Electric Vehicle Leasing
Electric vehicles are the future of transportation, and the uptake of these vehicles is booming. Recent developments have driven down the cost of the associated technology, and forward-thinking businesses can now enhance their operations and their image by taking advantage of our electric vehicle leasing scheme.
Electric Vehicle Leasing
Electric vehicles are set to become the biggest change in daily life since the internet. Aside from the convenience and efficiency they offer, electric cars, vans, and trucks are already making a huge impact by lowering harmful emissions and reducing dependence on fossil fuels. Thanks to incentives and rapid improvements in related infrastructure, early adopters are finding that making the switch can quickly begin to enhance their lifestyle.
We have now reached a tipping point where electric motor vehicles are becoming viable for a wide range of roles. This technology is now of interest, not just to private motorists, but also to fleet managers, private hire operators, and others within the transport industries. Zero-emissions electric fleet cars and taxis protect the neighborhoods they visit, while electric vehicles can take advantage of cheap charging rates, and are free to work in Low Emission Zones.
There has never been a better time to switch your business fleet to electric, and thanks to the innovative and flexible electric vehicle finance packages available from Hard Asset Finance Solutions, funding doesn’t have to be an obstacle. Show your company’s commitment to environmental principles and start reaping the benefits today. Work with our team to find a vehicle that suits your needs.
We also have electric vehicle leasing packages designed for private motorists, contact us today to discover how upgrading to an electric car could prove more affordable than you think.
Benefits of Electric Vehicle Leasing
Asset finance is most commonly used to acquire hard assets. A hard asset is a tangible/physical asset with fundamental value that are normally held for the long term. Like recovery trucks they are often key to the businesses operations but are expensive in value. These are two of the key reasons why most businesses look to use a hard asset finance facility. There are also a range of benefits that come with this option:
Protect Cash Flow
Keep cash in the business and invest in areas that will produce a return on investment. Obtain the vehicle that is necessary for your business with little to no upfront cost.
Fixed Repayments
Perfect for financial planning and selecting a finance package that is affordable for your business.
No Large Upfront Cost
No need to invest large sums upfront, however this is an option if you wish to reduce monthly payments.
Quick Access
If you need a recovery truck urgently but don’t have the immediate cash available, finance allows you to obtain the asset immediately without having to wait for the cash reserves.
Access to Higher Spec Vehicles
No need to compromise on the vehicle you select. The difference in a newer or higher spec vehicle can often be a very small increase in monthly payments.
HAF Finance
Here we have the four agreement types used for recovery truck finance and all hard assets. Here at HAF, we will guide you through all options and help you select the most suitable for your business.
Finance Options
Hire Purchase
Hire Purchase (HP) are monthly rental instalments where at the end of the term you have the option to purchase the asset outright or simply return it. Payments can be structured to align with your cash flow which could mean a small upfront payment or larger to reduce monthly payments.
Finance Lease
A finance lease is a leasing agreement which involves renting the asset over an agreed period of 1-5 years. A popular method due to the significant tax advantages. At the end of the agreement, you have four options: Hand the asset back to us at HAF, purchase the asset outright, continue paying the monthly payments or take out a new lease.
Operating Lease
An operating lease is an agreement to use and operate an asset without the transfer of ownership. Often used for high value assets, the rental is at an agreed rate and time period. The rental will not cover the full cost of the asset, therefore at the end of the agreement a residual value is offered by the funder which allows you to buy the asset minus the lease rentals paid so far.
Business Contract Hire
Business contract hire is a popular finance option used for company cars. The vehicle is leased over an agreed period from 2-5 years. At the end of the agreement, the vehicle is handed back to the finance company. A simple agreement often used for brand new vehicles, sometimes used with no upfront fee just monthly instalments.
