This approach offers flexibility and cost efficiency, making it easier to manage company cars and vans over a typical contract period of three years or 60,000 miles.
Finance
Options
More businesses are turning to funding agreements for their vehicles instead of purchasing outright.
Do you have questions about the right finance choice for you?
CALL ME BACK
Choosing the Right Option
Purchase-Based Funding
Hire purchase or contract purchase options allow ownership at the end of the term.
Lease-Based Methods
Contract hire or finance lease options keep ownership with the provider but simplify costs and management.
Each method has unique tax implications and balance sheet impacts. It’s worth considering all factors before deciding.
Salary Sacrifice
A salary sacrifice scheme allows employees to drive a new car while saving on tax and National Insurance. It’s a popular way to provide company vehicles that reduce costs and environmental impact. GKL, in partnership with Fleet Evolution, offers tailored solutions to make implementing this scheme straightforward and hassle-free.
Find out more about our salary sacrifice schemes.
SALARY SACRIFICE
Comprehensive Fleet Consultations
A fleet consultation helps tailor a vehicle strategy that meets your business’s needs. During a 45-minute session, key factors like usage, cost, funding options, and future requirements are assessed. This personalised approach helps optimise fleets for efficiency, image, and budget.
Book a consultation with us today, no matter your fleet size.
GET IN TOUCH
Green Fleet Management
Reducing your carbon footprint through efficient fleet management is more achievable than ever. An in-depth review identifies areas to save costs while improving environmental impact, helping your business meet sustainability goals without sacrificing performance.
Contract Hire
Pay fixed monthly fees, enjoy a lower initial outlay, and avoid concerns about depreciation. Most agreements include road tax, servicing, MOT, and breakdown cover. Additional benefits are:
Improved cash flow and predictable costs.
VAT reclaim opportunities.
Fair end-of-contract terms with no surprise charges.
Other Leasing and Purchase Options
Finance Lease
Pay the vehicle’s cost over an agreed period or opt for lower monthly rentals with a final payment. Vehicles remain on your balance sheet, with rentals offset against taxable profits.
Contract Purchase
Acquire vehicles through fixed monthly payments, gaining ownership at the end of the term. This option includes capital allowance benefits and flexibility for resale.
Hire Purchase
Own your vehicle after completing agreed instalments. The loan is secured against the vehicle, and capital allowances can be claimed as a business asset.
Purchase and Leaseback
Free up capital by selling your existing fleet and leasing it back under contract hire terms. This solution simplifies vehicle disposal, reduces maintenance costs, and enables efficient budgeting.
Short-Term Car and Van Rentals
Short-term car and van rentals provide flexible solutions for temporary fleet needs or seasonal demand. Whether for a day, a week, or longer, it’s an ideal option for businesses that require quick, hassle-free access to vehicles.
Visit our car and van rental page to find out more.
LEARN MORE