All the staff were exceptionally polite and helpful at all times
Discover business car leasing
MINI Business leasing with Dick Lovett
At Dick Lovett MINI, we understand the unique needs of corporate and business customers. Whether you are a leasing company, fleet manager, company car driver, small business, or sole trader, we are committed to tailoring our services to your specific requirements.
As a MINI Corporate Certified dealer, we offer competitive business contract hire rates on a range of new MINI cars including the MINI Clubman. We also offer the latest plug-in hybrid and all-electric models such as the MINI Electric.
Our team of leasing experts are highly trained to provide comprehensive demonstrations of fleet vehicles and answer any queries you may have.
MINI Business Leasing
Why Business Lease?
Business Contract Hire (BCH) is a vehicle lease agreement specially designed for corporate and business users. It offers many benefits that are not available with Personal Contract Hire (PCH).
Typically, business lease agreements last between two to four years (24 to 48 months), making it easy for businesses to get a brand-new MINI. One of the main advantages of business leasing is that VAT-registered companies can claim back 100% of the VAT if the vehicle is used solely for business purposes (or up to 50% if the vehicle is used for both business, and private purposes). This makes leasing a vehicle a tax-efficient option for companies.
Furthermore, on agreements that include maintenance services, the VAT on the service component is fully recoverable, providing an additional cost-saving benefit. And as the finance provider stays the owner of the vehicle, it does not show up on your balance sheet, enabling you to manage your business finances more effectively.
At the end of your lease agreement, you simply return your MINI to the finance provider without any additional charges (subject to the vehicle being in good condition, and within its mileage allowance). You can then choose to take out another MINI business lease agreement.
Salary sacrifice car schemes for your business are also available. The scheme allows you to unlock the lowest prices on new MINI models for all employee's, not just those entitled to company cars.
The benefits of MINI Business Contact Hire:
- Low initial rental and fixed rentals for the agreement term
- Flexible contract duration and mileage terms
- Maintenance and servicing can be included in the monthly rental
- No worries about depreciation or disposal at the end of the agreement
- Monthly rentals are offset against your annual corporation tax or self-assessment tax return
- VAT-registered companies can claim back up to 100% of the VAT back
- 100% of the VAT can be claimed back on maintenance costs
Featured MINI Business Contract Hire offersSee all finance offers
Business Finance with Dick Lovett MINI
How does MINI Business Leasing work?
Dick Lovett MINIs specialist Corporate team in Bristol, Hungerford, Melksham, and Swindon are on hand to guide you through the business leasing process and find the best possible deal for your business.
To calculate the cost of your contract hire rental, a range of factors are evaluated. These factors include the purchase price or On-The-Road (OTR) value of the vehicle, the agreement length, your initial rental payment, the estimated annual mileage, and the projected residual value of the car. You can also choose to include additional features such as maintenance and servicing in your contract.
Based on these considerations, we predict the expected value of your MINI at the end of the leasing term. Using this projection, a monthly rental fee is determined to account for the difference between its initial value and its anticipated resale value.
By taking all these factors into account, we can help you find the most cost-effective MINI business lease deal for your business.
Business Leasing with Dick Lovett MINI
Dick Lovett MINI offers a choice of local delivery options once your business leasing deal has been finalised. You can choose to collect your new MINI from one of our showrooms in Bristol, Hungerford, Melksham, or Swindon, or have it delivered.
If you opt for delivery, your handover will be conducted by a professional driver who will explain all the essential features of your new MINI, ensuring a comprehensive handover outside of the showroom.
When your new MINI arrives, it will have been driven less than 99 miles and delivered with at least half a tank of fuel or 80% electric charge. We will also contact you within 48 hours of your handover to ensure everything is going smoothly and answer any questions you may have.
With our Corporate Aftersales Promise, we are always by your side. We guarantee the same unmatched level of service and specialised corporate support throughout your MINI lease agreement. If your MINI needs repairs, our team will triage it within 24 hours, and all follow-up appointments will take place within 7 working days (or 3 days if a warning light is showing) to reduce any disruption to your business.
And when any service or repair is completed, your car will receive a complimentary wash and vacuum. You will also receive a complimentary MINI End of Warranty Check. Enquire with Dick Lovett MINI today.
Frequently asked questions
Your questions about MINI business contract hire, answered
Who is eligible for business car leasing?
If you’re in business or self-employed, your business is trading and is in profit, the chances are you will qualify for a car lease deal. Contract hire is open to:
- Sole traders
- VAT registered businesses
- Limited companies
You will need to provide proof of your identity and your address, bank statements and/or audited accounts and have a good credit rating.
What is Business Contract Hire and is it different to Business Car Leasing?
Both Business Contract Hire and Business Car Leasing are the same thing and instead of buying a car you simply rent it from a finance company for an agreed period of time. At Dick Lovett we have a team of business leasing and contract hire specialists who can help you choose how long you want the contract for and decide your annual mileage allowance. These criteria then help to determine the amount you will pay each month.
The most obvious difference between buying and leasing is that when you buy a car you own it and when you lease a car, you don’t. You are renting the car from the finance company, so at the end of the contract all you have to do is hand the car back in good condition – just like you would a hire car.
As with any contractual arrangement, you must fulfil your obligations under the lease agreement. If you don’t there’s likely to be more to pay so you should be mindful of what you have committed to and how the car is used. Exceeding the agreed mileage, returning the car early or in poor condition could incur extra charges.
What are the tax benefits of business contract hire?
There are a few tax and VAT advantages when leasing a car through your business:
- The monthly payment can be offset against taxable profits. How much depends on the CO2 emissions of your chosen car - if your car emits CO2 emissions of 110g/km or less, the full net monthly lease cost can be offset; if your car’s CO2 emissions exceed 110g/km 85% of the net monthly lease cost can be offset.
- A car on contract hire is classed as "off balance sheet", which means it isn’t sitting on the books as a depreciating asset.
- If your business is VAT registered you can reclaim 100% of the VAT on the monthly rental cost if the car is used exclusively for business. You can also reclaim 50% of the VAT if the car is also used personally and 100% of the VAT on a maintenance package, if you have added one to your contract hire agreement.
- If you are self-employed as a sole trader, partner or an LLP member you won’t have to pay company car tax.
- If your business is not VAT registered you’re still eligible for contract hire. You simply pay the VAT on the monthly rental cost.
Is car insurance included in the leasing price?
No. Unlike a rental agreement although you are not the car’s owner you do need to arrange your own insurance and ensure that you are covered for the appropriate type of use.
Based on 7,631 reviews
Knowledgable, helpful and very approachable
Best place to buy your mini
I’m extremely pleased with the service I received, thank you.
A fantastic experience!