Business vehicle leasing for UK fleets

Business vehicle leasing is a way for a company to use new cars, vans or electric vehicles for a fixed monthly payment over an agreed term, instead of buying them outright. The funder owns the vehicle, and the business returns it at the end of the contract or replaces it with a new one.

The two main forms are business contract hire, where the funder takes the resale risk, and a finance lease, where the business takes on the vehicle’s end value. Both spread the cost across the contract and avoid tying up capital in depreciating assets. You can compare them on our fleet finance page, and our article on the hidden costs of vehicle leasing explains what to check in a quote.

Toomey Leasing Group arranges business vehicle leasing as an FCA-authorised credit broker, so we can compare funders for you. Speak to our team about the options for your fleet.

Choose a fleet leasing company on independence, service and regulation, not only on the monthly price. Look for a provider that can source any make, gives you a named account manager, offers direct support for drivers and is authorised by the Financial Conduct Authority to arrange vehicle finance.

You can check any broker or lessor on the FCA register, and membership of the BVRLA means a company has signed up to the industry’s code of conduct. It also helps to ask who handles breakdowns, servicing and end-of-contract inspections. Our guide to choosing a reliable business leasing company lists the questions to ask.

Toomey Leasing Group has worked with UK businesses for more than 55 years and gives every client a dedicated account manager. Find out more about us.

Leasing a business vehicle can take as little as 2 to 4 weeks when it is available as fast-track stock. Factory orders take longer because they depend on the manufacturer’s build slots, so we give production updates to help you plan handovers and driver start dates.

Lead times vary by manufacturer, model and specification, and electric and converted vehicles can take longer. Registering for stock updates lets us tell you when suitable vehicles become available, and if a driver needs a vehicle before their new one arrives, short-term daily rental covers the gap.

Tell us when you need the vehicle and we’ll suggest models that can be delivered in time. Request a quote.

Leasing is usually better for a business that replaces vehicles every few years and wants fixed costs, while buying suits vehicles kept for a long time or heavily adapted. Leasing avoids the upfront cost, the depreciation risk and the work of selling vehicles at the end of their use.

The tax treatment differs too. Lease rentals are generally deductible from profits, with a 15% restriction for cars emitting more than 50g/km CO2 under HMRC lease rental rules, while bought vehicles are claimed through capital allowances. VAT recovery on car lease rentals is normally limited to 50%, which our business contract hire page covers in more detail. A whole life cost analysis compares both routes for your vehicles.

We set out leasing and buying costs side by side so your finance team can decide. Talk to us about your options.

Lead times vary based on manufacturer, model, and specification. Vehicles currently in our “Fast-Track” stock are available for delivery within 2–4 weeks. For factory orders, we provide transparent, real-time updates from the production line to ensure your fleet planning remains accurate.

High-demand vehicles often move within 48 hours. When you register, you receive priority alerts for incoming stock that matches your fleet profile, allowing you to secure the assets you need before they are made available to the general market.

Absolutely. Whether you need a short-term solution to bridge a gap in your fleet or a long-term lease for new assets, we tailor the finance package to match your cash flow and tax efficiency requirements.