First Call has a collective experience of over 40 years in the New Car Lease industry. Our prime directive is to ensure the lowest possible Company Car leasing rates with the leading brands in the uk, whilst providing a professional service.
We do this through a series of different methods but primarily by dealing direct with the manufacturers, such as Mercedes Leasing and Audi Leasing, essentially cutting out the middle man and the overheads of advertising and garage/showroom costs this means we can lease a car to you cheaper as you get all of the discounts passed directly down to you.
We are one of the UK’s fastest growing lease car companies and being recognised for this has meant that we have been able to forge good, strong relationships with the vehicle manufacturers, suppliers and financial bodies meaning even more discounts and allowing us to guarantee the Best Business Car Leasing rates available.
We can offer all of the following funding facilities to suit your requirements:
- Business Car Leasing
- Business Van Leasing
- Personal Car Leasing
- Lease purchase
- Finance lease
- Personal contract purchase
- Personal contract hire
- Van contract hire
We also offer FREE UK mainland delivery for all vehicles that we offer, along with a Full manufacturer’s warrenty.
So why Lease a Car? Read our benefits of Business Car leasing and Personal Car Leasing below:
There are a number of varieties of leasing a Car, but contract hire is the dominant type used in the UK. Here are the main business benefits:
1. Fixed monthly costs
Contract hire is a fixed-cost form of motoring. For a set monthly payment, you get the use of a vehicle for an agreed duration and mileage that suits your business. The fee takes into account the vehicle's price when hired, its forecast mileage during the contract hire and its estimated residual value at the end. As long as you have not exceeded the mileage and the vehicle is in a fair condition, you just return it at the end of the contract, with no further cost. For an extra monthly fee, you can ask your contract hire company to take care of nearly every hassle associated with car ownership, whether it is maintenance, servicing or replacement vehicles.
2. No Risk or Depreciation
Most vehicles will lose value from the moment they leave the showroom. In a contract hire deal, you return it to the leasing company at the end of the contract period, and they take the residual value risk. If you include things like maintenance and servicing, you are also protected from any unseen rise in these costs.
3. Free up capital
Leasing a vehicle instead of purchasing, particularly in business car leasing means you are not tying up capital in a rapidly depreciating asset. You can invest the money that you are not paying upfront in growing your business or reducing debts.
4. Claiming VAT
VAT is 100% reclaimable on the cost of a vehicle when it is solely used for business, so if you take out a Business Car Lease you can cliam the VAT back and offset the remaining balance depending on Co2 emissions. The situation is different if a vehicle is also used privately, You can only reclaim 50% of the VAT charged on the Business Car Lease and still offset the remaining payments against you tax bill. Another benefit is the fact that the leasing company that owns the contract hire vehicle can reclaim the VAT on it (because they are solely using it for business) and pass this on in the form of a reduced rental rate.
5. Off balance sheet funding
Vehicle leases do not have to be shown on a balance sheet, which will improve a company's liquidity ratio, gearing and return on assets.
6. Purchasing power
While your business may have a fleet of ten, fifty or even a few hundred vehicles, leasing companies are used to buying thousands each year. They can negotiate great deals with manufacturers and pass the savings on to you in the form of a very competitive leasing rate.
If you have any more questions about us or about the services we offer then just give us a call or email us now.