The term finance lease is actually a type of lease. A finance lease which is similar to capital lease allows a company or business to allow the purchase of an asset to the company such as a van or car, even if the business never actually buys the asset at the end. In general a finance lease will give the client who is the person that took out the lease control over the asset which in this case would be a car, for a large proportion of the vehicles useful life, which will also provide them with the benefits and risks of ownership over the vehicle itself.
Finance lease options are usually only open to other companies or businesses not individuals who are looking to hire out a vehicle. If a individual wishes to rent out a vehicle for their own private use they would have to go to a company who offers either hire purchase options if they wish to purchase the vehicle over a period of time or lease hire a vehicle if they only want to rent out the vehicle for a number of months or years without actually buying the vehicle at the end of the contracted period.
If a person wishes to rent a car this is known as car hire. Car rental companies can be found throughout the United Kingdom and even at airports if you wish to hire out a vehicle for the day only after arriving at your destination.
If a individual or company wishes to rent out a van in finance lease this is known as van hire. This is very common with people who are moving large objects from one location to another many car dealerships offer day or week rental of vans or if you are a company wishing to rent out a van for your workers for a number of months then commercial leasing must be negotiated.
Depending upon the finance company you use they will offer different leasing options some will offer hire purchase, while another will offer finance lease. Depending upon your circumstance they will always try and find the best option that is for you.
In finance lease there is so much to take into consideration such as the situation of the client wishing to lease the vehicle, the type of transport rental they wish to take out, and also how long they wish the contract to be, how much they pay and many other terms and conditions may apply.