Vehicle Leasing & Supply

Whether you’re updating your existing fleet or considering a new business vehicle, Bluepoppy can assist you. Our wide range of cars and vans allows you to lease the perfect vehicle for both appearances and practicality, and at a competitive price.

Contract Hire

We work with the UK’s leading leasing funders in order to be able to provide you with fixed, low monthly rental rates for cars and vans at a competitive price. We can provide you with lease agreements of variable lengths and bespoke contract hires to suit your business’s needs.

Contract hire is a type of leasing agreement that is essentially a long-term rental, where you keep the vehicle for the duration of the agreement, and pay a monthly cost. Contract hire does not give the option to purchase the vehicle at the end of the agreement, and there is a set mileage limit for the duration of the lease. Should this mileage be exceeded charges will apply, or in the event of a high excess of mileage we can request an amendment to your lease, which may affect the monthly cost.

When you reach the end of the leasing agreement, we can arrange for your vehicle(s) to be collected on the same day your new leased vehicle(s) are delivered, should you decide to make a new lease. 

There a number of benefits to leasing with Bluepoppy, including:

  • Flexible contract lengths from 12 to 48 months
  • Brand new vehicle(s) as often as you want your lease to be
  • Vehicles are less likely to encounter major faults due to being new on lease
  • No worrying about vehicle value depreciation and resale value
  • No large one-off payment like if you were buying the vehicle(s) outright, or purchasing through a finance option like personal contract purchase (PCP)
  • Fixed monthly fees allowing for greater control and forecasting of finances
  • Modern vehicles improve your business’s image, and give you the latest technology and safety features

Finance Lease

A finance lease is similar to a contract hire lease in that it lasts a set length of time, and there are fixed monthly costs. Unlike a contract hire agreement, however, a finance lease has options at the end of the agreement.

  1. You can return the vehicle to the lease funder for it to be sold, which normally includes a fee.
  2. Sell the vehicle on behalf of the lease funder to a third party.
  3. Enter an agreed second lease, paying a peppercorn rental.

 

As part of a finance lease you can choose to pay either the entire cost of the vehicle, plus interest, over the monthly payments, or alternatively you can opt for lower monthly payments with a final balloon payment based on the anticipated resale value.

During the lease, the vehicle remains the property of the lease funder, however it will show as an asset on your business’s balance sheet.

A VAT registered company can reclaim 50% of VAT on cars, and 100% of VAT on commercial vehicles. Your payments can also normally be offset against taxable profits.

Contract Purchase

A contract purchase is where you pay a deposit upfront, and then a fixed monthly cost for a set period of time, based on the vehicle’s value. When you reach the end of the agreement, you have the option to purchase the vehicle for a pre-agreed balloon payment, outlined in the contract from the start, or to return the vehicle to the funder.

One benefit of a contract purchase is that the balloon payment amount is known from the start, meaning you can budget accordingly for this.

With a contract purchase, you are still subject to excess mileage charges and return conditions should you choose to return the vehicle.

Long Term Hire

A long term hire is ideal if you do not know how long you will require a vehicle for, or do not wish to commit to a set length contract.

You can find out more about vehicle hire here.

 

Useful Questions About Business Vehicle Leasing

Business of all sizes can take a business vehicle lease, including sole traders, partnerships, limited liability and public limited companies, and charities. Along with a credit check, you simply have to show your business is currently trading, and demonstrate a suitable income and/or profit level.

The benefits of the different business car leasing options can be read in detail above, but in summary includes:

  • Flexible contract lengths from 12 to 48 months
  • Vehicles are less likely to encounter major faults due to being new on lease
  • Fixed monthly payments allowing for greater control and forecasting of finances
  • 50% of VAT on car leases and 100% of VAT on commercial vehicles can be reclaimed

If the vehicle is only used for business, you can claim back up to 100% of the VAT on the lease. If there is some private use only 50% of the VAT can be claimed back. 100% of VAT on maintenance can be claimed back additionally.

Business vehicle leases include things such as road tax, breakdown cover and manufacturer's warranty. Maintenance can be added for an additional fee, which provides coverage for servicing the vehicle(s), and minor cosmetic damage like scuffs, shallow scratches, and minor dents.

Find out how we can help you with your vehicle needs

Business car or van rental with a fast turnaround and simple online booking system from Bluepoppy.

Here at Bluepoppy, we want to help you with managing your fleet to ensure it’s safe for all of your drivers, save your business time and money with efficient management, and keep your fleet as streamlined and slick as possible.