A Finance Lease is designed for business owners who want to avoid the high advance cost of purchasing a new Renault commercial vehicle or fleet, but where Contract Hire is not suitable. Choose a Finance Lease with RNB Renault and you will have the option to handle the administration of the vehicle, and have the assets shown on your company’s balance sheet. Greater flexibility over the fixed monthly repayments and more options to own, sell or return the vehicle at the end of the contract make this a popular choice.
Step One: You can tailor your Finance Lease agreement to best suit your business’ budget and circumstances. First choose the deposit amount you would like to pay and the terms or usage parameters of your agreement.
Step Two: Once you’ve paid the deposit, an RNB Renault business adviser will calculate your monthly repayment, based on the remaining amount to be financed on the vehicle. You can choose to pay the entire cost of the vehicle, including interest charges, over an agreed period, or you can opt to pay lower monthly rentals with a final payment based on the anticipated resale value of the vehicle (otherwise known as the ‘balloon payment’). The interest charged as part of your monthly repayment is calculated at the beginning of the contract and is fixed for the length of the agreement. This means that the amount you owe is unaffected by any future changes to interest rates, so you can budget with confidence.
Step Three: At the end of the agreement, choose from three options to decide what to do with your Renault vehicle. You can:
Why choose RMB Renault Finance Lease?
For professional advice on the best business finance for your commercial vehicle or fleet, call or visit us at our RMB Renault Pro+ centres in Darlington and Northallerton. Our team of specialist business advisers are experts in the Renault commercial vehicle range and trade financing.