About Us

We are able to supply and manage any make of car or commercial vehicle. We advise on the best option for you whether new or nearly new.

Balgores Leasing Ltd was established in 1990 and has developed into one of the most successful contract hire brokers in the UK working closely with ALD Automotive, Alphabet, Arval, Novuna, Lex Autolease, LeasePlan & Mobilize. Relationships have been forged with all major motor manufacturers ensuring our customers benefit from the very competitive buying terms negotiated.

Various finance packages are available including Contract Hire, Lease, Lease Purchase, Contract Purchase & Hire Purchase. All the above can be offered with full maintenance. Whatever modifications your car or commercial vehicle requires we can arrange it, including ply lining, roof racks & shelving, security locks, tow bars, sign writing, alarms & trackers, and refrigeration.

Balgores Leasing are a credit broker not a lender.

You might notice that we don’t have extensive lists of prices based on unrealistic terms. However, we can provide any vehicle, so please get in contact with a member of our team to discuss your individual driving requirements, including expected mileage, upfront payments, CO2 emission requirements, duration of lease, vehicle extras, and whether you want maintenance included, amongst other specifications. With over 75% of our business coming from existing customers and referrals, we’re confident you’ll enjoy this level of service.

Benefits of Business Car Leasing

Minimum capital expenditure

Accurate monthly budgeting

Improved cash flow

Fixed interest rates

Rentals can be offset against the businesses profits.

Reduced administration

On-going advice and support

Road Fund Licence provided (vehicle excise duty paid) for duration of contract

Optional maintenance package

Optional breakdown rescue cover

Optional replacement vehicle cover in event of breakdown

Optional GAP insurance which provides cover for the shortfall between the outstanding finance and the insurance value if the vehicle is declared a write-off by your insurance company

Disadvantages

Early termination can be expensive

If you do more miles than stated in your contract you will be charged excess mileage for each mile over that stated in your contract

You must look after the vehicle and return it in a well maintained condition otherwise you will be charged for any damage over and above that stated in the ‘Fair Wear and Tear Guide’

You must have fully comprehensive vehicle insurance

Business Contract hire explained

Business Contract Hire, sometimes referred to as an Operating Lease, is a long term rental agreement. Contracts range from 12 to 60 months and are tailored to the businesses requirements. The finance company reclaims the VAT on the original purchase, which reduces your monthly rentals (which are + VAT). Contract Hire is a very popular choice for VAT registered companies as they can claim back 50% of the VAT on the finance element for cars and generally 100% for commercials (subject to no private use, no exempt turnover and not being on the Flat Rate VAT Scheme). On contracts with maintenance the VAT on the service element is 100% recoverable. One of the major benefits is that there are no disposal worries as the future value is underwritten by the leasing company. Another benefit of Contract Hire is that it is generally ‘off balance sheet funding’ (subject to legislation change) which means it can improve your gearing ratio (assets to borrowing ratio) and therefore possibly your borrowing ability in the future. .

01708 38 44 51

Business Contract hire explained