Your business uses the vehicle while paying a rental rather than a repayment. The monthly rental is determined by the initial cost of the vehicle (excluding VAT), the period of the finance lease and the residual value (the estimated future value of the vehicle at the end of the finance lease period once depreciation is taken into account), plus interest.
Although you never take ownership, at the end of the finance lease contract a payment equivalent to the residual value is payable. Usually this means that the vehicle is sold and a proportion of the proceeds of the sale are returned to the lessee.
Most finance lease companies will offer a number of payment options to suit your cash flow. You can lower the monthly rental with a balloon payment at the end of the contract, or you can pay the entire cost in monthly rentals (normally referred to as a fully amortised Finance Lease), in which case you may be able to extend the finance lease with a secondary rental (sometimes called a peppercorn rental).
The service was refreshing to say the least. Bilaal is very helpful and always comes back to you
Response back quickly, gave me options, and was polite.
Thank you for an excellent service. Everything was great and spot on.
I am so thrilled with the car! It is everything I had hoped for, so roomy especially as my son and daughter-in-law are about to have twins, so I will be able to help them lots.
Your service has been brilliant, you, in particular, have been so patient with the process. The delivery man was charming. I will absolutely recommend you to others.
The whole process was simple and smooth from start to finish, Kieran answered all my questions and left no stone unturned.
Just a THANK YOU!
Truck delivered all as promised, communication excellent.
Provided exceptional service and provided me with the Clubman at an amazing price.
I highly recommend Total Motion if you're looking to lease a vehicle at a great price. A very friendly team that were always happy to help me find the perfect solution.
Thanks a lot!
What a service, Stuart and Natasha are superb. Can't recommend these guys enough.
Service and assistance throughout process to date from Bilaal has been first class. Assuming no issues in delivery dates and spec etc then all good! Thanks for all your help and will ensure details passed on should colleagues / friends that have similar requirements
Speed of response and flexibility have been perfect throughout. Pleasure to deal with.
I had been looking at new Jaguar F-Pace for a few weeks, but the prices from other leasing companies was putting me off.
I had a good conversation with Chloe. She delivered me a quote on a basic model and the fully spec'ed up model I ideally wanted. The price was less than what I was currently paying for my current car. I sent over the order the following day! She followed everything through with me, including the changing of my personal licence plate to the delivery date.
I couldn't ask for anymore! Thank you!
Thank you so much for your exceptional efforts to ensure that I received my car today. I know that it was a tall order but I am very pleased and all went according to plan today.
I know that people often don't seem to appreciate all the work that people put into these things but please believe me when I say that I am very, very grateful.
If you have a manager that you can pass this message on to, please do so - in this day and age people always forget to say when service is good.
Thank you so much.
* 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: 0116 402 6500
Meridian Business Park
Total Motion Limited are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 669460
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Registered Office : Southpoint House, Harcourt Way, Meridian Business Park, Leicester, LE19 1WP
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