Updated: 04/04/18

What is an Operating Lease?

At Orwell Truck & Van we understand the complexities of running a modern-day business, but did you know you can get much more than just company vehicles from us, we offer a variety of finance agreements that suit both you and your business.

An Operating Lease is a solution for those who want to drive one of our vehicles over a fixed term, with lower monthly rentals and without the worries or commitment of ownership.

At the end of your agreement, simply return your vehicle with nothing more to pay, subject to it being in line with our Vehicles Return Standards as vehicle condition, excess mileage and other charges may be payable.

 

How Operating Lease Works

A solution for those who want to drive one of our vehicles over a fixed term, with lower monthly rentals and without the worries or commitment of ownership.


At the start of your agreement you pay an advance rental upfront. Your monthly rentals are based on the difference between the initial value of the vehicle and its projected residual value at the end of your agreement. Therefore, only a proportion of the vehicle’s value is repaid, which avoids a large initial expense and keeps monthly payments lower.

Operating Lease Features & Benefits

  • Pay an advance rental upfront.
  • Fixed regular payments means you can easily budget.
  • Rentals are based on your annual mileage agreed at the start of your agreement and only on a proportion of the vehicle’s value, keeping your monthly payments lower. 
  • Rentals are allowable against taxable profits (proportionally).
  • VAT is reclaimable depending on usage (proportionally). 

Interested in an Operating Lease?

Get all the benefits of an Operating Lease combined with award-winning Mercedes-Benz Vans with our exclusive Operating Lease offers on the Citan, Vito and Sprinter models.

Click below for more information on our latest Operating Lease offers or contact us today for more information on 01473 618000

 

 

 

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