Business Car Leasing
Flexible vehicle leasing to suit your business needs.
Free Up Your Capital
Save your business funds for what makes you money, with CBS providing vehicle funding.
No Vehicle Risk For Your Business
No need to worry about maintenance or the value of the car at the end of the lease, simply hand it back when it’s best for you or when the contract ends.
Terms, Mileage and Extras to Suit You
From contract lengths to mileage, maintenance packages to insurance options, everything can be tailored to your individual needs.
How Business Car Leasing Works
Choose the vehicle
Selection, ordering and delivery all managed on the CBS Portal.
Vehicle leased to your business
Rental inclusive of full maintenance package.
Use vehicle as required
Give an employee a company car or use as a pool vehicle.
Easy renewal process
At the end of term, you can choose a new car for the business.
Keep your employees happy by offering your company car entitled drivers a vehicle that is reliable and practical to run, helping you to attract new talent and retain the best staff.
Drive a brand new car
No monetary input needed
Benefit from low Benefit-in-Kind tax on EVs
Low cost vehicle upgrades on Electric Vehicles
Hassle free for lifetime of the car
Easy renewal at the end of the term
Hassle-free Vehicle Maintenance
We’ll help and support you throughout the duration of your fleet contract.
Breakdown Support, Windscreens & Tyres
Service, Maintenance & MOT
Fines & Charges Management
Replacement Vehicle
Driver Dedicated Helpdesk
If the vehicle is used for personal travel, the business will need to pay Class 1A National Insurance Contributions and your employee will pay company car tax. Your business can also claim back 50% of the VAT on the finance rentals.
Remember, our Business Car Leasing can be one part of your overall solution alongside our other products, creating a blended car benefit package.
Discover all our solutions for employee car benefits.
- You want to continue to offer traditional company cars to some drivers.
- You want to free up capital for your business.
- You are happy to complete some P11D reporting on your fleet.
- You want pool cars or the ability to move vehicles around your employee community.
Your company leases a car or a fleet of cars in accordance with the business needs. Business lease cars can be given to your employees as a company car or salary sacrifice car and the appropriate tax for the benefit is applicable, or the car/s can be used as pool vehicles. Either way, a fixed monthly rental is paid by the business in exchange for the vehicles.
You’ll need to be a VAT registered company to lease a car through a business. A credit check, proof of entity and your companies house number are also requirements for business car leasing.
The company can claim back 100% of the VAT on payments made for a business leasing car if the vehicle is used for business purposes only. If the business lease car is also used for personal reasons by your employees, you can still claim VAT back, but only 50% of the VAT on the finance rental.
Multiple employees can drive the same business lease car providing they’re covered through the insurance policy. If the car is provided as a company car, then an employee’s partner or family member could also drive the vehicle, as long as you as the employer hold a copy of a valid UK driving licence for the additional driver.
Get in Touch
Got a question? Want to know more about how we can help? Simply fill out the form and we’ll be in touch.
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