Toomey Westlease offers a full and comprehensive portfolio of products for funding vehicles. Initial discussions will enable our team of professionals to develop and recommend the most cost effective and tax efficient method of funding.

Whatever method of funding is ultimately selected, Toomey Westlease will source at maximum fleet discounted prices, any make or model of vehicle and deliver it in pristine condition to your chosen location.

Products

Contract Hire
Contract Hire is an off balance sheet funding (Operating Lease) arrangement, which can improve your company’s key financial ratios. It will provide considerable cost benefits, cash flow and budgetary control and is highly tax efficient for the majority of company vehicles.

Contract hire is both VAT and Corporation Tax Efficient and keeps your administration to a minimum.

The risk on depreciation is borne by Toomey Westlease as the car is simply returned at the contract expiry.

Contract Purchase
For the more expensive vehicles, where a tax disallowance exists for Contract Hired cars, Contract Purchase enables the maximum tax allowances to be claimed.

Contract Purchase does not attract VAT to the rentals and therefore can be attractive to organisations that incur VAT restrictions.

The product also gives the flexibility to either take ultimate ownership of the vehicle at the contract expiry or to simply return it to Toomey Westlease

Personal Contract Purchase
As the burden of personal taxation increases budget after budget more and more company car drivers look to opting out of the company car.

Personal contract purchase offers the individual a low deposit on the car of their choice, whilst keeping the payments much lower than traditional Hire Purchase and at the same time eliminating the P11D tax burden.

Finance Lease
If you are looking for a simple, straightforward finance agreement, Toomey Westlease can offer a competitive Finance Lease. This type of agreement can still provide tax efficiencies together with cash flow benefits and budgetary controls.

Accident Management
Toomey Westlease include with all with maintenance contracts a complete accident management facility.
We cater for the needs of the driver, deal with the repairing dealer and negotiate with the insurance company through to claim settlement, thereby eliminating one of the greatest areas of administration handled by your fleet administrator.

Fleet Management
In the event that our customer owns their vehicles, Toomey Westlease can provide a maintenance and fleet management facility, which includes the control of the maintenance, servicing and repairs, the re-taxing of the car and handling its ultimate disposal. The service includes full administrative support and a full suite of management reports.

Capital Injection
If you already own your vehicles Toomey Westlease can purchase your fleet from you and lease them back to your company, giving you the immediate benefits of Contract Hire as well as a welcome cash injection.

In addition to the substantial Capital Injection, it provides you with many further benefits.

Immediately the vehicles are removed from your balance sheet – Improving your key ratios.
• Increased and accelerated corporation tax reclamation
• Elimination of residual and disposal risk
• Maintenance management and cost control
• Tyre management
• Fixed costs and budgeting
• Reduction in administration
• Road fund licence renewal
• Accident Management
• 24 hour Driver help line

Additional Services

Account Management
To ensure that we meet and exceed you expectations we appoint a Regional Sales Manager and a sales support executive to your account. The support will range from vehicle selection to comprehensive vehicle tax advice. Their aim is to provide total customer satisfaction.

Vehicle Sourcing
Toomey Westlease can supply all makes and models of vehicles available in the UK at maximum fleet discounts.

In addition to our own group supply we have established supply terms in place with most franchised outlets and direct relationships with all of the major manufacturers.

Maintenance
If selected, Toomey Westlease will manage and incorporate within the monthly rental all aspects of the vehicle maintenance, repair and servicing. Unlimited tyre replacement, subject to fair wear and tear, exhausts and batteries are also included.

Breakdown Cover
24 hours per day 365 days per year breakdown cover including travel to continental Europe.

Relief Vehicle
If selected, a relief vehicle can be provided in cases of accident or mechanical breakdown reducing driver down time.

GAP Insurance
In the event of a total loss a difference between the insurance settlement figure and the amount to settle the lease can arise. This difference will normally be charged to the lessee.
Toomey Westlease however, can provide a GAP insurance as an intrinsic element of an agreement. This insurance pays for this difference and removes the uncertainty and risk and gives peace of mind at an otherwise difficult time.