Discover our Finance Solutions
When it comes to paying for your fleet vehicles, Toomey Leasing Group can offer several fleet finance solutions to best fit your business needs. We have multiple options available for business car leasing and a range of car leasing companies to choose from. As specialists in fleet leasing solutions for SMEs, we cater to fleet sizes ranging between 1 and 100 plus. By utilizing our ‘one-stop shop’ approach to finance leasing, and by having a single point of contact we ensure Businesses receive the best possible experience.
Fleet Solutions
Fleet Finance
When it comes to paying for your fleet vehicles, Toomey Leasing Group can offer a number of fleet finance solutions to best fit your business needs.
We are specialists in creating business contract hire and fully maintained deals for small to medium sized companies.
Our customers look to us to create high level ‘fixed cost’ motoring packages. With our contract 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. It is as simple as that.
What’s more, monthly rentals can be wholly, or partially offset against Corporation Tax for cars depending on their CO2 emissions banding.
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Our maintenance-inclusive contract purchase package has all the attributes of Business Contract Hire. Furthermore, the vehicle will appear on your balance sheet as an asset of your company. Only the service element of the monthly payment is liable to VAT, making this facility attractive to companies that are zero rated for VAT purposes.
At the end of the agreement, ownership will be passed to you on payment of the final ‘balloon’ payment. An ‘Option to Purchase’ amendment can be included whereby we will agree to purchase the vehicle for the final ‘balloon’ figure thus relieving you of the responsibility of disposal of the vehicle.
Our Finance Lease is a fully amortised ‘on balance sheet’ facility where the risk or reward on disposal lies with you, the lessee.
Monthly rentals can be wholly or partially offset against Corporation Tax for cars depending on their CO2 banding. For any vehicles registered after 1st April 2021 with a CO2 rating of 50g/km or less, 100% recovery is allowable. For cars with a CO2 rating above 50g/km, a 15% leasing disallowance is applied resulting in a recovery rate of 85% of the finance rental. Van rentals continue to be fully recoverable.