Business Leasing Options
At Yorkshire Fleet, we know that no two businesses are the same. That’s why we offer tailored vehicle leasing solutions designed to meet your unique needs.
Our dedicated account managers work closely with you to understand your requirements, ensuring you receive the most tax-efficient and cost-effective business car leasing options available.
Whether you run a small team or manage a large corporate fleet, we provide expert guidance to help you select the right vehicles, keeping your business moving smoothly and efficiently.
Explore our business leasing options today and drive your business forward with confidence.
Business Leasing Options Available
Business Contract Hire
The most common form of lease agreement, and is most suitable for Sole Traders, Partnerships and Limited Companies. It provides you with a tax efficient way of running a vehicle for a fixed cost over a pre-determined period.
At the end of the agreement the vehicle is collected without any further obligations.
Finance Lease
A popular funding option for commercial vehicles (cars can be financed as well).
This is a pure funding product and, although it is possible to have a balloon payment, there is no option to return the vehicle at the end of the agreement.
Contract Hire vs. Finance Lease
| Aspect | Contract Hire | Finance Lease |
|---|---|---|
| Ownership | The funder owns the vehicle and takes on the risks | The funder owns the vehicle, but the business takes on most risks and rewards |
| Balance Sheet |
As of January 2026, UK GAAP states vehicle and lease liability to appear on balance sheet |
Vehicle and liability appear on the balance sheet |
| Payments |
Fixed monthly rentals covering depreciation and costs |
Fixed rentals including cost and interest |
| Servicing |
Optional maintenance packages available |
Business is responsible for servicing |
| Damage Wear & Tear |
Charges apply for excess wear, damage or mileage |
No direct charges, but resale value is impacted |
| End of Term Options |
Vehicle returned with no further obligations |
Option to sell vehicle or continue using it |
| Residual Value Risk |
Funder takes the risk |
Business takes the risk |