Our Approach to Funding
We aim to take a new, flexible, modern approach to funding at ICR. Rather than go through a conventional 'tick box' exercise we aim to meet all of our customers and understand their business needs. Though we do need to understand the businesses history we believe that the future is more important than the past. This is one of the reasons we are able to fund New Start ups, even those less than 3 months old.
ICR Leasing is regulated by the FCA and therefore we do require a businesses financials in order to set up a credit line and prove the all important factors...Affordability and sustainability.
Finance lease is a common agreement taken by businesses needing cars and vans when contract hire does not offer an appropriate solution. Finance Leasing enables flexibility and tax advantages to companies that use one or more vehicles but don't have the capital to pay for them up front.
There is no fixed mileage and therefore no excess mileage charge on the return of the vehicle. At ICR we will have set an expected sale price of the leased vehicle at its contract end, if the vehicle sold for more than that 95% of the profit will be returned to the customer.
Business Contract Hire
Enjoy driving the latest new vehicle.
Small initial deposit – this will free up your capital.
Fixed monthly payments – you pay an agreed amount each month throughout your contract. This can assist you in controlling your vehicle cost and improve cash flow.
Tax efficient – all the rentals made under the lease agreement are treated as an operating cost and therefore can reduce the taxable profit on the business by as much as 100% of the total rental payable.
Off Balance Sheet Funding – this frees up your credit lines and allows you to invest into your business.
Reduce Administration – no more having to haggle for the best purchase price and no more problems with selling your vehicle. At the end of the contract you simply hand the vehicle back without the worrying of how much it might be worth, and select a new one. Maintenance – this can be added to the contract and encompass the service, maintenance, repairs which also includes tyres.
Servicing & Maintenance
Our packages include:
- All manufacturers' scheduled routine servicing and MOTs (if applicable)
- 24 Hour Breakdown
- Replacement parts and repairs due to fair wear and tear
- Tyre Maintenance
- All under the BVRLA Fair Wear & Tear Guide
Nearly New Leasing
Nearly New Leasing works well for a variety of our customers. For those not ready to commit to a traditional 3/4 year lease this allows our customers to run a short term lease with out incurring high costs. It's also a great way to keep costs down as the large drop in value has already taken place and therefore does not need funding..
Finally, Nearly New Leasing works brilliantly for our customers who employ staff based on their passing of a probation period. It's a great way to keep staff happy and lessens our customer’s risk. Then, when the time is right we can swap the employee into a brand new car.
Short Term Hire
To utilize our Short Term Vehicle Hire service you must have an existing Business Contract Hire agreement with ICR Leasing. An addendum to your agreement may be required. With over 100 sites across the UK we can supply your short term hire requirements no matter where you are in the country.
Keeping your employees on the move is hugely important to your business – and we understand that. Whether it’s a one-day vehicle hire for an important business meeting, or perhaps something longer for a contractor or a new employee on probation, our short term vehicle hire service can help.
Need a car at short notice?
We understand that there are certain circumstances in which you’ll find you need a business car quickly. Giving you peace of mind that access to a car is just a call away.
Perhaps you want a vehicle for the longer term?
Should you find that you require a temporary vehicle for a longer period you can select a vehicle segment that suits your business requirements and book the length of the rental (for example three, six or 12 months).
One of the largest expenses your business will see is your company’s fleet. Sourcing, acquiring, maintaining, and managing your fleet is a costly and crucial aspect of your business. And one that you need to get right. Let ICR's experts manage your fleet.
Fleet Management Services provided by ICR
- Contract hire cars for your fleet
- Vehicle acquisition
- Business vehicle rental - short term hire / replacement vehicle
- Fleet maintenance management
- Grey fleet support
- Driver Licence Checks
- Fleet consultancy
- Disposal of vehicles
What Are The Benefits Of Fleet Management?
A fully outsourced fleet management service can benefit you in the following ways: Increased efficiency – Outsourced professional support means that you have the time to concentrate on the core management of your business, and the means to achieve better results from your fleet. Cost Control - competitive pricing due to economies of scale. Supporting your drivers & helping to reduce downtime whilst keeping your fleet on the road.
Sale and Leaseback
Need investment? Choose sale & leaseback, free up your capital to reinvest in your business elsewhere or fuel expansion.
If you currently own vehicles outright, a Sale and Leaseback agreement leaseback transfers ownership of your existing vehicles from you the owner to ICR, and can offer you immediate financial and operational benefits by transferring your vehicles onto a funding arrangement.
Why choose sale and leaseback?
Using this process frees up cash for your business – a tried and tested way to release capital for where you need it most in your business.
Boost cash flow
When you sell your vehicle to us, the money goes straight into your cash reserves – ready for you to spend.
Leasing your vehicles from us will fix your monthly payments, helping you plan your finances.
Enjoy advantages of a company fleet.
If you take a fully maintained option, fixed monthly payments replace unpredictable outgoings enabling you to budget more efficiently. Alternatively, a pay-on-use maintenance scheme can be introduced
At the end of the agreement you'll have the opportunity to upgrade to new vehicles through contract hire.
Customers may be responsible for any maintenance or repairs due on their asset. Contact us or see your contract terms for more details.