Rental is the most common type of lease available in the UK and is also known as an operating lease
A wide range of quality vehicles, a simple purchasing process, and rental periods which suit your business - buying from Arriva Bus and Coach couldn’t be easier
With a large fleet of new and used buses and coaches of different specifications available, there will be the perfect vehicle ready for you to rent. Our experienced bus and coach rentals team can provide you with expert advice on the best possible solution for your business.
- Choose the vehicle
- Choose the term
- Low initial outlay
- Minimised risk
- Simple process
- Take the strain off cash flow and funding
- Tax deductible operational expense
- Fixed payments for the length of the contract
What is rental?
What benefits does rental offer to your business?
Rental will benefit the company or business who is seeking to remove assets from their balance sheet, eliminate the financial risk associated with disposing of the vehicle and if required, enjoy the convenience of a full maintenance service at a fixed monthly cost
Is rental subject to VAT?
All rentals are subject to VAT and as such should Government legislation change, these changes would be passed on to the customer. 100% of the VAT is recoverable (subject to the customer being VAT registered) on all leasing rentals for commercial vehicles. You are also able to claim 100% of the VAT on the maintenance element of the rental if you take this option
Are rental invoices tax deductible?
All rentals have no transfer of ownership involved, and as such the rental invoices are charged to the profit and loss account and is fully tax deductible
What is the initial outlay?
As is standard across the rental industry, a deposit and first month’s payment will be taken in advance of the vehicle being delivered. This provides you the customer with a low cash outlay to enter into this type of contract
What payment options do you have with rental?
There are two different types of payment/rental profiles which support this product:
A fixed payment over the length of the contract period, paid in advance with a deposit prior to taking the vehicle. If you take a 36 month contract you will pay the first rental prior to taking the coach/bus followed by 35 monthly payments and the contract ends on month 36
This is used when you want to pay a lump sum for the initial payment to reduce your monthly rental payments. If you take a 36 month contract, you can pay 1 lump sum and the first rental prior to taking the coach/bus followed by 35 monthly rental payments and the contract ends on month 36
Do Arriva Bus and Coach insure the rental vehicle?
No. It is your responsibility to insure the vehicle. Please ask to see the terms and conditions of the contract
What happens if you exceed your contract mileage allowance?
If a vehicle is returned over mileage you are liable for an excess mileage charge