Part of the Investec Group of Companies

0370 600 6668

micontracthire@mannisland.co.uk

How leasing works

A lease is essentially a long-term rental agreement, offering exclusive use of a car for a set period at a fixed monthly price.

As a business, this is the most cost efficient method of funding the vehicles as it takes advantage of the tax and vat regulations to reduce the whole life running cost of your vehicles and is supported by the buying power of the finance company, to assist in reducing the cost even further.

The greatest cost of running any new car is depreciation, and many new cars will lose more than half their initial value after the first three years of ownership.

Leasing explained

Leasing a car lets you avoid any unexpected costs by offering a fixed monthly payment for the term of the lease.

Unlike dealer finance or bank loans you only pay for the depreciation of the vehicle over the term rather than the full capital value.

Rather than pay large deposits you simply pay a small initial amount, usually equivalent to three monthly payments, at the start of the lease.

Then, at the end of the lease period (typically two or three years), you simply hand the car back. The job of selling the car and picking up the tab for depreciation is the responsibility of the lease company.

Contact us

Email : micontracthire@mannisland.co.uk

Telephone : 0370 600 6668

Company Address :
Mann Island Finance
Corporate Finance Solutions
5 St Paul's Square
Liverpool

L3 9SJ

Mann Island Finance Limited (MIF) is authorised and regulated by the Financial Conduct Authority for credit-related regulated activities. Business customers may not be protected under the Consumer Credit Act 1974 or the rules of the Financial Conduct Authority. MIF is a credit broker, not a lender. Registered office: Reading International Business Park, Reading RG2 6AA. Registered in England, Company Registration No.02750308. Part of the Investec group of companies. All offers are subject to change without notice and to finance approval, terms and conditions and vehicle availability. Mann Island does not endorse the suitability of any products described for particular customers. Other products may be more or less suitable, depending on the customer’s needs and circumstances.

Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.

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