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Minibus Leasing

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Leasing and Contract Hire are often used as interchangeable terms

With this in mind, Minibus World refers to Lease Purchase when we talk about Leasing. The main difference is that with Lease Purchase, you own the vehicle, whereas with Contract Hire, you do not.

Benefits of Lease Purchase

Lease Purchase is a way to finance the purchase of your Minibus through a combination of monthly payments and a balloon or residual payment. The financial breakdown is that you are paying for the depreciation of the vehicle during the term, the balloon representing what the vehicle is worth in the future.

Ownership

Lease Purchase is a gateway to owning the vehicle. A deposit is paid followed by monthly payments. At the end of the agreed term (typically 3 or 4 years) there is a final balloon payment to be made to own the vehicle.

Asset Generation

By effectively paying for the vehicle with a combination of deposit, monthly repayments and balloon payment, the vehicle becomes an asset to the organisation, rather than a cost.

Managed Vehicle

With Minibus World, you can still opt for a full maintenance package to run alongside your lease, including RFL, service and maintenance.

Minibuses Available for Lease

Contact the team today for information on all our finance options

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