---|
| Personal Contract Hire | Finance company | Included for the full term | No guaranteed option | Yes | There may be excess mileage and/or damage recharge |
Leasing Products - Business Customers
Product name |
Who is the registered owner? |
Asset on balance sheet? |
VAT treatment |
Road tax included? |
Option to purchase |
Maintenance package available? |
Any end of contract charges? |
|---|---|---|---|---|---|---|---|
| Business Contract Hire | Finance company | No as a leased vehicle is not counted as an asset. | *Claim 50% of your VAT on payments and 100% of VAT on maintenance costs. | Included for the full term | No guaranteed option | Yes | There may be excess mileage and/or damage recharge |
| Business Finance Lease | Finance company | Yes | Claim up to 50% of the VAT on cars and 100% on commercial vehicles (subject to being VAT registered) | No, it is your responsibility | No - vehicle is either sold to a third party or pay the outstanding balloon payment and operate the vehicle under a peppercorn agreement | No | No penalty charges for additional mileage or damage at the end of the agreement |