Fleet Products

View Our Full Range Of Fleet Products

Often businesses use the same acquisition method for all of their fleet requirements and this can be an area where inefficiencies occur. Choosing the right product can be complex as there are many factors to consider but we are here to help.

Select Your Vehicle Type:

Cars Vans
  • Off Customer Balance Sheet*
  • Transfer of Risk and Reward to Lessor
  • Utilise 3rd Party Funding
  • VAT Recovery on Capital - Car 50% (unless exclusive business use), Van 100%
  • VAT Recovery Vehicle Services
  • Capital Allowance Claims by Customer
  • Lease Rental Restriction
  • Employee Company Car Benefit in Kind (BIK)

(i) On Customers B/S (Can be structured to be off B/S)   (ii) Employee has title in the asset   (iii) 0% VAT recovery (paid by the employee)   (iv) Ability for customer to benefit from upside risk

* New IFRS 16 rules apply for publicly quoted firms that report to the IFRS and Public Sector, see product details pages for more details

* New IFRS 16 rules apply for publicly quoted firms that report to the IFRS and Public Sector, see product details pages for more details

Questions To Think About

FAQs About Our Fleet Products
How important is having certainty when managing your Fleet budgets?

Do you want to manage risk and reward of vehicle ownership yourself or have someone else manage this for you? We have a number of products that can meet both of these requirements.

Do you have cash available in your business to finance fleet?

What is your normal rate of return? Are you tying up cash in expensive vehicles? Is this the best way forward or should you be looking to re invest this into growing your business? We can look at the options for you and offer a true independent view.

What are your Corporation Tax considerations?

This can be complex, but need not be. All vehicle financing products have specific corporation tax considerations so let us review your requirements and help you choose a financing method that will meet your specific needs.

What are your specific business requirements for running a fleet?

We can design a tailored fleet policy to cover all your specific needs, using the right funding platform to minimise your costs and meet your operatinal requirements.

How flexible does your fleet provision need to be? Do you have a clear long term strategic view?

Needs change over time and we can look at what is best for you now and in the future. We can provide a number of options taking into account how your needs may change.

Financial Accounting considerations - On / Off balance sheet, what is best for me?

We can look into this. You may have specific On or Off balance sheet requirements. please see below an important update that may impact your company.We can help you choose the right product and structure in conjunction with your finance team to deliver what you need.

IFRS 16 Update : For Publicly quoted firms that report to the International Financial Reporting Standards and the public sector

New lease accounting rules effective from 1 January 2019.

The International Accounting Standards Board (IASB) has now published a new International Financial Reporting Standard (IFRS) 16, which requires lessees (customers leasing an asset) to recognise assets and liabilities for most leases on the balance sheet. IFRS 16 will supersede the current lease standard International Accounting Standard (IAS) 17. 

Previously, a lessee would have to determine whether the lease is a finance lease or an operating lease. This is effectively done by assessing the risks and rewards inherent in the lease. Contract hire arrangements are usually operating leases.

Publicly listed companies already have to make a note to the annual report, which reflects any operating lease rentals payable. Businesses will need to ensure they report on their liabilities (rental payment arising under the lease) and their asset (the right to use the leased asset).

Vehicle usage - How important is this? Is it likely to change?

Understanding your vehicle usage requiements is critical to effectively manageing your costs, wherther this relates to annual mileage or activities your vehicles will be used for. We can look at the options available to you and potential scenario planning.

What impact does VAT have on fleet product selection?

Dependent on your VAT status, funding product and business usage there are restrictions on the amount of VAT recoverable. We can model different products and their tax treatment so that you can make an informed decision on what really is best for your business.

What is the personal cost to employees re providing a fleet vehicle?

Specific products have different employee Benefit in Kind impacts. We can model what the potential BIK impacts can be for your employee base dependent on your potential product selection and choice of vehicles. 

What factors do I need to consider when comparing funding methods?

This can be very complex, cash flow, personal and business tax, whole life costs are just some of the key elements to consider. Utilising our bespoke and highly spophisticated financial modelling tools we can help you understand how these factors vary by product and what is best for you.

What factors do I need to consider when choosing the right vehicle for my business?

There are a number of factors to think about, technical specification, health & safety, true whole life costs, employee preferences are just a few. Let us help you navigate through this complex decision process so that you have the optimum policy in place for your business needs.