Discover our Fleet Finance Solutions
When it comes to financing your fleet vehicles, Toomey Leasing Group can offer several fleet finance solutions to best fit your business needs. We have multiple leasing options available for business vehicle leasing and a range of car leasing companies to choose from. As specialists in fleet leasing for SMEs, we cater to fleet sizes ranging between 1 and 100 plus. Our one-stop shop for finance leasing makes your experience easy. You will have one point of contact for all your fleet management needs.proach to finance leasing ensures a seamless experience with a single point of contact for all your fleet management needs.
Whether you need contract hire, fully maintained fleet leasing, or bespoke finance leasing options, we deliver tailored solutions that help SMEs control costs and benefit from fixed monthly payments.
Fleet Solutions
Importance of understanding your fleet finance options
When considering how to finance your fleet, it is important to ask what method is most suitable to finance my fleet? Toomey Leasing Group offers a comprehensive range of fleet finance solutions tailored to meet your business needs. We can provide fleet finance option for small businesses ranging up to larger businesses. As a Financial Conduct Authority-regulated provider, we ensure transparent, secure, and reliable service. Our aim is to give you complete peace of mind throughout your vehicle fleet leasing journey for your business.
We are specialists in creating business contract hire and fully maintained deals for small to medium-sized companies.
A business contract hire finance agreement is a popular fleet finance solution providing a lease period typically between 24 to 48 months. This type of fleet leasing solution allows businesses to pay for the leased asset in fixed monthly instalments enabling you to spread the costs, offering predictable costs for better cash flow management.
One of the key benefits of business contract hire (BCH) is that in many cases, you can claim up to 100% of the VAT back, making it a highly cost-effective business vehicle leasing option.
For vehicles used for both personal and business purposes, up to 50% of the VAT is claimable. This fully maintained fleet leasing option often appeals to SMEs seeking fixed cost motoring packages without the risks of vehicle ownership
Our clients look to us to create high-level ‘fixed cost’ motoring packages. With our business lease deals, all you need to do is insure the vehicle and provide the fuel. We will buy the vehicle and hand it over to you for the duration of the contract.
We will also pay the costs for mechanically keeping it on the road (including new tyres when needed). At the end of the duration, we will claim back the expenses.
What’s more, monthly rentals can be wholly, or partially offset against Corporation Tax for cars depending on their CO2 emissions banding.
Learn more about business contract hire at Toomey Leasing Group
A finance lease lets you pay for the vehicle in monthly instalments. You can choose lower monthly payments with a final balloon payment. This final payment is based on the vehicle’s expected resale value.
At the end of the finance lease term, you can sell the vehicle to a third party approved by the leasing company and keep any proceeds, or extend the agreement with a ‘peppercorn rental’ period, after which the vehicle must be sold.
Unlike contract hire agreements, finance leases are generally more flexible and give you the opportunity to benefit from any profits when the vehicle is sold. Both finance lease and contract hire offer similar tax benefits, including VAT recovery.
However, a potential downside of finance leases is the risk of additional payments if the vehicle sells for less than the initially estimated residual value.
For more information – request a quote today!
For small to medium-sized enterprises (SMEs), hire purchase (HP) is a practical vehicle finance option that allows businesses to acquire essential vehicles by making fixed monthly payments plus interest over a set period.
Typically, an initial deposit is required, followed by manageable instalments that help protect cash flow. At the end of the hire purchase agreement, the SME owns the vehicle outright, giving full control and asset ownership.
This option can enable SMEs to access newer and higher-value vehicles than might be affordable through upfront purchase. However, monthly payments depend on the business’s credit rating, which may result in higher charges, and missed or late payments could negatively impact the company’s credit score, making timely payments crucial
Additional Fleet Services
At Toomey Leasing, our focus is getting the very best value from each and every vehicle whilst keeping drivers, fleet managers and business owners happy. If you consider the amount of time either you or your fleet manager spends on driver issues, liaising with service and maintenance providers, or simply checking invoices to ensure that you are being charged the correct amount, it quickly becomes apparent that you are taking a sizeable amount of resource away from your core business activities; – the activities for which you receive the most return on investment (ROI). Getting the best ROI from your fleet is our area of expertise. We can take all of these every day irritations away from you and we will treat your fleet as if it was our own. You don’t even need to look through or compile specific reports if you don’t want to, – just let us know that what you need and we will do it for you.
Like everything at Toomey, we will tailor your service to include what you need, when you need it. We have a range of fleet management services which may or may not be beneficial to you. Just let us know your requirements and we’ll do the rest, creating a bespoke service package that perfectly fits your business.
