Fleet car leasing for UK businesses

Fleet car leasing is a way for a business to provide company cars on fixed monthly rentals instead of buying them. The leasing company owns each car and takes the depreciation risk. The business pays an agreed amount per car each month and the cars are collected at the end of the contract.

Most fleet car leasing in the UK is arranged on business contract hire. The monthly rental is worked out from the car’s price, the contract length, the expected annual mileage and the car’s predicted value at the end, and maintenance can be included or left out. Our guide to what business contract hire is explains the contract in more detail, and our business contract hire page sets out what an agreement includes.

If you are weighing up leasing against buying for your company cars, speak to our team and Toomey Leasing Group will show you the monthly cost of the models you have in mind.

With fleet car leasing through Toomey Leasing Group you can choose cars from almost any manufacturer, because we are independent of dealerships and brands. That lets us match each driver’s role, mileage and tax position to the right model, rather than offering a fixed list of deals.

Being independent matters most for company car tax. A driver’s benefit-in-kind charge is set by the car’s list price and CO2 emissions, so two similar cars can cost a driver very different amounts each year. HMRC publishes the appropriate percentages for each emissions band, and our article on how company car tax is calculated works through an example. We have sourced more than 10,000 vehicles for UK businesses.

Send us your choice list or the cars your drivers are asking for, and your account manager will come back with options and lead times. Request a fleet car leasing quote.

Fleet car leasing contracts usually run for two to five years, with the term and annual mileage agreed for each car at the start. Shorter terms suit drivers whose roles may change, while longer terms lower the monthly rental. Each car can have its own term, so renewals can be spread across the year.

Matching the term to how long a driver will need the car avoids early termination charges, which are normally a share of the remaining rentals. If a driver’s mileage changes during the contract, the agreement can often be re-quoted rather than left to build up excess mileage charges, and our mileage capture service shows this early. For short gaps, such as a new starter waiting for a factory order, daily rental covers the period.

Your account manager plans renewals ahead of each contract end date, so drivers move straight into their next car. Talk to us about your current contracts.

At the end of a fleet car lease, the car is collected and inspected against the BVRLA fair wear and tear standard. If it is within the agreed mileage and any damage falls within that standard, there is nothing more to pay, and the driver can move into a new car on a fresh agreement.

The BVRLA sets the industry standard for what counts as acceptable wear on a returned lease car, such as small stone chips, and what counts as chargeable damage. Our guide to BVRLA fair wear and tear lists what to check before collection. Excess mileage is charged at a pence-per-mile rate set in the contract.

We remind drivers what to check before their car is collected, which keeps end-of-contract charges to a minimum. Ask us about end-of-lease support.