Hire Services >Operating Lease

Operating lease or contract hire is a popular and simple method of fleet funding offering the lowest risk to customers.

You simply hire the vehicle from VLS for an agreed length of time and pay a fixed monthly rental fee. VLS retains the ownership and the associated risks and at the end of the contract the vehicle is returned to us. This is ideal for organisations that don't want to take risk associated with predicting the residual value of vehicles, or the maintenance and servicing costs.

Benefits of an operating lease:

  • Fixed monthly costs
  • VAT efficient for most organisations
  • No residual value risk
  • Additional services can be included
  • Low initial outlay
  • Provides an alternative credit line for funding
  • Single monthly invoice
  • Does not appear on lessee's balance sheet

Contact us to discuss how to fund your fleet.