Business Finance
Renault Bank
Whether you are a small start-up business or large established company, when it comes to choosing a vehicle finance plan the options seem endless.
And, as your business changes, so may your financing requirements, which often only adds to the complexity of choosing the right vehicle finance option for your business.
Because we understand that no two businesses are the same, Renault Business Finance offers a wide range of finance schemes and products to suit the specific needs of every type and size of business.
Finance methods
Compare our different finance methods
Lease
A lease is the best way for you to use a commercial vehicle without owning it.
You only pay a fixed monthly instalment, minimum deposit of 1-3 payments upfront, and you can use the vehicle during the agreement without mileage limitations. For customers who are fully VAT registered, VAT on the monthly lease of commercial vehicles can be reclaimed under certain circumstances. Other tax relief may also apply.
Benefits
- Benefit of ownership without being the real owner
- Preserves working capital
- Small deposit to pay
Business Hire Purchase
A Business Hire Purchase is a simple way for your business to finance a vehicle over a flexible payment term, 1 to 5 years.
Renault Bank will purchase the vehicle on your behalf. You then pay fixed instalments over the payment term. At the end of the agreement ownership transfers to you.
Benefits
- Fixed payments allow you to mange your budget effectively
- Flexible payment terms to suit your budget
- No mileage restrictions
- You will own the vehicle at the end of the agreement
Tax relief and VAT
For customers who are fully VAT registered, this tax can be reclaimed in certain circumstances for commercial vehicles.