Is road tax included in my car leasing contract?
Road tax is sometimes referred to as "car tax" or by its official name, a "Road Fund Licence". Paying car tax is an important consideration when thinking about purchasing or leasing a vehicle and it is a legal obligation to ensure that the car you are driving is fully covered for any applicable road tax.
If you are taking out a car leasing deal, one of the biggest selling points is the inclusion of road tax. Most of the contracts available from Central Contracts come with road tax included in the cost of the plan. This will allow you to budget your motoring costs knowing that your road tax payments are covered in your monthly instalment scheme.
When you are choosing your vehicle leasing plan, discuss road tax inclusion with our consultants and they will be able to tell you more about whether items such as road tax and vehicle maintenance are included as part of your auto leasing contract. Generally speaking, road tax is paid for the duration of your lease, but your consultant will be able to give you full details of the road tax arrangement according to your vehicle and chosen lease plan.
If you are a business leasing a fleet of company cars there are other tax perks to choosing a vehicle lease from Central Contracts. With deals such as a contract purchase plan, the car leasing company retains ownership of the vehicle up until the final payments are covered so you don't have to declare your car as a taxable asset up until the handover. With a business contract hire plan, you can get a fantastic executive car with some or all of the rental charge available to offset against your taxable profits - it's easy to see why it's the most popular leasing option for company cars.