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Finance Lease

Specialist finance lease from West Midland Vehicles

Finance Lease is a product which provides you with funding only. However, the customer is never entitled to purchase the vehicle from us - it must be sold to an unconnected third party when you have finished with it.

As the user of the vehicle, you also bear the risk of what it may be worth at the end of the contract hire (when it is sold) when compared to the final rental owed. Therefore, many customers manage this risk element by requesting a 'Balloon' rental that is less than the predicted Residual Value, creating a 'safety' margin.

Making the best choice at the end of your contract

Giving you the flexibility to meet your individual needs, Westmid offers a number of options at the end of your Finance lease term.

Whether you want to keep your vehicle or dispose of it we will help you take the best course of action to suit your needs.

To help you better understand how Contract Hire works and what to do at the end of your contract please take a look at this diagram.

If you are considering changing your vehicle, you may wish to take a look at the other funding options offered.

Westmid is ready to accept your decision and offer you any advice you may need to ensure that your are making the best personal choice. Please contact us or complete an online enquiry form.

You can view our comparison chart to weigh up the different options available.