Vehicle Leasing Products
Gateway2Lease offer vehicle leasing products to personal and business customers. There are a number of finance options available in the marketplace however we specifically offer leasing products as shown below. It is important that we make you aware that there are different leasing products that come with different features and benefits. See below for more information or download our demand & needs statement for each product.
Contract Hire (Personal & Business)
Contract hire is a long term rental agreement that is based on the usership of a vehicle as opposed to the ownership of a vehicle. The contract is set for a defined period of time (usually between 18 months and 5 years) and with a defined annual mileage allowance.Contract Hire is available to both personal and business customers and is known as PCH or Personal Contract Hire for individuals and BCH or Business Contract Hire for businesses.
Personal Contract Hire (Also known as PCH or Personal Leasing)
This finance option will benefit a personal individual who wants a fixed monthly cost and is seeking to eliminate the financial risk associated with disposing of a vehicle. A customer who suits personal contract hire will mainly require usership of the vehicle and would not be looking for a guarenteed option to purchase the vehicle at the end of the contract period.Key Features
- Fixed monthly rentals for the whole package, making budget planning easier
- Flexible / comparible low initial rental (note - this isn't a deposit) - typically 3, 6 or 9 monthly rentals in the first month
- Pre defined annual mileage allowance
- None of the depreciation risks associated with ownership
- Access to premium vehicles - with a personal contract hire deal, customers can often afford to lease a vehicle that may have a higher specification or market retail price
- Servicing and maintenance of the lease vehicle can be included (optional) in the monthly rentals to provide peace of mind and support budgeting.
- Road fund license is provided for the full term of the contract
- At the end of the contract, the vehicle returned to the finance provider
Click here to learn more about Personal Contract Hire
Business Contract Hire (Also known as BCH or Business Leasing)
It will benefit a customer who is seeking to remove assets from a balance sheet, eliminate the financial risk associated with disposing of the vehicle and enjoy the convenience of a full maintenance service, at a fixed monthly cost.Key Features
- VAT registered businesses may be able to claim part of the VAT back on the finance rentals and all of the maintenance rentals (if applicable)
- Fixed monthly rentals for the whole package, making budget planning easier
- Flexible / comparible low initial rental (note - this isn't a deposit) - typically 3, 6 or 9 monthly rentals in the first month
- None of the depreciation risks associated with ownership
- Pre defined annual mileage allowance
- Servicing and maintenance of the lease vehicle can be included (optional) in the monthly rentals to provide peace of mind and support budgeting.
- Road fund license is provided for the full term of the contract
- At the end of the contract, the vehicle returned to the finance provider
Click here to learn more about Business Contract Hire
Finance Lease
Finance lease is a popular funding option for commercial vehicles where contract hire is not suitable - Cars can also be financed as well.- Fixed, low monthly payments and flexible terms
- Monthly rentals can be lowered further through the introduction of a balloon rental at the end of the contract
- Although you will not own the vehicle, you would receive 98% of the sale proceeds. Where a balloon has been introduced, these proceeds are utilised to help clear the rental.
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