Lease FAQ

Why should I lease my cars and vans instead of buying outright?
| · | Better Cash Flow. Leasing gives you access to the vehicle with minimal up-front payments and spreads the cost over time. You get to pay for the vehicle with the income it helps to generate while minimising the drain on your working capital. |
| · | No debt. Leasing preserves your credit options and does not influence your credit limit as it is generally not classified as debt but as expense. |
| · | Maximise Financial Leverage. Your lease can often finance everything related to the purchase and may free up cash flow to pay for other items. |
| · | Simplified cash flow management. Lease payments are usually flat, making cash management more predictable and easier than with a variable rate loan. The fixed interest rate of a lease also helps if interest rates rise. |
| · | Tax advantage. VAT can be claimed back on all maintenance charges at a rate of 13.5%, and on the full cost of leasing of commercial vehicles at the 21% rate. |
| · | Flexible time frames. Leasing contracts can be structured to fit your requirements. Use an asset as long as you need it without owning it forever. |
| · | Hedge against obsolescence. At the end of your lease just return the vehicle to us. You will not have the hassle of selling a used vehicle or run the risks related to residual value and obsolescence. |
| · | Maintenance options. We can also look after all of your day-to-day fleet maintenance needs. |
Is Blackwater Motors just acting as a finance company?
No. Blackwater Motors is first and foremost in the business of providing vehicles of all types to corporate customers. Its involvement in the motor industry enables it to get the best possible prices for the vehicles it provides. For its customer’s convenience they can arrange a structured finance plan and because of their independence they can shop around for the best deals on their behalf.
Can we rotate our cars between drivers?
Yes. If one of your drivers is doing very high mileage you can swap the car with one doing lower mileage to avoid exceeding allowances.
Can we get our cars serviced anywhere?
Yes. Blackwater Motors will arrange to have your car serviced in any franchised garage convenient to you throughout the country.
What if our driver has a breakdown late at night in a remote part of the contry?
Your car has full AA coverage including emergency callout breakdown assist, on the spot repairs by trained mechanics and towing and repairs if necessary to ensure your driver gets back on the road as quickly as possible. Full details are contained in the driver information pack.
Are there any hidden charges or extras for maintaining the vehicle on top of our monthly fee?
No, everything is included in our maintenance contract from servicing to road tax. The only costs outside of this would be due to excessive wear and tear or driver negligence.
