Welcome to Key2Lease Ltd, your reputable vehicle leasing broker based in Lincoln, Lincolnshire. With our extensive experience in the industry, we take pride in offering our clients the best possible deals on their next vehicle. Whether you're looking for a car, van, or pick-up, we have you covered.
At Key2Lease Ltd, we understand that every individual or business has unique needs. That's why we are committed to offering a wide selection of vehicles, encompassing all makes and models. Whether you have a preference for a particular manufacturer or are open to exploring different options, we can assist you in finding the perfect vehicle that aligns with your preferences and budget.
One of the key factors that set us apart is our diverse panel of funders. We work closely with a wide range of funders, ensuring that we can find the most competitive rates and flexible terms for our clients. From Contract Hire and Finance Lease to Flexible Lease and Contract Purchase, we have the expertise to cater to your specific leasing requirements.
Furthermore, our strong relationships with manufacturers enable us to secure manufacturer terms, subject to approval. These terms unlock additional discounts, allowing us to pass on even more savings to you. Our team works tirelessly to negotiate the best possible terms, ensuring that you receive maximum value for your investment.
Here is a brief description of each funding method, so you can see which would align with and be most efficient for your business.
Contract Hire
Contract Hire is a method of financing a vehicle for a set period of time and pre-determined mileage at a fixed monthly rental. It is available to both business users and private individuals.
Contracts are usually between 2 and 5 years.
Servicing and tyres (the maintenance) can also be included in the contract for a fixed monthly cost.
In the case of Business Contract Hire, there is an option for the vehicle to be purchased by an independent 3rd party.
The vehicle needs to be maintained in accordance with manufacture guidelines and the driver should ensure that it is retumed in good condition. The return standards are outlined in the BVRLA's Fair Wear and Tear guidelines.
VAT is payable on the monthly rentals. For VAT registered businesses a proportion of the VAT can be reclaimed
Contract hire agreements are effectively long term hire arrangements and ownership remains with the finance company throughout.
Finance Lease
A Finance Lease agreement offers the use of a vehicle but without ownership. Ownership remains with the funder albeit the hirer would receive the majority of any sales proceeds when the vehicle is sold.
It is for a fixed term usually between 2 and 5 years.
At the end of the contract the customer has a number of options which include extending the agreement or selling the vehicle.
This type of agreement is only available to business customers including limited companies, self-employed people and sole traders.
As part of a Finance Lease agreement you pay monthly rentals with a final payment based on the anticipated resale value of the vehicle, otherwise known as the 'Estimated Sales Value'. Contracts cannot be amended.
At the end of the Finance Lease agreement the vehicle is sold to a third party by the finance company - if the sold price is above the balance owed by the lessee, the finance company will refund the proceeds back to the hirer less any applicable charges. If the sale price is below the estimated sales value then the hirer will be liable to make a further payment to the finance company for the shortfall.
Flexible Lease
With Flexible Lease, the full cost of the vehicle is depreciated over the fixed period of the contract; otherwise known as the primary period.
As there is no estimated sales value assumption incorporated, the rentals wil be higher however the customer would have a greater equity stake at the end of the contract.
Servicing and tyres (the maintenance) can also be included in the contract for a fixed monthly cost.
Contract Purchase
With Contract Purchase, you can choose a flexible contract length from 24 to 60 months.
Contract purchase provides fixed monthly finance payments for the duration of your chosen contract.
You will have an optional pre-agreed end-of-contract ‘balloon’ payment, the amount will vary dependant on the vehicle, contract length and annual mileage.
It is possible to purchase the vehicle from the finance company for the agreed 'balloon' payment, or you can hand the vehicle back, where charges may apply for excess mileage and/or damage.
Contract Purchase offers an efficient form of funding for VAT-restricted organisations and any business running commercial vehicles.
Servicing and tyres (the maintenance) can also be included in the contract for a fixed monthly cost.
Salary Sacrifice
What is Salary Sacrifice?
It’s a scheme that enables your employees to ‘sacrifice’ some of their salary in return for a brand-new company leased car. Because the sacrifice is a deduction from an employee’s gross salary, cost savings are made on income tax and National Insurance, making the cost of leasing a car cheaper than leasing the same vehicle on a Personal Contract Hire agreement. Benefits are increased significantly for both parties if the vehicle leased is electric.
Time and money are precious resources, and we understand the importance of saving both. By choosing Key2Lease Ltd, you can streamline the vehicle leasing process, saving valuable time. Our team of experts will guide you through every step, from selecting the right vehicle to finalising the paperwork. Additionally, our commitment to securing the best deals means that you can save money in the long run.
Discover the convenience, reliability, and savings that Key2Lease Ltd can offer. Contact us today to discuss your vehicle leasing needs and let us help you find the perfect solution that exceeds your expectations.
Email: sales@key2lease.co.uk
Phone: 01522 440440