The Flexibility of Finance Lease

At Holman, we believe that your fleet should deliver value at every stage of its lifecycle – and this starts with the way you finance your vehicles. We offer flexible and transparent finance solutions, including finance lease, conditional sale, and sale & leaseback. But how do you know which is right for your business? If you are looking for control and flexibility over your fleet investment, finance lease could be the solution.

What is Finance Lease?

Finance lease, also known as open-end finance, spreads the cost of a new vehicle into affordable monthly payments over an agreed term.  Unlike other lease types, a finance lease allows you to benefit from the full profit potential of the vehicle at the end of the lease term.

Why Choose a Finance Lease?

According to the latest FN50 report, less than a third (30.6%) of all leased vans were returned on time. For those locked into inflexible contracts with strict mileage limits and termination penalties, this comes with costly consequences when returning the vehicle. Excess mileage charges averaged £567, and over 50% of vehicles returned also incurred additional wear and tear costs averaging £589. So for some, that was over £1,000 of unexpected and uncontrolled costs.

In contrast, finance lease offers a flexible approach. With no mileage limits or termination penalties, it’s an ideal option for businesses seeking a straightforward financing solution designed to flex as your needs do and allow you to maximise your return on investment – without any hidden costs.

Advantages of a Finance Lease with Holman

• Flexibility – Customise your lease agreement to match your driving needs and budget, with the freedom to make any amendments without penalties.
• Transparency – Our pricing is clear and upfront, with no hidden fees or charges. HoIman Insights allows you to see into every cost line item, providing transparency into interest rates and residual values.
• Complete Control – No set mileage limits or rigid contract dates, giving you complete control over how you run your fleet.
• Cost Savings – No hidden margins, end of contract penalties, or vehicle damage fees.
• Remarketing Profit – Keep all the vehicle’s profit at the end of the lease.
• Avoid downtime – Get immediate access to your vehicle without disrupting operations.
• Transition to EV – Take advantage of the latest EV deals with the option to defleet your ICE vehicles and transition to EV whenever it suits your business needs.
• Cash Flow – Avoid large upfront payments and spread your costs over time.
• Sustainability Goals – Run your vehicles indefinitely, allowing you to extend your replacement cycle for as long as the vehicle is still operationally and financially serving you.
• Tax advantages – The vehicles sit on your balance sheet and are treated as operational expenses, reducing taxable income.
• All vehicle segments – Available for all types of vehicles: forklifts, cars, light commercial vehicles, heavy trucks, special vehicles, etc.

Conclusion

Finance lease offers the transparency and agility you need to manage your fleet effectively. Our approach ensures there are no surprises, ensuring you have complete control and visibility of your costs from the outset.

To find out if finance lease is the right solution for your business, contact us today to talk to one of our experts.

Looking for a comprehensive fleet management solution? See how our Buy, Drive, Service, Sell model supports you throughout the entire lifecycle of your fleet.