Mercedes Benz Charterway

Operating Lease

Your vehicle is hired to you for a fixed period. Monthly payments are calculated on difference between the initial value of the vehicle and its projected residual value, plus finance charges. This means only a proportion of the vehicle`s value is repaid, which avoids a large initial outlay.

At the end of the agreed period you simply return the vehicle. This frees you from additional costs (excluding any excess mileage or damage charges).

Benefits for your business:

Use of vehicle without a large capital outlay
Improved cashflow with fixed monthly rentals
VAT reclaimable (depending on usage)
Off balance sheet finance
Rentals allowable against taxable profits
Reduced monthly rentals
No worry or risk at the end of the agreement as you simply give the vehicle back