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
Personal Contract Purchase Finance company Included for the first 12 months Yes - there is a minimum guaranteed future value Yes Yes - you may have to pay an excess mileage charge and/or damage recharge.
Personal Operating Lease You the customer Included for the first 12 months 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
at the end of term?

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 Contract Purchase Finance company Yes The payments for depreciation and interest are NOT subject to VAT. Yes - included for the full term Yes - there is a minimum guaranteed future value Yes There may be excess mileage and/or damage recharge
Business Operating Lease You the customer No Claim up to 50% of the VAT on cars and 100% on commercial vehicles (subject to being VAT registered) Included for the first 12 months of the contract. 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
Business Lease Purchase You, the customer Only if registered to a business VAT can only be reclaimed if the vehicle is used exclusively for business use. Provided for the first 12 months only. The balloon payment must be paid for at the end of the contract No There may be excess mileage and/or damage recharge. You will have to pay a purchase fee to buy the vehicle

*VAT can only be claimed back by VAT registered business customers only.

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